MIG under new roof

Construction
POLAND Marketing Investment Group (MIG), the owner of Sizeer, 50 Style, Up8 and Symbiosis, has appointed Eiffage Polska Budownictwo to complete the finishing work on the company’s new headquarters in Kraków.

Eiffage was also the general contractor for the office building but will now additionally be responsible for the interior design. The additional work is more than 50 pct of the original contract. Eiffage will first design the installations, office space and common areas and then complete the work before applying for the occupancy permit. The office and service building, which is under construction on ul. Życzkowskiego, will have five storeys and one underground level with a total area of around 7,500 sqm in total.

Latest news

Residential

Germany ECE takes Gesundbrunnen Center to new heights

schedule 04 February 2025
Opr./edited by JC

ECE is investing in the further development of Gesundbrunnen Center Berlin and is expanding the property to include hotel use on the roof of the shopping center: an additional section with a total of 162 design apartments will be operated by the brand Stayery.

Office & mixed-use development

Poland Getinge settles in Enterprise Park

schedule 04 February 2025
Opr./edited by ANZ

Getinge, a provider of innovative medical solutions, has joined the tenants of Kraków's Enterprise Park office complex. The company has leased more than 1,900 sqm of office space on the third floor of Building D. The tenant will move into its new premises in March.

Warehouse & industrial

Romania NRF joins MLP Bucharest West

schedule 04 February 2025
Opr./edited by ANZ

MLP Group has signed a lease agreement with a provider of automotive replacement parts and industrial cooling solutions. At the MLP Bucharest West logistics centre, the tenant will occupy a total of 20,100 sqm of warehouse and office space. The facility is set to be completed and handed over in November 2025. 

Investment & finance

Europe GTC sells in Warsaw and Zagreb

schedule 04 February 2025
Opr./edited by JC

GTC has finalised the disposal of a plot in Warsaw’s Wilanów district for EUR 55 mln as well as the Matrix C office building in Zagreb for EUR 27 mln.

Investment & finance

Romania Lucky seven for M Core

schedule 03 February 2025
Opr./edited by JC

MAS has sold its strip mall portfolio in Romania to M Core Group. The transaction includes seven assets with a total GLA of approx. 32,000 sqm, located in Slobozia, Focșani, Râmnicu Sărat, Târgu Secuiesc, Sebeș, Făgăraș, and Gheorgheni.

Investment & finance

Poland Wronia 31 gets a new owner

schedule 03 February 2025
Opr./edited by JC

Uniqa Real Estate Management has purchased the Wronia 31 office building in Warsaw from LaSalle Investment Management.

Hotels

Slovakia Alfa Group builds a hotel in redeveloped Bratislava Harbor

schedule 31 January 2025
Opr./edited by ANZ

Hungarian Alfa Group is planning a EUR 36 mln investment project with a hotel function. The project will be located in the redeveloped port on the Danube in Bratislava.

Warehouse & industrial

Slovakia P3 strengthens its presence in Slovakia

schedule 31 January 2025
Opr./edited by ANZ

P3 Logistic Parks has acquired an existing park and adjacent land near Nové Mesto nad Váhom, in Považie region of Slovakia.

Office & mixed-use development

Poland Office development activity focuses on the central areas

schedule 31 January 2025
Opr./edited by ANZ

The year 2024 saw a period of stabilisation in the Warsaw office market, with an increasing concentration of new supply in the city centre and a high proportion of lease renegotiations. Key market drivers in 2025 will include the limited availability of large office spaces, the growing importance of ESG criteria, and the continued expansion of flexible office solutions, according to  Axi Immo's latest market report, Office Market in Warsaw 2024.

Office & mixed-use development

Poland Modernisation on an XXL scale

schedule 30 January 2025
Anna Zamyłka

We talk to Karol Klin, who has recently joined the Cornerstone Investment Management team, taking on the role of commercial real estate director, and has also taken on the coordination of the leasing of the V Tower development as leasing director at the project's special purpose vehicle.

Warehouse & industrial

Germany Panattoni builds on brownfield site near Munich

schedule 30 January 2025
Opr./edited by ANZ

Panattoni is building a logistics centre for Repa in Unterschleißheim near Munich. A 32,600 sqm building will be constructed on a 54,400 sqm plot.

Office & mixed-use development

Poland Arup stays in Korona

schedule 30 January 2025
Opr./edited by JC

GTC has extended its lease agreement with Arup, an engineering and consulting firm. The company also carried out an renovation of the leased space in Kraków's Korona Office Complex.

Office & mixed-use development

Poland Big moves for Alior

schedule 30 January 2025
Opr./edited by JC

Alior Bank will move its Warsaw headquarters and Kraków office to new locations. The company will occupy spaces in Varso Place and Ocean Office Park B.

Investment & finance

Germany Patron Capital and Inbright acquire two new properties

schedule 30 January 2025
Opr./edited by ANZ

Patron Capital and its partner Inbright have acquired two new properties as part of their light industrial programme, which is aiming to create a EUR 250 mln portfolio of sustainably focused light industrial assets in key locations across Germany.

Events

World Two Polish projects in the final of the MIPIM Awards

schedule 29 January 2025
Opr./edited by ANZ

Two projects by the Echo-Archicom Group have made it to the final of the MIPIM Awards. Łódź's Fuzja and Warsaw's Towarowa22 are the only Polish investments nominated in this year's edition.

Land acquisitions

Sweden Panattoni enlarges its  Swedish portfolio 

schedule 29 January 2025
Opr./edited by ANZ

Panattoni has acquired two properties near Gothenburg, Sweden. The brownfield sites will be replaced by a modern 43,000 sqm facility.

Warehouse & industrial

Niemcy Between Cologne and Frankfurt

schedule 29 January 2025
Opr./edited by JC

P3 begins construction of the P3 Pfalzfeld logistics park. The facility will have 23,000 sqm.

Warehouse & industrial

Germany Garbe secures site near Hildesheim

schedule 29 January 2025
Opr./edited by ANZ

Garbe has acquired a plot of land measuring around 32,000 sqm in Bockenem, around 20 km south-east of Hildesheim. A logistics centre with a total area of approx. 18,500 sqm is to be built on this site. The total investment volume amounts to around EUR 23 mln.

Investment & finance

Germany Lombardhaus changes hands

schedule 29 January 2025
Opr./edited by JC

Sonar Real Estate, acting as transaction manager and commercial advisor, has successfully completed the sale of Lombardhaus office building located at Pelzerstraße in Hamburg.

Investment & finance

Poland Develia buys central Wrocław site

schedule 28 January 2025
Opr./edited by ANZ

Develia has bought a 0.32 ha plot on ul. Orląt Lwowskich in central Wrocław from the Puro Hotels financial group for PLN 40.6 mln. The developer now plans to develop a student dormitory with around 600 rooms and two service units on the site.

Latest in Construction

schedule 02 September 2024

Strabag to build The Arc

Strabag Romania has been selected by the developer and investor PPF Real Estate as the general contractor for the construction of its new office property, The Arc. The investment will bring a ten-story, class A office building to the 6th District of Bucharest.

schedule 06 May 2024

Digitalisation to the rescue

In Berlin Hyp’s most recent Trendbarometer, more than 200 real estate professionals expressed their opinions on opportunities and risks in the real estate industry at the moment. In addition, the expert survey focused on the effects of megatrends such as demographic developments, digitalisation and urbanisation.

schedule 08 January 2024

There's hope in the modules

According to the report released by research firm Spectis, “Modular construction market in Poland 2024-2029”, top 100 manufacturers of prefabricated buildings made of wood, steel, concrete, or LECA generated revenue of nearly PLN 10 bln in 2022, with 47 pct of the figure contributed by sales in the modular building segment.

schedule 17 July 2023

Erbud and Daewoo sign five-year MOU

Polish construction company Erbud has signed a cooperation agreement with South Korean giant Daewoo Engineering & Construction to jointly implement projects in the energy and key industrial, infrastructural and military sectors across Poland.

schedule 03 July 2023

Russian builders enlisted in return for orders

Moscow city authorities have “asked” development and construction companies to enlist their workers to fight in the war in Ukraine in exchange for orders. One of these corporations is to provide the Russian defence ministry with 30 volunteers ready to be posted to the front by the end of August.

schedule 17 April 2023

Skanska to build for CD Projekt

Skanska has been commissioned to construct a new building for Polish video game developer CD Projekt on its main campus in Warsaw’s Praga Północ district.

schedule 02 March 2023

Training centre in Attendorn

Viega has launched an interactive training centre near its headquarters in Attendorn. Over five floors, Viega World occupies a total of 12,000 sqm of space.

schedule 12 July 2022

Frontex opens new HQ tender

Frontex, the European Border and Coast Guard Agency, has opened a tender to select a contractor for the design-and-build project of its future headquarters in Warsaw.

schedule 22 June 2022

Erbud wins PLN 30 mln WUM contract

Erbud has been awarded a PLN 29.8 mln contract to modernise the Rector’s Office of the Medical University of Warsaw (WUM).

schedule 20 May 2022

Atlas Ward starts work on Szczecin sheds

Atlas Ward Polska has started work on two logistics parks with a total area of over 70,000 sqm on the eastern outskirts of Szczecin for Panattoni.

schedule 11 May 2022

Rex-Bud to build MDC2 Park Gliwice

Polish industrial developer MDC2 has chosen Rex-Bud Budownictwo to be the general contractor for MDC2 Park Gliwice in Upper Silesia.

schedule 29 April 2022

FineTech chosen to complete Lixa

Yareal has commissioned FineTech Construction to be the general contractor responsible for completing the final stages of its Lixa office complex in Warsaw.

schedule 28 April 2022

Prices rise for construction

Prices for building materials in Poland increased by close to 30 pct over the last twelve months according to Savills.

schedule 21 March 2022

Erbud to rebuild Gdańsk shipping infrastructure

Erbud is to reconstruct the Nabrzeże Szyprów shore in Gdańsk for PLN 28.5 mln.

schedule 25 February 2022

Hochtief builds for Warsaw University

Hochtief Polska has completed construction work on an educational building for the University of Warsaw on ul. Dobra for the department of applied linguistics.

schedule 28 January 2022

Financing secured for completion of The Park Kraków

International investor Cain International and its local development partner, White Star Real Estate, have secured a EUR 36 mln loan from PKO BP to complete the development of The Park Kraków.

schedule 26 January 2022

Erbud takes in GWI for wooden mod cons

Polish construction firm Erbud has merged its subsidiary Mod21 with German wooden modular buildings specialist GWI to establish a new company, also called Mod21.

schedule 31 December 2021

Erbud wins PLN 300 mln Lidl contract

Erbud has been awarded a PLN 298.4 mln contract to build a distribution centre for discount retailer Lidl near Błonie, west of Warsaw.

schedule 02 December 2021

Erbud to build three residential blocks in Warsaw

Erbud has announced a PLN 52.8 mln contract with Polish Export Trade & Investment to build three residential buildings in Warsaw’s Praga-Południe district.

schedule 10 November 2021

Skanska partners with Holcim

Skanska has announced a strategic partnership with concrete supplier Holcim Romania to help it reach carbon neutrality by 2045.

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Edition 1 (295) January 2025

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