Regulator approves major joint-venture project in Wrocław

Poland’s Office of Competition and Consumer Protection (UOKiK) has approved of the plans of developers Vantage Development and Rank Progress to establish joint entities that will develop the first part of a large mixed-use project in Wrocław. In December last year, the developers announced their pla...

Vantage accumulating land for new Wrocław project

A subsidiary of developer Vantage Development has signed a preliminary conditional agreement for the acquisition of a developed plot of land located on ul. Buforowa in Wrocław where the company wants to develop around 300 apartments. Earlier this month, Vantage Development announced the signing of a...

Erbud to build Promenady Wrocławskie apartments for Vantage

A subsidiary of developer Vantage Development has selected builder Erbud as the general contractor of the eighth phase of its Promenady Wrocławskie residential project in Wrocław. The companies have signed two agreements for the construction of a total of three buildings in which a combined more tha...

Locked content Vantage buys plot in Wrocław to build 300 apartments

Developer Vantage Development concluded a preliminary purchase agreement of the perpetual usufruct rights to the property located in Wrocław’s Stabłowice district. It consists of about 2.3 hectares of built-up areas for a total price of PLN 8.75 million, Vantage said. The sales agreement shoul...

Locked content Vantage leaves WSE

Warsaw Stock Exchange has removed Vantage Development stock from its indices, after the company completed its buyout offer. Fedha, controlled by Vantage owner bought 15.1 million shares in the buyout offer out of 18.78 million (30.08 percent stake) it bid on. The initial price of PLN 3.25 was later ...

Locked content NN PTE sells its stake in Vantage Development

Pension fund manager Nationale-Nederlanden PTE sold off its entire 9.85 percent stake in WSE-listed real estate group Vantage Development. The transaction was a part of the tender offer for Vantage Development by Fedha, the developer’s subsidiary.. Fedha, bought 15.1 million shares in the buyo...

Locked content Vantage Development to introduce 669 apartments in H2

Real estate developer Vantage Group intends to put some 669 units on sale in H2 2016, board member Dariusz Pawlukowicz informed. “To date we have sold 530 units and we still have four months ahead and a good offer. I think we can definitely sell more than 200, so the plan for units sold in the...

Locked content Vantage Development to sell Delta 44 in Wrocław

A subsidiary of Vantage Development has approved an offer letter to sell an office building, Delta 44, in Wrocław. The price has been set at PLN 28 million net, but it may be corrected after the buyer runs a detailed analysis of the investment. The company said that the money from the transaction mi...

Locked content Vantage Development puts 195 units on Wrocław market

Real estate developer Vantage Group is beginning the sale of 195 apartments in the fifth stage of the Promenady Wrocławskie scheme located in Wrocław near the Odra river, the company announced. The housing estate will have six storeys with flats ranging from 35 sqm to 92 sqm. The project is to be co...

Locked content Vantage sales up by 170% in Q1

Real estate developer Vantage Group sold 250 apartments in Q1 2016, compared to 93 in the corresponding period last year, the company announced. That means an increase of 168.8 percent on a yearly basis. The company’s target for 2016 is at least 700 sold units. Vantage Development is a real es...