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Dubai developer to build new city in Poland for 50,000
Sultan Ahmed Bin Sulayem is ready to build a 50-thousand city in Balin near Chrzanów in the industrial south of Poland – “Polska” daily reports. The investment is to be financed by Al Nakheel Properties. The same developer is currently building the World – a man-made archipelago of 300 islands designed in the shape of a world map located off the Dubai coast. >>
WSE WEEKLY MARKET SUMMARY
• Monthly summary - 12.2008
The year 2008 is over. One feels tempted to add, fortunately. Hopefully, nothing in the near future will match last year’s events. The developments in the USA and on many other stock exchanges were comparable to what transpired in 1930 (when the DJIA fell by a third) and 1931 (when it fell by half). In 2008, the index lost up to 50 percent during the year. It was also the worst year in the 17-year history of the WSE.
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REAL ESTATE
King Sturge appointed to manage. Textorial Park in Łódź
The Property Management Department at King Sturge has won a tender for managing Textorial Park, an office complex in Łódź developed by St. Paul’s Developments Polska. The contract came into effect on December 1st, 2008. It is further evidence of the enlarging portfolio of properties managed by King Sturge.
>>Victoria Dom Foundation of prosperity
Andrzej Korzeb, President of Victoria Dom, tells “Polish Market” that the company’s mission is to build apartments and houses which provide a sense of harmony and comfort at an attractive price. >>
North Gate
North Gate on Bonifraterska Street is the only newly-built office building in the northern part of the city, situated in a central location just a few steps from an underground station, and at the same time set in aesthetic green surroundings. The building is exceptionally friendly for future tenants, not only because of its excellent access and environment, but also because of the vistas afforded by all the offices. >>
High Society Properties to open a CEE branch office in Poland
During a press conference held in Warsaw Lucille Korwin-Kossakowska, High Society Properties (HSP) consultant and representative for Central Eastern Europe gave an overview of the real estate boom currently observed in Dubai. The investment and tourism boom may be a hint for investors to locate their money on the Persian Gulf. As Korwin-Kossakowska said the revenue rate on real estate was over 300% in 2006/2007. >>
SIXTH FUEL OR ENERGY EFFICIENCY OF BUILDINGS
WITH THE DEVELOPMENT OF CIVILISATION, DEMAND FOR ENERGY IS ON THE RISE.
WHOLE ECONOMIES AND SOCIETIES DEPEND ON ENERGY PRICES AND RELIABLE ENERGY SUPPLIES. >>
OAKLAND PARK – TWO SHOW HOMES READY
Warsaw, 11 June 2008 – Quinlan Private Golub, the developer of luxury housing development Oakland Park, located in the green outskirts of Konstancin, has finished the construction of two beautifully furnished show homes – Linden and Hazel. Both houses, equipped and furnished with the highest quality appliances and furniture will be available for client viewing from Sunday, 15 June 2008 onwards. >>
Each new project a challenge
The APA KA Architectural Office (Pracownia Architektury Kuryłowicz & Associates Sp. z o.o., APA KA) won a 2005 competition for the design of a Concert Hall (National Music Forum) on Wolności (Freedom) Square in Wrocław. Polish Market’s Jerzy Bojanowicz talked to Professor Stefan Kuryłowicz, founder and chief architect of Poland’s most award-winning architectural unit. >>
Budopol – Wrocław S.A.
Budopol – Wrocław S.A. is a construction company, which has been operating for nearly 50 years. It provides overall construction and assembling services. It specialises in residential buildings and has a rich portfolio of public and industrial buildings. Budopol acts as a general contractor. >>
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