ARTICLES LABELLED WITH TAG Poland

Cavatina Holding SA, the largest Polish office developer, has submitted an issue prospectus to the Polish Financial Supervision Authority in connection with the planned public offering of shares (IPO) and entry to the main market of the Warsaw Stock Exchange.

Panattoni is to develop its latest production and warehouse plant in the Warsaw area. The company is to deliver 31,000 sqm to Reynaers Aluminium, one of the leading European suppliers of sustainable and innovative aluminium solutions for the production of windows, doors and partition walls. The building is being constructed in Urzut – 30 km from Warsaw – on a plot chosen by the client. The centre will have a clear height of 10 m in the warehouse section and 14m in the production section.

Yareal has sold two office buildings forming the Neopark campus complex in Warsaw's Mokotów district to a French fund managed by Amundi Real Estate.

Royal Wilanów, a mixed-use building in Warsaw owned and managed by the Capital Park Group, has two new tenants. The companies LUX MED and Hilti will soon move into the building. Thanks to these transactions, the entire building is now 100 percent leased.

MLP Group has released consolidated financial results for 2020, showing a net profit of €36.8 million (PLN 170 million), up 32% year on year. Equity (net assets) rose 29% in 2020, to PLN 1.21 billion, with gross investment property having expanded by the same percentage, to PLN 2.33 billion.

Olivia Business Centre in Gdańsk has undergone the analysis conducted by experts from the International Well Building Institute (IWBI) from New York. Olivia received a maximum score of 25 out of 25 points. According to the owner of the complex, this is the first such result recorded globally.

2020 was a landmark year for the warehouse industry, which in the face of the global pandemic turned out to be one of the strongest branches of the Polish economy. Summaries for last year show that Poland was the number two European market (after Germany) for commissioning warehouse space, as well as number three on the continent for leased space. 7R, the only Polish industrial and warehouse developer to be in the Polish sector’s top three, summarizes its results for 2020.

Some of the most mature PRS markets in Europe are Germany, Switzerland, the Netherlands and the Nordics. The Polish PRS market is still in its infancy, but more and more players are declaring their willingness to build portfolios of thousands of rental apartments in Poland. Experts of Cushman & Wakefield present an outlook for the PRS growth in Poland.

According to analyses by JLL, Poles return to hotels in holiday resorts more willingly than in the spring 2020. Business hotels are still waiting for guests.

Institutional investors have acquired Echo Investment's bonds with a total value of PLN 195 million. The obtained funds will be allocated to the company's development, particularly in the promising residential sector.