Golub acquires site for dormitory project in Kraków

A fund owned by the Golub GetHouse group has finalized the acquisition of the seven-story Telpod post-industrial building in the Zabłocie neighborhood of Kraków, which it plans to redevelop as a modern dormitory offering approximately 22,000 sqm of usable space. The project, which will be able to ac...
Image: Skanska Property Poland

Citi leases 13,600 sqm in Generation Park in Warsaw

Citi Service Center Poland and Skanska Property Poland have signed an agreement for the lease of 13,600 sqm of office space in building ‘X’ of the Generation Park complex in Warsaw. The tenant, who was represented by Cushman & Wakefield in the negotiations process, will move to its n...

Marvipol will not buy Soho Development shares

Warsaw Stock Exchange-listed developers Marvipol and Soho Development have announced they have broken off negotiations regarding the acquisition by Marvipol of a major package of Soho shares, citing lack of agreement on the price and the other key terms of the transaction as the main reason. Marvipo...

Construction on largest water park in CEE gets underway

Investor Global City Holdings has officially launched construction work on the first phase of its Park of Poland project in Mszczonów near Warsaw, which will involve the development of the largest water park in Central and Eastern Europe. Called Suntago Wodny Świat and valued at €150 million, the 67...

Europa Capital completes major Warsaw hotel acquisition

Fund management group Europa Capital has finalized the acquisition of the Radisson Blu Centrum Hotel in downtown Warsaw. Boutique real estate advisory WX Management Services advised the buyer, co-invested in the transaction and will provide asset management services for the project. Located in the W...

Atal launches Baltica Towers project in Gdańsk

Warsaw Stock Exchange-listed developer Atal has launched apartment sales in its Atal Baltica Towers project in Gdańsk, which will comprise two 13-floor buildings – a residential building and an apartment hotel building – and offer a total of almost 250 units. The residential building in the scheme w...

BBI gets financing for two Koneser buildings in Warsaw

A subsidiary of Warsaw Stock Exchange-listed developer BBI Development has secured more than PLN 43.2 million in bank financing from Pekao SA for buildings ‘E1’ and ‘E3’ in the Centrum Praskie Koneser mixed-use project in the Polish capital. The loan is to be repaid by the end of September 2019. The...

Carrefour replaces Alma in Dekada Kraków mall

Retailer Carrefour is the latest tenant to have leased space in the Dekada convenience shopping center in Kraków. A Carrefour supermarket will occupy a 1,330-sqm unit in the mall, which previously housed a Delikatesy Alma store. Dekada Kraków, which was opened in 2012 and comprises almost 3,400 sqm ...

Bouygues sales down in Q1, set to improve in coming quarters

Developer Bouygues Immobilier Polska sold 219 apartments in Q1 2017, compared with the 265 units the company offloaded in the same period last year. According to sales and marketing director Krzysztof Foder, the decrease in sales resulted from stock depletion, with the developer planning to launch a...

GK Immobile to build a four-star hotel in Warsaw

GK Immobile through its subsidiary Focus Hotels has signed a contract with Woronicza Prestige PM to build and lease a four-star hotel in Warsaw, with at leas 238 rooms. After the construction is completed, Focus will manage the facility for the period of 15 years, for minimum PLN 84 million. The hot...