Locked content PHN closer to privatization?

Two bidders have submitted offers for state-controlled real estate group Polski Holding Nieruchomości, according to sourced quoted by Forsal.pl. One of them is Grupa Radius, which confirmed the news. “The offer was submitted several weeks ago,” the company’s press office said. Radius had been intere...

Locked content Infosys BPO extends lease in record deal with Skanska

Infosys BPO Poland has signed a lease agreement with Skanska for more than 21,000 sqm in the Infosys Green Horizon office complex in Łódź. The deal covers new terms for the area already leased by Infosys and additional office space of 3,800 sqm. According to Cushman & Wakefield, which represente...

Locked content Housing construction numbers down in August

Developers and other investors completed 9,802 housing units in August 2014, 6.3 percent less than in July 2014 and 21.2 percent less than in August 2013, according to preliminary statistics published by the Central Statistical Office. Construction on 13,993 units was launched in August, percent 4 m...

Locked content BGK to co-finance Hala Koszyki

State-owned lender Bank Gospodarstwa Krajowego (BGK) has announced it would co-finance the redevelopment of Hala Koszyki in Warsaw by Griffin Group. BGK will provide a total of €81 million euro, including €60.84 million from the Polish Investments program, a loan from the EU-funded JESSICA program w...

Locked content Five developers shortlisted for Warszawa Główna

Poland’s state-owned railway group PKP has shortlisted five companies in its tender for the redevelopment of the Warszawa Główna station in Warsaw, the company said in a press release on Wednesday. Altogether six firms had submitted offers. The shortlisted developers are ECE Projektmanagement Polska...

Locked content Distribution Park Annopol expanded

Property investor and developer Hines Polska has announced the completion of a new warehouse at Distribution Park Annopol on ul. Daniszewska in Warsaw’s Białołęka district. The new unit adds 6,440 sqm of warehouse and 699 sqm of  office space. The facility’s main tenant is courier services company D...

Locked content C&W: Signs of revival on Polish property market

There are clear signs of revival on the Polish commercial property market, according to the newly issued “Marketbeat Poland – Autumn 2014” report by Cushman & Wakefield. Poland’s total retail property stock now exceeds 10 million sqm, the report said. An especially high rate of expansion was rec...

Locked content GTC plans share issue

The management board of property developer Globe Trade Centre (GTC) has recommended the issue of up to 140 million shares with drawing rights, the company said in a press release on Monday. The issue should be approved by an EGM on October 13. “GTC is in good shape to take advantage of the attractiv...

Locked content PHN to buy properties worth PLN 1 bln, plans bond issue

State-controlled real estate group Polski Holding Nieruchomości (PHN) plans office property purchases worth up to PLN 1 billion in its new strategy, the company announced on Thursday. “We will make use of outside financing [in the acquisition processes], so that the use of our funds does not exceed ...

Locked content High quantity of warehouse properties transactions

The number of transactions on the Polish warehouse property market will remain on a high level, said ISBnews agency on Thursday. In H1 of 2014, the market noted a 20 percent year-on-year increase, compared to the same period of 2013. The Polish warehouse property market is the fastest growing market...