Locked content Henniger Investment to carry out scheme in Kraków

Henniger Investment is making preparations to develop an office and housing scheme in Kraków, the company reported. The peoject will be included in the retail and housing (220 apartments) complex dubbed Mieszkaj W Mieście (MWM). All of the buildings are to feature 52,000 sqm in total.  The first sta...

Locked content New Hilton by Hamilton to be developed in Łódź

Hilton Worldwide has signed a franchise contract with Polish VHM Hotel Management regarding the launch of a second Hilton by Hamilton hotel in Łódź on Piotrkowska street, a press release read. The construction work on a multifunctional building, including the hotel which is to feature 149 rooms, has...

Locked content Wikana wants to exceed 300 apartment sales in 2017

One of the largest real estate developers in the south-eastern Poland, Wikana expects to sell more than 200 apartments this year and is set to reach a level of 300 flats sold in 2017. In the period between Q1 and Q3, the company posted a net loss of PLN 1.98 million. It sold 156 flats and…

Locked content J.W. Construction to issue bonds worth PLN 120 mln

The board of managers at Polish real estate developer J.W. Construction has decided to issue PLN 120 million mid-term bonds, the company reported. The offer features 120,000 two-year securities, valued at PLN 1000 each. Maturity was scheduled for December 8, 2017. The bonds have a floating interest ...

Locked content Astris to develop office building in Kraków

Real estate developer, Astris has signed an investment loan for the construction of an office scheme in central Kraków, a press release read. Astris office building will feature eight stories and offer 12,800 sqm of GLA for office and warehouse purposes. The project is to be delivered in the second ...

Locked content Eurostat: 9.6% of Poles face housing cost overburden

As many as 9.6 percent of Poland’s population were confronted with housing cost overburden in 2014, meaning that they had to spend more than 40 percent of their disposable income on accommodation. It is lower than the EU average, which stood at 11.4 percent last year. The highest percent of po...

Locked content Lumen to be put on sale again?

Lumen office building located in central Warsaw may be once again put on sale, according to unofficial report by propertynews.pl. Unibail-Rodamco, the owner of the building has declined to comment on the matter. Lumen was introduced onto the market last year, talks with a potential investor were ini...

Locked content BBI Development sells part of Koneser scheme

Realty 3 Management sp. z o.o. Projekt Developerski 6 sp. k. (PD6), a subsidiary of BBI Development, has transferred the right of perpetual usufruct of two properties included in Centrum Praskie Koneser project to K-Invest 2, an SPV of Liebrecht&WooD, which is a co-investor in the scheme. The va...