ARTICLES LABELLED WITH TAG Poland

Erbud SA has been chosen as the contractor of the shell of Galeria Libero, which is being developed by Echo Investment in the southern part of Katowice.

Colliers International has opened its office in Katowice in Poland. It is located on the 13th floor of Altus office building in Uniwersytecka 13 street. The director of the Katowice regional office is Barbara Pryszcz, who joined the company in March this year. Barbara is responsible for the company’s development in Katowice and the Upper Silesia region. 

Echo Investment has published its H1 2016 results. The Group had the revenue of PLN 280.5 mln in H1 2016 (compared to PLN 273.8 mln in H1 2015), a gross sales profit of PLN 145.4 mln (compared to PLN 135 mln), an operating profit of PLN 404 mln (compared to PLN 31.3 mln) and a net profit of PLN 299 mln (compared to PLN 22.7 mln).

The Aviva Investors Polish Retail Fund has signed a preliminary sales agreement for Focus Park in Zielona Góra and Focus Mall in Piotrków Trybunalski. The two shopping centres are to be purchased by Rockcastle for around 161 million euros. JLL advised Aviva Investors on the transaction.

In H1 2016, total modern retail stock in Poland rose to more than 13.5 million sqm GLA. The key trends include new shopping centre and retail park openings in cities below 100,000 inhabitants and the growth of the outlet centre sector in agglomerations with 200,000–400,000 inhabitants. Cushman & Wakefield has released its data on the Polish retail market in H1 2016 in its report Property Times: Increased market competition calls for a quick response.

Prologis has announced that it will deliver a 11,740 square metre build-to-suit (BTS) facility for Geis PL, a German logistics operator, at Prologis Park Stryków. The project is scheduled for completion in the fourth quarter of 2016.

At the end of June 2016 total modern warehouse stock in Poland stood at 10,500,000 sqm. Occupier and developer activity is expected to continue its strong momentum, as revealed by Cushman & Wakefield in its Polish Industrial Market Q2 2016 report.

Money Makers TFI, an investment fund owned the Alior Bank group, and ProData Consult, an IT consulting services provider, decided to remain in Warsaw’s Horizon Plaza for the following years and expand their offices. Knight Frank brokered the transaction and represented Union Investment Real Estate GmbH, the property owner.

TriGranit has announced the appointment of Agnieszka Turowska as Group Finance Director of TriGranit Corporation.  Ms. Turowska will be responsible for overseeing the corporate finance, accounting and controlling functions at the whole company including all TriGranit countries and will be member of the Management Board.

Panattoni Europe is to deliver a custom-tailored project for Trio Line, the Danish manufacturer of high-end upholstered furniture. The investment spanning more than 32,200 sqm of space will be developed near Poznań and will merge warehousing and manufacturing functions. The transaction was mediated by AXI IMMO, and completion of the facility is planned in Q1 2017.