Echo sells Wrocław offices for €35.8 million

Investor Globalworth Poland has finalized its acquisition of the West Link office building in Wrocław from developer Echo Investment for €35.8 million. Completed in March this year, the building comprises more than 14,200 sqm of office space and has already been fully leased out. The property is occ...

Polnord buys land for new Warsaw project

Warsaw Stock Exchange-listed developer Polnord has signed preliminary agreements for the acquisition of two plots of land located near ul. Lazurowa in the Bemowo district of the Polish capital where it is planning a new residential project comprising approximately 16,800 sqm of usable space. The sch...

Warehouse property market still booming – JLL

A record 1.1 million sqm of warehouse space was leased in Poland in the first quarter of this year, which is the best Q1 result in the history of the Polish market, according to the latest report by JLL. The volume allows one to be optimistic about the prospects for the coming months, argued Tomasz ...

Locked content New Beskydy Tunnel Doubles Rail Capacity to Europe

By Jack Laurenson, managing editor of the Ukraine Business Journal Kyiv – The Beskydy Rail Tunnel, connecting Ukrainian train lines with the European Union and eliminating troublesome bottlenecks, officially opens today, ministers have confirmed. For decades, the old one-track tunnel was a vital tra...

PGZ joines multi-task aircraft construction program

Polska Grupa Zbrojeniowa (PGZ) joined the program for the construction of an innovative multi-task turboprop new generation ILX-34 – the armaments company said. According to PGZ, this is the first step towards the revitalization of the domestic aviation industry.

Locked content Consumer loans up PLN 1.47 bln m/m in April

The total value of consumer loans granted by banks increased by PLN 1.468 billion month-on-month in April reaching PLN 179 billion, NBP stated. The value of consumer loans denominated in foreign currencies decreased by PLN 122.1 million to a level of PLN 4.441 billion, while loans denominated in the...

Locked content BSH to build R&D center in Łódź for PLN 80 mln

German household goods producer BSH Group will invest PLN 80 million in a new R&D center in Łódź Special Economic Zone, comprising 10,000 sqm of lab space. The new center, which is set to be completed in mid-2019, will offer 200 jobs. BSH has six factories in Poland, three of which are located i...

Locked content Rainbow Tours wants to pay PLN 1.20 dividend per share

Rainbow Tours wants to allocate PLN 17.46 million or PLN 1.20 per share for dividend from 2017 profit  – the company said in draft resolutions for general shareholders, convened for June 20. The proposed dividend record date is June 27, and the payout date is July 11, 2018. The remaining part ...

EU grants financing for Baltic Pipe preparation stage

Polish and Danish gas operators signed an agreement on Thursday in Copenhagen with EU agency for innovation and grids for the co-financing of the Baltic Pipe gas pipeline. The maximum amount of EU financing available is €33.1 million, Gaz-System informed.