Locked content Housing construction numbers inch down in H1 2014

The number of housing units completed in Poland in Q1-Q2 2014 amounted to 66,457, according to data published by the Central Statistical Office (GUS) on Monday. The figure was 2.2 percent lower than in the corresponding period of 2013. The average usable floor area of a dwelling was 104.8 square met...

Locked content JLL: Warsaw still needs investment in retail

Though the first half of this year was “very calm” for the retail property sector in the Warsaw agglomeration, the second will bring the launch of a number of new projects, according to Anna Wysocka, head of retail agency at JLL. In her opinion, there is still demand for new retail investments, of d...

Locked content PHN to build retail scheme in Łódź

Real estate group Polski Holding Nieruchomości (PHN) has announced the signing of a construction and leasing contract with an unnamed large Polish retail network. The developer will build a built-to-suit retail scheme for the network. The leasing agreement will be in force for at ten years from when...
Image : Capital Park

Locked content Erbud to build for Capital Park

Construction company Erbud has signed an agreement with Dakota Investments, a unit of Capital Park, and will be the general contractor of the Delta building in the Eurocentrum office complex. The contract value is PLN 22.41 million net. It may be increased by up to PLN 7.15 million net. The Eurocent...
Image : PHN

Locked content PHN sells Rakowiecka City

Real estate group Polski Holding Nieruchomości (PHN) has sold the Rakowiecka City office scheme to the Turkish Embassy in Poland, the company said in a news release on Thursday. The deal value was not disclosed. However, the property was sold at a price “higher than its book value,” PHN said. Rakowi...
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24/7 Communication

Locked content ECC to build shopping mall in Pruszków

ECC Real Estate is set to launch the construction of shopping center called Nowa Stacja in Pruszków, a southern satellite city of Warsaw. The mall, set to launch in 2016, will be the first shopping mall in the area. The mall will feature 25,000 sqm of GLA, housing 120 retail and service units. The E...

Locked content Rank Progress plans shopping malls sale

Rank Progress, a property investor, plans to sell several of its shopping centers and build and finalize other ones, ISBnews reported on Tuesday. The company will initiate the construction of the Aviator shopping mall in Mielec, south-eastern Poland, and open another one in Krosno. In H1 of 2014 Ran...
Image : Echo Investment

Locked content Echo to extend Galeria Sudecka

Developer Echo Investment will extend its Galeria Sudecka project by a 51,000 retail park, the company said in a statement on Monday. It has won a tender to acquire land necessary to build the unit. “The first stage of the retail park will include a 15,000 sqm Leroy Merlin store. In the second stage...
Karolkowa Business ParkImage : Asbud

Locked content Asbud buys Karolkowa Business Park

Development group Asbud has acquired 50 percent in Karolkowa Business Park in Warsaw from CPI, raising its stake in the project to 100 percent. The value of the deal has not been disclosed. The project is currently under development and is scheduled to be delivered in January 2015. It comprises 17,8...