Locked content Atal plans IPO in Q1 2015

Property developer Atal would like to debut on the Warsaw Stock Exchange in the first quarter of 2015, the company said in a statement on Friday. It has already submitted its issue prospectus to the Financial Supervision Authority. Atal will offer up to 6.5 million newly issued shares in the initial...

Locked content Sotheby’s International Realty launches Polish office

Sotheby’s International Realty, a worldwide luxury residential realty, opened its first office in Poland on November 6. The company will offer luxury apartments and houses as well as commercial properties. “We have been monitoring the market for some time now and I’m convinced this is exactly the ri...

Locked content PKO could close the deal on Qualia by end 2014

Poland’s largest lender PKO BP could finalize the sale of its subsidiary developer firm, Qualia Development, by the end of Q4 2014, said Paweł Borys, the company’s strategy and investment director. “The process is in progress. We shortlisted investors in September and we are carrying out negot...

Locked content Cedet gets Polish Investments loan

State-owned Bank Gospodarstwa Krajowego (BGK) has announced it would provide an €56.5 million loan to Immobel for the redevelopment of the Cedet building in downtown Warsaw. The financing comes from the Polish Investments program. The retail and office scheme is located on Al. Jerozolimskie and ul. ...

Locked content 31 new brands entered Poland in 2013 – CBRE

As many as 31 new brands entered the Polish market in 2013, more than in 2012 (30) and a year earlier (24), according to a report by real estate consultancy CBRE. Despite strong saturation, foreign brands are still interested in entering Poland, which continues to be the retail leader in the CEE reg...

Locked content Kapelanka 42 sold for €29 million

Skanska has sold its Kapelanka 42 office project, located in Kraków, to an SPV of REINO Dywidenda FIZ, a closed-end dividend real estate fund managed by REINO Partners. The value of the deal is €29 million. Kapelanka 42 is offers 11,700 sqm of office space and is 88 percent leased to tenants includi...

Locked content BBI signs development agreement for Złota 44

BBI Development has signed a development agreement for the Złota 44 residential project in Warsaw, the company said in a statement on Friday. Pursuant to the agreement, the company is obliged to manage the almost completed investment, choose a general contract, sell apartments and commercialize reta...