Locked content German fund acquires Metropolitan

Deutsche Asset & Wealth Management has purchased the Metropolitan office building in Warsaw’s city center. The sum of the transaction has not been disclosed but according to market estimations the deal’s value stood at some €200 million. JLL and Cushman & Wakefield brokered the sale. The sel...

Locked content GTC to spend issue proceeds over 18 months

Property developer Globe Trade Centre (GTC) plans to spend proceeds from its upcoming share issue within 18 months from the offer’s completion, the company said in a draft EGM resolution published on Thursday. If the company does not manage to invest at least 90 percent of the proceeds over that tim...

Locked content Teleperformance Germany to launch SSC in Katowice

TPG Katowice, a subsidiary of Teleperformance, will open a new shared service center in Katowice offering IT support to outside clients. The firm leased 2,300 sqm of office space in building dubbed Alder, part of the GPP Business Park located within Katowice Special Economic Zone. The lease was brok...

Locked content Panattoni to build 11,000-sqm BTS for Delta Packaging

Panattoni Europe is launching construction of a 10,559-sqm built-to-suit production facility for Irish manufacturer of biodegradable packaging Delta Packaging. The plant will we built within Panattoni Park Gliwice III, located within Katowice Special Economic Zone. And close to the A1-A4 highway int...

Locked content Atrium buys Focus Mall in Bydgoszcz

Property manager Atrium European Real Estate has acquired the Focus Mall shopping center in Bydgoszcz, northern Poland, from Aviva Investors for €122 million, the buyer said in a statement on Monday. The takeover will be financed from the buyer’s own funds. It is subject to approval from the Office ...

Locked content Strabag Real Estate launches Astoria mixed-use project

Developer Strabag Real Estate has announced the launch of its Astoria office and retail project in Warsaw. The building will offer 28,000 sqm at ul. Przeskok in the center of the capital. Strabag’s construction unit will be the general contractor of the project. It has already started construction w...

Locked content Eiffage to build Fabryka Wołomin

Construction firm Eiffage Polska Budownictwo has signed a contract with PHW on the construction of the Fabryka Wołomin shopping mall near Warsaw, together with parking lots and infrastructure, the company said in a press release on Thursday. The construction is due to be completed in October 2015. F...

Locked content Adgar buys Cirrus building

Property investor Adgar has announced the acquisition of a new asset in Poland, the Cirrus office building in Warsaw’s Mokotów district. The seller was Castle Carbery Properties acting for  Mazovia Holdings II. The deal value was not disclosed. The Cirrus building will now be renamed Adgar Wave. It ...