ARTICLES LABELLED WITH TAG Poland

Individual investors subscribed to all L-series bonds offered by Echo Investment. For the second time this year, the developer will issue securities with a total nominal value of PLN 50 million.

Driven by large-scale mergers and acquisitions, European multifamily investment volumes in the 12 countries analysed reached approximately €92.3 billion in 2021, a 79% increase y-o-y and a 120% increase on the past five-year average, according to Savills. In Poland, multifamily investment activity hit an all-time high of close to €725 million in 2021.

French asset management company MNK Partners has added the NC3 building in Warsaw to its MNK One portfolio. The office building is located on ul. Postępu in the city's Służewiec business district. The value of transaction has not been disclosed. 

Futureal-Cordia-HelloParks Group and its employees have made a number of commitments to help refugees from Ukraine.

Ghelamco has announced the sale of office buildings together with a retail and service passage in The Warsaw HUB complex. Google Poland is the purchaser, one of the main tenants of the building.

Cavatina Holding S.A. has placed in the public offering 3.5-year bonds with a value of over PLN 40 million. Debt securities of one of the largest developers of office space in Poland will go to approx. 560 investors.

The Robyg Group wants to increase the share of apartments for rent in its offer. In line with the strategy, by 2024, it plans to allocate about 4,500 apartments for rent. It also plans to expand its operations to other cities in Poland, the chairman of the supervisory board Oscar Kazanelson announced.

Globalworth’s adjusted normalised EBITDA decreased by 8.1% to €130.2 million in 2021, compared to €141.6 million in 2020, due to a lower net operating income. Net profit significantly improved to €47.5 million (2020: net loss of €46.8 million) due to marginal revaluation losses of €5.7 million in 2021 compared to the €116.2 million revaluation losses in 2020. The company published its unaudited financial results for 2021

Warehouse developer LCube is planning to acquire a minimum of four new sites this year. This will mean it will double the number of its current projects.

Dom Development has bought all the shares in the seven companies that comprise the Buma Group from the Giovanni fund for PLN 151.4 million.