Locked content Griffin Premium sets IPO price at PLN 5.7 – media

Griffin Premium Real Estate, has set the final price in its initial public offering (IPO) at PLN 5.7 per share, according to market sources quoted by Polish media. The book building process ended on Tuesday in which the maximum possible price was set at PLN 6.5. Griffin Premium RE will sell between ...

Echo Investment secures loan for West Link in Wrocław

Echo Investment concluded a loan agreement worth €16.5 mln with Bank Millenium S.A. The funds will be used for the construction of the West Link office project in Wrocław. The project will have a total of over 14,000 sqm, featuring a car park for 266 vehicles. The completion of the project is planne...

Capgemini takes up 13,000 sqm in Business Garden Wrocław

Consulting, information technology and outsourcing company Capgemini will occupy more than 13,000 sqm of space in the Business Garden office complex in Wrocław, which is owned by developer Vastint Poland. Cushman & Wakefield represented the tenant in the lease negotiations. Capgemini is already ...

Białystok malls follow the extension trend

The eastern city of Białystok has seen a number of extensions to its shopping centers, with two still ongoing: the extension of Auchan Hetmańska set to be completed in 2017 and CH Zielone Wzgórze scheduled for completion in 2018, which will altogether add 14,500 sqm to the market, according to a rec...

Kraków office market putting up strong performance – report

The office stock in Kraków, the largest regional office market in Poland, has increased by almost 70 percent since 2012, with a record 146,900 sqm having been completed in the city in 2016 alone, according to the latest report by Savills. The office stock in the city will significantly exceed one mi...

Orbis to open combo hotel in Poznań in 2018

Hotel chain Orbis Hotel Group has started the modernization of the Novotel Poznań Centrum hotel in Poznań, which will be turned into a combo hotel combining two brands – ibis and Novotel – under one roof. The ibis Poznań Centrum hotel will occupy the first six stories with its 190 rooms, while the N...

Locked content EBRD mulls acquiring stake in the Griffin Premium IPO

The European Bank for Reconstruction and Development may buy 5-10 percent stake in the upcoming Griffin Premium Real Estate IPO, the bank said in a press statement. “According to the framework agreement, EBRD may acquire shares in the Offering representing no less than 5 percent and no more than 10 ...