PKO BP lending increases to PLN 221 bln in Q2

Net loans and advances granted to PKO Bank Polski clients amounted to PLN 221.3 billion at the end of the second quarter of 2018 – an increase of 3.4 percent y/y – the institution said. The share of impaired loans (NPL) fell by 0.5 percentage points y/y to 5.2 percent in the second quarter.

Erbud with PLN 195.5 mln contract from Lidl

Warsaw Stock Exchange-listed construction company Erbud will build a distribution center in Stargard in north-western Poland for German retailer Lidl. The value of the contract amounts to PLN 195.5 million. The project will be sitting on almost five hectares of land and is scheduled to be completed ...

More YIT apartments under construction in Warsaw

Finnish developer YIT has launched construction work on the second phase of its Aroma Park residential project in Warsaw with builder Unibep acting as the general contractor. In this phase of the scheme two buildings with a total of 70 units will be built. They are scheduled to be completed in 16 mo...

Atrium to buy prime Warsaw retail asset for €301.5 mln

Shopping center owner, operator and re-developer Atrium European Real Estate is in the process of acquiring the Wars Sawa Junior retail center in downtown Warsaw from PFCEE, a fund managed by CBRE Global Investors. The transaction, which is valued at €301.5 million, is expected to be finalized in th...

Echo sells Wrocław offices for €74.5 mln

Warsaw Stock Exchange-listed developer Echo Investment has recently finalized the sale of the Sagittarius Business House office building in Wrocław to Warburg-HIH Invest Real Estate for €74.5 million. The companies signed a preliminary agreement regarding the sale of the property in July last year. ...

Budimex with Kielce bus station contract

Warsaw Stock Exchange-listed construction company Budimex has signed an agreement with the public transport authorities in Kielce for the remodeling, extension and modernization of the city’s bus station. The value of the contract amounts to more than PLN 68.7 million. The existing bus station, whic...

Locked content Deputy PM: Poland might ignore ECJ ruling on justice reform

According to Deputy PM Jarosław Gowin if the European Court of Justice rules against the Polish government’s attempt to overhaul judiciary, Warsaw “will probably have no choice and ignore the ruling of the [court] as contrary to the Lisbon treaty and the whole spirit of European integration.” On Mon...