ARTICLES LABELLED WITH TAG Poland

JSE listed Echo Polska Properties (EPP) released its interim results for the six-month period ended June 2017. During the period EPP successfully concluded €262 million in acquisitions, boosting the portfolio to €1.7 billion.

Knight Frank has been appointed sole agent of the Galeria Ostrowiec shopping mall. Experts from the company’s Retail Agency will diversify the offer of the shopping mall, owned by First Property Group.

The Nowy Świat 2.0 office building in Warsaw has been recognized with an LEED Gold ecological certificate. Experts from JLL supported investor Centrum Bankowo-Finansowe “Nowy Świat” S.A. in obtaining the certificate.

P3 is constructing a new 61,000 sqm building at P3 Piotrków park in Central Poland. Its main tenant will be Kuehne + Nagel, which will occupy 56,000 sqm of space. The facility is scheduled for completion in January 2018.

Helaba, Berlin Hyp and pbb Deutsche Pfandbriefbank have jointly underwritten an investment facility totaling €370 million to refinance the Warsaw Spire Office complex. The assets are owned by the newly established Ghelamco European Property Fund. The transaction closed in August 2017. Helaba, Berlin Hyp and pbb are acting as joint lead arrangers providing equal portions of the funding, with Helaba acting as facility and security agent of the transaction.

The handover of the second office building one month ahead of schedule completed the construction of the West Station scheme next to the Warszawa Zachodnia station. With an area of 38,000 sqm, the new building is one of the largest built in Warsaw this year. More companies have just shown their appreciation for its offices by leasing over 8,300 sqm of space.

Investment volumes in Central and Eastern Europe (Poland, Slovakia, Hungary, Czech Republic, Russia and Turkey) reached €7 billion in H1 2017. This is 6% less than in the same period of the previous year.

Panattoni Europe has embarked on the project to build the central warehouse for the building and home design retail chain, OBI. The BTS facility with close to 50,700 sqm will be delivered near Łódź, in the Nowosolna commune. Its development has been divided into two stages – with the first one scheduled for completion in November 2017.

Savills has been appointed as an exclusive agent responsible for the recommercialisation of part of Centrum Krakowska 61 retail park in Warsaw. The complex will soon undergo a substantial refurbishment, including refurbishment of one of the buildings which comprises 11,800 sqm.

SachsenFonds, a company that manages investments in real estate and renewable energy sources, is changing its name. The new business name EURAMCO stands for European Asset Management Company and reflects its growing presence on international markets. The company was started in 1999 as one of the subsidiaries of Landesbank Sachsen. Today, the EURAMCO Group administers close to €4 billion in approximately 60 private investment funds. In Europe, EURAMCO has three offices: the headquarters in Ascheim near Munich (investment management in Western Europe), in Prague (investment management in Central and South-Eastern Europe) and in Warsaw. In addition, the company also operates on the Australian market with a branch office in Sydney.