Impact faces takeover

Investment & finance
ROMANIA The shareholding of Gheorghe Iaciu in Impact Developer & Contractor has grown to over 33 pct, the threshold at which under Romanian law he is compelled to make a mandatory takeover offer for the entire share capital of the company.
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Gheorghe Iaciu, who is the owner of the Doraly Expo Market, a commercial centre and business park in Afumați in Southern Romania, began investing in Impact, the developer of the Greenfielsd residential estate in Bucharest, in March. Now, he is to offer RON 19.6 mln (EUR 4.4 mln) at RON 0.16 per share for 122.6 mln shares representing the remaining 62 pct stake in the Bucharest Stock Exchange listed company. The offer should be completed by October 16th.


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Warehouse & industrial

Romania Industra Park Iași set to grow

schedule 11 September 2025
Opr./edited by AH

Oresa Industra has been granted a building permit for a 15,000 sqm expansion of Industra Park Iași in Lețcani, with delivery scheduled for the first half of next year.

Office & mixed-use development

Poland Skyliner II shooting up

schedule 11 September 2025
Opr./edited by AH

The construction of the second phase of the Skyliner office complex in Warsaw, owned by the Karimpol Group, has reached the halfway point. At a height of 65 metres, the walls of the 15th floor are currently being built, which means that the structure has reached half of its target height. All construction work is scheduled to be completed by the end of Q4 2026.

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Czech Republic Yanfeng warehouse sold to Clarion Partners

schedule 11 September 2025
Opr./edited by AH

Sale and leaseback specialist Clarion Partners Europe has acquired a 47,000 sqm warehouse in Zatec, Czech Republic, for around EUR 50 mln on behalf of one of its commingled funds. 

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Poland Building momentum for the future

schedule 11 September 2025
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The Bricomarché chain is celebrating its 25th anniversary in Poland. On this occasion, we speak with Katarzyna Jańczak-Stefanide, General Manager of the chain in Poland.

Investment & finance

Poland Financing for Sosnowiec V

schedule 10 September 2025
Opr./edited by AH

Panattoni has secured a loan for EUR 30.5 mln from PKO Bank Polski to finance the development of its Panattoni Park Sosnowiec V complex.

Hotels

Romania Romanian hotels grow

schedule 10 September 2025
Opr./edited by AH

 Occupancy rates increased by around 4 pct in the first six months of the year compared to the same period of 2024, according to a report by Cushman & Wakefield Echinox with the figures based on the STR data. The average daily rate (ADR) grew by circa 8 pct in local currency. This resulted in a spectacular 12 pct increase in RevPAR YTD 2025 versus 2024.

Office & mixed-use development

Poland Grant Thornton to move into the Bridge

schedule 09 September 2025
Opr./edited by AH

Grant Thornton, a global auditing and advisory firm, has joined the tenants in The Bridge – Ghelamco's newest Warsaw development. The company will occupy nearly 2,400 sqm of office space on the 17th and 18th floors.

Office & mixed-use development

Poland Exact Sciences enters Lixa D

schedule 09 September 2025
Opr./edited by AH

Exact Sciences, a global leader in molecular diagnostics and early-stage cancer detection, has opened its international support centre in Warsaw. The company has leased over 1,800 sqm in the Lixa D office building on ul. Giełdowa.

Warehouse & industrial

Poland Hopi stays on with P3

schedule 09 September 2025
Opr./edited by AH

P3 has extended its long-term lease for nearly 34,000 sqm of warehouse and office space with Hopi in its P3 Mszczonów park. Hopi is involved in warehousing, co-packing, and freight forwarding services for leading FMCG manufacturers and retail chains.

Infrastructure

Romania Strabag constructs Deleni wind farm

schedule 09 September 2025
Opr./edited by AH

Strabag has been commissioned to erect 23 GE Vernova wind turbines, each with a capacity of 6.1 MW by PPC Renewables Romania. The 140 MW wind farm Deleni will be the largest renewable energy plant in the Moldova region.

Office & mixed-use development

Poland Offices Are Making a Comeback

schedule 08 September 2025
Opr./edited by AH

Demand for office space in Poland is on the rise, particularly in regional cities. The trend of downsizing office footprints is reversing, as companies are beginning to expand their workspace once again, claims consultancy Walter Herz

Warehouse & industrial

Romania VGP builds in Bucharest

schedule 08 September 2025
Opr./edited by AH

VGP has begun construction on the first building of VGP Park Bucharest 2. The project will comprise over 114,000 sqm.

Investment & finance

Poland Scallier sells project to Centerscape

schedule 08 September 2025
Opr./edited by AH

Poznań-based Scallier has sold a commercial property in Nowa Wieś near Pruszków within the Warsaw urban area to Centerscape.

Investment & finance

Poland AFI buys out Echo's share of Office House

schedule 05 September 2025
Opr./edited by AH

AFI and Echo Investment, the developers of the Towarowa22 project, have signed a deal under which AFI becomes the sole owner of the Office House office building. Echo Investment sold AFI its 30 pct stake in the building, which was valued for the purposes of the transaction at EUR 160.5 mln.

Investment & finance

Poland Dom Dochodowy sold

schedule 05 September 2025
Opr./edited by AH

Generali Fund Realit, managed by Generali Investments CEE, has acquired the historic Dom Dochodowy building, on pl. Trzech Krzyży in central Warsaw.

Warehouse & industrial

Germany Siemens Energy comes to Mülheim

schedule 04 September 2025
Opr./edited by AH

CTP has signed a lease agreement with Siemens Energy Global for the development of 20,000 sqm in CTPark Mülheim in North Rhine-Westphalia.

Residential

Work begins on Awangarda Mogilska

schedule 04 September 2025
Opr./edited by AH

Skanska Residential Development has begun construction work on the first stage of its Awangarda Mogilska development in Kraków. A total of 278 apartments and six commercial units are to be completed by March 2028.

Office & mixed-use development

Poland Astellas comes to the Bridge

schedule 04 September 2025
Opr./edited by AH

Astellas Pharma Global Capability Centre has joined the tenants of The Bridge in Warsaw. The international pharmaceutical company will occupy two floors of the building.

Warehouse & industrial

Germany Invesco develops 36,000 sqm near Munich

schedule 04 September 2025
Opr./edited by AH

Invesco Real Estate has acquired a 5.1 ha plot in Maisach, near Munich, where a new logistics centre of ​​around 36,000 sqm is to be built. Electronic component distributor TTI has already leased all the available space.

Residential

Poland More Resi4Rent apartments in Kraków

schedule 03 September 2025
Opr./edited by AH

Resi4Rent has opened a new centre on ul. Romanowicza in Kraków with 873 fully-furnished rental apartments, coworking areas, a cinema, green patios, and terraces.

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schedule 11 September 2025

Yanfeng warehouse sold to Clarion Partners

Sale and leaseback specialist Clarion Partners Europe has acquired a 47,000 sqm warehouse in Zatec, Czech Republic, for around EUR 50 mln on behalf of one of its commingled funds. 

schedule 10 September 2025

Financing for Sosnowiec V

Panattoni has secured a loan for EUR 30.5 mln from PKO Bank Polski to finance the development of its Panattoni Park Sosnowiec V complex.

schedule 08 September 2025

Scallier sells project to Centerscape

Poznań-based Scallier has sold a commercial property in Nowa Wieś near Pruszków within the Warsaw urban area to Centerscape.

schedule 05 September 2025

AFI buys out Echo's share of Office House

AFI and Echo Investment, the developers of the Towarowa22 project, have signed a deal under which AFI becomes the sole owner of the Office House office building. Echo Investment sold AFI its 30 pct stake in the building, which was valued for the purposes of the transaction at EUR 160.5 mln.

schedule 05 September 2025

Dom Dochodowy sold

Generali Fund Realit, managed by Generali Investments CEE, has acquired the historic Dom Dochodowy building, on pl. Trzech Krzyży in central Warsaw.

schedule 03 September 2025

BNP Paribas lends Panattoni EUR 20.2 mln

Financing has been secured for the expansion of Panattoni Park Gdańsk West II in Pomerania. BNP Paribas Bank Polska issued the EUR 20.2 mln loan for the construction of a third building.

schedule 02 September 2025

Financing for Chmielna 89

Madison International Realty and Cavatina Holding have secured EUR 61 mln in refinancing from Santander and Bank Pekao for Chmielna 89, a landmark office building in central Warsaw.

schedule 02 September 2025

Saller takes on Nad Jeziorem

Stage Capital has sold the Galeria Nad Jeziorem shopping centre in Konin with around 21,000 sqm gla to Saller Group. Avison Young’s investment team represented the seller as the exclusive sales agent, with Wolf Theiss acting as the legal advisor.

schedule 02 September 2025

Blue Rock sells in Cologne

Real estate investment firm Blue Rock has sold an office property in Cologne to an international industrial company. The sale price is in the mid-double-digit million-euro range. 

schedule 29 August 2025

Vibe sold

Ghelamco has sold the Vibe office building in Warsaw to investment firm Manova Partners in one of the largest office transactions in the CEE region this year. 

schedule 26 August 2025

Czech Republic overtakes Poland

The first half of 2025 saw further improvement in the commercial real estate market in CEE. According to Knight Frank, the total investment transaction volume in the region's five key markets (Czech Republic, Poland, Romania, Slovakia, and Hungary) came to nearly EUR 5 bln.

schedule 25 August 2025

Record H1 dominated by domestic capital

While foreign funds are hesitant, domestic capital is not afraid of large acquisitions: from luxury hotels to office complexes. The share of Czech investors in total transactions has reached 78 pct, with the Czech commercial real estate market posting its strongest half-year results since 2017, according to the latest figures from Colliers.

schedule 21 August 2025

Ashtrom buys Cologne office property

Sonar Real Estate has sold an office building on Siegburger Strasse in Cologne-Deutz for an undisclosed sum. The buyer is Ashtrom Properties Germany.

schedule 19 August 2025

Sonar Real Estate sells office property in Oldenburg

Sonar Real Estate has sold an office property in Oldenburg on behalf of a pan-European real estate investment manager.

schedule 18 August 2025

CEREF sells two centres

Martley Capital has completed the sale of two warehouse assets in Croatia from their Central European Value Add Fund, known as CEREF.

schedule 14 August 2025

BIG with a big loan

BNP Paribas has granted Big Poland a PLN 58 mln loan. This includes the refinancing of existing facilities and financing for the purchase of three retail parks: Big Andrychów, Big Lubin and Park Koszalin. Altogether, the three parks comprise 54,500 sqm gla.

schedule 13 August 2025

Newgate on shopping spree

Newgate Investment has finalised the purchase of the Fabryka Park retail park on ul. Armii Krajowej in Katowice, comprising 8,800 sqm, from TDJ Estate. 

schedule 13 August 2025

EBRD invests in tech

The European Bank for Reconstruction and Development will invest EUR 20 mln in Spire Capital Partners Fund I – a new, independent private equity fund that will support the development of companies in Poland and other CEE countries.

schedule 06 August 2025

Pbb lends EUR 40 mln to to Resolution Capital Management

Deutsche Pfandbriefbank AG (pbb) has granted an investment loan facility of EUR 40 mln to an office fund to finance the acquisition of two neighbouring office buildings in Warsaw. The financing is also to be used to modernise the buildings and improve their ESG standards.

schedule 05 August 2025

Stable investment over H1

The total investment volume in commercial real estate reached EUR 1.7 bln in the first six months of 2025, write BNP Paribas Real Estate Poland in its latest report entitled 'Review: Investment Market in Poland, Q2 2025'. The report notes the rise of domestic capital to be of particular significance.

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Edition 7 (300) July 2025

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