Locked content GTC’s share issue still not approved

The EGM of property developer Globe Trade Centre (GTC), held on Monday, failed to approve the planned issue of 140 million shares due to a lack of quorum, the company said. CEO Thomas Kurzmann said that the management board upholds the plan. “Perhaps the shareholders need more details on why it is i...

Locked content Galeria Karuzela in Września greenlit

Shopping mall Galeria Karuzela in Września, a city in western Poland with population of 28,000, has been granted a building permit. Construction is set to launch be the end of 2014. The investor behind the scheme is Lublin-based retail and residential developer MGC Inwest, known for projects like th...

Locked content German fund acquires Metropolitan

Deutsche Asset & Wealth Management has purchased the Metropolitan office building in Warsaw’s city center. The sum of the transaction has not been disclosed but according to market estimations the deal’s value stood at some €200 million. JLL and Cushman & Wakefield brokered the sale. The sel...

Locked content GTC to spend issue proceeds over 18 months

Property developer Globe Trade Centre (GTC) plans to spend proceeds from its upcoming share issue within 18 months from the offer’s completion, the company said in a draft EGM resolution published on Thursday. If the company does not manage to invest at least 90 percent of the proceeds over that tim...

Locked content Teleperformance Germany to launch SSC in Katowice

TPG Katowice, a subsidiary of Teleperformance, will open a new shared service center in Katowice offering IT support to outside clients. The firm leased 2,300 sqm of office space in building dubbed Alder, part of the GPP Business Park located within Katowice Special Economic Zone. The lease was brok...

Locked content Panattoni to build 11,000-sqm BTS for Delta Packaging

Panattoni Europe is launching construction of a 10,559-sqm built-to-suit production facility for Irish manufacturer of biodegradable packaging Delta Packaging. The plant will we built within Panattoni Park Gliwice III, located within Katowice Special Economic Zone. And close to the A1-A4 highway int...

Locked content Atrium buys Focus Mall in Bydgoszcz

Property manager Atrium European Real Estate has acquired the Focus Mall shopping center in Bydgoszcz, northern Poland, from Aviva Investors for €122 million, the buyer said in a statement on Monday. The takeover will be financed from the buyer’s own funds. It is subject to approval from the Office ...