Warehouse & industrial
In 2022, the Polish industrial and warehouse market maintained its solid growth momentum despite headwinds such as project financing constraints and rising occupancy costs. The expected decline in new supply and shrinking land availability are likely to result in a supply gap in the space of the next year or so, says real estate advisory firm Savills.
Warehouse & industrial
Reka Rubber Polska, manufacturer of rubber products, will double its lease at MLP Poznań West to close to 4,000 sqm. The company is expected to move into the new facility in the second quarter of 2023.
Warehouse & industrial
Czech warehouse developer CTP has entered Poland’s Pomerania region, where it will soon be launching the construction of the 119,000 sqm CTPark Gdańsk Port.
Green projects
Owned by the Capital Park Group, the Warsaw mixed use complex Norblin Factory has received the final BREEAM certificates for both its office and retail sections. A photovoltaic system has been installed in the complex, and the managers are continuing their efforts to steadily reduce the property’s carbon footprint.
Warehouse & industrial
Panattoni has started the construction of Panattoni Park Lublin IV. The two-building complex with 53,900 sqm should be completed later this year.
Warehouse & industrial
Lighting company Wojnarowscy has renewed a lease agreement for 3,870 sqm of warehouse and office space in Panattoni Park Sosnowiec II.
Warehouse & industrial
Garbe has acquired a plot of land of around 100,000 sqm in Kabelsketal (Saxony-Anhalt, Germany). A logistics property with a total area of approx. 61,500 sqm is planned on the site. Garbe is investing around 76 mln euros in the project. Construction is scheduled to start in October.
Office & mixed-use development
Textorial Park office campus in Łódź welcomed a new tenant. .mdd, manufacturer of office furniture has leased 317 sqm in the historic Building A. The space occupied by .mdd comprises the company’s offices and a showroom.
Warehouse & industrial
Panattoni has started the development of 25,000 sqm of speculative space on ul. Dostawcza in Łódź. It is to be a brownfield development built on the site of a former gas bottling plant.
Residential
Real Management has announced funding for construction of the first stage of the Neo Natolin housing estate. The company has received funding of PLN 125 mln for the residential project which is being developed in Warsaw’s Wilanów district, at ul. Stefana Korbońskiego.
Hotels
Marriott International, announced it has signed an agreement with Rua Al Madinah Holding Company to open eight hotels in the Holy City of Madinah in Saudi Arabia.
Retail & leisure
Jysk, which took up around 1,300 sqm, and Piekarnia Cukiernia Grzybki bakery (around 170 sqm) are new tenants at the Glinianka retail park. The park is being built in the village of Łubna, near Warsaw, and will provide the Mazovian market with around 10,000 sqm of leasable space.
Office & mixed-use development
Intive global tech company has let 62 workstations in the flexible Myhive offices belonging to CPI Property Group.
Eurobuild FM
A huge bombshell for the finale of the Cannes podcast – as many as FIVE of the top experts in the last episode of the series! Some famous names and also some less well-known to us are now poised to enter the Polish market! And you can listen to them here!
Office & mixed-use development
The Vibe office building in Warsaw is now taking shape, with the completion of its underground structure.
Investment & finance
2022 was a successful year for the property developer CTP. The company, operating in 10 European countries, has successfully managed to deal with the impact of global events on the European market. In 2022, the portfolio area in the Czech Republic was expanded by 300,000 sqm, bringing the total area to 3.8 mln sqm. Rental income increased by 13 pct year-on-year to EUR 230.3 mln. At present, CTP is the largest player in the Czech industrial-logistics property market with a 28 pct share.
Investment & finance
Lorand and Zsuzsanna Szarvadi, the owners of the Balvanyos Resort & Spa in Covasna, acquired the K+K Elisabeta hotel located in the Bucharest city centre, and they will relaunch it under the newly established Peakture hotel brand.
Residential
According to the latest Avison Young report, at the end of 2022, there were over 9.4 thousand units in the pool of apartments for institutional rent in Poland, and another 13 thousand flats were under construction. The prolonging conflict in Ukraine and the significantly reduced credit scores increase the demand for renting apartments and thus, affect the development of the PRS market in Poland.
Warehouse & industrial
CTP has leased an area of 2,800 sqm to the food supplements manufacturer Sun Wave Pharma in the industrial park CTPark Bucharest South, located in the south of Bucharest, in the Popești - Leordeni area. From here, the products of the company will be delivered to both Romania and Bulgaria, with the warehouse acting as a regional hub.
Office & mixed-use development
The scale of office investments carried out in Poland today is much smaller than in previous years, while the demand for space is still high, according to consultants from Walter Herz.
Jysk, which took up around 1,300 sqm, and Piekarnia Cukiernia Grzybki bakery (around 170 sqm) are new tenants at the Glinianka retail park. The park is being built in the village of Łubna, near Warsaw, and will provide the Mazovian market with around 10,000 sqm of leasable space.
A 3,000 sqm Carrefour supermarket is to open in thee Plac Unii office and retail complex in Warsaw, where it will replace Supersam, which operated in the complex until the end of 2022.
Focus Estate Fund will soon start work on the extension of the Turawa Park shopping centre in Opole. The end of the redevelopment is scheduled for the fourth quarter of this year.
In January 2023, Sierra Balmain commenced cooperation in the field of lease management and the provision of financial and corporate accounting services for the Forum Gdańsk shopping centre, owned by NEPI Rockcastle.
The Dawna Fabryka retail park is to be built on the site of the former ZREMB Foundry near the centre of Jelenia Góra in southwestern Poland.
Focus Estate Fund has acquired the 13,200 sqm Ferio Legnica shopping centre in southwest Poland from Raiffeisen Bank International for an undisclosed sum.
Cushman & Wakefield Echinox has presented its report on Romanian retail market. The development activity in the retail sector remains animated, with over 230,000 sqm planned to be delivered in 2023, which is the highest level of the last six years.
BH Europa UAB, an SPV of Baltic Horizon real estate fund, has completed the sale of its share in the car park building of the Europa shopping centre in Vilnius to the UAB Prime Location Property Fund.
Nooka Space has launched a smart flex office service within Nepi Rockcastle shopping malls across Romania. Each office booth, whether indoor or outdoor, offers a high level of privacy and the optimal conditions to work, by creating an island of silence in an open or crowded area. The structure of the booth offers a high level of safety, shielding users from the outside conditions.
Drivers travelling along the A2 motorway can now do their fast shopping in two Żabka shops located in travel service areas, the so-called MOPs. The format of the shops has been adapted to the needs of travellers, who can enjoy an extended offer of hot snacks, coffee and sandwiches and salads.
Nepi Rockcastle has acquired Forum Gdańsk shopping centre from Blackstone for EUR 250 mln. The acquisition represents one of the biggest single-asset shopping centre transactions by value in Europe and the largest in the CEE region in 2022.
German developer Trei Real Estate has opened its 32nd Polish Vendo Park retail park – in Mielec, in the country’s southeastern Podkarpackie (Subcarpathia) province.
Iulius has opened its second Family Market strip mall this year, in the Bucium district of Iași in eastern Romania, following the opening of another centre in Miroslava in the same city.
KG Group has opened the Atut Galicyjska retail park complex in Kraków – the two joint centres together have an area of 20,000 sqm gla.
ROS Retail Outlet Shopping strengthens its activity in Poland. The Austrian company plans extension in Gdańsk in 2023 and the new project in Kraków in 2024.
Mitiska REIM and Karuzela Holding have opened a new convenience shopping centre mall in Kołobrzeg on Poland's Baltic coast. The new centre contains 40 shops on an area of 19,800 sqm and offers parking for 1,000 vehicles.
Multi, a platform for integrated real estate management services, has recently refurbished and extended Forum Palermo, the largest shopping centre in north-west Sicily.
New Sinsay stores will be opened in retail parks located in Timisoara and Vaslui. These are the next points of this brand in Romanian commercial facilities, which are being developed by the Polish company Scallier.
Cushman & Wakefield Echinox, the exclusive affiliate of Cushman & Wakefield in Romania, has presented its study on different retail market segments activity in Romania. The cumulative turnover of the 6,000+ stores operated by large retailers increased by 20 pct, more than the inflation rate and the national consumption growth.
NEPI Rockcastle has entered into a binding agreement to acquire the Atrium Copernicus shopping centre in Toruń.
Warsaw mayor Rafał Trzaskowski recently made the claim that by 2050 the city’s metro system will comprise 103 stations and five lines, with connections to 17 of its 18 districts. T ...
Small talkPiotr Trzciński, the Poland, head of Savills Investment Management, gives us the investors' view of how we have coped with a year of unpleasant surprises and how things look like s ...
Small talkŁukasz Mazurczak, the managing director of MVGM, tells us about the evolving role of the property manager in the new reality – and how the PRS market in Poland is becoming increas ...
The City of Helsinki, Finland, has launched a tender competition to sell the Old Customs House in Katajanokka harbour area for redevelopment. The goal ...
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 ...
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
In response to the gravity of Russia’s aggression, Colliers has discontinued its business in Russia and Belarus, effective immediately, after more tha ...
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 ...
At the turn of 2022 and 2023, GTC received further Barrier-Free Facility certificates for its office buildings, reflecting the implementation of new ...
For the 12th time it all went with a bang! The winners of the Eurobuild Awards 2022 have been announced to almost 900 guests of the Awards Gala, who w ...
It is with great sadness that we learn of the death of Karol Bartos, one of the most well-known and distinguished personalities on the Polish real est ...
A huge bombshell for the finale of the Cannes podcast – as many as FIVE of the top experts in the last episode of the series! Some famous names and a ...
MIPIM, the world’s largest international real estate event, has revealed 12 winners of the MIPIM Awards, a globally renowned real estate competition f ...
Polski Związek Firm Deweloperskich (PZFD) and Build Europe, the organisation representing the national federations of European developers and homebuil ...
Owned by the Capital Park Group, the Warsaw mixed use complex Norblin Factory has received the final BREEAM certificates for both its office and retai ...
Marriott International, announced it has signed an agreement with Rua Al Madinah Holding Company to open eight hotels in the Holy City of Madinah in S ...
BDPST Group has acquired the Hotel Gellért Szálló in central Budapest from Danubius Hotel Group for an undisclosed sum.
Mazowiecki province has issued a ZRID permit for Mostostal Warszawa to construct a 12 km section of the S7 expressway between Załuski and Modlin, nort ...
Designers from Colliers, under the supervision of architect Kateřina Štenclova, prepared the concept for the Mercedes-Benz headquarters in Prague. The ...
2022 was a successful year for the property developer CTP. The company, operating in 10 European countries, has successfully managed to deal with the ...
Real Management has concluded the sale of a 13.7 ha development site on ul. Wesoła in Pionki near Radom to Family Partners for an undisclosed sum.
The company has been strengthening its position on the commercial real estate market as a specialist consultancy providing comprehensive tenant and la ...
Textorial Park office campus in Łódź welcomed a new tenant. .mdd, manufacturer of office furniture has leased 317 sqm in the historic Building A. The ...
Tattersall Lorenz has been chosen by Oxford Properties and Norges Bank Investment Management (NBIM) to undertake the technical and commercial property ...
The renovation of the Darius and Girėnas Stadium in Kaunas has been completed. The grand opening will take place in mid-October, when the stadium will ...
Real Management has announced funding for construction of the first stage of the Neo Natolin housing estate. The company has received funding of PLN 1 ...
Jysk, which took up around 1,300 sqm, and Piekarnia Cukiernia Grzybki bakery (around 170 sqm) are new tenants at the Glinianka retail park. The park i ...
It is our pleasure to invite you to listen to the first episode of the fourth season of our ‘Sitting Down With…’ chats. This time, Arkadiusz Rudzki of ...
Bright Spaces has announced a partnership with CA Immo Hungary to digitally showcase five of the latter’s buildings.
In 2022, the Polish industrial and warehouse market maintained its solid growth momentum despite headwinds such as project financing constraints and r ...
