Pereca 11 rental apartments completed in Warsaw

Investor Catella Real Estate and developer Matexi have held an official ceremony marking the completion of the Pereca 11 residential project in downtown Warsaw, which is the first housing scheme in Poland to be exclusively earmarked for long-term institutional rentals. The development, which compris...

Locked content Ministry of Finance plans simplifying tax rules

The Ministry of Finance is working on simplifications in tax regulations.  The key objectives are less bureaucracy in taxes, lower taxes for business and investments as well as better safety for taxpayers, the Ministry said. In the area of “lower taxes for business and investments,” it p...

Locked content Emperia shareholders decide on delisting

Emperia shareholders decided on delisting of company shares from the Warsaw Stock Exchange as a result of the mandatory tender offer. Following the offer Maxima Grupe together with its unit Elpro Development owns 100 percent in Emperia. UOKiK approved the acquisition of control over Emperia by Maxim...

Locked content GTC shareholders subscribe 13.2 mln shares

Shareholders of real estate developer Globe Trade Centre subscribed 13.2 million M-series shares placed in private subscription, the company announced on Wednesday. The total value of the issue is PLN 113.5 million. In the middle of May, GTC shareholders approved the issue of up to 19.4 million shar...

Locked content Tomasz Czechowicz to buy 19 mln shares in MCI Capital

MCI Management Holding announced the tender offer for 19 million MCI Capital shares equal to 35.93 percent of share capital. Tomasz Czechowicz who currently holds 64.07 percent in MCI Capital plans to increase his stake to 100 percent, MCI Management and Trigon DM said. The offer price is set at PLN...

Locked content LPP sees revenue at PLN 10.5 billion in 2021

Clothing retailer LPP targets 2021 revenue at PLN 10.5 billion compared to PLN 7 billion in 2017. The company plans investment of PLN 1.5 billion in the network of shops till 2021, LPP said in a statement. The retailer plans online sales share to reach 20 percent in 2021 versus 8 percent currently. ...

Locked content Wizz Air has 60 million passengers in Poland

Hungarian low-cost airline Wizz Air reached 60 million passengers in Poland since it had started operating in the country in 2004, Corporate Communications Director Andras Rado said. He also foretasted passenger traffic from and to Poland at 10 million passengers in 2018 compared to 8.1 million a ye...

New Work expanding in Warsaw

Hungarian serviced office space operator New Work, which is owned by Property Systems Group, has leased 2,260 sqm of office space in Hochtief’s Mazowiecka 2/4 building in downtown Warsaw. Savills advised the tenant – who entered Poland last year leasing space in Warsaw’s Wilanów Office Park complex ...

First Property Group to upgrade Kraków office complex

Fund manager and investor First Property Group has revealed it has secured a group of investors who will invest approximately €33 million of new equity in the Kraków Business Park office complex that the company acquired in September last year. The complex consists of four office buildings comprisin...