Locked content Rossmann opens third distribution center

Cosmetics retail chain Rossmann has opened its third regional distribution center, located in Pyskowice, Upper Silesia. The 25,000-sqm warehouse cost PLN 70m million and took 11 months to complete. The center currently employs 230 people. The retailer opened its first distribution center in February...

Locked content MLP Group building 120,800 sqm of logistics space

Warehousing developer MLP Group said on Monday that it would build a total of 120,800 sqm of space for retail networks belonging to the Czerwona Torebka capital group. MLP Group is building warehouses for Merlin.pl, Małpka Express and Dyskont Czerwona Torebka.  The facilities are due to be completed...

Locked content Banks will lend more to real estate industry – KPMG

Banks have become more optimistic about Polish real estate since last year, as now 80 percent expect that their own portfolio will increase over the next 12-18 months, compared to 40 percent that forecast an increase last year. Currently only 20 percent of banks expect that their portfolio will rema...

Locked content Rank Progress closer to selling four malls

Rank Progress is close to finalizing the sale of four shopping centers, in Świdnica, Chojnice, Grudziądz and Oleśnica. It plans to sign the final agreements within the next few months, and is currently in talks about selling a fifth scheme, the planned mall Aviator in Mielec, the firm’s CEO told ISB...

Locked content Atalian to acquire Metro Properties Services

Facility management company Atalian Poland has filed a motion with the Office of Competition and Consumer Protection (UOKiK) for the acquisition of another industry firm Metro Properties Services, a subsidiary of the Metro Properties group, the watchdog informed. “The decision to sell MPS is part of...

Locked content BKK leases more space in Gdańsk logistics park

BKK, formerly LPP Tex, has signed a contract to extend its leased area fourfold in the Logistics Park Gdańsk-Kowale III, the facility’s operator 7R Logistic said in a press release on Tuesday. BKK has now leased an additional 20,700 sqm. The company has been present at Gdańsk-Kowale III for the past...

Locked content Construction market to rebound – PMR

After declines recorded in 2012-2013, the Polish construction market should grow in 2014 and continue the trend in 2015, according to a report by research firm PMR quoted by ISBnews. This year the sector should record one-digit growth, thanks to the sustaining of the present pace on construction sit...