Locked content Talanx with €20 mln loss in Q3 due to natural disasters in Americas

WSE-listed insurance group Talanx expects a €20 million loss in Q3, due to the damage caused by hurricanes Harvey, Irma and Maria in the Americas, as well as the earthquake in Mexico. The liabilities resulting from reinsurance and retrocession the company incurred as a result of the hurricanes and t...

Locked content ZM Henryk Kania to take over Staropolskie Specjały worth PLN 293 mln

WSE-listed meat producer ZM Henryk Kania has agreed to take over all the shares of competitor Staropolskie Speciały as payment of the debt the firm has against ZM Henryk Kania. The value of the acquired company is estimated at PLN 293 million. The takeover still needs green light from consumer watch...

Finnish space tech firm ICEYE launches its Warsaw office

Finnish space tech company ICEYE is expanding its operations into Warsaw. The company is the leader in synthetic-aperture radar (SAR) technology for microsatellites providing expanded access to reliable and timely earth observation data. Warsaw will be the firm’s first office outside of its current ...

Kraków’s office market hits the 1 million sqm mark

The office market in Kraków, Poland’s second largest city, has just surpassed 1 million sqm of modern office space. “Outside of Warsaw, Kraków is the biggest office market in Poland. In August 2017, after delivering building B of the Equal Business Park to market, Kraków surpassed the threshold of 1...

Weco Travel moves to Atrium Garden in Warsaw

Weco Travel, a company specializing in corporate travel, has moved to the Atrium Garden office building on Al. Jana Pawła II in Warsaw. The company is to occupy nearly 1,000 sqm of modern office space on the 7th floor of the scheme. Experts from JLL represented DEKA fund – the building’s owner – dur...

Schenker leases 2,100 sqm in Business Garden Warsaw

Vastint Poland signed a lease for 2,100 sqm of office space with Schenker Technology Center (Warsaw), a part of the DB Schenker Group. This newly created unit will provide IT services to the group companies in Europe and in certain parts of Asia and Africa. Business Garden Warsaw was chosen as headq...

Locked content LPP with PLN 173 mln profit in Q2

Clothes retailer LPP recorded net profit of PLN 173 million in Q2 2017, according to the company’s early estimates. Market consensus put the figure at PLN 156.4 million, according to PAP. The group’s consolidated revenue stood at PLN 1.705 billion in Q2, while gross profit from sales amounted to PLN...