Locked content Flight tickets sales account for 76% of mobile transactions

As much as 76 percent of mobile transactions in Poland in 2014 involved the purchase of flight tickets. Poles spent roughly €5 billion shopping online, Polish Radio reported. The British e-commerce market is the biggest in Europe and was valued at roughly €112 billion, according to “The Programmatic...

Locked content Immofinanz launches VIVO! mall in Krosno

Developer Immofinanz Group has launched construction of a shopping center in Krosno, south-eastern Poland, under the VIVO! brand. The construction should be completed in Q1 2017. The project is valued at €37 million. The new mall will feature 22,000 sqm of GLA within 70 units. It will be located in ...

Locked content Franc-denominated loans conversion to the złoty possible – KNF

Head of the Financial Supervision Authority (KNF) Andrzej Jakubiak has posited that converting franc-denominated mortgage loans with exchange rate from before the CHF appreciation could be possible. However, debtors would have to cover the difference between franc-denominated and złoty-denominated l...

Locked content CEE real estate investment volume 28% up in 2014

The total investment volume in the CEE region (excluding Russia) amounted to €7.7 billion, 28 percent more than in 2013, a report by CBRE stated. With €3.1 billion, Poland accounted for 40 percent of the total volume. The increase in CEE investment deals is mainly due to the increased investor inter...

Locked content PKP chooses partner for Kraków Główny development

Polish Railways PKP has selected GD&K Consulting for its partner in the re-development of the Kraków Główny Railway Station. The project will involve the construction of 21,000 sqm of office and retail space at the estimated cost of €55 million. Construction is set to be launched in 2017 and com...