Construction on largest water park in CEE gets underway

Investor Global City Holdings has officially launched construction work on the first phase of its Park of Poland project in Mszczonów near Warsaw, which will involve the development of the largest water park in Central and Eastern Europe. Called Suntago Wodny Świat and valued at €150 million, the 67...

Ronson sells Nova Królikarnia in Warsaw for PLN 175 mln

Developer Ronson Europe has finalized the sale of the ongoing Nova Królikarnia residential project in Warsaw to investor Global City Holdings (GCH) for a total of more than PLN 175 million. Ronson will receive almost PLN 34.3 million in cash and nearly PLN 140.9 million in its own shares from GCH (u...

Locked content WSE excludes Global City shares

Due to the completion of a buyback of shares in multiplex cinemas, Global City Holdings was excluded from the Warsaw bourse on September 28, the company reported. As a result of transactions carried out between 22 and 28 September, Global City Holding along with dominant entities will have over 51 m...

Locked content Global City Holdings leaves WSE

The shareholders of the Dutch operator of multiplex cinemas, Global City Holdings, decided to withdraw all of its shares from the Warsaw Stock Exchange, ISBnews reported. Global City Holdings will leave the Warsaw bourse “immediately” after closing the current call for its shares. Subscr...

Locked content Global City profits down in 2014

WSE-listed Global City Holding (formerly Cinema City International) generated a consolidated net profit of €18.4 million in 2014, compared with €21.6 million in the previous year. The company’s operating profit amounted to €26.5 million, versus €38.7 million in 2013. Sales revenue stood at €62.5 mil...

Locked content OFEs against Global City withdrawal from WSE

As many as four Polish private pension funds (OFEs): PZU, Nordea, Aviva and ING, have signed a joint agreement to protect its minority shareholders’ rights in light of  the de-listing of Global City (GC) shares from the Warsaw Stock Exchange, the Polish Press Agency reported. In the OFEs’...

Locked content Global City Holdings to withdraw from WSE

The board of directors of the Dutch operator of multiplex cinemas, Global City Holdings, recommended a withdrawal of its shares from the Warsaw Stock Exchange, ISBnews reported. “The board is convinced that the withdrawal … will be in the company’s best interest,” the firm said in ...