Dachser renews MLP Pruszków II deal

Logistics operator Dachser has renewed its lease agreement for a total of approximately 7,900 sqm of warehouse and office space at the MLP Pruszków II logistics park in the Warsaw area. The tenant has been a client of developer MLP Group since 2012 and also occupies space at the company’s MLP Poznań...

Housing construction soars in April – GUS

In April, the number of dwellings in which construction has started soared y/y by 30 percent to 22,924, according to data released by the Central Statistics Office (GUS), in m/m terms it grew by 13.6 percent. Moreover, the number of dwellings completed increased by 16.7 percent y/y to 13,187.

Golub selects architects of new Warsaw tower

Developer and investor Golub GetHouse has contracted US architectural studio Arquitectonica to design its planned Liberty Tower residential project in Warsaw. The studio was selected in an international competition and is currently working on the concept design of the scheme. The 140-meter Liberty T...

Locked content GTC with €24 mln Q1 net profit

WSE-listed real estate developer GTC had €24.1 million net profit in Q1, down by 25.2 percent y/y, but above €16.4 million consensus. Revenues amounted to €39.5 million, a 30.6 percent growth y/y. Operating profit amounted to €36.9 million, down by 14.4 percent y/y. “We achieved solid results in the...

Murapol buying land for new Kraków project

Developer Murapol has finalized the acquisition of over 0.8 hectares of land on ul. Pachońskiego in Kraków where it wants to build the first phase of a new residential project. The company has also signed preliminary agreements for the acquisition of a further nearly 1.3 hectares of adjacent land fo...

Echo trumpets infrastructural investment in Katowice

Warsaw Stock Exchange-listed developer Echo Investment has revealed it will spend PLN 38 million on the construction of new and modernization of existing roads around its ongoing Galeria Libero shopping center project in Katowice. The company will finish building the infrastructure till the end of A...

More Koneser buildings completed in Warsaw

Investors BBI Development and Liebrecht & wooD have secured occupancy permits for buildings “F,” “H,” “O” and “P” within their Centrum Praskie Koneser mixed-use project in Warsaw. The first office areas in the buildings will be turned over to tenants in June with the entire complex scheduled to ...

Cornerstone laid for Imagine office project in Łódź

Developer and investor Avestus Real Estate has held a cornerstone-laying ceremony at the construction site of its Imagine office project in Łódź. The scheme will comprise a total of 14,800 sqm of office space and 2,400 sqm of retail area in two buildings. The development will also include a multi-st...

Adagio-branded aparthotel to open in Kraków in 2021

Warsaw Stock Exchange-listed hospitality company Orbis Hotel Group, which is majority-owned by AccorHotels, has signed a 20-year management contract regarding the opening of the first Adagio-branded aparthotel in Kraków. The project will offer 190 rooms and is expected to welcome first guests in lat...

Dom Development Construction with PLN 353-million contract

Warsaw Stock Exchange-listed developer Dom Development has contracted its newly created subsidiary Dom Development Construction to build the planned Żoliborz Artystyczny II residential project in the Polish capital. The value of the agreement amounts to over PLN 353.1 million. This is the first cont...