Echo finalizes €360 mln takeover of four M1 shopping centers

Listed on the Johannesburg Stock Exchange Echo Properties Polska completed the takeover of four M1 shopping centers with 194.4k sqm of GLA for €358.7 million, the company said in a market filing. This is the first part of the bigger, €692 million deal in which EPP will buy eight M1 centers and four ...

Golub GetHouse buys land for residential skyscraper in Warsaw

Developer and investor Golub GetHouse has acquired over 5,370 sqm of land located near the intersection of ul. Żelazna and ul. Grzybowska in the Wola district of Warsaw where it plans to build a 140-meter residential skyscraper project comprising approximately 450 rental apartments. Called Liberty T...
Image: Newbridge

Newbridge acquires third retail park in Poland

Investor Newbridge, part of the Somerston Group, has acquired a 2,700-sqm retail park in Grodzisk Mazowiecki near Warsaw, which is the third asset in the company’s portfolio. The property was completed in 2016 and its main tenants include Piotr & Paweł, Rossmann, CCC and Pepco. DLA Piper and Arc...

Dom Development: almost 4,000 units sold in 2017

Warsaw Stock Exchange-listed Dom Development sold a record 3,975 units last year, which marks a 45-percent increase on 2016 when the residential developer offloaded 2,735 units, according to preliminary data released by the company. The figure includes 581 units sold by Tri-city developer Euro Styl,...

Mostostal Warszawa to renovate historic properties in Łódź

The municipal authorities of Łódź have contracted Warsaw Stock Exchange-listed builder Mostostal Warszawa to renovate and remodel a complex of historic buildings located on ul. Tuwima in the city’s center. Apart from the renovation of a major tenement house, the project will involve the demolition o...

Archicom trumpets record 2017 apartment sales

Warsaw Stock Exchange-listed developer Archicom sold 1,431 units in 2017, which marks a 51.9-percent increase y/y. This is the best apartment sales result to have been achieved by the company in its 30-year history. In the final quarter of last year alone, the Archicom group (which last July finaliz...

Lokum apartment sales surge in 2017

Warsaw Stock Exchange-listed developer Lokum Deweloper sold 401 units in the final quarter of last year, which marks a significant increase upon the same period of 2016 when the company offloaded 224 units. In the entire year 2017 Lokum Deweloper sold 1,052 units, compared with 645 units in 2016. At...
Image: PHN

PHN launches Yacht Park project in Gdynia

General contractor Korporacja Budowlana Doraco has started construction work on the first phase of the Yacht Park residential project, which state majority-owned, Warsaw Stock Exchange-listed investor Polski Holding Nieruchomości (PHN) is now developing in Gdynia on the Baltic coast. The builder wil...
Image: Heitman

Lease renewals at Marynarska Business Park in Warsaw

Two long-term tenants – Ford Polska and FCE Bank – have renewed their lease agreements for a total of almost 1,800 sqm of office space at the Marynarska Business Park complex in Warsaw. The companies were advised by Cushman & Wakefield during the lease negotiations, while Heitman – the owner of ...