Locked content Rank Progress closer to selling four malls

Rank Progress is close to finalizing the sale of four shopping centers, in Świdnica, Chojnice, Grudziądz and Oleśnica. It plans to sign the final agreements within the next few months, and is currently in talks about selling a fifth scheme, the planned mall Aviator in Mielec, the firm’s CEO told ISB...

Locked content CBRE: High property investment value in Poland

The Polish property market continues to attract investors with total investment value in January-September 2014 at €1.8 billion, according to a recent report published by consultancy CBRE. “Poland is the most active country on the CEE commercial real estate market,” said Joanna Mroczek, head of cons...

Locked content German fund acquires Metropolitan

Deutsche Asset & Wealth Management has purchased the Metropolitan office building in Warsaw’s city center. The sum of the transaction has not been disclosed but according to market estimations the deal’s value stood at some €200 million. JLL and Cushman & Wakefield brokered the sale. The sel...

Locked content EU to consider new financing instruments – Szczurek

EU member states and the European Investment Bank will use the next one or two months to assess investment projects and consider whether any additional financial instrument is needed, Finance Minister Mateusz Szczurek said after returning from a sitting of the Economic and Financial Affairs Council ...

Locked content Office investment deals at €700 million in H1 2014

Office properties dominated the investment market in Poland in the first half of 2014, with the deal volume in this segment accounting for over 50 percent of the total investment value of €1.4 billion, real estate advisory DTZ wrote in a report. The retail sector came in second, with a 26 percent ma...

Locked content PKP plans PLN 9 billion worth of real estate investments

Polish railways PKP is planning investments in Poland’s major cities: Warsaw, Wrocław, Kraków and the Tri-City, whose total value is estimated at PLN 9 billion. “We will be one of the leading players in the Polish real estate market,” Jarosław Bator, managing director responsible for PKP’s real esta...

Locked content Prologis buys two warehouses from Invesco

Prologis purchased two logistics facilities, one in Poland and one in Hungary, from Invesco Real Estate. The value of the deal was not disclosed. The portfolio totals 94,200 sqm and is fully leased for an average term of 6 years. The property in Gliwice, Upper Silesia, Poland, comprises 56,700 sqm a...

Warsaw gets PLN 1 bln loan from EIB

The European Investment Bank has granted a PLN 1 billion loan to Warsaw, the lender said in a press release on Tuesday. The funds will be spent on city infrastructure upgrading projects.