Locked content Residential developers with record results

Sales in the residential real estate sector hit record high in 2014, with six out of seven developers surveyed boasting an average surge of 40 percent year-on-year, according to a study conducted by daily Dziennik Gazeta Prawna. In one case the hike amounted to 127 percent. Very low interest rates w...

Locked content PKP chooses Semeco for Gdynia Międzytorze project

PKP has selected Semeko as a commercial partner for its mixed-use project in Gdynia. The estimated value of the project is PLN 700 million. The complex will be located in the Międzytorze area, next to a railway station in Gdynia’s city center. PKP wants to renovate the area and prepare it for a hous...

Locked content Orbis takes over Accor hotels in 6 CEE countries

Orbis has finalized the deal with its parent company Accor to take over a chain of 46 hotels in Central Europe based on new Master License Agreement. Orbis has signed a 20 year contract to run hotel business under Accor’s brand in CEE and SEE, with the license being exclusive for at least 10 y...

Locked content Mercure opens four-star hotel in Bydgoszcz

Mercure Hotels has opened its first hotel in Bydgoszcz, a four-star scheme dubbed Mercure Bydgoszcz Sepia. It operates under a franchising agreement with the Orbis hotel group. It features 90 rooms, including 23 single ones and 62 double ones, as well as four premium suites and an apartment with a v...

Locked content CBRE GI Fund acquires Ideal Idea Park

CBRE Global Investors announced that it has purchased Ideal Idea Park from BPH TFI investment fund for some €32 million. “It is our third acquisition in the area. Previously, we acquired Warsaw Distribution Center in December 2012 and Manhattan Business & Distribution Centre in November 2013. &#...

Locked content Skanska launches new office scheme in Poznań

Skanska Property Poland is about to start the construction of its second office investment in Poznań, dubbed Maraton. Phase one of the new scheme will be launched in January 2015 and completed in Q4 2016, the firm said. The Maraton project will feature over 25,000 sqm of office space within six floo...