PL

TomTom in Orion Business Tower

Office & mixed-use development
POLAND Traffic view and map product company TomTom has signed a lease agreement for app. 1,000 sqm of office space in the Orion Business Tower in Łódź.
The company will occupy the highest floors of the building. JLL supported the tenant in selecting the location and negotiating lease terms. “This lease agreement is another good sign for the office market in Łódź. Tenant interest remains high – comparable to the excellent 2014, which saw gross take-up in Łódź finish on 45,700 sqm. By the end of H1 2015, take-up was in excess of 23,000 sqm,” commented Izabela Ciszewska, a senior consultant in the tenant representation depa
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Latest news

Investment & finance

Poland DL Invest acquires major brownfield site

schedule 23 December 2024
Opr./edited by JC

DL Invest Group has finalized the acquisition of a production and warehouse complex in Bielsko-Biała, with a total rental area exceeding 270,000 sqm.

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Poland Galant Ząbkowska Apartments with FusionLive

schedule 02 December 2024
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Peninsula Property is an investor and development company that builds high-quality, thoughtfully designed apartment buildings, boutique residences and hotels to ensure the best possible experience for future residents and tenants. It stands out for its innovative designs and concepts in the Polish market.

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Czech Republic & Slovakia Blackstone acquires CT Real Estate

schedule 20 December 2024
Opr./edited by ANZ

Contera has announced a strategic partnership with Blackstone, the world's largest asset management company, to acquire CT Real Estate's portfolio of ten logistics parks for approximately €470 mln.

Investment & finance

POLAND Saski Point sold

schedule 20 December 2024
Opr./edited by NN

CA Immo has completed the sale of the Saski Point office building in central Warsaw to an undisclosed buyer.

Investment & finance

POLAND Investika makes biggest logistics deal of 2024

schedule 20 December 2024
Opr./edited by NN

Investika Real Estate Fund and its JV partner Bud Holdings have acquired five Polish logistics parks with a combined area of 212,500 sqm from Polish warehouse developer 7R for more than EUR 150 mln.

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Poland/Germany Hillwood secures €368m loan from Aareal Bank

schedule 19 December 2024
Opr./edited by ANZ

Hillwood’s EU Industrial Club III has announced the successful closure of a EUR 368.19 mln loan with Aareal Bank AG, a leading international provider of financing, banking, and payment solutions for the property sector.

Office & mixed-use development

Poland US bank takes 13 floors

schedule 19 December 2024
Opr./edited by ANZ

BNY, the global financial services provider, has moved its Polish office to the Centrum Południe building in Wrocław. The company has taken 20,000 sqm of space on 13 floors in the Skanska-owned facility.

Warehouse & industrial

Poland 7R Hub in Nowa Huta

schedule 19 December 2024
Opr./edited by ANZ

7R will develop a technology and production hub on the site of Kraków's ‘Ruszcza’ Logistics and Industrial Centre. The 230,000 sqm investment will be built as part of the ‘’Kraków - Nowa Huta of the Future‘’ project.

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Poland Fashion giant chooses Panattoni

schedule 19 December 2024
Opr./edited by JC

Panattoni has secured a new tenant for its investment in Lower Silesia. A company from the fashion industry has leased 40,000 sqm in Panattoni Park Głogów.

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schedule 18 December 2024
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Poland Summus finalises transaction in Łódź

schedule 18 December 2024
Opr./edited by ANZ

Summus Capital has closed the acquisition of the React office building in the centre of Łódź. The property, valued at €32.5 mln, comprises more than 15,000 sqm of office space.

Investment & finance

Poland Czechs have bought Signum

schedule 18 December 2024
Opr./edited by JC

The DRFG Investment Group, with the strategic support of TriGranit, has acquired the Signum Work Station office building in Warsaw, with a leasable area of approx. 32,500 sqm.

Warehouse & industrial

Germany The largest deal for Garbe

schedule 18 December 2024
Opr./edited by JC

Garbe Industrial Real Estate has re-let one of its existing properties in Norderstedt. A retailer will use the property with a total area of around 26,200 sqm for the handling and storage of goods.

Warehouse & industrial

Poland Prologis builds for giants

schedule 17 December 2024
Opr./edited by ANZ

Prologis begins construction of a BTS warehouse for logistics company DP World. Prologis Park Łódź with an area of over 41,500 sqm will serve as a modern distribution centre for the Dell Technologies factory in Łódź.

Land acquisitions

Germany CTP secures major brownfield site

schedule 17 December 2024
Opr./edited by JC

CTP has agreed to a EUR 155 mln deal to acquire an industrial site spanning over 830,000 sqm in Düsseldorf, North Rhine-Westphalia. The seller is Vallourec, a manufacturer of pipe systems.

Office & mixed-use development

Hungary H2Offices flows in Budapest

schedule 17 December 2024
Opr./edited by JC

Skanska has commenced construction on the second building of the H2Offices complex in Budapest. The eight-story structure will offer about 22,000 sqm of leasable space.

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Poland Hotel in the clouds

schedule 16 December 2024
Opr./edited by JC

The first The Cloud One Hotel in Warsaw is set to open in the Upper One complex, offering over 360 rooms.

Investment & finance

Poland Panattoni sells two industrial facilities

schedule 16 December 2024
Opr./edited by JC

Panattoni has finalized the sale of two industrial parks – Panattoni Park Ruda Śląska III and Panattoni Park Kraków East II – to an international investor specializing in commercial real estate as its entry to Poland. The total transaction value reached about EUR 70 mln.

Office & mixed-use development

Poland Deloitte consolidates operations at Renoma

schedule 16 December 2024
Opr./edited by JC

Advisory firm Deloitte has decided to expand its office space at Wrocław's Renoma by more than 600 sqm. The building will become the company's sole office location in Lower Silesia.

Office & mixed-use development

Poland Reckitt consolidates its Warsaw office

schedule 16 December 2024
Opr./edited by JC

Reckitt Benckiser has chosen to consolidate its group companies in Ghelamco's Vibe. The company leased about 8,000 sqm of office space, becoming the largest tenant in the building.

Latest in Office & mixed-use development

schedule 19 December 2024

US bank takes 13 floors

BNY, the global financial services provider, has moved its Polish office to the Centrum Południe building in Wrocław. The company has taken 20,000 sqm of space on 13 floors in the Skanska-owned facility.

schedule 17 December 2024

H2Offices flows in Budapest

Skanska has commenced construction on the second building of the H2Offices complex in Budapest. The eight-story structure will offer about 22,000 sqm of leasable space.

schedule 16 December 2024

Deloitte consolidates operations at Renoma

Advisory firm Deloitte has decided to expand its office space at Wrocław's Renoma by more than 600 sqm. The building will become the company's sole office location in Lower Silesia.

schedule 16 December 2024

Reckitt consolidates its Warsaw office

Reckitt Benckiser has chosen to consolidate its group companies in Ghelamco's Vibe. The company leased about 8,000 sqm of office space, becoming the largest tenant in the building.

schedule 12 December 2024

The Form ready to welcome tenants

The Form office building, an investment developed by Lincoln Property Company in Warsaw's Wola district, has obtained a permit for use. The building located at the intersection of ul. Pańska and ul. Miedziana, offers over 30,900 sqm of space on nine storeys, including over 28,300 sqm of office space and 2,600 sqm of service and retail space on the ground floor.

schedule 12 December 2024

The Shire launches new project in Warsaw

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schedule 11 December 2024

Not just offices in an office building

The BursztyNova restaurant has opened on the ground floor of the boutique Saski Crescent office building, recently modernised and owned by CA Immo. The restaurant took up an area of over 400 sqm. 

schedule 11 December 2024

New office construction accompanied by complications

According to a survey by Colliers, only one new office building was completed in Prague in Q3 2024. Vacancies increased slightly year-on-year to 8.1 pct and rents in the city centre reached approx. EUR 29 per sqm per month. Efforts to upgrade some older properties continue, either on an ongoing basis or by temporarily taking them off the market.

schedule 09 December 2024

OLX is staying in America House

America House in Bucarest has extended its lease agreement with OLX and an increase in office space of 43 pct, reaching a total area of 1,663 sqm.

schedule 05 December 2024

One of the youngest office stocks in Europe

According to data from the Cushman & Wakefield Echinox, the Bucharest office stock ranks among the youngest across Europe and the CEE region. This provides a significant advantage for landlords in attracting and retaining tenants, as the city’s office spaces are less likely to face obsolescence over the next 5-6 years. 

schedule 03 December 2024

Nivea opens first office in Warsaw

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schedule 02 December 2024

Infor extends lease at Globalworth’s Retro Office House

Infor, a company offering cloud-based business software solutions, has renewed its lease at Globalworth's Retro Office House in Wrocław.

schedule 27 November 2024

Transporeon stays at Porto

Transporeon, an international logistics company, has extended its lease agreement at Porto Office A building in Kraków, where it occupies over 1,900 sqm.

schedule 25 November 2024

New centre of Gdynia

Vastint has completed the II stage of the Gdynia Waterfront development. A modern multifunctional complex is being built in the heart of the city, next to Skwer Kościuszki. Ultimately, the scheme will offer 75,500 sqm of space.

schedule 21 November 2024

MCP moves into Korona Office Complex

The Małopolska Centre of Entrepreneurship will move into the GTC Newton building, which is part of the Korona Office Complex. The institution will occupy an area of over 3,000 sqm.

schedule 12 November 2024

Third quarter holds steady

Cushman & Wakefield has summarised the Q3 of 2024 on the largest office markets in Poland. Office take-up in key regional cities remained on par with the figures recorded in the same period in 2023, signifying stability on the office rental market.

schedule 06 November 2024

Furniture retailers choose office buildings

Insignis concept store, a furniture retailer, has rented space on the ground floor of The Bucharest Business Park. Three other companies that sell furniture have recently rented sales spaces in office buildings in the northern area of Bucharest, the total area exceeding 10,000 sqm.

schedule 05 November 2024

Warsaw office market back in the game

According to a report 'Office Market in Warsaw in Q1-Q3 2024', published by Axi Immo, developer activity in the Warsaw office space market is progressively increasing. More than 70,000 sqm finished by the end of September 2024 and around 280,000 sqm under construction in the coming years, demonstrate that investors and developers are moving the industry forward.

schedule 04 November 2024

The Shire expands in Kraków

GTC, in collaboration with The Shire Beyond Coworking, is opening a new coworking space in Kraków's Korona Office Complex.

schedule 04 November 2024

Newly modernised Alfa attracts tenants

Strabag PFS has moved into the Eurocentrum Alfa office building in Warsaw, owned by CPI Property Group Poland. The lease agreement is for over 1,000 sqm.

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Edition 12 (294) December 2024

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