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...

New ibis Styles hotel to open in Lower Silesia in 2018

Hospitality company Orbis has signed a franchise agreement regarding the opening of an ibis Styles-branded hotel in Bolesławiec in Lower Silesia. Ibis Bolesławiec is the investor and owner of the project, which is scheduled for completion in the third quarter of 2018. The hotel will offer 60 rooms a...

Marvipol will not acquire mLocum from mBank

Developer Marvipol and lender mBank have jointly decided to end negotiations regarding the acquisition of mLocum, a residential development company belonging to the mBank Group, citing the lack of agreement on the final structure and price of the planned transaction as the reason. The management boa...

Echo sells three office buildings for €124 mln

Developer Echo Investment and investor Echo Polska Properties (EPP) have signed final agreements for the sale of three office buildings across Poland – O3 Business Campus (phase I) in Kraków, Tryton Business House in Gdańsk and Symetris Business Park I in Łódź – for a total of €124 million. EPP has ...

CEDET construction to reach ground level

Developer Immobel Poland will soon finish the construction work on the underground section of the CEDET office and retail project in downtown Warsaw. Work on the above-ground floors of the scheme will commence in January, with the development scheduled for completion in October next year. The CEDET ...

Planned Immofinanz-CA Immo merger postponed

Vienna and Warsaw Stock Exchange-listed developer and investor Immofinanz has revealed changes in the previously announced preliminary timetable for its planned merger with Vienna Stock Exchange-listed real estate company CA Immo. A vote on the merger, which was earlier expected to take place in the...

Panattoni developing 32,000 sqm project in Łódź for Decathlon

Logistics space developer Panattoni Europe is now developing a 32,000-sqm warehouse project in Łódź for sporting goods retailer Decathlon. The scheme, which will be located close to the existing Panattoni Park Łódź East logistics park, approximately 11 kilometers from the downtown of the city, is sc...

Echo sells Q22 tower in Warsaw for over €270 mln

Developer Echo Investment has finalized the sale of the Q22 office skyscraper in downtown Warsaw to investor Invesco Real Estate for a total of €273 million. The buyer has paid €230 million for the building to date, with the remaining sum due next year, once all the tenants have moved into the prope...