Locked content Ronson chooses Karmar for the 3rd stage of City Link

Karmar has been chosen as the general contractor of the third stage of the City Link estate in Warsaw’s Wola district. Ronson Development, the developer of the project, is carrying out the first two stages at the junction of ul. Skierniewicka and ul. Wolska. The third stage will involve the construc...

Locked content Immofinanz granted PLN 150 mln loan by German bank

German bank Deutsche Pfandbriefbank provided real estate developer Immofinanz with a €34 million (PLN 147 million) loan, the company informed in a market filing. These funds will be directed to refinance the Nimbus office scheme, completed in 2014. Nimbus Office offers over 19,000 sqm of class-A off...

Locked content Housing construction numbers down in July

Developers and other investors completed 12,195 housing units in July 2016, 5.4 percent less than in July 2015, according to statistics published by the Central Statistical Office (GUS). Year-to-date completions amounted to 85,848 units, 11.7 percent growth y/y. Building permits were issued for18,33...

Locked content Polish developer GTC debuts on African JSE

Real estate developer Globe Trade Centre (GTC) has announced that it debuted on the largest African market of the Johannesburg Stock Exchange (JSE) on August 18, becoming the first Polish inward listed company on the JSE. The capitalization amounted to €3.4 billion. GTC portfolio is valued at €1.3 b...

Locked content Budimex net profit at PLN 146 mln in H1

Real estate developer Budimex recorded a net profit of PLN 146.07 million in H1 2016, compared with PLN 106.59 million in the corresponding period last year, the company informed in a market filing. The company’s operating profit totaled PLN 178.27 million, versus PLN 128.78 million in H1 2015...

Locked content Erbud signs a contract for over PLN 104 mln

Polish construction group Erbud has signed a conditional PLN 104 million deal for the construction of an office building on Piotrkowska street in Łódź, the company informed in a market filing. The scheme is to be delivered by July 31, 2018. The deal is conditional on investor’s being granted f...

Locked content Dom Development puts 119 units on the market

Real estate developer Dom Development is beginning the sale of 119 apartments in Wille Taneczna scheme, located in Warsaw’s Ursynów district, the company informed in a statement. The housing estate will have twelve multi-family buildings (2 storeys each) and is to be completed in Q4 2017. The ...