Orange signs 9,000 sqm lease
Office & mixed-use developmentschedule 12 February 2013
ROMANIA Telecommunications operator Orange has renewed and extended its lease in Europe House in Bucharest.
Warehouse & industrial
The Polish industrial and logistics market demonstrated resilience in the first three quarters of 2024. During this period, 2.1 mln sqm of new warehouse space was delivered, expanding the sector’s total stock to nearly 34 mln sqm (+9 pct Y/Y).
Office & mixed-use development
Vastint has completed the II stage of the Gdynia Waterfront development. A modern multifunctional complex is being built in the heart of the city, next to Skwer Kościuszki. Ultimately, the scheme will offer 75,500 sqm of space.
Warehouse & industrial
According to Cushman & Wakefield, Poland recorded the second-highest industrial take-up in Europe between January and September 2024. Looking ahead, robust demand, coupled with a decline in speculative construction, is likely to tighten the availability of warehouse space for lease.
Warehouse & industrial
7R and EQT Exeter will jointly develop a modern logistics park near Prague. The 56,000 sqm investment will consist of two buildings located along the D8 highway, which serves the Greater Prague area.
Retail & leisure
According to Trends Radar. Real Estate: From Stabilisation To Optimism, the latest report from Cushman & Wakefield, in 2024, Poland came second in Europe in terms of new retail supply, surpassed only by France.
Office & mixed-use development
The Małopolska Centre of Entrepreneurship will move into the GTC Newton building, which is part of the Korona Office Complex. The institution will occupy an area of over 3,000 sqm.
Retail & leisure
According to BNP Paribas Real Estate Poland latest report “At a Glance: Modern Retail Market in Poland, Q3 2024”, predictions of the imminent decline of shopping centres in Poland have proven premature. In Q3 2024, the Polish retail market expanded by another 116,000 sqm.
Hotels
The St. Regis Belgrade hotel, the brand's first property in Serbia, has begun operating in Belgrade. It is located in the 42-storey high-rise Belgrade Tower (Kula Beograd), built at the meeting point of the Sava and Danube rivers.
Warehouse & industrial
According to Savills' analysis of the industrial real estate market in the Czech Republic, lease renegotiations, or the extension of older lease agreements in existing premises, have become a significant part of the warehouse and manufacturing real estate market.
Investment & finance
Panattoni has secured a EUR 75 mln loan from Citibank (London Branch). The funds are intended to finance the Panattoni Park Sulechów III investment.
Infrastructure
The Warsaw - Łódź stretch will be the first section of the High Speed Railway in Poland. It is on this route that a new station will be built in Brzeziny, a district town hitherto deprived of any access to rail transport.
Warehouse & industrial
Lynka, a European supplier of branded apparel, has extended its lease of 9,000 sqm of warehouse, manufacturing, office and social space in Panattoni Park Kraków IV.
Investment & finance
Fond Českého Bydlení (the Czech Housing Fund) has successfully completed the acquisition of two apartment buildings located in Beroun and Chomutov. This transaction adds 313 fully rented apartments to the company's portfolio.
Eurobuild CEE
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Hotels
Bank Gospodarstwa Krajowego has granted a loan of up to EUR 40 mln to the Hungarian company from the Puro Group. The financing will be used for the construction of a four-star premium hotel in the centre of Budapest.
Public buildings
The University of Warsaw has signed a contract with the general contractor for a project at ul. Bednarska 2/4. The new building will house the faculties of Journalism, Information and Bibliology and Economic Sciences, as well as the Academic Campus Radio. Construction work will begin at the end of November.
Investment & finance
Savills IM has let the last vacant rental space of the European Logistics Fund 2 (ELF 2) in a logistics property in Konotopa, Poland, on a long-term lease.
Investment & finance
Panattoni has been awarded a pioneering green loan from Berlin Hyp worth EUR 74.34 mln. The financing is for a logistics center in Bydgoszcz developed for an e-commerce firm.
Residential
YIT continues to grow in line with its strategy in the CEE countries. The company is expanding its operations in the Czech Republic and establishes a joint venture with the Czech investor group RSJ Investments.
Investment & finance
Vantage Development's Polish subsidiaries have secured a EUR 100 mln loan from the European Bank for Reconstruction and Development. The TAG Immobilien-owned developer and operator will use the funds raised to expand its PRS investments in Poland.
Vastint has completed the II stage of the Gdynia Waterfront development. A modern multifunctional complex is being built in the heart of the city, next to Skwer Kościuszki. Ultimately, the scheme will offer 75,500 sqm of space.
The Małopolska Centre of Entrepreneurship will move into the GTC Newton building, which is part of the Korona Office Complex. The institution will occupy an area of over 3,000 sqm.
Cushman & Wakefield has summarised the Q3 of 2024 on the largest office markets in Poland. Office take-up in key regional cities remained on par with the figures recorded in the same period in 2023, signifying stability on the office rental market.
Insignis concept store, a furniture retailer, has rented space on the ground floor of The Bucharest Business Park. Three other companies that sell furniture have recently rented sales spaces in office buildings in the northern area of Bucharest, the total area exceeding 10,000 sqm.
According to a report 'Office Market in Warsaw in Q1-Q3 2024', published by Axi Immo, developer activity in the Warsaw office space market is progressively increasing. More than 70,000 sqm finished by the end of September 2024 and around 280,000 sqm under construction in the coming years, demonstrate that investors and developers are moving the industry forward.
GTC, in collaboration with The Shire Beyond Coworking, is opening a new coworking space in Kraków's Korona Office Complex.
Strabag PFS has moved into the Eurocentrum Alfa office building in Warsaw, owned by CPI Property Group Poland. The lease agreement is for over 1,000 sqm.
According to “Office Occupier – Warsaw Office Market, Q1-Q3 2024”, a report published by Newmark Polska, in the Q3 of 2024, both leasing and development activity on the Warsaw office market remained largely consistent with the levels recorded in the previous quarter.
A pharmaceutical company has leased 6,000 sqm in the GTC-owned Sterlinga Business Center office building in Łódź. This is the largest office deal in Łódź in 2024.
Cushman & Wakefield has summarised the situation on the Warsaw office market for Q3 2024. Office take-up, both in leasing volumes and transaction numbers, was comparable to that recorded in the same period in 2023. Meanwhile, muted development activity, falling vacancy rates and shrinking land availability are likely to encourage investors to launch redevelopment projects.
Bank Gospodarstwa Krajowego has decided to extend its lease agreement for 13,600 sqm of office space in Varso Place. The company occupies five floors of the building.
L3Harris, a company focused on the production of electro-optics for industry, law enforcement, emergency services and the military, has a new office in the Silesia Star office building in Katowice.
Sirius Offices in Belgrade is fully leased. The office complex was built and remains owned by Erste Group Immorent, a subsidiary of Erste Group Bank.
Globalworth is launching a new brand of flexible offices, Ace of Space. Tailored to the needs of the company, space will be available to rent in Warsaw, Wrocław, Kraków, Katowice and Gdańsk.
Cavatina Holding has obtained an occupancy permit for the Grundmanna Office Park office building in Katowice. Building A will provide almost 21,000 sqm of office space and approx. 1,000 sqm of service areas. This is the developer's second investment in the city after Global Office Park.
HCLTech is staying at Krakow's O3 Business Campus for the next five years. The tenant occupies four floors with a total leasable area of over 7,000 sqm.
Two law firms have decided to extend their existing leases in the Metropolitan Warszawa building. In total, Gide Loyrette Nouel and Norton Rose Fulbright will occupy more than 3,000 sqm of office space.
Techstep Poland is moving its office to Officyna in Gdańsk. The company, which offers business mobility management solutions, has leased approx. 460 sqm in the office building.
A mixed-use complex on ul. Ewangelicka in Lublin has been granted a building permit. The size of the project developed by the KKL company is over 17,800 sqm.
At the end of September 2024, the stock of modern office space in Warsaw amounted to just under 6.265 mln sqm - according to data collected by Polish Chamber of Commercial Real Estate.
In Winogrady district of Poznań, the construction of the Aura residential building, designed by Robert Konieczny's office KWK Promes, has begun. The f ...
Strabag Romania has been selected by the developer and investor PPF Real Estate as the general contractor for the construction of its new office prope ...
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
Panattoni BTS and Commercecon together support the establishment of the second Centaurus Foundation centre in Poland to help horses and other animals.
Shopee is ending its operations in Poland. The Asian e-commerce platform, which debuted in Poland in 2021, intends to focus on operations in other reg ...
Warsaw's Studio B building has been awarded SmartScore and WiredScore certificates. Skanska has thus become the first company in Poland to receive the ...
The Eurobuild Awards Gala, the premier event for the region’s real estate market, is to take place this year on November 26th at the DoubleTree by Hil ...
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The St. Regis Belgrade hotel, the brand's first property in Serbia, has begun operating in Belgrade. It is located in the 42-storey high-rise Belgrade ...
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The Warsaw - Łódź stretch will be the first section of the High Speed Railway in Poland. It is on this route that a new station will be built in Brzez ...
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Panattoni has secured a EUR 75 mln loan from Citibank (London Branch). The funds are intended to finance the Panattoni Park Sulechów III investment.
CTP has expanded its Polish land bank by nearly half a million sqm. The company has purchased investment land in four locations that provide the oppor ...
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Vastint has completed the II stage of the Gdynia Waterfront development. A modern multifunctional complex is being built in the heart of the city, nex ...
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The University of Warsaw has signed a contract with the general contractor for a project at ul. Bednarska 2/4. The new building will house the faculti ...
YIT continues to grow in line with its strategy in the CEE countries. The company is expanding its operations in the Czech Republic and establishes a ...
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