Image: Avestus Real Estate

Avestus to launch Imagine office project in Łódź in Q3

Developer and investor Avestus Real Estate will in the third quarter of this year launch construction work on its Imagine office project in Łódź, which will comprise a total of 14,500 sqm of office space and 2,300 sqm of retail and service area in two buildings. A third building will accommodate par...

Capgemini takes up 13,000 sqm in Business Garden Wrocław

Consulting, information technology and outsourcing company Capgemini will occupy more than 13,000 sqm of space in the Business Garden office complex in Wrocław, which is owned by developer Vastint Poland. Cushman & Wakefield represented the tenant in the lease negotiations. Capgemini is already ...

Kraków office market putting up strong performance – report

The office stock in Kraków, the largest regional office market in Poland, has increased by almost 70 percent since 2012, with a record 146,900 sqm having been completed in the city in 2016 alone, according to the latest report by Savills. The office stock in the city will significantly exceed one mi...

Orbis to open combo hotel in Poznań in 2018

Hotel chain Orbis Hotel Group has started the modernization of the Novotel Poznań Centrum hotel in Poznań, which will be turned into a combo hotel combining two brands – ibis and Novotel – under one roof. The ibis Poznań Centrum hotel will occupy the first six stories with its 190 rooms, while the N...
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Union Investment acquires Maraton in Poznań for €62 mln

Developer Skanska Commercial Development Europe has sold its Maraton office building in downtown Poznań to a real estate fund managed by Union Investment for €62 million. The building, which was the second office project of Skanska in the city (after Malta House), was completed in December last year...

Totalbud building for Albero Invest in Warsaw

Developer Albero Invest has selected builder Totalbud as the general contractor for its “Klonowy zakątek” residential project in Warsaw. The scheme is being developed on ul. Ochocka in the Ursus district of the city and will comprise a total of 95 apartments in five four-floor buildings. The develop...

Unidevelopment enters Radom market

Residential developer Unidevelopment, which is active in the Warsaw and Poznań markets, has launched construction work on the first phase of Osiedle Idea, its first multi-family project in Radom. The company is developing the scheme in cooperation with a local partner – RO.SA-Invest – which will hel...

GTC touts strong 2016 operating performance

Warsaw Stock Exchange-listed developer Globe Trade Centre (GTC) saw its rental and service revenues increase from €105 million in 2015 to €114 million last year, while the company’s net profit grew from €44 million to €160 million over the period. The value of the developer’s income-generating portf...

Bouygues to launch a host of new projects in 2017

French residential developer Bouygues Immobilier Polska, the third largest developer in Warsaw in terms of apartments sales, is planning to start selling housing units in a total of twelve new projects in the Polish capital and Wrocław in 2017. The company hopes to reach an apartment sales level of ...