Awbud takes more for Galeria Mokotów extension

Construction
POLAND Awbud has been granted an extra PLN 4.3 mln for its work on the extension of the Galeria Mokotów shopping centre in Warsaw.
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The additional money is due to the scope of its work being enlarged. Previously Unibail-Rodamco agreed to pay its general contractor a total of PLN 54.2 mln net. The centre is to gain an additional leasable area of 3,500 sqm bringing the total gla up to 5,000 sqm. The L-shaped extension is being built at the junction of ul. Uniechowskiego and ul. Wołoska at the site of the service square of the supply area. The work also involves the redevelopment of the food court on the second floor, which is to gain an additional 1,500 sqm.

Latest news

Retail & leisure

Poland At the height of luxury

schedule 13 February 2025
Opr./edited by JC

According to the latest report “At a Glance: Modern Retail Market in Poland, Q4 2024” from BNP Paribas Real Estate Poland, Poland’s retail market experienced record growth in 2024, expanding at its fastest pace since 2015.

Office & mixed-use development

Hungary ARM chooses Millennium

schedule 13 February 2025
Opr./edited by JC

ARM Processors has chosen Millennium Gardens as its new office in Budapest. The company will occupy over 3,400 sqm of premium office space in the complex.

Office & mixed-use development

Romania Office market grows in Cluj-Napoca

schedule 13 February 2025
Opr./edited by JC

In 2024, nationwide, companies leased modern office space outside Bucharest with a total area of 63,024 sqm, including both new office space leases and contract renegotiations, according to an analysis conducted by Fortim Trusted Advisors.

Residential

Poland New PRS investment in Warsaw

schedule 12 February 2025
Opr./edited by JC

Matexi Polska has announced a new investment in Warsaw's PRS, aimed at meeting growing investor demand for bulk apartment purchases. The project will be located on Aleje Jerozolimskie.

Retail & leisure

Czech Republic Largest growth in the last 15 years 

schedule 12 February 2025
Opr./edited by ANZ

In 2024, nearly 80,000 sqm of new, modernized, or expanded retail parks were completed in the Czech Republic, now totaling 1.3 mln sqm of retail space – almost a third of the total retail space capacity on the market. 

Warehouse & industrial

Poland HD Cosmetics with a new headquarters in MLP Zgorzelec

schedule 12 February 2025
Opr./edited by ANZ

Distributor of clothing, cosmetics, and hygiene products has joined the tenants of the modern MLP Zgorzelec logistics centre. HD Cosmetics will occupy approx. 1,400 sqm of space.

Warehouse & industrial

Czech Republic A record 1.5 mln sqm of space under construction

schedule 12 February 2025
Opr./edited by ANZ

According to the Savills European Industrial and Logistics Occupier Markets report, the industrial real estate market is expected to experience a breakthrough year, potentially leading to a significant market recovery. 

Office & mixed-use development

Poland Stable demand and investment recovery

schedule 11 February 2025
Opr./edited by ANZ

Cushman & Wakefield has summarised the situation in Poland’s largest office markets at the end of 2024. Leasing activity in both Warsaw and regional cities remained at 2023’s levels, while development activity continued to stagnate. By contrast, the capital market experienced a rebound, with the office investment volume rising to EUR 1.64 bln and Warsaw recording a more than threefold increase.

Investment & finance

Ukraine Arcona  acquires a development site in Ukraine 

schedule 10 February 2025
Opr./edited by ANZ

Arcona Property Fund has completed the acquisition of a development site in the central Kyiv, the capital of Ukraine. The seller is AIM London-listed Secure Property Investment and Development PLC (SPDI). This is thought to be the first real estate acquisition by a Western private fund in Ukraine since the Russian invasion of 2022.

Exclusive
Investment & finance

Poland Nepi invests in leading properties

schedule 10 February 2025
Magda Rachwald

Last year, Nepi Rockastle bought Magnolia Park in Wrocław and Silesia City Center in Katowice, properties with a total area of almost 190,000 sqm. We talk to Tomasz Górski, regional asset manager at Nepi Rockastle, about the transactions worth a total of almost EUR 780 mln as well as Nepi's strategy.

Office & mixed-use development

Poland From coworking to its own office

schedule 10 February 2025
Opr./edited by ANZ

The company, which specialises in IT, finance and legal advice, has moved from the The Shire co-working space in the Warsaw Spire office building to an office in The Warsaw Hub. The tenant occupies approx. 900 sqm.

Construction

Poland 2025 looks optimistic for the construction companies

schedule 10 February 2025
Opr./edited by ANZ

According to a report by research company Spectis “Construction companies in Poland 2025-2030”, the total revenues of the 300 leading construction groups in 2023 amounted to PLN 152 bln, which accounted for more than 60 pct of the revenues of the entire sector of medium and large construction companies. 

Investment & finance

Europe Billions for data centres

schedule 07 February 2025
Opr./edited by ANZ

Data4 is raising EUR 3.3 bln in funding for the further development of the company across Europe, including the advancement of projects in Poland.

Investment & finance

Romania Lions’ Head acquires a 15-ha plot near Bucharest

schedule 07 February 2025
Opr./edited by ANZ

Lion’s Head, a real estate investment fund currently owning assets in Romania and Bulgaria, has acquired a 15-ha plot in Popesti Leordeni. The transaction marks the expansion of Lion's Head in the Romanian industrial market, as well as its debut in the real estate development segment.

Investment & finance

Bułgaria Revetas sells shopping centre in Sofia

schedule 07 February 2025
Opr./edited by ANZ

Revetas Group has sold the Park Center Sofia shopping complex to TSH Investment, a joint venture between Trinity Capital and Hus Invest. The terms of the deal have not been disclosed.

Office & mixed-use development

Poland New projects limited to prime locations

schedule 06 February 2025
Opr./edited by ANZ

According to Cushman & Wakefield, around 105,000 sqm came on stream in Warsaw in 2024 across nine new projects, bringing total stock to 6.3 mln sqm at the end of last December.

Office & mixed-use development

Poland Da Grasso chooses Green Horizon for its new head office

schedule 06 February 2025
Opr./edited by ANZ

Da Grasso, a franchise pizza restaurant chain in Poland, is relocating its head office to Green Horizon building in Łódź. The company has taken nearly 1,200 sqm of space designed to accommodate the needs of the rapidly growing organization. 

Office & mixed-use development

Czech Republic Brno Jedna set to launch

schedule 06 February 2025
Opr./edited by JC

PSN is set to begin transforming the brownfield site Brno Jedna on Plynárenská Street. In the coming years, it will become an urban district combining housing, work, and leisure.

Office & mixed-use development

Poland VSoft stays in B4B

schedule 06 February 2025
Opr./edited by ANZ

VSoft has extended its lease agreement in Bonarka for Business office complex. The company leases a total of 1,777 sqm of office space in Building E. They have been a tenant in B4B for almost 10 years. 

ESG

Poland Syrena switches to green energy

schedule 06 February 2025
Opr./edited by ANZ

Syrena Real Estate has signed a cPPA with Polenergia Sprzedaż. The four-year contract covers the supply of green energy from the FW Dębsk and FF Strzelino wind farms owned by the Polenergia Group and energy balancing services.

Latest in Construction

schedule 10 February 2025

2025 looks optimistic for the construction companies

According to a report by research company Spectis “Construction companies in Poland 2025-2030”, the total revenues of the 300 leading construction groups in 2023 amounted to PLN 152 bln, which accounted for more than 60 pct of the revenues of the entire sector of medium and large construction companies. 

schedule 02 September 2024

Strabag to build The Arc

Strabag Romania has been selected by the developer and investor PPF Real Estate as the general contractor for the construction of its new office property, The Arc. The investment will bring a ten-story, class A office building to the 6th District of Bucharest.

schedule 06 May 2024

Digitalisation to the rescue

In Berlin Hyp’s most recent Trendbarometer, more than 200 real estate professionals expressed their opinions on opportunities and risks in the real estate industry at the moment. In addition, the expert survey focused on the effects of megatrends such as demographic developments, digitalisation and urbanisation.

schedule 08 January 2024

There's hope in the modules

According to the report released by research firm Spectis, “Modular construction market in Poland 2024-2029”, top 100 manufacturers of prefabricated buildings made of wood, steel, concrete, or LECA generated revenue of nearly PLN 10 bln in 2022, with 47 pct of the figure contributed by sales in the modular building segment.

schedule 17 July 2023

Erbud and Daewoo sign five-year MOU

Polish construction company Erbud has signed a cooperation agreement with South Korean giant Daewoo Engineering & Construction to jointly implement projects in the energy and key industrial, infrastructural and military sectors across Poland.

schedule 03 July 2023

Russian builders enlisted in return for orders

Moscow city authorities have “asked” development and construction companies to enlist their workers to fight in the war in Ukraine in exchange for orders. One of these corporations is to provide the Russian defence ministry with 30 volunteers ready to be posted to the front by the end of August.

schedule 17 April 2023

Skanska to build for CD Projekt

Skanska has been commissioned to construct a new building for Polish video game developer CD Projekt on its main campus in Warsaw’s Praga Północ district.

schedule 02 March 2023

Training centre in Attendorn

Viega has launched an interactive training centre near its headquarters in Attendorn. Over five floors, Viega World occupies a total of 12,000 sqm of space.

schedule 12 July 2022

Frontex opens new HQ tender

Frontex, the European Border and Coast Guard Agency, has opened a tender to select a contractor for the design-and-build project of its future headquarters in Warsaw.

schedule 22 June 2022

Erbud wins PLN 30 mln WUM contract

Erbud has been awarded a PLN 29.8 mln contract to modernise the Rector’s Office of the Medical University of Warsaw (WUM).

schedule 20 May 2022

Atlas Ward starts work on Szczecin sheds

Atlas Ward Polska has started work on two logistics parks with a total area of over 70,000 sqm on the eastern outskirts of Szczecin for Panattoni.

schedule 11 May 2022

Rex-Bud to build MDC2 Park Gliwice

Polish industrial developer MDC2 has chosen Rex-Bud Budownictwo to be the general contractor for MDC2 Park Gliwice in Upper Silesia.

schedule 29 April 2022

FineTech chosen to complete Lixa

Yareal has commissioned FineTech Construction to be the general contractor responsible for completing the final stages of its Lixa office complex in Warsaw.

schedule 28 April 2022

Prices rise for construction

Prices for building materials in Poland increased by close to 30 pct over the last twelve months according to Savills.

schedule 21 March 2022

Erbud to rebuild Gdańsk shipping infrastructure

Erbud is to reconstruct the Nabrzeże Szyprów shore in Gdańsk for PLN 28.5 mln.

schedule 25 February 2022

Hochtief builds for Warsaw University

Hochtief Polska has completed construction work on an educational building for the University of Warsaw on ul. Dobra for the department of applied linguistics.

schedule 28 January 2022

Financing secured for completion of The Park Kraków

International investor Cain International and its local development partner, White Star Real Estate, have secured a EUR 36 mln loan from PKO BP to complete the development of The Park Kraków.

schedule 26 January 2022

Erbud takes in GWI for wooden mod cons

Polish construction firm Erbud has merged its subsidiary Mod21 with German wooden modular buildings specialist GWI to establish a new company, also called Mod21.

schedule 31 December 2021

Erbud wins PLN 300 mln Lidl contract

Erbud has been awarded a PLN 298.4 mln contract to build a distribution centre for discount retailer Lidl near Błonie, west of Warsaw.

schedule 02 December 2021

Erbud to build three residential blocks in Warsaw

Erbud has announced a PLN 52.8 mln contract with Polish Export Trade & Investment to build three residential buildings in Warsaw’s Praga-Południe district.

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Edition 1 (295) January 2025

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