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...

Bank financing for Retro Office House in Wrocław

A subsidiary of developer LC Corp has secured €23.7 million in bank financing from mBank Hipoteczny to finance the construction of its ongoing Retro Office House office project in Wrocław. The scheme is being developed at the intersection of ul. Piłsudskiego and ul. Komandorska near the downtown of ...

Danfoss renews huge Wrocław lease

Hydraulic machinery producer Danfoss Power Solutions has renewed its lease agreement for a total of more than 20,000 sqm of warehouse, industrial and office space at the Hillwood Wrocław I logistics park in Lower Silesia. The main reasons for the company’s decision to stay in the park include ...

Atut shopping center in Kraków under construction

Investor KG Group has launched the construction work on its Atut convenience shopping center project in Kraków. The two-floor scheme, which will be located on ul. Grażyny in the Prądnik Biały district, will offer 3,500 sqm of leasable space and is scheduled for completion in the third quarter of nex...

Budner to change name, grow in new market sectors

Construction company Budner plans to change its name to Fundamental Group in January next year and focus on growth in new market sectors in the near future. The builder, which will continue to act as the general contractor for residential and commercial real estate projects, wants to become a major ...

Hampton by Hilton hotel to open in Oświęcim in 2018

Hospitality company Hilton Worldwide has signed a franchise agreement regarding the development of a Hampton by Hilton-branded hotel in Oświęcim in southern Poland. The hotel will be located in the downtown of the city and will offer 120 rooms, with the opening having been scheduled for mid-2018. It...

Prologis developing speculative project near Wrocław

Logistics space developer Prologis has announced the launch of construction work on a new speculative project located within the company’s Prologis Park Wrocław V logistics park in Lower Silesia. The 11,400-sqm scheme is scheduled for completion in the second quarter of next year and has alrea...

Major tenant for Silesia Star B in Katowice

Design software and electronic equipment manufacturer Mentor Graphics Corporation has taken up more than 4,400 sqm of space at building B of the Silesia Star office complex in Katowice. The company has opened its largest European research and development center in the city, where it employes more th...