Locked content Erbud with PLN 22.4 million contract

Erbud has been chosen as the general contractor to build a housing project in Kraków carried out by real estate developer Echo Investment. The value of the contract stands at PLN 22.4 million and the project will be delivered by July 3, 2017. Erbud currently has a portfolio of ten projects worth PLN...

Locked content MLP sells logistic parks for €90 mln

A subsidiary included in industrial space developer MLP Group has signed two deals with WestInvest Gesellschaft für Investmentfonds to sell logistics parks MLP Bieruń and MLP Tychy, the company reported. The total value of the contracts stood at nearly €90 million, roughly PLN 380 million. MLP Bielu...

Locked content Echo Investment issued bonds worth PLN 230 million

Echo Investment raised PLN 230 million by issuing bonds, the money is earmarked for the redemption of bonds maturing next year, the company said. The new bonds have a floating interest rate that will be determined based on the WIBOR 6M interest rate plus investors’ markup. PLN 1,000 is the val...

Locked content Dom Development close to buying land worth PLN 100 mln

Real estate developer Dom Development is close to acquire three plots of land in Warsaw worth PLN 100 million, said deputy CEO and financial director Janusz Zalewski. As many as 1,000 apartments are expected to be built if the transaction is concluded. In total, the company would have land allowing ...

Locked content JLL with the largest market share

International advisory firm JLL summarized and analyzed all office lease transactions completed during the first three quarters of 2015. Over 1 million sqm of office space was leased in Poland between Q1 and Q3 2015. It is over 340,000 sq  more than in the corresponding period of 2014 and 280,000 sq...

Locked content Skanska launches Maraton scheme in Poznań

Skanska Property Poland has laid the cornerstone for the Maraton office building, the company’s second investment located in the city center of Poznań, a press release read. Phase one of the new scheme will be launched in January 2015 and completed in Q4 2016, the firm said. The Maraton project will...

Locked content Plac Vogla open

Ghelamco launched its first convenience center Plac Vogla, on Thursday, October 22. The project is located in Wilanów, one of Warsaw’s fastest growing residential districts, which thus far doesn’t have any major retail schemes. Plac Vogla will feature 5,000 sqm within 30 stores. The scheme wil...

Locked content Home prices grew 0.55% y/y

The home price index tracking home sales transactions grew 0.55 percent in September y/y and 0.02 percent on a monthly basis, according to a report by Home Broker and Open Finance. “Since June 2013, the index has remained at a level of 800-825 points,” a statement read. “In the las...

Locked content Lokum Development suspends IPO

Real estate developer Lokum Deweloper said on Wednesday that it is suspending  its Initial Public Offering, the value of which was expected to reach PLN 100 million. “The new date will be announced publicly within 30 days from the date of approval of this annex,” a statement read. Subscr...

Locked content Schneider to buy production hall in Złotoryja

Schneider has purchased a production hall from Wienerberger. The hall is located near Złotoryja in the Legnica Special Economic Zone. In December 2015, the company will launch production of steel baskets and containers aimed at transportation and storage distribution mainly on the German market. The...