Locked content Immofinanz expects €361,4 mln net losses

Investment and property developer Immofinanz expects a €361,4 millon net loss in the financial year 2014/2015, whereas last year it had net losses of €72 million.  This large increase is said to be due to the current economic situation in Russia which is shown by the pricing of Russian shopping cent...

Locked content Ghelamco’s Warsaw Spire 60% leased

Developer Ghelamco has signed two lease agreements with Adecco Poland and BNP Paribas Securities Services for 2,200 sqm  in Building B and Building C, respectively, in the Warsaw Spire complex, currently under construction in Warsaw’s Wola district. The scheme is now 60 percent leased. The project w...

Locked content Meyer Bergman to fully control Galeria Katowicka

Meyer Bergman, an owner of a 70 percent stake in Galeria Katowicka, has filed to anti-monopoly watchdog UOKIK for an approval to take over the remaining stake from PKP and Neinver. Galeria Katowicka was opened in H2 2013 and its total space amounts to 53,000 sqm. Neinver sold its stake in Factory An...

Locked content Polish office market maintains momentum – JLL

In H1, historically highest levels of office demand were recorded on the Polish market, according to international advisory company JLL. “H1 2015 was a very intense time on the Polish office market. Up to the end of June, gross demand in the country totaled 690,000 sqm, and the major markets o...

Locked content Motel One to enter Poland

German budget hotel chain, Motel One will likely debut on the Polish market in 2017, according to Propertynews.pl. The first facility will be developed in Warsaw, by Tamka street. Tamex is the investor of a 10,000 sqm scheme, the web portal reported. The hotel is to comprise 150 rooms. Motel One has...

Locked content Agro Brusno sells around 3,200 ha of land

Agro Brusno has signed a sale agreement regarding agricultural land totaling 3,200 ha located in several municipalities within the West Pomeranian voivodeship, near Połczyn-Zdrój. Both the buyer and the transaction’s value remain confidential. Experts from international company JLL advised Agro Brus...

Locked content Real estate developers issued more bonds in 2014 y/y

Last year, real estate developers operating in Poland issued bonds valued at nearly PLN 3.6 billion, which translated to a 32 percent increase compared with some PLN 2.73 billion in 2013, propertynews.pl reported. Costs of issuing bonds are similar to those bared while taking a loan. In addition, de...

Locked content Robyg do develop 980 units in Ursus

WSE-listed real estate developer Robyg has signed a preliminary deal to purchase a 5.3 ha plots of land in Warsaw”s Ursus district, the ISBnews agency reported. The transaction is valued at PLN 30.5 million. Robyg plans to develop some 980 apartments there. Ursus will be sixth Warsaw district ...

Locked content Apartments for Rent fund to offer 600 apartments

The Apartments for Rent Fund, launched in Q1 2014 by state-owned lender BGK, will have 600 flats available by the end of the year. Until now, 122 apartments in Piaseczno near Warsaw and 124 flats were included in the fund. “We would like to offer 600 apartments by the end of 2015. We are plann...