Banks Should Stop Vicious Circle 4 February 2010 Demand has to pick up and banks must start lending money to buyers before developers start new projects, Jacek Bielecki, chief adviser to the Polish Association of Developers (PZFD), tells the Voice's Magdalena Fabijańczuk.
Luxury Apartments Few and Far Between 4 February 2010 Warsaw's luxury apartment market has ample room for growth, experts say. This is largely because many of the projects advertised as luxury apartment buildings in fact have little to do with luxury. In the late 1990s, any high-standard flat was commonly called a luxury apartment, and some developers in the city continue to misuse the term.
In brief 13 January 2010 Hochtief Polska's Warsaw branch has finished the "roofed-shell" stage of an office building in Warsaw's Ursynów district, on Poloneza Street. The investor is Poloneza Investment.
Residential Market: Z±bki Better Than Wilanów 16 December 2009 Varsovians tend to buy homes close to schools, day nurseries and stores, with good transport links to the city center. They are prepared to buy a smaller home as long as they have access to a full range of amenities and services, says Mariusz Kania, president of real estate services company Metrohouse, who talked to Magdalena Fabijańczuk.
The Real Estate in brief 2 December 2009 Developer Globe Trade Centre (GTC) reported a net loss of 43.6 million euros in the first three quarters of this year. The company's operating revenue totaled 116.9 million euros and revenue from property rental rose by 33 percent in year-on-year terms to 65.6 million euros.
Office Space for Sale in Downtown Warsaw 18 November 2009 The construction of Concept Tower, a 15-story A-class office building developed by Concept Development, will soon begin at 87 Grzybowska Street in downtown Warsaw. It is the first project in Poland providing an opportunity for investors to buy office space in a building in the center of Warsaw.
Focus Mall Opens in Piotrków Trybunalski 18 November 2009 The Focus Mall shopping and entertainment center opened Nov. 13 in Piotrków Trybunalski, central Poland. The investor is Parkridge Retail Poland.
Warehouses & Industrial Market: 18 November 2009 Real estate services companies CB Richard Ellis and Colliers International have become the sole agents for ProLogis, a provider of distribution facilities, in the process of renting out its vacant warehouse space.
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