Office & mixed-use development
Syrena Real Estate will refurbish its building at 18 Piękna Street in Warsaw and rebrand it as Elma. The project will modernise the offices, nearly double the retail space and replace the lower floors with a more open, glazed frontage. Work is due to start in Q1 2027 and finish in Q3 2028.
Residential
Residential developers sold 12,500 homes across Poland’s seven largest housing markets in the third quarter of 2026, up 5.7 pct from the previous quarter. They launched 12,800 new units, while the number of homes available for sale reached 70,200 at the end of September. According to real estate consultancy JLL, sales and new supply are broadly balanced, but the growing stock of completed unsold homes and shifting buyer sentiment point to a more uncertain outlook.
Construction
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.
Investment & finance
Poland’s increasingly mature retail park market is creating opportunities for portfolio transactions, allowing investors to expand their presence more quickly and allocate capital more efficiently. However, as highlighted in Retail Parks Uncovered, an investment report prepared by Avison Young in cooperation with CMS, Newgate Investment and PROH, these deals require careful legal due diligence, transaction structuring and risk management.
Residential
Archicom has launched sales for the fifth phase of its Modern Mokotów residential development in Warsaw, adding 119 apartments and six commercial units to the mixed-use project. The development is transforming the former office district of Służewiec into a residential neighbourhood that will eventually comprise more than 1,400 apartments.
Warehouse & industrial
IPPU Packaging, part of the European Prime Label Group, has relocated its operations to approximately 3,000 sqm of industrial space at Industra Park Iași, owned by Oresa Industra. Fit-out works were completed in spring 2026, with the facility’s official inauguration scheduled for mid-October.
Retail & leisure
LPP Group will open stores for Reserved, Mohito, House and Cropp at RIVUS, the mixed-use development taking shape in Cluj-Napoca, Romania. The four brands will occupy more than 3,500 sqm, expanding the retail offer of the EUR 550 mln project developed by IULIUS and Atterbury Europe.
Events
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 need, and how will it be generated?
Hotels
Green House Development has launched pre-sales for Building C, the final phase of its Wave Świnoujście Thermal & SPA development. The building will feature 192 finished apartments, around 2,000 sqm of thermal and spa facilities, massage rooms and a conference room. Completion is scheduled for the first quarter of 2030.
Office & mixed-use development
Central Poland has nearly 5.2 mln sqm of warehouse space, with a further 160,000 sqm under construction, according to Newmark Polska. While Łódź remains the region’s main economic centre, developers are increasingly building in nearby towns such as Stryków, Piotrków Trybunalski, Zgierz and Łowicz, where land is more readily available and rents and labour costs are lower.
Residential
Kamionek, in Warsaw’s Praga-Południe district, is transforming from an industrial area into a modern urban neighbourhood. Infrastructure upgrades, cultural projects and the planned M3 metro line are strengthening its residential appeal. Grupo Lar Polska and Galio Group are responding with Symfonia Praga, a residential development at ul. Owsiana 11.
Retail & leisure
Aurum Optics has opened its 27th store in Poland at Manufaktura shopping and leisure centre in Łódź. The new outlet combines eyewear from leading international brands with professional eye examinations and personalised optometric advice.
Residential
YIT Czechia is developing Kattila Kamýk in Prague 12. The 10-storey building, located at the intersection of Imrychova and Těšíkova streets, will comprise 73 apartments ranging from 30 to 100 sqm. Completion is scheduled for autumn 2028.
Residential
Zeitgeist Asset Management has achieved a BREEAM In-Use ‘Very Good’ certification for its Home by Zeitgeist Górskiego residential rental development in Oliwa, Gdańsk. It is the first PRS (private rented sector) project in the company’s Polish portfolio to undergo certification designed specifically for buildings already in operation.
Exclusive
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 Renaissance building in central Warsaw to its increasingly impressive and diverse portfolio. In our latest exclusive, we ask Witold Zatoński Kotomski, the founding partner of the company, about its plans for the historic property and where it’s planning to invest next.
Investment & finance
Romania’s commercial real estate investment market recorded EUR 679.9 mln in transactions involving office buildings, retail properties, logistics assets and hotels between January and September 2026, exceeding the total investment volume for the whole of 2025 by 19 pct. Approximately EUR 375 mln was transacted in the third quarter alone, according to an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.
Retail & leisure
Polish fitness chain Xtreme Fitness Gyms is expanding internationally. On 15 October, the brand will open its first club outside Poland in Opava, Czech Republic. The launch comes as the network reaches 200 clubs in its home market.
Retail & leisure
Bricomarché opened a new store in Włoszczowa, Poland, on 7 October. Located at 47 Czarnieckiego Street, the store offers around 23,000 products for home and garden and has created 20 jobs.
Office & mixed-use development
Knight Frank has been appointed exclusive leasing agent for VINCI Office Center at 100 Opolska Street in Kraków. The building, owned by Sharow Capital, offers around 21,000 sqm of office space.
Warehouse & industrial
Sereact, Zalando and CEVA Logistics have introduced AI-powered robots to process returns at logistics centres in Świebodzin, Poland, and Greven, Germany. The robots identify, pick up and sort returned fashion items, taking over repetitive tasks and easing the physical workload for warehouse staff.
Green House Development has launched pre-sales for Building C, the final phase of its Wave Świnoujście Thermal & SPA development. The building will feature 192 finished apartments, around 2,000 sqm of thermal and spa facilities, massage rooms and a conference room. Completion is scheduled for the first quarter of 2030.
Accor has signed a franchise agreement for the Tribe Kraków Airport hotel. Located next to the airport terminal, the 170-room property is scheduled to open in 2030.
Hotel revenues in Bucharest increased by 5 pct in the first half of 2026 compared with the same period last year, reaching a level 25.2 pct above pre-pandemic figures, according to Cushman & Wakefield Echinox.
Bob W has signed a long-term deal to operate a new aparthotel at Krulli Kvartal, part of the 10.2 ha regeneration of the historic Krulli industrial quarter in Tallinn. The property is scheduled to open in the first quarter of 2028.
More than 90 pct of European investors plan to maintain or increase their investment in hotel real estate in 2026, according to the latest CBRE survey. Prague has moved into the top 10 European cities for hotel investment, sharing seventh place with Copenhagen, Rome, Geneva and Athens.
Mövenpick has opened its first hotel on Croatia’s Adriatic coast in Novi Vinodolski. The resort includes 198 hotel rooms and suites, as well as 304 privately owned residences, with the first phase already on sale at prices starting from EUR 345,000.
Hotel investment transactions in Poland were worth EUR 59 mln in the first half of 2026, down 24 pct year on year. At the same time, Warsaw is expected to be the fastest-growing hotel market among the CEE-6 capitals in terms of room supply in 2026, with a forecast increase of 7.2 pct.
Green House Development is launching pre-sales of suites at Wave Ustka Thermal & Spa, the third development under the Wave brand on the Polish coast, located around a ten-minute walk from the centre of Ustka and around 120 km from the Tricity area.
Accor has announced the opening of the Mercure Oradea. The new 90-room hotel is the hospitality group’s 26th location in the country. It is managed by local company Grand Hotel West under a franchise agreement, with Spark Hospitality as its operator.
Saltic, a Polish hotel developer and operator, has appointed Mirbud to construct its Saltic Zieleniec development in Duszniki-Zdrój with work to begin in early August 2026 and completion scheduled for July 2028.
Marvipol has launched sales for suites in its latest hospitality project, Unique Hotel Kołobrzeg. The five-star complex, comprising 227 suites, ranging in size from 25 to 104 sqm.will be built at ul. Sułkowskiego 7 in Kołobrzeg.
Deutsche Pfandbriefbank (Pbb) has provided EUR 123 mln in investment financing to funds managed by Cerberus Capital Management and Revetas Capital for the refinancing of the Radisson Blu hotel complex in central Bucharest. The bank acted as the financing arranger and sole lender.
Warsaw-based private equity investment manager Griffin Capital Partners and Berlin-based hospitality operator Primestar Group have launched Prime Griffin Hotels, a 50/50 JV to build a Polish hotel platform.
aHouse Development will deliver a new hotel on ul. Daleka in the centre of Grodzisk Mazowiecki, marking the company’s entry into the hospitality real estate segment.
In 2027, the first Swissôtel hotel in Poland will open in Gdynia. The project, being developed in partnership with Allenort Group, will be part of the Waterhall complex.
According to the latest study by Cushman & Wakefield, Warsaw remains one of the strongest hotel markets in the CEE region. In 2025, the city recorded one of the highest RevPAR increases among CEE-6 cities, while also leading the growth in hotel room supply.
Bucharest’s hotel market recorded the strongest performances in Central and Eastern Europe (CEE) in 2025, with revenue per available room (RevPAR) increasing by 12 pct year-on-year, outperforming the CEE-6 average, according to a market analysis conducted by Cushman & Wakefield.
Kempinski Hotels has acquired the Augustine Hotel in Prague. This is the first acquisition for the hospitality group in over 50 years, since it bought the Hotel Vier Jahreszeiten Kempinski Munich in 1970.
The Czech hotel market is building on an exceptionally strong year in 2025, marked by a significant increase in transaction volumes and investor interest. According to Cushman & Wakefield, a total of 16 hotels were sold in the Czech Republic, representing 2,989 rooms and a total transaction volume of EUR 764 mln. Based on available data, this represents the highest annual transaction volume ever recorded on the Czech hotel market.
Mercure has signed a contract to develop a hotel in Craiova and has also announced it is to open the Mercure Oradea hotel.
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 ...
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 gros ...
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.
Poland’s growing data centre market could create a significant new source of waste heat for heating networks. According to analysis by the Polish Data ...
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 ...
More than 97 pct of newly developed office space in Poland is environmentally certified. Certification has therefore become standard, while the buildi ...
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 ...
Poland’s increasingly mature retail park market is creating opportunities for portfolio transactions, allowing investors to expand their presence more ...
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 ...
Syrena Real Estate will refurbish its building at 18 Piękna Street in Warsaw and rebrand it as Elma. The project will modernise the offices, nearly do ...
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 ...
Residential developers sold 12,500 homes across Poland’s seven largest housing markets in the third quarter of 2026, up 5.7 pct from the previous quar ...
LPP Group will open stores for Reserved, Mohito, House and Cropp at RIVUS, the mixed-use development taking shape in Cluj-Napoca, Romania. The four br ...
Skanska has implemented a digital access control system at Studio A, an office building in Warsaw. The solution uses the company’s proprietary StudioA ...
IPPU Packaging, part of the European Prime Label Group, has relocated its operations to approximately 3,000 sqm of industrial space at Industra Park I ...
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 ...