Marvipol to sell Prosta Tower in Warsaw

Developer Marvipol has signed a preliminary agreement with an international investment fund regarding the sale of its Prosta Tower office building in Warsaw. The transaction, which is expected to be finalized in January next year, is valued at €26.7 million. Completed in 2011, the Prosta Tower build...

Locked content Kuehne + Nagel working with Michelin Poland

On Wednesday, one of Germany’s leading freight forwarding companies will begin operations with Michelin at its distribution centre near Warsaw, according to Kuehne + Nagel’s website. The agreement stipulates that the company will manage Michelin’s warehouse activities in Poland, including taking ove...

Euro Styl unveils Centaurus in Olsztyn

Tri-City-based developer Euro Styl has presented a new architectural vision for its planned Centaurus mixed-use project in Olsztyn in north-eastern Poland. The company has also launched pre-sales of the apartments that will be developed in the residential section of the scheme. The Centaurus develop...

Locked content Deutsche Bank AG pulling out of Poland – banking industry sources

A report on Wednesday stated that it had strong evidence from industry sources indicating Deutsche Bank AG will close its unit in Poland within the next year, according to Reuters news. “The axe is coming for DB Securities this time,” one of the sources said. The report indicated that the possible c...

Locked content PIU: Number of Poles with insurance way up in 2016

The number of people in Poland opting for private health insurance rose by 26 percent, y/y, according to a report in the Polish press on Wednesday. According to the Polish Insurance Association (PIU), at the end of Q2, 1.67 million Poles had health insurance, contributing PLN 263.5 million to the ma...

Locked content PiS legislation on retirement age passed in Sejm

Piotr Duda, the head of Poland’s Solidarity Union, raised his arm and gave the victory signal in the Polish Parliament on Wednesday, as the government passed its much-touted reforms of the age of retirement law, according to a news release in the Polish press. “This is a happy day for all employees,...

Panattoni Park Warsaw to change hands

Industrial Center 37, a joint venture set up by developers Marvipol and Panattoni Europe, has signed a letter of intent with an international investment fund regarding the planned sale of the Panattoni Park Warsaw logistics center located near the Polish capital. According to Mariusz Książek, the pr...

Locked content CDRL SA growth for 2016 steady – VP

One of Poland’s largest manufacturers of children’s clothing expects to have a slightly higher turnover than last year, a report in the Polish press said on Tuesday.  At the end of the first three quarters of 2016, the company reported revenues of PLN 151 million, an increase of 14.4 percent, y/y, s...