JLL: slow pace for retail market in Q1

After the busy end of 2016, Q1 2017 was rather quiet in terms of new completions of retail projects. The market grew by only a mere 36,800 sqm, including two extensions of existing projects and two developments of stand-alone retail warehouses, JLL said in its report.

Panattoni completes 32,000-sqm logistics center for Decathlon

Industrial space developer Panattoni Europe has completed a 32,000-sqm logistics center project in Łódź, which will be occupied by sporting goods retailer Decathlon and will service both the brick-and-mortar stores and the online store of the company. The scheme is located near the Panattoni Park Łó...

i2 Development launches new residential project in Wrocław

Developer i2 Development has launched construction work on the first phase of its Awicenny residential project in Wrocław. The scheme will offer a total of 267 apartments in three phases, with the first two buildings of the development comprising a combined 104 homes. The developer expects to secure...

Prologis announces major Silesia lease deals

Industrial space developer Prologis has signed three lease deals for a total of 57,700 sqm at its logistics parks in Silesia. DHL has renewed its agreement for 44,600 sqm at Prologis Park Dąbrowa, while Polonia Logistyka leased an additional 9,300 sqm at Prologis Park Będzin II. For its part, Moto P...

EPP raises €150 mln for Polish acquisitions

Johannesburg Stock Exchange-listed investor Echo Polska Properties (EPP) has raised approximately €150 million through the placing of 118 918 918 new shares. The company, which is focused on investment in commercial property in Poland, will use the newly raised capital to finance its previously anno...

BGK suspends accepting MdM applications

State-run lender BGK has suspended accepting application for the Apartments for the Youth (MdM) scheme for 2018 as the demand has reached 50 percent of the allocated funds. “The limit for 2018 stands at PLN 762 million, while PLN 381 million has already been reserved,” BGK said. The remaining funds ...

Poland secures 220 ha of land for its housing program

According to deputy Minister of Infrastructure, Kazimierz Smoliński, Poland has secured land bank for building 20,000 apartments in its Mieszkanie+ rental and rent-to-own housing scheme. “So far over 70 letters of intent have been signed on the area of 220 ha, which translates to nearly 20k apartmen...
Image: J.W. Construction

Hanza Tower in Szczecin under construction again

After a four-year break, Warsaw Stock Exchange-listed developer J.W. Construction has re-launched construction work on its Hanza Tower mixed-use project in Szczecin in north-western Poland. The 30-floor scheme, which will be the tallest building in this part of the country, is now scheduled to be co...