Locked content Office developers postpone delivery

The volume of office stock delivered in Q3 was nearly 50 percent lower than that recorded in April-June of 2014, according to a report by consultancy Knight Frank. “The volume of newly completed schemes being lower than previously anticipated is also a result of some developers’ decisions, who verif...

Locked content Goodman delivers 40,000 sqm for new retail chain

Warehouse developer Goodman has completed a 39,700-sqm logistics center near Konin for a newly established grocery retail brand called market-Detal, which currently operate under the Polomarket brand. “In January 2015, market-Detal will start operating within the network of 170 grocery stores under ...

Locked content PHN plans bond issue

Real estate group Polski Holding Nieruchomości (PHN) plans to offer bonds in a several hundred million issue at the turn of February and March next year, the company’s CFO Włodzimierz Stasiak told ISBnews. PHN has already assessed the market and is now talking to banks, Stasiak said. The company’s C...

Locked content Orbis to complete asset purchase in Q1

Hotel operator Orbis is counting on finalizing the acquisition of assets from parent company Accor in the first quarter of 2015, the company’s CEO Gilles Clavie told ISBnews. “We will now be starting cooperation with managers from the countries [that the asset portfolio is in],” Clavie said. Orbis s...

Locked content PHN eyes acquisitions

Real estate group Polski Holding Nieruchomości (PHN) is analyzing several potential acquisitions of office projects, the company’s CEO Artur Lebiedziński told the Polish Press Agency in an interview. “They are office buildings located in Warsaw and other Polish major cities,” Lebiedziński said. “Not...

Locked content Deloitte leases 11,000 sqm in Q22

Consultancy and auditing firm Deloitte Poland has leased 11,000 sqm of office space in the Q22 office building currently being developed by Echo Investment in Warsaw’s city center. The tenant will relocate to its new office in Q2 of 2016. JLL represented Deloitte during the negotiations. Q22 is a 15...

Locked content Atal plans IPO in Q1 2015

Property developer Atal would like to debut on the Warsaw Stock Exchange in the first quarter of 2015, the company said in a statement on Friday. It has already submitted its issue prospectus to the Financial Supervision Authority. Atal will offer up to 6.5 million newly issued shares in the initial...

Locked content Sotheby’s International Realty launches Polish office

Sotheby’s International Realty, a worldwide luxury residential realty, opened its first office in Poland on November 6. The company will offer luxury apartments and houses as well as commercial properties. “We have been monitoring the market for some time now and I’m convinced this is exactly the ri...