Locked content Vantage sales up by 170% in Q1

Real estate developer Vantage Group sold 250 apartments in Q1 2016, compared to 93 in the corresponding period last year, the company announced. That means an increase of 168.8 percent on a yearly basis. The company’s target for 2016 is at least 700 sold units. Vantage Development is a real es...

Locked content Penta Investments lands €45 mln deal in Warsaw

Penta Investments has started the construction of the office building D48 in Mokotów, Warsaw. The total value of the investment amounts to €45 million. The building will have 8-11 storeys and a total area of 26,000 sqm. The facility will include both office space and a commercial area for services. ...

Locked content Union Investment acquires Ferio Konin

Rockspring Property Investment Managers LLP (“Rockspring”) has sold Ferio Konin shopping center (Wielkopolskie Voivodship) to Union Investment. The shopping center has 74 units over 38,585 sqm of retail space and 1,040 parking places. It is fully leased with an international tenant mix providing the...

Locked content BGŻ BNP Paribas to improve ROE to 10% by 2018

Poland’s eighth-biggest lender by assets BGŻ BNP Paribas, said in a filling that it wants to increase its ROE to around 10 percent, raise its share of the market in credits and deposits to five percent, and plans to increase its net banking income at a compound annual growth rate (CAGR) of 14 ...

Locked content Goodman expands Kraków Airport Logistics Centre

Industrial developer Goodman Group has commenced speculative construction of a 12,000 sqm warehouse at Goodman Kraków Airport Logistics Centre (“KALC”), the largest logistics investment in the Małopolska region. The facility will be handed over at the end of the second quarter of 2016. Kraków Airpor...

Locked content Murapol to build nearly 18,000 units in 3 years

Residential developer Murapol is planning to develop 17,700 apartments and service outlets over the next three years, Eurobuild CEE said quoting the 2015 report. “Murapol is planning to launch the sales for this number of apartments that will be completed in 2016–2018 and this process will probably ...