Locked content Orco net loss significantly down

Real estate developer Orco Property Group generated a consolidated net loss of €23.62 million in 2014, compared with a net loss of €227 million a year earlier, the company announced in a press release. The company’s operating profit amounted to €25.96 million in 2014, versus a loss of €194.04 ...

Locked content GTC to sell Kazimierz Office Center for €42 mln

GTC GK Office, a subsidiary of Globe Trade Centre (GTC), has signed a preliminary agreement with Kazimierz Office Center, a subsidiary of GLL Real Estate Partners, to sell the Kazimierz Office Center project in Kraków for €42 million (PLN 171.74 million). The final deal will be signed when certain c...

Locked content Wikana to sell 300 apartments

Real estate developer Wikana wants to sell around 300 units this year, thus equaling its record set in 2011-2012, when it sold 322 and 297 apartments, respectively, Rober Pydzik, the CEO of the company announced. Pydzik said that the company’s target is to hand over 300 apartments this year an...

Locked content Buwog net loss at nearly €20 mln

WSE-listed Buwog reported a consolidated net loss of €17.26 million in Q3 of the financial year 2014/2015 (November 1 – January 31), the company announced in a report. The consolidated revenue from asset management stood at €34.86 million, while the revenue from real estate sale amounted to €1...

Locked content Atal puts 162 units on the market

Real estate developer Atal has begun the sale of 162 apartments in the second stage of the Oaza Wilanów project located in Warsaw, on the border of Wilanów and Mokotów districts. The second stage of the investment comprises two building with 162 apartments, with total space ranging from 39.24 sqm to...

Locked content Capital Park to sell Eurocentrum?

Real estate developer Capital Park has upheld that it may sell the Eurocentrum office complex in Warsaw. “The next stage of the Eurocentrum construction will be finalized in November. When the Alfa, Beta and Gamma buildings are 80 percent leased, we will mull the sale of the project,” sa...

Locked content Skanska begins new project in Warsaw

Real estate developer Skanska Residential Development Poland has begun the construction of the first stage of the Mickiewicza housing estate in Warsaw. The investment comprising 105 units is set to be finalized in Q4 2016. “The Mickiewicza project will have as many as 497 apartments constructe...

Locked content Ronson put more than 100 units on market

Real estate developer Ronson Development has put 127 apartments on the market in the City Link project in Warsaw, the company announced on Tuesday. The construction is set to begin in April and will be finalized in Q1 2017. In the first stage of the investment there will be 127 units, with total spa...