Warsaw’s Europejski Offices fully leased out

Cushman & Wakefield has finished the process of commercializing office space in the Europejski mixed-use building in downtown Warsaw. Office tenants of the historic, recently revitalized property include WeWork, Alior Bank Private Banking, the editorial office of Vogue Poland and four private eq...

New tenant at Centrum Franowo in Poznań

Transcosmos, a provider of IT and digital marketing services, has leased around 850 sqm of office space at the Centrum Franowo retail and office building in Poznań. Savills advised the tenant during the process of selecting the location. Owned by INGKA Centres Polska (formerly IKEA Centres Polska), ...

Locked content Katowice Airport serves over 372,000 passengers in October

Katowice Airport served over 372,000 passengers in October, 19 percent more versus a year ago.  In the January-October period, the airport transported over 4.35 million passengers. This is more than during the entire 2017 when the number of passengers amounted to 3.9 million. The airport representat...

Locked content Emilewicz: domestic demand supports GDP growth

Minister of Entrepreneurship and Technology Jadwiga Emilewicz attributed Q3 GDP growth above the expectations to the strong domestic demand.  According to her, the Polish economy does not slow down significantly, while the slight delay in investments and high consumption support the maintenance of e...

Locked content Unimot Q3 net profit at PLN 9.77 mln

Fuel trader Unimot recorded PLN 9.77 million of consolidated net profit attributable to shareholders in Q3 compared to PLN 10.67 million a year earlier, the company said. Operating profit amounted to PLN 10.91 million versus PLN 14.57 million y/y. EBITDA stood at PLN 14.5 million compared to a negat...

Locked content Future Inflation Index down in November

The Future Inflation Index calculated by the Bureau for Investments and Economic Cycles (BIEC)  fell by 0.5 points month-on-month. The change resulted from cheaper oil, which reduced inflationary pressure, BIEC reported. According to the analysts, it is hard to estimate whether lower oil prices will...

Intense development activity in the office sector – report

A total of almost 1.7 million sqm of office space is now being developed across Poland, according to a recent report by JLL. Approximately 900,000 sqm is being built in the biggest regional markets with Kraków, Wrocław and the Tri-city accounting for as much as 67% of the under-construction office a...

Locked content Grupa Azoty and Play to be excluded from MSCI Poland

Grupa Azoty and Play Communications will be removed from the main MSCI Poland Index after the session on November 30, MSCI reported in the interim review of indices. Both companies will move to MSCI Poland Small Cap Index, while Getin Noble Bank will be excluded from it as part of the revision…...

Locked content Inter Cars Q3 net profit grows to PLN 63.84 mln

Inter Cars recorded PLN 63.84 million of consolidated net profit attributable to shareholders in Q3 compared to PLN 60.01 million a year earlier, the company said. Operating profit totaled PLN 81.11 million versus PLN 83.03 million y/y. Consolidated sales revenue grew to PLN 2.04 billion compared to...

Locked content Vistula Group plans to have 450 stores by end of 2018

Vistula Group expects to increase its sales network to 450 stores by the end of the year, the company said. It also estimated that online sales will exceed 10 percent of the group’s revenue at the end of 2018. By the end of Q3, the group had a retail network of 430 stores including the…