Image : Skalar Office

Poznań office market with 64,100 sqm leased in 2016 – JLL

After 2015’s record-breaking performance, when demand for office space in Poznań totaled 64,900 sqm, 2016 closed with a result of 64,100 sqm. An interesting trend in 2016 was the increased share of pre-let agreements in overall demand – much higher than in previous years, according to a recent...

Warsaw to show a strong presence at MIPIM fair in Cannes

Like in previous years, the City of Warsaw is going to showcase it municipal land offer and woo real estate investors at the MIPIM international property fair, which starts in Cannes, France on March 14. Warsaw City Hall will this year be welcoming visitors at an enlarged, 105 sqm stand where ten of...

Cornerstone laid for Granaria mixed-use project in Gdańsk

A cornerstone-laying ceremony has recently been held at the construction site of the Granaria mixed-use project in Gdańsk, which will involve the development of a total of approximately 60,000 sqm of office, retail and residential space, as well as a 13,700 sqm, Holiday Inn-branded hotel with 236 ro...

Mieszkanie+ Fund to be floated on the WSE

According to the deputy CEO of state-run lender BGK, the fund Mieszkanie+ will be floated on the Warsaw bourse “in the long run” without specifying any dates. “There will be many forms of financing, starting with PLN 4 billion of BGK funds,” Włodzimierz Stasiak said. Other forms will include debt fi...
Image: Echo Investment

EPP, Echo Investment acquiring Galeria Młociny mall in Warsaw

Dutch real estate investment company Echo Polska Properties (EPP) and Warsaw Stock Exchange-listed developer Echo Investment are in the process of acquiring the under-construction Galeria Młociny shopping center project located in the northern Bielany district of the Polish capital from Rosehill Inv...

Retail vacancies drop to 7.2% in Radom – Colliers

Vacancies in the Radom retail market dropped to 7.2 percent at the end of 2016, compared to 9.3 percent a year earlier, according to a recent report by Colliers International. Renewals and renegotiations constituted the bulk of tenant activity in 2016. The biggest lease was Carrefour’s new dea...

Locked content Echo Polska Properties with €3.14 profit per share

Echo Properties Polska (EPP), REIT-like investment vehicle minority owned by WSE-listed Echo Investment, had a €3.14 profit per share in the last four months of 2016. The result exceeded by 2.2 percent forecasts presented before its market debut. “Asset management initiatives and the accretive benef...

Pradera launches European retail parks fund

Retail property fund and asset manager Pradera has announced the first closing of the Pradera European Retail Parks fund, which, in a €900 million transaction agreed with IKEA Centres, is to acquire a total of 25 retail parks located next to IKEA stores in eight countries across the continent. The p...