Centrum Królewska offices in Warsaw fully leased out

Towarzystwo Funduszy Inwestycyjnych has leased over 500 sqm of office space in the Centrum Królewska building in downtown Warsaw with the deal having been brokered by Cushman & Wakefield. The office part of the property, which is located at the intersection of ul. Marszałkowska and ul. Królewska...

Locked content KGHM Q2 net profit shrinks to PLN 171 mln

Mining giant KGHM Polska Miedź recorded Q2 consolidated net profit of PLN 171 million compared to PLN 341 million a year ago.  The profit decline was mainly due to an increase in depreciation/ amortization, the recognition of provisions and lower result on the involvement in joint ventures, KGHM wro...

Locked content Sunday trade ban accelerates e-commerce growth

Sunday trade ban will accelerate penetration of e-commerce in Poland by 0.5 percent this year, by 0.9 percent in 2019 and by 1.2 percent in 2020, Haitong Bank estimated in a report. Most market participants expect that the ban’s impact will be limited, but e-commerce, service outlets, and smal...

Erbud with new contracts in Poznań and Kraków

Warsaw Stock Exchange-listed construction company Erbud has been appointed as the general contractor of a residential project that a subsidiary of developer Konimpex-Invest will develop on ul. Smoluchowskiego in Poznań. The scheme is scheduled to be completed in the first quarter of 2020 with the va...

Balmain gains full control over BSC companies

Balmain Asset Management has acquired more shares in BSC Real Estate Advisors and BSC Property Management, and now has a 100-percent stake in the BSC Group. BSC Real Estate Advisors, a company offering a wide range of real estate services, was established at the beginning of last year by Balmain Ass...

Locked content Enter Air looks to raise more money for two Boeing 737s

Charter airline Enter Air has filed a prospectus with the Financial Supervision Authority (KNF) for a rights issue of 2.3 million shares. The company hopes to raise PLN 60 million for the acquisition of two Boeing 737-8 MAX planes, which will join the firm’s fleet in Q4 2018. The new shares will com...

Locked content PKN Orlen pre-notifies EC on merger with Lotos

PKN Orlen sent complete analysis of the merger with Grupa Lotos to the European Commission (EC), as part of the pre-notification process – PKN Orlen CEO Daniel Obajtek informed. “We are in constant talks with the EC and we want to prove that the merger is not a threat to competition on t...

Locked content Erbud with two contracts worth PLN 73 mln

Construction company Erbud signed two contracts for construction work in Poznań and Kraków for a total sum of PLN 72.6 million, the company stated. The first deal is for a residential/service scheme in Poznań worth PLN 30.7 million, set to be completed in February 2020. The other contract is for the...

Locked content Sygnity with PLN 12 mln EBITDA and revenue at PLN 254 mln

IT firm Sygnity reported EBITDA of PLN 11.7 million after the first three quarters of the fiscal year 2017/2018. Adjusted for one-off items, EBITDA stood at PLN 21.3 million. The company has a backlog for 2017/2018 of PLN 335 million. After the first three quarters, revenue came in at PLN 254.2 mill...

Locked content Ostróda Yacht files with UOKiK for Delphia takeover

Yacht producer Ostróda Yacht has filed an application with the Office of Competition and Consumer Protection (UOKiK) for the acquisition of the Delphia Yachts Kot, the anti-monopoly watchdog stated. The application was filed on August 10. Ostróda Yacht is fully controlled by the Beneteau Group, acti...