Atal with record 2016 apartment sales results

Warsaw Stock Exchange-listed developer Atal sold 2,436 apartments in 2016, which marks a 44 percent increase upon the previous year when the company offloaded 1,689 housing units. The developer hopes to further improve its apartment sales in 2017 as it continues to step up its development activity a...

Anchor tenant stays in Forum Gliwice mall

Retailer Carrefour has renewed its lease agreement for more than 6,000 sqm of space at the Forum shopping center in Gliwice. The company, which is one of the anchor tenants in the mall, will stay in the property at least till June 2022. One of the largest shopping centers in Silesia, Forum offers 43...

GIC completes €2.4 bln acquisition of P3

Having received the go-ahead from EU regulators, Singapore’s sovereign wealth fund GIC has finalized its acquisition of logistics space developer P3 from TPG Real Estate and Ivanhoé Cambridge. The transaction, first announced in November last year and valued at €2.4 billion, is one of the larg...

Archicom trumpets 2016 apartment sales

Warsaw Stock Exchange-listed developer Archicom sold 942 apartments in 2016, which marks a 54 percent increase upon the previous year. This is the best annual sales result in the whole history of the company, the developer said in a press release.

RECE sells eight shopping centers across Poland to Arcona

Norwegian developer Real Estate Central Europe (RECE) Group has finalized the sale of a portfolio of eight of its convenience shopping centers in Poland to Dutch investment fund Arcona Property Fund. Cushman & Wakefield represented the vendor in the transaction whose value has not been revealed....

i2 Development sells two office buildings for PLN 40 mln

Warsaw Stock Exchange-listed developer i2 Development has sold, in two separate transactions, two office buildings in Wrocław – Nowy Alexanderhaus and Twelve, which offer 2,800 sqm and 2,000 sqm of space respectively – for a total of PLN 40 million net. The company, which is mostly focused on reside...

Echo offloads former Cracovia hotel building in Kraków

Developer Echo Investment has sold the former Cracovia hotel building in Kraków to the Ministry of Culture and National Heritage for PLN 29 million. The property will be owned by the National Museum in Kraków and is expected to house a design and architecture gallery in the future. Echo acquired the...

Ronson sells Nova Królikarnia in Warsaw for PLN 175 mln

Developer Ronson Europe has finalized the sale of the ongoing Nova Królikarnia residential project in Warsaw to investor Global City Holdings (GCH) for a total of more than PLN 175 million. Ronson will receive almost PLN 34.3 million in cash and nearly PLN 140.9 million in its own shares from GCH (u...

Panattoni developing 25,000 sqm warehouse for DSV Solutions

Industrial space developer Panattoni Europe is now developing an almost 25,000-sqm warehouse project within its Panattoni Park Janki II logistics park near Warsaw for logistics company DSV Solutions. The scheme is scheduled for completion in the third quarter of next year. DSV Group is a long-standi...