Two re-sign for Rondo 1

Office & mixed-use development
POLAND Two tenants have re-signed contracts for office space in the Rondo 1 skyscraper in central Warsaw.
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US energy corporation Conoco Phillips will now be occupying an additional 250 sqm bringing its total area up to 750 sqm, while Polish investment fund Opera TFI has renewed its lease of 500 sqm for a further five years. Rondo 1 is owned by MGPA on behalf of MGPA Europe Fund II and offers 66,000 sqm of leasable space.

Latest news

Investment & finance

Poland Millions by the sea

schedule 19 February 2025
Opr./edited by JC

Panattoni has secured EUR 17.3 mln in financing from Santander for Panattoni Park Gdańsk City Airport. The project consists of two speculative distribution facilities.

Investment & finance

Poland IHG invests in urban micro-hotels

schedule 19 February 2025
Opr./edited by ANZ

IHG Hotels & Resorts acquires the Ruby hotel brand for an initial purchase price of EUR 110.5 mln, or approx. USD 115 mln. Ruby is the 20th brand in the IHG portfolio.

Office & mixed-use development

Poland Tenants expect sustainable solutions

schedule 19 February 2025
Opr./edited by JC

In the last quarter of 2024, Warsaw’s office market continued to experience stable occupier demand amid constrained new supply, reveals “At a Glance: Warsaw Office Market, Q4 2024”, a report from BNP Paribas Real Estate Poland.

Warehouse & industrial

Poland Volkswagen is loyal to Segro

schedule 19 February 2025
Opr./edited by JC

Segro has extended its lease agreement with Volkswagen Group Polska for over 32,000 sqm at Segro Logistics Park Poznań, Komorniki.

Investment & finance

Poland Office sale in Szczecin

schedule 18 February 2025
Opr./edited by JC

Blackstone has sold the Szczecin office building Piastów Office Center. The buyer is a joint venture of Bud Holdings and Investika Real Estate Fund.

Office & mixed-use development

Poland Cornerstone stays in High5ive

schedule 18 February 2025
Opr./edited by JC

Cornerstone OnDemand has decided to remain in Cracow’s High5ive complex. The company has extended the lease for over 1,500 sqm of space.

Office & mixed-use development

Poland Pegasystems stays at B4B for longer

schedule 18 February 2025
Opr./edited by ANZ

Pegasystems has extended its lease agreement at the Bonarka for Business office complex. The software development company leases a total of almost 4,000 sqm of office space in Building C and has been present in the complex since 2011.

Office & mixed-use development

Poland Developers exercise caution in new investments 

schedule 18 February 2025
Opr./edited by ANZ

According to the Axi Immo report ‘Office Market in Regional Cities’, which summarises the situation in the eight largest regional office markets in Poland, despite challenges in gross demand, stabilisation is still being observed. Decisions to start new investments are being made with great caution, and office building owners are focusing on improving the standard of the properties.

Office & mixed-use development

Poland Clyde & Co chooses The Form

schedule 18 February 2025
Opr./edited by ANZ

In May, the new headquarters of the global law firm Clyde & Co will open in The Form office building. The company's Warsaw office will occupy 1,100 sqm.

Investment & finance

Slovakia CPI Europe sells property portfolio in Bratislava

schedule 18 February 2025
Opr./edited by ANZ

CPI Europe Group has agreed to sell an office and retail complex in the Slovak capital to Wood & Company, thus taking another step in its strategic portfolio optimisation.

Warehouse & industrial

Poland Hillwood grows in Tri-City

schedule 17 February 2025
Opr./edited by JC

Hillwood has expanded its Polish portfolio with a logistics park spanning nearly 43,000 sqm in the eastern part of Gdańsk.

Warehouse & industrial

Czech Republic Low completions, rising vacancy

schedule 17 February 2025
Opr./edited by JC

According to the quarterly survey conducted by Colliers, the Q4 of 2024 did not bring any significant change to the Czech industrial and logistics real estate market.

Warehouse & industrial

Czech Republic CTP sparks development for Hitachi

schedule 17 February 2025
Opr./edited by JC

CTP has launched a development project for Hitachi Energy at CTPark Brno. Phase I of the high-voltage products factory will involve the construction of a 50,000 sqm facility.

Warehouse & industrial

Poland Delta expands in Silesia

schedule 14 February 2025
Opr./edited by JC

Delta Trans Group has decided to expand its leased space at the Hillwood Ruda Śląska complex by an approx. 9,300 sqm. The logistics operator will now use a total of 27,000 sqm.

Office & mixed-use development

Poland Coworking with a view

schedule 14 February 2025
Opr./edited by JC

AND2, the tallest building in Poznań, is gaining a new tenant. BeIN Offices will offer coworking space located on two storeys, with a view of the city skyline.

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. 

Latest in Office & mixed-use development

schedule 19 February 2025

Tenants expect sustainable solutions

In the last quarter of 2024, Warsaw’s office market continued to experience stable occupier demand amid constrained new supply, reveals “At a Glance: Warsaw Office Market, Q4 2024”, a report from BNP Paribas Real Estate Poland.

schedule 18 February 2025

Cornerstone stays in High5ive

Cornerstone OnDemand has decided to remain in Cracow’s High5ive complex. The company has extended the lease for over 1,500 sqm of space.

schedule 18 February 2025

Pegasystems stays at B4B for longer

Pegasystems has extended its lease agreement at the Bonarka for Business office complex. The software development company leases a total of almost 4,000 sqm of office space in Building C and has been present in the complex since 2011.

schedule 18 February 2025

Developers exercise caution in new investments 

According to the Axi Immo report ‘Office Market in Regional Cities’, which summarises the situation in the eight largest regional office markets in Poland, despite challenges in gross demand, stabilisation is still being observed. Decisions to start new investments are being made with great caution, and office building owners are focusing on improving the standard of the properties.

schedule 18 February 2025

Clyde & Co chooses The Form

In May, the new headquarters of the global law firm Clyde & Co will open in The Form office building. The company's Warsaw office will occupy 1,100 sqm.

schedule 14 February 2025

Coworking with a view

AND2, the tallest building in Poznań, is gaining a new tenant. BeIN Offices will offer coworking space located on two storeys, with a view of the city skyline.

schedule 13 February 2025

ARM chooses Millennium

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.

schedule 13 February 2025

Office market grows in Cluj-Napoca

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.

schedule 11 February 2025

Stable demand and investment recovery

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.

schedule 10 February 2025

From coworking to its own office

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.

schedule 06 February 2025

New projects limited to prime locations

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.

schedule 06 February 2025

Da Grasso chooses Green Horizon for its new head office

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. 

schedule 06 February 2025

Brno Jedna set to launch

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.

schedule 06 February 2025

VSoft stays in B4B

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. 

schedule 05 February 2025

Revetas Capital attracts new tenant

Revetas Capital has secured a new lease agreement in Bonarka for Business with EFL, a Polish leasing company. 

schedule 04 February 2025

Getinge settles in Enterprise Park

Getinge, a provider of innovative medical solutions, has joined the tenants of Kraków's Enterprise Park office complex. The company has leased more than 1,900 sqm of office space on the third floor of Building D. The tenant will move into its new premises in March.

schedule 31 January 2025

Office development activity focuses on the central areas

The year 2024 saw a period of stabilisation in the Warsaw office market, with an increasing concentration of new supply in the city centre and a high proportion of lease renegotiations. Key market drivers in 2025 will include the limited availability of large office spaces, the growing importance of ESG criteria, and the continued expansion of flexible office solutions, according to  Axi Immo's latest market report, Office Market in Warsaw 2024.

schedule 30 January 2025

Modernisation on an XXL scale

We talk to Karol Klin, who has recently joined the Cornerstone Investment Management team, taking on the role of commercial real estate director, and has also taken on the coordination of the leasing of the V Tower development as leasing director at the project's special purpose vehicle.

schedule 30 January 2025

Arup stays in Korona

GTC has extended its lease agreement with Arup, an engineering and consulting firm. The company also carried out an renovation of the leased space in Kraków's Korona Office Complex.

schedule 30 January 2025

Big moves for Alior

Alior Bank will move its Warsaw headquarters and Kraków office to new locations. The company will occupy spaces in Varso Place and Ocean Office Park B.

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Edition 1 (295) January 2025

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