Helaba, pbb provide Globalworth with €100-mln loan

German lenders Helaba and pbb Deutsche Pfandbriefbank have provided investor Globalworth Poland Real Estate (GPRE) with a €100-million loan that the company will use to finance the acquisition of four office properties across Poland: West Gate and West Link in Wrocław (offering 16,600 sqm and 14,400...

Locked content GetBack liabilities at PLN 3.32 bln

GetBack balance sheet liabilities stood at PLN 3.32 billion, while in the application for opening of the accelerated arrangement proceedings the liabilities were registered at PLN 2.82 billion, the company reported. Credit and trade liabilities have been verified, conditional liabilities (guarantees...

Locked content Wojas revenue down by 9.2% in June

The revenue of Polish footwear manufacturer and distributor Wojas fell in June by 9.2 percent y/y to PLN 20.6 million, the company reported. Consolidated revenue from retail sales in June amounted to PLN 16.2 million, a decrease of 9.2 percent from June 2017. In H1 Wojas consolidated revenue amounte...

Locked content Coal production at about 5.3 mln tonnes in May

Polish coal mines produced 5.3 million metric tons of coal in May, while coal sales amounted to 5.1 million tons, state industry restructuring agency ARP reported. Coal reserves at the end of May are estimated at about 2 million tons, almost 200,000 more than a month ago. This means that the coal ex...

Murapol hopes to sell 3,700 apartments in 2018

Developer Murapol sold almost 1,800 apartments in the first half of 2018, which marks a 12-percent increase upon the same period last year. The company’s sales target for the entire year 2018 is now 3,700 housing units. In 2017, the developer offloaded 3,600 homes. In H1 2018, Murapol put up for sal...

New Best Western hotel in southern Poland

The Principe hotel in Rzeszów in south-eastern Poland will soon join the Best Western Hotels & Resorts hospitality chain and will start to operate under the chain’s Best Western Premier brand. The hotel, which is located in the downtown of the city and is managed by Niza Travel, will be the firs...