Locked content Budimex net profit at PLN 74.7 mln

Listed construction firm Budimex, a unit of Spain’s Ferrovial, recorded a net profit of PLN 235.5 mln in 2015, versus PLN 191.97 million in 2014, the company informed. The group’s operating profit rose 31.4 percent to PLN 292.2 mln, compared with PLN 247.3 million a year before. Consolid...

Locked content Robyg introduces 140 apartaments in Warsaw

Robyg Group has put 140 apartments on the market in the Stacja Nowy Ursus investment. In the first stage of the estate apartments in sizes from 28 sqm to 78 sqm are available. “Stacja Nowy Ursus is a modern residential complex which is planned for young and dynamic people – all apartments qual...

Locked content Amazon sells its logisitcs center for €70 mln

E-commerce giant Amazon has sold its Wrocław-Bielany logistics center to GLL Real Estate Partners for €70 million. “Amazon is committed to creating long-term jobs in Poland and this transaction does not impact our commitment to the Polish market. We already operate this type of lease structure...

Locked content Caleum possible seller of nine Polish properties

American investment fund Caelum was a possible seller of nine properties located in Poland acquired by Castlelake, according to propertynews.pl web portal. The portfolio included, among others, Centrum Familia in Gdańsk and Stara Cegielnia in Szczecin, 55,000 sqm in total, propertynews.pl reported, ...

Locked content Gestamp leases 3,300 sqm in Goodman’s facility

Goodman Group, an expert in industrial real estate, has leased an additional 3,300 sqm of warehouse space to Gestamp, a manufacturer of metal automotive components, a press release read. The new agreement increases the total area occupied by Gestamp at the Goodman Wrocław IV Logistics Centre to 22,7...

Locked content Galeria Karuzela in Września to be open in May

The opening of shopping mall Galeria Karuzela in Września, a city in western Poland with a population of 28,000, has been scheduled for mid-May, according to a press release. The building is 96 percent leased. Construction work began at the end of 2014. The investor behind the scheme is Lublin-based...

Locked content Vantage Development sells commercial center

Real estate developer Vantage Development has signed an initial deal to sell a 100 percent stake in its subsidiary VD RETAIL II, which carried out the Galaktyka commercial center in Wrocław. The company expects to sign a final contract by May 15, the developer said in a statement. “The sale of...

Locked content Retail space supply at 650,000 sqm in 2015

New retail space supply in Poland totaled nearly 650,000 sqm in 2015, according to Cushman & Wakefield’s latest report. Next year, the supply is to increase to 700,000 sqm. In 2015, new retail supply reached around 650,000 sqm, of which 85 percent (551,000 sqm) was delivered in traditional shopp...