Prestige launches major residential project in Warsaw

Developer Prestige has launched the construction work on its Villa Prestige Kabaty upmarket residential project in southern Warsaw. The scheme will be located in the Ursynów district and will comprise 35 single-family houses, half of which have already been sold. The development will include 28 deta...

Hansainvest acquires Atrium 2 office building in Warsaw

In what is its first investment in the commercial property market in Poland, German investor Hansainvest has acquired the Atrium 2 office building in downtown Warsaw from developer Skanska Property Poland. The value of the transaction has not been revealed. Atrium 2 is located near the ONZ roundabou...

Bankruptcies in construction industry on the rise

The number of bankruptcies in the construction sector in Poland has recently increased, with local companies with turnovers of less than PLN 100 million having been hit by a decrease in construction production, said a recent report by the credit insurance company Euler Hermes. According to the study...

KPMG: banks still eager to finance real estate investments

The prospects for bank financing in the real estate market in Europe remain positive, with most banks having maintained or even increased their interest in lending activity in the sector over the last year, according to a recent survey conducted by KPMG among a total of almost 100 financial institut...

Zing leases 14,000 sqm from Panattoni

Paper distributor Zing has launched a new distribution center within the Panattoni Park Warszawa-Konotopa logistics park near Warsaw. The company has leased 14,000 sqm of space from developer Panattoni Europe, with JLL having advised the tenant during the process of selecting the location and negoti...

Skanska acquires Ilmet site in downtown Warsaw

Developer Skanska Property Poland has acquired a plot of developed land located near the ONZ roundabout in downtown Warsaw, which currently houses the Ilmet office building, as well as the Warsaw One project that UBS Real Estate, the previous owner of the property, was planning on the site. Arkadius...

Rockcastle finalizes €160 mln retail portfolio acquisition

Investor Rockcastle Global Real Estate has finalized the acquisition of two regional shopping centers – Focus Mall Zielona Góra and Focus Mall Piotrków Trybunalski – from Aviva Investors for a total of €160 million. Cushman & Wakefield, Hogan Lovells, Arcadis and PwC represented the buyer in the...

ibis budget hotel to open in Lublin in 2018

Hospitality company Orbis has signed a franchise agreement regarding the opening of an ibis budget-branded hotel in Lublin in south-eastern Poland. The hotel will be located on ul. Głęboka in the downtown of the city, and will be developed and owned by investor TK Finans Tomasz Księżopolski, with th...

Murapol to develop over 2,000 apartments in Łódź

A subsidiary of developer Murapol has acquired 11.7 hectares of development land located on ul. Wróblewskiego in Łódź from Regex Polska and Property Development Polska for PLN 9.5 million. The company plans to develop a major residential project on the site, which will comprise approximately 2,100 a...