Investment & finance
Hillwood Polska has completed the sale of a warehouse and office complex in Oddział, in the municipality of Żabia Wola, to TOYA S.A. The development comprises two buildings with a combined usable area of approximately 57,800 sqm and was delivered under a build-to-own (BTO) arrangement. The transaction was valued at EUR 41.625 mln net.
Retail & leisure
Nhood has repurposed 65,000 sqm of retail space across Europe as part of a modernisation programme for shopping centres owned by Ceetrus and Auchan. In Poland, the company has leased more than 11,300 sqm of additional retail space across four properties, with two more locations set to join the programme.
Retail & leisure
Lux Med Stomatologia will become a new tenant at Gemini Park Tychy, leasing more than 450 sqm. The dental clinic, which will offer comprehensive care for adults and children, is scheduled to open at the turn of 2026 and 2027.
Residential
A historic tenement building on Koło’s Old Market Square is undergoing a comprehensive renovation. Built in 1887, the three-storey property will offer more than 938 sqm of space for retail and service units, professional practices and apartments. The project is being carried out by investor Celtia.
Retail & leisure
Poland’s retail property market continues to see strong development activity. Around 132,000 sqm of modern retail space was delivered in Q3 2026, while a further 760,000 sqm remains under construction. According to Cushman & Wakefield, new supply for the full year could exceed 600,000 sqm, reaching its highest level in more than a decade.
Warehouse & industrial
CTP has signed a direct lease with Pepco for 55,619 sqm at CTPark Bucharest West in Romania. The retailer will operate a regional distribution centre at the site, serving Romania and the wider Central and Eastern European (CEE) region.
Investment & finance
EPP has increased its stake in the joint venture that owns nine M1 shopping centres in Poland to 59.4 pct. The ownership structure has also been simplified, with RMB Investments and Advisory Proprietary Limited (RMBIA) joining as a new investor.
Residential
Murapol Group has added 191 apartments to the Murapol Prado residential project in northern Kraków. The new phase, located on ul. Piaszczysta near the Prądnik Valley, comprises two four-storey buildings. Pre-sale prices start at PLN 13,680 per sqm.
Office & mixed-use development
RMF Group, owner of the RMF FM and RMF MAXX radio stations, has signed a long-term lease at DL Tower in Katowice. Under the agreement, signed on 15 July 2026, both stations will broadcast from the building’s 11th floor for at least the next 10 years.
Office & mixed-use development
Warsaw’s office market is seeing stronger tenant activity amid record-low new supply. More than 592,000 sqm of office space was leased in the first three quarters of 2026, up 22 pct year on year, while the vacancy rate fell to 7.9 pct, its lowest level in six years, according to Knight Frank.
Office & mixed-use development
A global fast-moving consumer goods (FMCG) company will lease more than 4,300 sqm of office space in Warsaw Spire, in central Warsaw. The relocation, combined with an expansion, is scheduled to begin in October 2026. JLL advised the tenant on the transaction and provided technical consultancy.
Investment & finance
WPIP Group has completed the sale of an industrial and office property in Nowa Sól, western Poland. The approximately 1,800 sqm facility was acquired by Trionik EMS, a company operating in the electronics manufacturing sector and linked to Ukrainian capital. The buyer plans to establish its Polish branch at the site.
Retail & leisure
Mitiska REIM and Park Lane Developments have opened the first Estrea Park retail park in Bulgaria, marking the start of a planned rollout of the brand across the country. Developed in Sofia’s Hadzhi Dimitar district, the project was delivered in partnership with the European Bank for Reconstruction and Development (EBRD) on behalf of the MEREP 3 fund.
Data centres
Access to electricity, rather than its price, is becoming the decisive factor in the development of data centres, as AI drives up demand and Europe's established hubs run out of capacity. This was the central message of Eurobuild's Data Centers – Real Estate, Technology, Investments conference, held at the Warsaw Presidential Hotel on 19 October.
Retail & leisure
Gdańsk’s CH Osowa shopping centre welcomed five new concepts in September and October, spanning gaming, collectibles, fashion and floristry. The new arrivals include a trading card vending machine, a gaming zone, a shop selling games and consoles, a florist and a women’s fashion boutique.
Construction
PORR has signed a contract worth around PLN 539 mln gross to build the first phase of a cargo and logistics facility for the US Air Force at Wrocław-Strachowice Airport. Commissioned by the Regional Infrastructure Management Board in Wrocław, the project is scheduled for completion by 2029.
Retail & leisure
Polish jewellery brand Ania Kruk has opened a 64.5 sqm store at Magnolia Park in Wrocław. The store offers everyday jewellery, including necklaces, bracelets, earrings, rings and jewellery for piercings.
Office & mixed-use development
As many as 93 pct of organisations in Poland operate hybrid working models, while just 1 pct are fully remote, according to Colliers Define’s ‘Hybrid and Beyond ’26’ report. Companies are increasingly focusing on how they organise collaboration and use offices to build relationships, rather than increasing the number of days employees spend on site.
Warehouse & industrial
Ecologistics, the Czech arm of logistics company Goodcang Holdings, has signed a long-term lease for an entire 44,500 sqm warehouse at EQT Park Prague North in Lužec nad Vltavou, north of Prague. The 56,600 sqm complex is owned by EQT Real Estate and was developed by 7R.
Residential
Czech investment group RSJ and developer Na Jelenách have formed a strategic partnership to build a new residential district in southern Prague. The project will comprise around 5,500 rental homes for up to 16,000 residents, with a value exceeding CZK 50 bln.
PORR has signed a contract worth around PLN 539 mln gross to build the first phase of a cargo and logistics facility for the US Air Force at Wrocław-Strachowice Airport. Commissioned by the Regional Infrastructure Management Board in Wrocław, the project is scheduled for completion by 2029.
BERGER Bau Polska will modernise the Kredka and Ołówek student residences owned by the University of Wrocław under a contract worth PLN 41.44 mln gross. Work will bring the buildings into compliance with current fire safety regulations and is scheduled to run from October 2026 to April 2029.
Public-sector construction has become one of the fastest-growing areas of Dekpol Budownictwo’s business. Over the past two years, the company has signed general contracting agreements for projects spanning culture, education, sport, public safety and social policy, with a combined value exceeding PLN 1 billion. Its portfolio includes projects across Poland as well as the construction of the new Polish Antarctic Station on King George Island.
A traditional topping-out ceremony has been held at the construction site of the new primary school in Biedrusko. The project on Chludowska Street, being developed by Dekpol Budownictwo, has reached another key milestone. According to Suchy Las municipality, it is the largest educational investment in its history. The new school will accommodate up to 600 pupils.
Mirbud has signed a contract with Warsaw University of Technology to build a sports and events hall next to the Syrenka Stadium in Warsaw. The design-and-build contract is worth more than PLN 168 mln.
Budimex has signed a contract with Adam Mickiewicz University in Poznań to design and build a new university archive. The contract is worth more than PLN 26.4 million net, with the project scheduled for completion within 18 months.
Budimex has begun reconstructing a more than 2-kilometre section of the I/43 road near Černá Hora in the Czech Republic. The CZK 250.2 mln contract (EUR 10.3 mln) covers the construction of a new road and two bridges.
Budimex will complete the expansion of Dr Jan Biziel University Hospital No. 2 in Bydgoszcz. The contract is worth nearly PLN 211 mln gross.
Berger Bau has signed a contract to modernise the Lower Silesian Police headquarters in Wrocław. The PLN 24 mln project is scheduled for completion within 28 months.
Poland’s construction sector is facing increasing labour shortages, with the industry short of around 150,000 workers. Turnover among engineers has reached 42 pct, according to Randstad’s latest report, 'Labour Market in the Construction Sector: Trends, Challenges and Recruitment Strategies for 2026'. Demographic changes, rising employee expectations and the sector’s shift towards Construction 4.0 are adding to the pressure.
Cost remains a decisive factor in construction tenders, but investors are increasingly looking beyond the upfront price. For production facilities and warehouses, factors such as delivery time and technical specifications are now being considered alongside a building’s carbon footprint over its entire life cycle.
Construction material prices are rising significantly more slowly than inflation, with prices in some categories even falling. Despite this, the situation for construction companies remains challenging. The number of corporate insolvencies in the sector rose by 31.3 pct year on year, while the number of restructuring proceedings almost doubled. Weaker demand, high labour costs and pressure on liquidity are among the main challenges facing the industry.
Poland’s residential construction market is slowing, with 936 projects put on hold over the past year. Yet investors continue to prepare new projects, with activity in planning and design on the rise. According to Kompas Inwestycji, 1,219 projects reached the foundation stage or moved into construction between August 2025 and July 2026.
The Territorial Planning, Urbanism and Construction Code (CATUC) is expected to have a significant impact on Romania’s real estate market. Two measures are likely to be particularly important: tighter limits on how much can be built on a site and a new infrastructure payment, the cost of which has yet to be determined, according to Crosspoint Real Estate.
Work is progressing on the High-Speed Rail (KDP) tunnel in Łódź, part of the Port Polska project. At the launch chamber in Retkinia, the concrete support for the Tunnel Boring Machine (TBM) shield has been completed, while the first components of the machine are being assembled on site. Tunnelling on one of Poland’s most important underground railway projects is due to begin in 2027.
The construction of Poland’s first nuclear power plant has reached an important milestone. Bechtel, the project’s general contractor, is taking over management of the construction site from Polskie Elektrownie Jądrowe (PEJ). At the same time, Budimex, one of Poland’s largest construction companies, has begun the earthworks.
Budimex has been awarded a PLN 146 mln contract to construct the foundations of the passenger terminal of the new airport that forms part of the massive Port of Poland (or CPK) transport hub, which is being developed between Warsaw and Łódź.
A significant stage in the assembly of the new main building of the Henryk Arctowski Antarctic Station has been completed.
The value of the 960 largest construction projects in Poland is already more than PLN 1 tln and continues to rise, driven by a wave of infrastructure and energy megaprojects.
According to the latest BauWatch crime report only 56 pct of building site managers across the EU believe crime to be rising, but in Poland this figure is much lower at only 36 pct.
High-rise developments may be developed near the National Stadium metro station. The city's spatial policy clearly aims to break down the division bet ...
PORR has signed a contract worth around PLN 539 mln gross to build the first phase of a cargo and logistics facility for the US Air Force at Wrocław-S ...
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.
Access to electricity, rather than its price, is becoming the decisive factor in the development of data centres, as AI drives up demand and Europe's ...
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 ...
Twelve residential buildings comprising 982 apartments at Greenfield Băneasa in Bucharest have received BREEAM Excellent certification, following an a ...
The 16th Eurobuild Awards Gala is now on the horizon! And there has been a CHANGE OF DATE AND LOCATION. The Gala will now take place on December 8th, ...
We spoke with Zdena Noack, managing director of Zeitraum Student Housing, during the opening of Zeitraum Racławicka in Kraków.
In this issue, hot off the press in time for Expo Real in Munich, the cover story is an interview with Ugo Giordano and Katarzyna Rzetecka, who are le ...
How will AI change the real estate business? Where are the best data centre sites in Poland? Will Europe be able to feed data centres the energy they ...
One of the more interesting Polish property investors to emerge on the local scene in recent years is Syrena Real Estate. This year, it added the Rena ...
After a long break, we invite you to hot episode of the "Eye to eye" podcast! Today we talk with Władysław Grochowski, the head and founder of Arche.
The UN Nansen Refugee Award award will go to Poland for the first time. According to the office of the UNHCR High Commissioner this year's regional wi ...
Czech developer CTP has been granted a EUR 200 mln loan from the European Investment Bank for the roll-out of its large-scale solar panel installation ...
Green House Development has launched pre-sales for Building C, the final phase of its Wave Świnoujście Thermal & SPA development. The building will fe ...
Agnieszka Ciupak has been appointed managing director of Ghelamco in Poland. She joins Przemysław Dąbrowski, Jakub Kutzmann and Krzysztof Gozdecki as ...
Port Polska and the City of Kielce have signed a letter of intent covering plans for a cargo terminal in Obice, near Kielce. The centre would handle b ...
ING Hubs Poland is officially moving into its new headquarters in The Form office building in Warsaw’s Wola business district. The more than 6,000 sqm ...
Hillwood Polska has completed the sale of a warehouse and office complex in Oddział, in the municipality of Żabia Wola, to TOYA S.A. The development c ...
Panattoni has acquired two properties near Gothenburg, Sweden. The brownfield sites will be replaced by a modern 43,000 sqm facility.
Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures. Traditional infrastructure ...
RMF Group, owner of the RMF FM and RMF MAXX radio stations, has signed a long-term lease at DL Tower in Katowice. Under the agreement, signed on 15 Ju ...
ISS has taken over the technical facility management of Axis, an office building in Kraków owned by French fund Corum XL. The company is providing tec ...
Prague 14 has begun construction of a new primary school in Jahodnice. The school, at U Hostavického potoka Street, will accommodate 540 pupils, with ...
A historic tenement building on Koło’s Old Market Square is undergoing a comprehensive renovation. Built in 1887, the three-storey property will offer ...
Nhood has repurposed 65,000 sqm of retail space across Europe as part of a modernisation programme for shopping centres owned by Ceetrus and Auchan. I ...
Skanska has implemented a digital access control system at Studio A, an office building in Warsaw. The solution uses the company’s proprietary StudioA ...
CTP has signed a direct lease with Pepco for 55,619 sqm at CTPark Bucharest West in Romania. The retailer will operate a regional distribution centre ...
October 2026
Who will win and who will lose with changes to the land market
Who will win and who will lose with changes to the land market
Walter Herz
The biggest change to the land market in years is on the horizon. The spatial planning reform will mean that plots previously considered attractive may lose value, while land with ...
Sales up, supply down
Sales up, supply down
JLL Polska
In the first quarter of 2026, the Polish housing market recorded a significant increase in sales. A total of 12,900 apartments were sold across the country's seven largest cities ( ...
Rent isn't everything. The real costs of leasing warehouse space
Rent isn't everything. The real costs of leasing warehouse space
Newmark Polska
Choosing a new warehouse takes much more than simply comparing rental rates across a few or even a dozen centres. With rising energy costs and varying technical standards, the actu ...