ARTICLES LABELLED WITH TAG Poland

Savills will advise in the recommercialisation process of Retail Park Karpacka in Bielsko-Biała. The investor of the retail scheme is Biuro Inwestycji Kapitałowych S.A.

Apsys has secured the long-term refinancing of Posnania, its flagship project in Poznan, with Berlin Hyp AG, ING Bank Śląski S.A., Société Générale and Deutsche Postbank AG. This refinancing amounting to €260 million in total is one of the largest ever granted in commercial real estate in Central Europe. The project's initial financing during the development phase in 2014 already set a record in this area. 

Vastint Poland has appointed Hochtief Polska as the general contractor of the second phase of Business Garden Wroclaw. Under the contract, six office and service buildings with a total leasable area of approx. 79,000 sqm are to be built. Construction works will commence in July this year and will end in November 2019.

Cushman & Wakefield has been appointed property manager of Krakow’s office complex Zabłocie Business Park. The scheme is owned by IMS Budownictwo, a local housing developer.

JLL will launch its new office in Łódź, which will be the company’s fifth unit in Poland. Marta Pyziak has been appointed head of the company’s newly-established unit.

Panattoni Europe has signed a lease with Multidekor, maker of professional ornaments and festive lighting solutions for cities and shopping malls. The transaction covers 22,600 sqm of warehouse and production space at the planned Panattoni Park Konotopa II. The development is set to commence this autumn, and will be completed in April 2018.

Echo Polska Properties NV announced results Q1 2017 with distributable earnings 3.2% ahead of budget at €16 million. At period end the portfolio was valued at €1.5 billion with a portfolio of 10 retail and nine office properties and two Warsaw-based retail development sites.

TriGranit announced organisational changes in several fields of its operation. It has among other a new Chief Construction & Development Officer, a new Chief Financial Officer, a new Development Director and a new Head of Acquisitions. 

Skanska has launched the construction works of its Nowy Targ office project in the centre of Worlcaw. The building’s name relates to Nowy Targ square which is located nearby and which in the past served as the city's trading centre. The office project will provide nearly 22,000 sqm of flexible space dedicated to business with its delivery scheduled between Q2 and Q3 2019.

A Plaza Centers subsidiary has signed a non-binding letter of intent with an unnamed investment fund regarding the sale of the Torun Plaza shopping and entertainment centre in Poland. The LOI binds the purchaser to a strict timeline for undertaking a comprehensive due diligence process which would result in the transaction being completed by the middle of September 2017.