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Gant shrouded in controversy

Financial Supervision Authority is examining the controversy around developer Gant, which has published a number of contradictory statements this week, causing major fluctuations in the company’s stock price.
HB Reavis - Gdański Business Center II faza I_2 for web

Locked content HB Reavis launches phase two of GBC

Slovakian developer HB Reavis has launched phase two of its Gdański Business Center office project, located north of Warsaw’s city center. The second stage will comprise two buildings, altogether offering 50,000 sqm of class A office space, designed by Hermanowicz Rewski Architekci. It is scheduled ...

Locked content Ghelamco to issue PLN 200 million worth of bonds

Ghelamco Invest has launched public offer of its series PC bonds with face value at PLN 100,000 each. The total value of the issue is up to PLN 200 million. The company has directed its issue at investors purchasing at least PLN 500,000 worth of bonds each. Investors have until July 10 to subscribe ...
EQlibrium_Grupa Warynski

Locked content Grupa Waryński with permit for EQlibrium

Developer Grupa Waryński has obtained a valid building permit for the construction of office scheme EQlibrium, which will be located in Warsaw’s Wola district. The construction will be launched in Q3 2014, the company said in a statement. The building will feature 9,878 sqm of class A office and ret...

Locked content Emperia to list real estate arm

Major Polish FMCG distributor Emperia is in the process of spinning off its real estate assets and will later list the new company on the stock exchange, the group’s CEO Dariusz Kalinowski told Parkiet in an interview. The spin-off should be announced in Q3 2014, Kalinowski said. One of the most imp...

Locked content Echo Investment buys land in Warsaw

Property developer Echo Investment has acquired land in Warsaw from Banco Financiero y de Ahorros for €42 million, the company said in a statement on Friday. Echo plans to invest into projects worth some PLN 1 billion in that area. The 4.4 hectare plot acquired by Echo is located between ul. Grzybow...

Locked content PHN still on sale – Treasury

Poland’s Treasury Ministry is still willing to sell a majority stake in real estate group Polski Holding Nieruchomości (PHN), Deputy Treasury Minister Wojciech Kowalczyk was quoted as saying by the Polish Press Agency. The Treasury said earlier this week that it failed to choose an investor for PHN....

Locked content Warsaw Spire on fire

Ghelamco’s flagship office project, Warsaw Spire, currently under construction in Warsaw’s Wola district, caught fire on the sixteen floor of the building yesterday afternoon. Five fire response units were dispatched to the site and managed to extinguish the fire. “It was plastic material on the six...

Subsidy for young homebuyers reaches PLN 187 mln

The state-owned lender Bank Gospodarstwa Krajowego (BGK)  has released statistics regarding the government’s program supporting the purchase of new homes by young adults (Apartments for the Youth). In the first half of the current year, a total of 8,237 applications for support have been filed and P...