Ghelamco develops another Warsaw building
Office & mixed-use development
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With occupier demand increasingly focused on prime, well-located buildings, Warsaw’s office market is becoming more selective. Around Rondo Daszyńskiego, one of the city’s most established business locations, this trend is particularly visible. The FORM is among the office assets benefiting from this shift: since opening in early 2025, it has become fully leased, attracted a diversified mix of public- and private-sector occupiers, and demonstrated substantial day-to-day use. Its performance to date, combined with the continued evolution of the surrounding district, reinforces its position as a trophy office asset.
Office & mixed-use development
Flint Group Packaging Solutions has renewed its lease at the Łódź 1 office building at al. Piłsudskiego 22. The company will remain at its current headquarters, occupying 3,328 sqm. The decision followed a review of the office space available on the Łódź market.
Investment & finance
Poland’s planning reform is changing the way land is valued, according to Walter Herz. Plots covered by a local zoning plan (MPZP), a legally binding zoning decision (WZ) or with secured development potential are gaining value, while sites without a clear path to development are becoming increasingly risky. As a result, planning risk is emerging as a key factor in land values, with investors increasingly willing to pay for greater certainty over the development process.
Retail & leisure
Consumers are increasingly tired of technology overload and excessive personalisation, while physical stores can benefit from offering something the digital world cannot: the freedom to discover products, interact with them and take a break from screens. This is according to the latest JLL survey of more than 1,100 consumers.
Residential
Poles continue to see apartments as one of the most attractive ways of investing their money, according to Otodom’s ‘Property Market Sentiment Monitor’. The report shows that 57 pct of respondents consider an apartment a good investment, rising to 67 pct among those planning to buy a property from a developer. At the same time, a growing range of instruments allows investors to gain exposure to housing-market financing without buying a property. One such instrument is the mortgage-covered bond, which gives individual investors access to mortgage-market financing.
Residential
MTX Development is planning a 133m residential tower at ul. Chorzowska 1 in Katowice, directly opposite the Spodek arena. The developer submitted an application for a zoning decision in December 2025, while Konior Studio has unveiled a visualisation of the project’s architectural concept.
Retail & leisure
Retail parks are increasingly becoming local hubs for everyday needs, particularly in smaller towns. According to a study by Cushman & Wakefield Poland, 76 pct of people in Poland under the age of 40 visit a retail park at least once a week to shop. Among people aged over 40, the figure is 59 pct.
Office & mixed-use development
UREM Poland has appointed Colliers as the exclusive leasing agent for its Warsaw office portfolio, comprising Wronia 31, Uniqa Forum and Carpathia Office House. Together, the three properties offer more than 31,700 sqm of office space.
Retail & leisure
LCP Poland, part of M Core, has completed the acquisition of Galeria Chełm from Equilis and Acteeum. The value of the transaction was not disclosed. The acquisition expands LCP Poland’s portfolio by more than 17,000 sqm of retail space and 55 tenants.
Office & mixed-use development
ADC, part of the Drees & Sommer Group, has extended its lease agreement with GTC and expanded its space at the Francuska Office Centre in Katowice. The company’s office will now occupy approximately 570 sqm.
Warehouse & industrial
The vacancy rate in Poland’s warehouse market fell to 6.6 pct at the end of June, its lowest level in three years. At the same time, gross take-up rose 21 pct year-on-year in the first half of 2026, reaching 3.51 mln sqm, according to CBRE data.
Warehouse & industrial
Automation is becoming an increasingly important factor in warehouse selection and lease negotiations in Poland. At the same time, tightening availability could prompt more tenants to consider build-to-suit projects, according to Knight Frank. The vacancy rate fell to 6.6 pct at the end of the second quarter of 2026, its lowest level in three years.
Warehouse & industrial
Poland’s modern industrial and logistics stock surpassed 38 mln sqm at the end of June, according to a report by BNP Paribas Real Estate Poland. Around 0.6 mln sqm was delivered in the second quarter, 11.4 pct less than in the previous quarter. Over the past four quarters, new supply totalled around 1.8 mln sqm, down 16.2 pct year-on-year.
Warehouse & industrial
Household appliance manufacturer Mozano has leased nearly 4,600 sqm at MLP Business Park Łódź. The company will occupy around 4,500 sqm of warehouse space and nearly 100 sqm of office and staff space.
Retail & leisure
Refield is developing Pasaż Łańcucki, an 11,200 sqm retail park in Łańcut, southeastern Poland. The project is being developed on a 3.5 ha site located on Przemysłowa Street, adjacent to Provincial Road No. 877. The development is being delivered on behalf of local investor Bispol Invest, with the opening scheduled for September 2027.
Investment & finance
Romanian developer Nusco has signed a EUR 21.4 mln financing agreement with Exim Banca Românească.
Investment & finance
CEECAT Capital has raised EUR 135 mln at the first close of its third fund, targeting EUR 200 million and with a EUR 250 million hard cap.
Hotels
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.
Warehouse & industrial
Segro has extended its lease with Jiffy Packaging at Segro Logistics Park Gliwice. Under the agreement, Segro will modernise the 21,600 sqm production and warehouse facility that Jiffy Packaging has occupied since 2007.
Residential
RealCo has sold all 133 apartments at its Apartamenty przy Parku Szczytnickim project in Wrocław. The apartments are spread across 10 buildings. The developer currently has two other projects on sale in the city: Nowa Pabianicka and Elewator. Mieszkania i Lofty.
Flint Group Packaging Solutions has renewed its lease at the Łódź 1 office building at al. Piłsudskiego 22. The company will remain at its current headquarters, occupying 3,328 sqm. The decision followed a review of the office space available on the Łódź market.
UREM Poland has appointed Colliers as the exclusive leasing agent for its Warsaw office portfolio, comprising Wronia 31, Uniqa Forum and Carpathia Office House. Together, the three properties offer more than 31,700 sqm of office space.
ADC, part of the Drees & Sommer Group, has extended its lease agreement with GTC and expanded its space at the Francuska Office Centre in Katowice. The company’s office will now occupy approximately 570 sqm.
Port Polska and the expansion of high-speed rail could reshape Łódź’s office market over the longer term, bringing the city closer to Warsaw economically as well as geographically, according to JLL. The consultancy sees the potential for a Warsaw–Łódź duopolis to emerge, although it stresses that the two cities do not currently operate as a single economic area.
Takeda has moved its Warsaw office to Studio A. The new office occupies 1,000 sqm.
The Shire – Beyond Coworking will remain at Centrum Biurowe Korona in Kraków. The premium serviced office operator has extended its lease for approximately 2,500 sqm in the Galileo building.
LPP, owner of the Reserved, Cropp, House, Mohito and Sinsay brands, has relocated its Warsaw office to Saski Crescent. The company has taken 2,000 sqm of space combining offices, a showroom and business meeting areas. Colliers advised LPP on the lease, while its Colliers Define team was responsible for the interior design and fit-out.
Warsaw’s V Tower office building is undergoing the “Building Without Barriers” certification process conducted by the Integracja Foundation. The process is part of a comprehensive modernisation of the building, including the refurbishment of the lobby, replacement of lifts and solutions designed to improve acoustics and safety.
Kraków city centre remains the city’s leading office location. In the first half of 2026, occupier demand for central locations increased, while developer activity remained limited. According to Newmark Polska’s Office Occupier – Kraków Office Market report, rising vacancy outside the city centre and limited new supply are creating increasingly different conditions across Kraków’s office market.
The Pomeranian Voivodeship Office in Gdańsk has selected Tryton Business House as the new headquarters of the Provincial Disability Assessment Board. The board will occupy nearly 1,600 sqm of office space.
Henkel Hungary and ARM Hungary, the two largest tenants at Millennium Gardens in Budapest, have expanded their office space and signed new long-term lease agreements at the scheme.
Holding KW is relocating its headquarters to DL Tower in Katowice, where it has leased new office space from DL Invest Group. Its current offices are due to be sold and demolished.
Cavatina Holding, the developer of Quorum Tower on ul. gen. Sikorskiego, is redeveloping approximately 3.8 ha of public space around the project at its own expense. The works include new riverside boulevards, public squares, cycle paths and upgraded streets, with parts of the area already open to residents.
Kraków’s office market saw a sharp drop in tenant activity in the first half of 2026, while the gap between central and non-central locations continued to widen. Gross take-up fell 58 pct year on year to 73,000 sqm, while net take-up dropped 27 pct to 36,000 sqm, according to Axi Immo’s latest report.
Germany’s Federal Financial Supervisory Authority (BaFin) has signed a 15-year lease for approximately 23,000 sqm at RAW Frankfurt. The authority is expected to move in in 2028, following the completion of the landmark property’s redevelopment.
The National Heritage Board of Poland (NID) has relocated its headquarters to HOP at ul. Chmielna 132/134 in Warsaw. The institute has leased nearly 3,800 sqm across five floors. Following the deal, the building owned by Syrena Real Estate is 98 pct leased.
Adgar PDT Wola, a former department store at 8/12 Młynarska Street in Warsaw, has received LEED Gold certification with a score of 79 out of 100. The 1950s building was converted into an office and commercial property and now offers 8,512 sqm of total space.
Tenants leased almost 70,600 sqm of office space in the Tricity in the first half of 2026, an increase of more than 32 pct year on year. At the same time, the vacancy rate fell to 10.4 pct, one of the lowest levels among Poland’s main regional office markets.
Philips Polska, which has been a tenant at Łódź’s Symetris Business Park for several years, has expanded its office in the complex to almost 9,700 sqm.
Around 73,000 sqm of office space was leased in Kraków in the first half of 2026, 52 pct less than in the same period last year. Leasing activity nevertheless picked up sharply in the second quarter, with take-up three times higher than in the first three months of the year.
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Agnieszka Ciupak has been appointed managing director of Ghelamco in Poland. She joins Przemysław Dąbrowski, Jakub Kutzmann and Krzysztof Gozdecki as ...
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Flint Group Packaging Solutions has renewed its lease at the Łódź 1 office building at al. Piłsudskiego 22. The company will remain at its current hea ...
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Poles continue to see apartments as one of the most attractive ways of investing their money, according to Otodom’s ‘Property Market Sentiment Monitor ...
Consumers are increasingly tired of technology overload and excessive personalisation, while physical stores can benefit from offering something the d ...
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The vacancy rate in Poland’s warehouse market fell to 6.6 pct at the end of June, its lowest level in three years. At the same time, gross take-up ros ...
June 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 ...