Locked content Residential developers with record results

Sales in the residential real estate sector hit record high in 2014, with six out of seven developers surveyed boasting an average surge of 40 percent year-on-year, according to a study conducted by daily Dziennik Gazeta Prawna. In one case the hike amounted to 127 percent. Very low interest rates w...

Locked content PKP chooses Semeco for Gdynia Międzytorze project

PKP has selected Semeko as a commercial partner for its mixed-use project in Gdynia. The estimated value of the project is PLN 700 million. The complex will be located in the Międzytorze area, next to a railway station in Gdynia’s city center. PKP wants to renovate the area and prepare it for a hous...

Locked content Apartment sales up 20% in 2014

Apartment sales in Poland’s six largest cities was 20 percent higher in 2014 than in 2013, according to Reas. Developers have also filed for more building permits than a year ago. The increase in sales did not translate into a higher credit activity for banks, as at least some of the purchases were ...

Locked content Lokum Deweloper plans IPO in H2 2015

Wrocław-based residential property development firm Lokum Deweloper would like to debut on the main market of the Warsaw Stock Exchange in the second half of 2015, the company’s CEO Bartosz Kuźniar was quoted as saying by ISBnews. “We have started preparing for a debut on the main market of the Wars...

Locked content Housing construction numbers up in y/y terms

Developers and other investors completed 13,298 housing units in November 2014, 5.7 percent less than in October 2014 and 5.6 percent more than in November 2013, according to preliminary statistics published by the Central Statistical Office on Wednesday. Construction on 10,527 units was launched in...

Locked content Inso to complete the Złota 44 scheme

Italian construction company Inso has been appointed once again to complete the Złota 44 residential tower. The firm has signed an agreement with the new owners of the scheme, BBI Development and Amstar, which acquired Złota 44 from Orco in August. Inso was the building’s general contractor al...

Locked content Apartments for Rent fund buys its first property

The Apartments for Rent Fund, launched in Q1 2014 by state-owned lender BGK, has acquired its first apartment block, located in Poznań. The property contains 124 apartments of 23-72 sqm. The fund did not disclose the deal value, nor the rent levels for the units. The first tenants will be able to mo...

Locked content Vantage Development moves outside Wrocław

Developer Vantage Development had purchased a plot of 0.76 hectares in Warsaw’s Mokotów district designated for residential development. The developer wants to build an estate comprising 300 apartments with retail/service functions. This will be the firm’s first development on the Warsaw market. Thu...

Locked content Housing construction numbers steady in October

Developers and other investors completed 14,097 housing units in October 2014, 23.2 percent more than in September 2014 and 2.4 percent less than in October 2013, according to preliminary statistics published by the Central Statistical Office on Wednesday. Construction on 14,451 units was launched i...