PSN has reached a milestone in base building construction at the Ahoj Vanguard development project in Modřany, Prague. Close to the apartment building, the conversion of the former Microna factory into Vanguard loft housing is also nearing completion.

Solida Capital Europe announced the acquisition of the Grójecka 5 office building in the centre of Warsaw, spanning approximately 11,500 gross leasable area. The price has not been disclosed.

EPP and Echo Investment have secured a loan of €145.2 million for the new financing of the Galeria Młociny shopping centre located in Warsaw. Erste Bank Group AG (Austria), Rand Merchant Bank, a division of FirstRand Bank Limited (Republic of South Africa) and Santander Bank Polska (Poland) acted as arrangers of the new credit facility, with Santander Bank Polska also acting as Facility Agent, Security Agent and Account Bank.

Marriott International, Inc., announced its plans to expand its portfolio in Poland with the expected addition of more than 10 properties in the next few years, including the debut of two brands - Le Méridien and Element Hotels by Westin - in the market. The anticipated openings will further enhance the company’s footprint in the country, where it currently has a portfolio of 24 properties and over 4,500 rooms across 12 brands and eight cities - Warsaw, Sopot, Kraków, Poznań, Katowice, Wrocław, Gdynia and Szczecin. 

Panattoni has been granted financing to develop a factory for global lighting producer Trilux. The loan of €18.3 million was granted by Alior Bank.

InteRo Property Development, owned by the Canadian Topolinski Family, has planned investments in northern Bucharest that will exceed €170 million.

Hungarian property developer and investor Wing has completed a €37 million bond issue. With an aggregate principal amount of €37 million, the bonds have a maturity of 3 years and a fixed interest rate of 8.90 per cent. The company has accepted all offers received, intending to use the funds raised from the successful issue to pursue new investment opportunities and launch new real estate development projects.

Anna Wojciechowska, Head of ESG at Robyg, talked to Property Forum about the implementation of the principles of sustainability in the Polish residential market and the factors, that will affect the ESG-related activities in the following years.

The Group aims to at least double its revenue to €183-215 million in 2028, triple its EBITDA (excluding revaluations) within five years to €112–132 million in 2028, nearly triple funds from operations (FFO) to €51–60 million in 2028, and at least double its net asset value (NAV) per share to €48–56 million in 2028.

Sierra Balmain is expanding its portfolio with another shopping mall. Starting in April, the company will take over property management of Galeria Pomorska in Bydgoszcz. The group will handle all the ongoing operations of the facility.