New tenant at Skanska’s High5ive in Kraków

Fitness club operator My Fitness Place has leases 1,900 sqm at Building 4 of the High5ive office complex, which Skanska is now developing in downtown Kraków. The transaction was brokered by Colliers International with the tenant expected to open its club in the location in March 2020. The High5ive c...

Savills managing Zgorzelec mall

Savills has been appointed as the manager of the Zgorzelec Plaza shopping and entertainment center in Zgorzelec in Lower Silesia, which is owned by the M7 Real Estate fund. The mall comprises approximately 12,500 sqm of leasable retail space and houses such tenants as Empik, H&M, Multikino, Komp...

Locked content mBank says PLN 1.25 bln profit for 2018 is ‘within reach’

Lender mBank stated that net profit from base operations at PLN 1.25 billion, as has been forecast by analysts, is “within reach,” CEO of mBank Cezary Stypułkowski said at a press conference. In H1 of this year, the mBank group recorded net profit of PLN 698.4 million. In Q1, the sale of mFinanse br...

Locked content Piotr i Paweł close to finalizing M&A talks

Retail chain Piotr i Paweł is close to finalizing talks with a strategic investor, whose name will be disclosed once the deal is formalized, the company stated in a market filing. “Talks are advanced and we are getting close to the end of the M&A process,” said Robert Krzak, deputy CEO of Piotr ...

Locked content Moody’s projects energy wholesale prices at PLN 180-230/MWh

Moody’s expects wholesale power prices to vary within a range of PLN 180 to PLN 230 (€42-54)/per megawatt hour (MWh) in the five years to 2022, Moody’s stated in a report. This compares with a current one-year forward price of above PLN 200/MWh and is higher than the range of PLN 160 to 180/MWh prev...

Locked content Footfall down 4.2% y/y in June

The number of clients in shopping centers dropped in June by 4.2 percent y/y. In month-on-month terms it increased by 2.7 percent, according to FootFall Index Polska. June was the fourth month when the Sunday trade ban is in force. In 2018, stores remain open on two Sundays each month, as well as tw...

Locked content PLN 800 mln as relief for damages caused by drought and flood

The Council of Ministers has adopted a resolution to pay out PLN 799.5 million in relief for farms and fisheries affected by drought or floods in 2018. Agricultural drought has affected 82.97 percent of municipalities in Poland and 63.14 percent of arable land. Additionally, a flood in southern Pola...

Locked content Eurostat: Unemployment in Poland down to 3.7% in June

Seasonally-adjusted unemployment rate in June, stood at 3.7 percent in June, compared to 3.8 percent in May, according to Eurostat methodology. The number of unemployed persons was 635,000. In the eurozone, unemployment came in at 8.3 percent in June, unchanged from May, compared to 9 percent a year...

31% of companies plan to use R&D tax breaks in 2018 – KPMG

Nearly a third of companies (31 percent) plan to use the R&D tax breaks in 2018, while 64 percent intend to increased R&D spending within the next three years, according to a report published by consultancy KPMG. Out of the companies that plan to increase investments, 49 percent are going to...