Locked content Housing construction numbers up in September

Developers and other investors completed 11,39 housing units in September 2014, 16.7 percent more than in August 2014 and 6.7 percent more than in September 2013, according to preliminary statistics published by the Central Statistical Office on Friday. Construction on 15,070 units was launched in S...

Locked content Panattoni to build another plant for Pilkington

Panattoni Europe has been selected in a tender to build a 10,530-sqm production hall in Chmielów, south-eastern Poland, for Pilkington Automotive Poland, a major manufacturer of glass for the automotive industry. This is the developer’s second project for the glass manufacturer – in 2012 Panattoni c...

Locked content Metropolitan’s deal value disclosed

The purchase price for the Metropolitan office building in Warsaw was close to €190 million, the buyer of the scheme, Deutsche Asset & Wealth Management, said in a statement. The acquisition puts the value of the fund’s Polish portfolio at over €1 billion. The building was delivered in 2003. Las...

Locked content Building C of Enterprise Park in Kraków completed

Office developer Avestus Real Estate has delivered phase two of its Enterprise Park office complex in Kraków. The building, dubbed “C,” offers 14,000 sqm of space and is already 95 percent leased. The company has also announced that it is about to launch the development of the third stage of the pro...

Construction industry out of the woods – Deloitte

After several years of recession and a great number of bankruptcies, the construction business is finally on the mend. The nine largest WSE-listed construction companies saw a revenue increase by 6 percent year-on-year. In total they recorded PLN 7.2 billion in H1 2014, against PLN 6.8 billion in th...

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...