Locked content Macquarie to invest €500 mln in Poland – paper

Australian infrastructure investment fund Macquarie will form a €500 million fund for investments in Poland, sources with knowledge of the matter told business daily Puls Biznesu. “The fund will most likely be launched in mid 2015,” one of the sources said. According to the reports, Macquarie has al...

Locked content Atrium buys Focus Mall in Bydgoszcz for €122 mln

Atrium Real Estate has purchased Focus Mall in Bydgoszcz from Aviva Investors for €122 million. Consultancy CBRE advised the buyer said in the negotiations. “Investors are increasingly interested in regional commercial real estate markets, both large and smaller, recognizing their growing potential....

Locked content Total investment in SEZs to reach PLN 100 bln – KPMG

The total investment volume in Poland’s special economic zones over the 20-year period of their existence could reach PLN 100 billion in 2014, and the number of employees – 287,000, a 7.7 percent increase over last year’s employment, according to a report by consultancy KPMG. “According to the estim...

Locked content Orlen’s PLN 1.65 billion project greenlit by supervisory board

The supervisory board of Polish oil giant Orlen has agreed to the construction of a steam and gas co-generation plant with 600 MWe of power. The investment will cost PLN 1.65 billion and will be delivered in 2017. The company is close to signing the agreement with the general contractor for the proj...

Locked content Gov’t agency to spend PLN 3 billion on innovation by 2020

The Industrial Development Agency (ARP) has earmarked over PLN 3 billion for innovation, restructuring and investment as part of its new strategy until 2020, the Treasury Ministry said in a statement. The agency will invest some PLN 1.3 billion in fostering innovation alone. It will launch a technol...

Locked content CEE countries will need $1 trillion for infrastructure – S&...

Central and Eastern European countries will need up to $1.02 trillion for infrastructure before 2030, according to a report released by Standard & Poor’s Ratings Services. Poland is at the top of the list as it will require some $401 billion. The Czech Republic will need $150 billion and Romania...

Locked content Kapelanka 42 sold for €29 million

Skanska has sold its Kapelanka 42 office project, located in Kraków, to an SPV of REINO Dywidenda FIZ, a closed-end dividend real estate fund managed by REINO Partners. The value of the deal is €29 million. Kapelanka 42 is offers 11,700 sqm of office space and is 88 percent leased to tenants includi...

Market for risk-lovers

Until recently, prime properties were readily snatched up as soon as they had risen from the ground. However, times when new office and retail schemes were sold on the block may be coming to an end.