PL

Magnolia extended again

Retail & leisure
POLAND Extension work on the Magnolia Park shopping centre has entered a new phase, in which the restaurant zone is to be moved and enlarged.
With new tenants set to open in the area, it will have 21 bars and restaurants. The newcomers include Multifood STP bar, Ohh! Sushi & Grill, Sevi Oriental, Burger King and KFC. The extension of Magnolia Park, which will add 20,000 sqm to the total area, started in early 2013. Currently it offers 77,590 sqm. The mall is owned by Blackstone Real Estate Group’s King’s Street Retail platform.

Latest news

Warehouse & industrial

Poland On track to reach 30 mln sqm

schedule 29 March 2023
Opr./edited by ANZ

In 2022, the Polish industrial and warehouse market maintained its solid growth momentum despite headwinds such as project financing constraints and rising occupancy costs. The expected decline in new supply and shrinking land availability are likely to result in a supply gap in the space of the next year or so, says real estate advisory firm Savills.

Warehouse & industrial

Polska More space for Reka Rubber

schedule 29 March 2023
Opr./edited by ANZ

Reka Rubber Polska, manufacturer of rubber products, will double its lease at MLP Poznań West to close to 4,000 sqm. The company is expected to move into the new facility in the second quarter of 2023.

Warehouse & industrial

POLAND CTP goes north – to Gdańsk

schedule 28 March 2023
Opr./edited by NN

Czech warehouse developer CTP has entered Poland’s Pomerania region, where it will soon be launching the construction of the 119,000 sqm CTPark Gdańsk Port.

Green projects

Poland Very Green Norblin

schedule 28 March 2023
Opr./edited by ANZ

Owned by the Capital Park Group, the Warsaw mixed use complex Norblin Factory has received the final BREEAM certificates for both its office and retail sections. A photovoltaic system has been installed in the complex, and the managers are continuing their efforts to steadily reduce the property’s carbon footprint.

Warehouse & industrial

Poland Panattoni goes fourth in Lublin

schedule 28 March 2023
Opr./edited by ANZ

Panattoni has started the construction of Panattoni Park Lublin IV. The two-building complex with 53,900 sqm should be completed later this year.

Warehouse & industrial

Poland Let there be light in Panattoni Park Sosnowiec II

schedule 28 March 2023
Opr./edited by ANZ

Lighting company Wojnarowscy has renewed a lease agreement for 3,870 sqm of warehouse and office space in Panattoni Park Sosnowiec II.

Warehouse & industrial

Germany Garbe will build in the Halle/Leipzig area

schedule 28 March 2023
Opr./edited by ANZ

Garbe has acquired a plot of land of around 100,000 sqm in Kabelsketal (Saxony-Anhalt, Germany). A logistics property with a total area of approx. 61,500 sqm is planned on the site. Garbe is investing around 76 mln euros in the project. Construction is scheduled to start in October.

Office & mixed-use development

Poland State-of-the-art furniture in Textorial Park

schedule 28 March 2023
Opr./edited by ANZ

Textorial Park office campus in Łódź welcomed a new tenant. .mdd, manufacturer of office furniture has leased 317 sqm in the historic Building A. The space occupied by .mdd comprises the company’s offices and a showroom.

Warehouse & industrial

Poland From gas bottling plant to Panattoni park

schedule 27 March 2023
Opr./edited by ANZ

Panattoni has started the development of 25,000 sqm of speculative space on ul. Dostawcza in Łódź. It is to be a brownfield development built on the site of a former gas bottling plant.

Residential

Poland Millions for Neo Natolin

schedule 27 March 2023
Opr./edited by ANZ

Real Management has announced funding for construction of the first stage of the Neo Natolin housing estate. The company has received funding of PLN 125 mln for the residential project which is being developed in Warsaw’s Wilanów district, at ul. Stefana Korbońskiego.

Hotels

Saudi Arabia 4,400 hotel rooms for the Holy City of Madinah

schedule 27 March 2023
Opr./edited by ANZ

Marriott International, announced it has signed an agreement with Rua Al Madinah Holding Company to open eight hotels in the Holy City of Madinah in Saudi Arabia.

Retail & leisure

Poland Glinianka is filling up

schedule 24 March 2023
Opr./edited by ANZ

Jysk, which took up around 1,300 sqm, and Piekarnia Cukiernia Grzybki bakery (around 170 sqm) are new tenants at the Glinianka retail park. The park is being built in the village of Łubna, near Warsaw, and will provide the Mazovian market with around 10,000 sqm of leasable space. 

Office & mixed-use development

Poland Intive flexible in Warsaw

schedule 24 March 2023
Opr./edited by ANZ

Intive global tech company has let 62 workstations in the flexible Myhive offices belonging to CPI Property Group.

Eurobuild FM

Warsaw - Cannes Big business under the palm trees (ep. 6)

schedule 23 March 2023
Eurobuild CEE

A huge bombshell for the finale of the Cannes podcast – as many as FIVE of the top experts in the last episode of the series! Some famous names and also some less well-known to us are now poised to enter the Polish market! And you can listen to them here!

Office & mixed-use development

Poland Vibe emerges from the ground

schedule 23 March 2023
Opr./edited by ANZ

The Vibe office building in Warsaw is now taking shape, with the completion of its underground structure.

Investment & finance

Czech Republic Strong CTP in the Czech Republic

schedule 23 March 2023
Opr./edited by ANZ

2022 was a successful year for the property developer CTP. The company, operating in 10 European countries, has successfully managed to deal with the impact of global events on the European market. In 2022, the portfolio area in the Czech Republic was expanded by 300,000 sqm, bringing the total area to 3.8 mln sqm. Rental income increased by 13 pct year-on-year to EUR 230.3 mln. At present, CTP is the largest player in the Czech industrial-logistics property market with a 28 pct share.

Investment & finance

Romania K+K Elisabeta bought for Peakture

schedule 23 March 2023
Opr./edited by ANZ

Lorand and Zsuzsanna Szarvadi, the owners of the Balvanyos Resort & Spa in Covasna, acquired the K+K Elisabeta hotel located in the Bucharest city centre, and they will relaunch it under the newly established Peakture hotel brand.

Residential

Poland Promising Polish PRS

schedule 23 March 2023
Opr./edited by JC

According to the latest Avison Young report, at the end of 2022, there were over 9.4 thousand units in the pool of apartments for institutional rent in Poland, and another 13 thousand flats were under construction. The prolonging conflict in Ukraine and the significantly reduced credit scores increase the demand for renting apartments and thus, affect the development of the PRS market in Poland.

Warehouse & industrial

Romania Sun Wave Pharma in CTPark Bucharest South

schedule 22 March 2023
Opr./edited by ANZ

CTP has leased an area of 2,800 sqm to the food supplements manufacturer Sun Wave Pharma in the industrial park CTPark Bucharest South, located in the south of Bucharest, in the Popești - Leordeni area. From here, the products of the company will be delivered to both Romania and Bulgaria, with the warehouse acting as a regional hub.

Office & mixed-use development

Poland Demand is strong, but renting expensive

schedule 22 March 2023
Opr./edited by ANZ

The scale of office investments carried out in Poland today is much smaller than in previous years, while the demand for space is still high, according to consultants from Walter Herz.

Latest in Retail & leisure

schedule 24 March 2023

Glinianka is filling up

Jysk, which took up around 1,300 sqm, and Piekarnia Cukiernia Grzybki bakery (around 170 sqm) are new tenants at the Glinianka retail park. The park is being built in the village of Łubna, near Warsaw, and will provide the Mazovian market with around 10,000 sqm of leasable space. 

schedule 08 March 2023

Carrefour takes over in Plac Unii

A 3,000 sqm Carrefour supermarket is to open in thee Plac Unii office and retail complex in Warsaw, where it will replace Supersam, which operated in the complex until the end of 2022.

schedule 24 February 2023

Turawa Park ready for extension

Focus Estate Fund will soon start work on the extension of the Turawa Park shopping centre in Opole. The end of the redevelopment is scheduled for the fourth quarter of this year.

schedule 27 January 2023

Forum Gdańsk has new manager

In January 2023, Sierra Balmain commenced cooperation in the field of lease management and the provision of financial and corporate accounting services for the Forum Gdańsk shopping centre, owned by NEPI Rockcastle.

schedule 26 January 2023

Dawna Fabryka to replace former factory

The Dawna Fabryka retail park is to be built on the site of the former ZREMB Foundry near the centre of Jelenia Góra in southwestern Poland.

schedule 19 January 2023

Focus turns to Ferio Legnica

Focus Estate Fund has acquired the 13,200 sqm Ferio Legnica shopping centre in southwest Poland from Raiffeisen Bank International for an undisclosed sum.

schedule 18 January 2023

Strong retail in Romania

Cushman & Wakefield Echinox has presented its report on Romanian retail market. The development activity in the retail sector remains animated, with over 230,000 sqm planned to be delivered in 2023, which is the highest level of the last six years.

schedule 02 January 2023

Baltic Horizon sells Europa parking

BH Europa UAB, an SPV of Baltic Horizon real estate fund, has completed the sale of its share in the car park building of the Europa shopping centre in Vilnius to the UAB Prime Location Property Fund.

schedule 27 December 2022

Work shopping balance

Nooka Space has launched a smart flex office service within Nepi Rockcastle shopping malls across Romania. Each office booth, whether indoor or outdoor, offers a high level of privacy and the optimal conditions to work, by creating an island of silence in an open or crowded area. The structure of the booth offers a high level of safety, shielding users from the outside conditions.

schedule 22 December 2022

Frogs on the motorway

Drivers travelling along the A2 motorway can now do their fast shopping in two Żabka shops located in travel service areas, the so-called MOPs. The format of the shops has been adapted to the needs of travellers, who can enjoy an extended offer of hot snacks, coffee and sandwiches and salads.

schedule 20 December 2022

Nepi Rockcastle buys Forum Gdańsk for EUR 250 mln

Nepi Rockcastle has acquired Forum Gdańsk shopping centre from Blackstone for EUR 250 mln. The acquisition represents one of the biggest single-asset shopping centre transactions by value in Europe and the largest in the CEE region in 2022.

schedule 16 December 2022

32-up for Trei in Mielec

German developer Trei Real Estate has opened its 32nd Polish Vendo Park retail park – in Mielec, in the country’s southeastern Podkarpackie (Subcarpathia) province.

schedule 09 December 2022

Iulius opens second Iași Family Market

Iulius has opened its second Family Market strip mall this year, in the Bucium district of Iași in eastern Romania, following the opening of another centre in Miroslava in the same city.

schedule 08 December 2022

Atut Galicyjska opens in Nowa Huta

KG Group has opened the Atut Galicyjska retail park complex in Kraków – the two joint centres together have an area of 20,000 sqm gla.

schedule 06 December 2022

ROS grows in Poland

ROS Retail Outlet Shopping strengthens its activity in Poland. The Austrian company plans extension in Gdańsk in 2023 and the new project in Kraków in 2024.

schedule 29 November 2022

Mitiska and Karuzela open Kołobrzeg centre

Mitiska REIM and Karuzela Holding have opened a new convenience shopping centre mall in Kołobrzeg on Poland's Baltic coast. The new centre contains 40 shops on an area of 19,800 sqm and offers parking for 1,000 vehicles.

schedule 25 November 2022

Forum Palermo rejuvenated

Multi, a platform for integrated real estate management services, has recently refurbished and extended Forum Palermo, the largest shopping centre in north-west Sicily.

schedule 25 November 2022

Sinsay expands in Romania

New Sinsay stores will be opened in retail parks located in Timisoara and Vaslui. These are the next points of this brand in Romanian commercial facilities, which are being developed by the Polish company Scallier. 

schedule 22 November 2022

Strong retail market in Romania

Cushman & Wakefield Echinox, the exclusive affiliate of Cushman & Wakefield in Romania, has presented its study on different retail market segments activity in Romania. The cumulative turnover of the 6,000+ stores operated by large retailers increased by 20 pct, more than the inflation rate and the national consumption growth.

schedule 17 November 2022

NEPI buys Copernicus in Toruń

NEPI Rockcastle has entered into a binding agreement to acquire the Atrium Copernicus shopping centre in Toruń.

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