Locked content Hines with building permit for 30,000-sqm Proximo

Developer Hines has obtained a final building permit for the construction of a 28,385-sqm class A office scheme dubbed Proximo. It will be located at the intersection of ul. Prosta and Przyokopowa, near the Rondo Daszyńskiego subway station in Warsaw’s Wola district. The building is scheduled to be ...

Locked content Invesco in talks to buy Plac Unii

US-based investment firm Invesco has the exclusive right to purchase office project Plac Unii from developers BBI Development and Liebrecht & Wood, Emil Górecki from daily Puls Biznesu tweeted. The talks are in early stages. Plac Unii offers 41,300 sqm of class A+ office space, completed in late...

Locked content Gdański Business Center building A delivered

HB Reavis has announced the delivery of building A in its Gdański Business Centre office complex in Warsaw. Phase I of the project has now been completed, the company said in a press release. Building A comprises more than 30,000 sqm of office space. The first tenant, Provident will move into the bu...

Locked content Warsaw up in office cost ranking

Warsaw came in 60th in the latest ranking of the most expensive office locations carried out by advisory CBRE, with occupancy cost at €35.56 per sqm per month. “Despite rent decline in Warsaw seen over the past few quarters, Poland’s capital has improved its position in the ranking by 3 points, main...

Locked content High-rise residential scheme in Wola by 2015

Atlas Estates is to develop a third tower next to the Hilton Hotel in Warsaw’s Wola district, as reported by ISBnews. Market research shows interest in a residential project at this location, according to Atlas representatives. Indeed, the new tower will mainly house residential apartments. Th...

Locked content Budimex to build more homes in Kraków

Budimex Nieruchomości began the construction of its new housing project, Nowe Czyżyny in Kraków, ISBnews reported. The net value of the project is around PLN 300 million and includes 1374 residential units nearby the former Czyżyny airfield, east of central Kraków. The project is financed by Budimex...

Locked content Lower return on investment in the rental market

A report released by Home Broker stated that investing in homes for rent is not profitable anymore. In five out of seven cities surveyed, the profitability of rentals has fallen. This includes Warsaw, Kraków, Gdańsk and Łódź. Warsaw is still the most profitable location and offers a 5 percent annual...