Globalworth provided an update on a number of initiatives completed prior to year-end: the acquisition of two land plots in Bucharest, an increase in its shareholding in Griffin Premium RE and the completion of the EPP deal.

The Rezidor Hotel Group announced the recent signings of six new hotels – expanding its momentum growth in capitals and primary strategic locations in Poland, Cameroon, Georgia, Saudi Arabia and Lebanon

The MLP Group has allocated land for the construction of a new distribution center for MAKRO Polska to be built in the MLP Czeladź logistics park. It is anticipated that the construction will be complete and the finished warehouses will be handed over to the tenant in June 2018.

ECE and Allianz have opened the new, comprehensively modernised food court of the shopping centre located in the Polish city of Katowice. During an extensive refurbishment period, the modernized food court of the centre received a new design with modern furniture and a better quality of stay. The refurbishment and modernization was conducted during ongoing operations in the centre in a construction time of approximately five months. All in all the owners invested €2 million into the modernization.

Echo Investment has concluded a contract with Bank Zachodni WBK S.A. as an agent as well as Bank BGŻ BNP Paribas S.A. concerning a loan of over €67.5 million and a VAT loan of PLN 12 mln. The funds will be used for the construction of Galeria Libero in Katowice.

Over time, some office locations enhance their position in the eyes of tenants while others – lose popularity. The reason for this change usually results from communication infrastructure as its development can create new business regions. JLL has taken a closer look at tenants’ preferences regarding office locations on major Polish markets based on concluded lease agreements. The company focused solely on new deals – excluding renewals of already existing contracts and expansions – signed in Warsaw (in 2012 and 2016), and Kraków, Wrocław, Tri-City, Katowice, Poznań and Łódź (in 2011 and 2016).

Skanska has attained an occupancy permit for the third building of Silesia Business Park in Katowice. The office complex is one of the biggest office parks in Katowice and already has lease agreements signed for over 23,000 sqm of space.

Mentor Graphics Corporation, a manufacturer of design software and electronic equipment, has signed a lease agreement on 4 417 sqm in building B of Silesia Star in Katowice. The client was represented by Cushman & Wakefield in lease negotiations and the coordination and supervision of fit-out works in the new office.

PwC has decided to extend its office space in Silesia Business Park in Katowice by over 2,000 sqm and plans to employ over 300 specialists. As a result, 100% of the leasable space in building A of the complex is leased now.

Echo Polska Properties – an international fund operating as a REIT –is purchasing seven office buildings with almost 112,000 sqm of GLA from Echo Investment, a Polish developer. The total value of the properties as at the agreement amounts to almost €264 million. The sold properties are: O3 Business Campus in Kraków (phase I, II and III), Tryton Business House in Gdańsk, A4 Business Park in Katowice (phase III) and Symetris Business Park in Łódź (phase I and II).