PKO BP won't sell Qualia

PKO BP, a state-controlled Polish lender, has not finalized the sale of real estate developer Qualia Development to one of Griffin Group's funds due to "a change in market conditions", propertynews.pl reported. The letter of intent signed in january was not binding. It also did not not include a price tag. Qualia's book value stood at around PLN 318 million at end-September 2014.