Locked content BBI to build Centrum Marszałkowska

The Polish WSE-listed property developer BBI Development has finally been given a building permit that will allow the company to construct Centrum Marszałkowska multifunctional center, company informed. The scheme will be located in the very center of Warsaw next to Świętokrzyska subway stations. It...

Locked content Złota 44 sale won’t cover Orco’s losses

Orco Property Group, the developer on the Złota 44 project has released data showing losses in the first half of 2014. The sale of the Złota 44 project should lower the investor’s obligations by €47 million, but will not be enough to cover its losses long-term. The building was sold to Amstar ...

Złota 44 sold

The tallest European residential skyscraper, Złota 44, located in the very center of Warsaw, Poland, has been sold. The transaction value was €63 million, according to a report from BBI Development.

Locked content Rank Progress finalizes sale of mall to Immofinanz

Property developer Rank Progress has signed the final agreement on the sale of a shopping mall project in Piła, northwestern Poland, to Immofinanz Group for PLN 57.7 million net, the company said in a press release on Wednesday. Immofinanz has refinanced the outlays that Rank Progress has already ma...

Locked content Kraków Business Park may go on sale

Kraków Business Park (KBP), a bankrupt company operating one of the largest office complexes in Poland, may soon go on sale, reports Puls Biznesu. The asking price may be as high as PLN 360 million, covering the value of the company’s shares and its debt. “The court must approve the valuation and th...

Locked content Panattoni buys land for Poznań logistics park

Industrial property developer Panattoni Europe has purchased 18 hectares of land for a new logistics complex dubbed Panattoni Park Poznań IV, the company said on Monday. Construction of the first 35,000-sqm building may now be launched. Panattoni Park Poznań will be located in Komorniki near Poznań ...

Locked content P3 buys warehouses in Czech Republic

Logistics property developer PointPark Properties (P3) has agreed on the acquisition of a 627,000 sqm portfolio of warehouses and logistics grounds in the Czech Republic. The transaction value was €523 million. Tristan Capital Partners and VGP were P3’s advisors in the deal In the Czech Republ...

Locked content Por Property launches construction of The Tides scheme

Por Property Investment Group is about to launch construction on a mixed-use scheme in Warsaw’s Powiśle district, called The Tides. Construction will commence in early September and is scheduled to be completed in early 2016. The complex will be located on the bank of the River Vistula. One of the b...

Locked content GTC files for Galeria Północna permit

Developer GTC has filed for a building permit for Galeria Północna in Warsaw’s northeastern Białołęka district. The company is also working on a permit application for Galeria Wilanów, which is set to be built in the southern part of Warsaw. The mall in Białołęka will deliver 64,000 sqm of leasable ...