According to data from Colliers, a trend called Shell & Core is gaining momentum in the Czech Republic. This is a strategy where developers construct and build out industrial buildings to the stage of providing basic structures and infrastructure and wait for buyers.
Intensive commercialization of the multifunctional Fern building under construction at Off Piotrkowska Center has begun. A modern building, the construction of which will start at the turn of 2024/2025, offers 4,700 sqm of service space and 2,700 sqm of office space.
EUR 115 bln – this is the amount the Swedish government and local authorities intend to invest in construction and infrastructure projects in the Stockholm region by 2040. The biggest problem for this investment is not financing, but... the lack of contractors. This opens up a huge opportunity for Polish companies – and not only those in the construction sector!
Panattoni has started construction of the new International Consolidation Centre (ICC) for Mercedes-Benz in Bischweier.
Redkom has announced that it has finalised the sale of a retail park under construction in Bielsko-Biała to Newgate Investment. The 17,000 sqm retail park is scheduled to open in November this year.
Experts gathered at ULI Poland's annual Game Changers in the Real Estate World conference agreed that current market conditions are creating a window of opportunity for real estate investors willing to act quickly and thoughtfully. Smaller transactions by regional players dominate for the time being, but there is hope for a gradual return of major international players to the Polish property market.
CTP has signed a lease agreement with the logistics service provider for an additional 2,000 sqm, thus the company will occupy a total of 13,000 sqm at the facility.
Wood & Company is planning the final third tranche of its acquisition of a stake in the Aupark shopping centre in Bratislava. The facility is currently undergoing an extension, which will increase its space by 6,000 sqm. In the summer, a huge green façade will be built on the new part.
Slovakian developer JTRE is launching its first project in Germany. The Nordhafen Living & Office multifunctional project will be built in the Europacity area in Berlin's Berlin-Mitte district.
Helaba will act as lead manager for its long-standing client Hines in conjunction with the three savings banks in North Rhine-Westphalia, Stadtsparkasse Düsseldorf, Sparkasse KölnBonn and Kreissparkasse Köln, to finance the construction of the 'Le Coeur' project in Dusseldorf. The project has a total lending volume of EUR 270 mln.
GLP has begun construction of the final hall of Wrocław V Logistics Centre in Magnice. The building, with an area of over 67,000 sqm, will be constructed in accordance with the requirements of BREEAM certification at the Outstanding level.
EPP is taking over the management of nine M1 shopping centres and three Power Parks from Metro Properties Polska. Some of Metro Properties Polska's employees, including local property management teams will join EPP.
Prague is the only city in the CEE region to boast a Prime High Street, a shopping street with only the most prestigious global brands. This location is Pařížská (Paris) Street, where currently 46 out of 48 available retail units are occupied.
Mitiska REIM has opened a new food-anchored retail park in the Polish city of Świebodzin. Developed in partnership with Karuzela Holding, this is the tenth project undertaken by Mitiska REIM and Karuzela over the past five years, with five more developments planned to open over the next two years.
Already 64 pct of Warsaw’s office buildings offer at least one retail or service unit, reveals Retail @ Office, the latest report from Cushman & Wakefield. With new retail supply remaining low across the capital, retailers and service providers are increasingly looking for alternative locations.
Panattoni announces its expansion into the Middle East with the launch of an operation in Saudi Arabia. The company’s initial focus is on three of the largest Saudi Arabian cities: Riyadh, Jeddah and Dammam. The move marks a milestone for Panattoni in its ambition to capitalise on emerging opportunities in key global markets in the Middle East and Asia.
The Shire - Beyond Coworking in the Warsaw Spire C building was opened according to schedule. 40 pct of the 1500 sqm of office space has been leased even before the launch.
CTP has expanded its Polish land bank by nearly half a million sqm. The company has purchased investment land in four locations that provide the opportunity to build approximately 200,000 sqm of leasable space.
The first fund investing in REITs, Mount Globalnego Rynku Nieruchomości FIZ, made its debut on the Warsaw Stock Exchange.
Panattoni has begun construction on a new industrial park in Będzin. The first stage of the work, that has already been launched, will comprise a 27,500 sqm building constructed on a speculative basis.
Slovakian developer JTRE is launching its first project in Germany. The Nordhafen Living & Office multifunctional project will be built in the Europacity area in Berlin's Berlin-Mitte district.
According to the Berlin 2024 Residential Market Report by real estate financier Berlin Hyp and real estate service provider CBRE, purchase prices have fallen, while pressure on the rental housing market continues to increase. As a result, rental prices are continuing to rise sharply.
One United Properties has concluded a memorandum of understanding with CPI Property Group for the acquisition of a 21 ha site close to the Eroii Revoluției metro station just south of Bucharest city centre. The project planned on the site should see the construction of round 5,000 housing units.
Solida Capital Europe and 1 Asset Management selected Pekabex for the execution of the purpose student housing PBSA project located in Puławska street in Warsaw.
Orpea Polska has sold a plot of land on the site of a former hospital on ul. Szkolna in Poznań. The new owner is AP Marchewka Investment from Wrocław, which plans to develop an urban-creating investment there in cooperation with the Vox brand.
Revetas Capital has recently concluded the disposal of Bonarka Meadows in Krakow, a permitted residential development project, to Henniger Investment.
Signal Capital Partners, Griffin Capital Partners and Echo Investment will launch a new student housing platform. Firstly, the joint venture is aiming to develop a portfolio of 5,000 student beds across key academic cities in Poland over the next three to five years.
Rezidence Klíčov, a current major SHD Real Estate residential project in Prague, is moving into the construction phase. The project located in Vysočany, Prague 9, is expected to be completed next year.
KGAL Wohnen Core 3 handed over the KönigsTOR Regensburg neighbourhood development. The building complex offers new homes for more than 800 people.
The Flow project has launched in the New Centre of Łódź. The project developed by Archicom will occupy a 2-hectare site between the Łódź Fabryczna railway station and the EC1 scientific and cultural complex.
Redport Capital will build more than 2,000 flats and 15,000 sqm of commercial space in the northern part of Bucharest over the next six years. The developer's plans include the expansion of The Level Apartments project and the development of Infinity Nord.
At the end of the year Penta Real Estate completed the sale of residential project in Dykova Street in Prague 2 - Vinohrady. The value of the project is in the order of CKR hundreds of millions of and the buyer is Fidurock.
J&T Real Estate has been granted planning permission for the Downtown Yards project in the centre of Bratislava. The developer plans to develop a total of around 650 flats. Sales of the units and construction work will begin in 2024.
In two years, Finnish developer YIT has built and handed over more than 500 rental units in Warsaw to the Nrep fund. The flats were built in three Warsaw districts - Ursynów, Bemowo and Mokotów.
Cushman & Wakefield has released “Poland Student Accommodation Report” on the student housing market in Poland. Supply of public and private halls of residence fails to keep pace with growing demand.
LivUp has delivered another 78 long-term rental flats to the market. The company's latest project is located at ul. Zaczarowane Koło in Kraków's Bronowice district. The first tenants have already moved in.
Akcent Development has started the construction of the Akcent City project, consisting of 723 apartments, in the Bucuresti Noi area, the largest residential project authorized in Sector 1 after the nZEB regulations came into force. The complex will attract a EUR 90 mln investment.
According to JLL research, the current unmet demand for student beds in dormitories reaches 4.7 mln in the largest European cities. Poland, with 1.2 mln students, ranks sixth in Europe in terms of the potential market for student accommodation operators, not far behind Spain and Italy.
Belgian developer Ciril has acquired an investment site of almost 2,500 sqm at ul. Przyokopowa in Warsaw's Wola district.
Mosaic World has signed a purchase-construction agreement with Novaform Polska for the purchase and construction of 98 rental flats and 138 built parking spaces in Poznan.
Dutch studio Benthem Crouwel Architects together with Czech architects OVA have won the competition to redesign a quarter of Vítězné náměstí (Victory ...
According to the report released by research firm Spectis, “Modular construction market in Poland 2024-2029”, top 100 manufacturers of prefabricated b ...
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.
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 ...
Kreo, Ghelamco's Kraków office project, has achieved BREEAM certification at the Outstanding level. The building also has a WELL and Green Building St ...
Eurobuild Awards 2023 is behind us, but if you haven't yet gotten your hands on the special "Eurobuild" supplement prepared for the Gala evening, you ...
The next edition of our monthly magazine is now available both in paper and digital versions! Traditionally, the new issue was first sent to our confe ...
EUR 115 bln – this is the amount the Swedish government and local authorities intend to invest in construction and infrastructure projects in the Stoc ...
We regret to inform you that Piotr Kroenke, long-time general director of GTC and co-creator of many of the company's successes, has passed away.
This latest episode of 'Eye to Eye' is hot out of the podcast oven and ready to listen to! Eurobuild’s guest today is Paweł Sapek, the head of Prologi ...
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 ...
IHG Hotels & Resorts and Novum Hospitality announced a long-term agreement that will double IHG’s presence in Germany to more than 200 hotels in almos ...
Kamil Kowa has become the new CEO of Savills in Poland. He is a member of the management board of the company, and for the past nine years has held th ...
The investment programme until 2030 worth more than PLN 1.5 bln has been approved for Katowice's Wojciech Korfanty Airport. The programme will include ...
Designers from Colliers, under the supervision of architect Kateřina Štenclova, prepared the concept for the Mercedes-Benz headquarters in Prague. The ...
Redkom has announced that it has finalised the sale of a retail park under construction in Bielsko-Biała to Newgate Investment. The 17,000 sqm retail ...
CTP has expanded its Polish land bank by nearly half a million sqm. The company has purchased investment land in four locations that provide the oppor ...
Intensive commercialization of the multifunctional Fern building under construction at Off Piotrkowska Center has begun. A modern building, the constr ...
Already 64 pct of Warsaw’s office buildings offer at least one retail or service unit, reveals Retail @ Office, the latest report from Cushman & Wakef ...
EPP is taking over the management of nine M1 shopping centres and three Power Parks from Metro Properties Polska. Some of Metro Properties Polska's em ...
Echo Investment and its subsidiary Archicom have started the construction of a primary school for 450 pupils on ul. Konstruktorska in the Służewiec su ...
Slovakian developer JTRE is launching its first project in Germany. The Nordhafen Living & Office multifunctional project will be built in the Europac ...
Wood & Company is planning the final third tranche of its acquisition of a stake in the Aupark shopping centre in Bratislava. The facility is currentl ...
The Symbiosy smart building platform developed in-house by Slovakian developer HB Reavis has been acquired by Massachusetts-based real estate experien ...
According to data from Colliers, a trend called Shell & Core is gaining momentum in the Czech Republic. This is a strategy where developers construct ...
An open door to redefining the commercial real estate market in Poland
An open door to redefining the commercial real estate market in Poland
Walter Herz
The investment slowdown in the commercial real estate sector that we have been observing in Poland for over a year is primarily the result of the tightening of monetary policy arou ...
The retail sector is not slowing down
The retail sector is not slowing down
Walter Herz
The pandemic, conflict in Ukraine as well as inflation and high interest rates that recent years have brought have reshaped the real estate market around the world. The global slow ...
Retail parks – current opportunities
Retail parks – current opportunities
Avison Young
Over the last few years, retail parks in Poland were mostly developed in smaller formats, around 5,000 sqm, either adding to the existing retail landscape or introducing modern ret ...