Office & mixed-use development
Syrena Real Estate will refurbish its building at 18 Piękna Street in Warsaw and rebrand it as Elma. The project will modernise the offices, nearly double the retail space and replace the lower floors with a more open, glazed frontage. Work is due to start in Q1 2027 and finish in Q3 2028.
Residential
Residential developers sold 12,500 homes across Poland’s seven largest housing markets in the third quarter of 2026, up 5.7 pct from the previous quarter. They launched 12,800 new units, while the number of homes available for sale reached 70,200 at the end of September. According to real estate consultancy JLL, sales and new supply are broadly balanced, but the growing stock of completed unsold homes and shifting buyer sentiment point to a more uncertain outlook.
Construction
BERGER Bau Polska will modernise the Kredka and Ołówek student residences owned by the University of Wrocław under a contract worth PLN 41.44 mln gross. Work will bring the buildings into compliance with current fire safety regulations and is scheduled to run from October 2026 to April 2029.
Investment & finance
Poland’s increasingly mature retail park market is creating opportunities for portfolio transactions, allowing investors to expand their presence more quickly and allocate capital more efficiently. However, as highlighted in Retail Parks Uncovered, an investment report prepared by Avison Young in cooperation with CMS, Newgate Investment and PROH, these deals require careful legal due diligence, transaction structuring and risk management.
Residential
Archicom has launched sales for the fifth phase of its Modern Mokotów residential development in Warsaw, adding 119 apartments and six commercial units to the mixed-use project. The development is transforming the former office district of Służewiec into a residential neighbourhood that will eventually comprise more than 1,400 apartments.
Warehouse & industrial
IPPU Packaging, part of the European Prime Label Group, has relocated its operations to approximately 3,000 sqm of industrial space at Industra Park Iași, owned by Oresa Industra. Fit-out works were completed in spring 2026, with the facility’s official inauguration scheduled for mid-October.
Retail & leisure
LPP Group will open stores for Reserved, Mohito, House and Cropp at RIVUS, the mixed-use development taking shape in Cluj-Napoca, Romania. The four brands will occupy more than 3,500 sqm, expanding the retail offer of the EUR 550 mln project developed by IULIUS and Atterbury Europe.
Events
How will AI change the real estate business? Where are the best data centre sites in Poland? Will Europe be able to feed data centres the energy they need, and how will it be generated?
Hotels
Green House Development has launched pre-sales for Building C, the final phase of its Wave Świnoujście Thermal & SPA development. The building will feature 192 finished apartments, around 2,000 sqm of thermal and spa facilities, massage rooms and a conference room. Completion is scheduled for the first quarter of 2030.
Office & mixed-use development
Central Poland has nearly 5.2 mln sqm of warehouse space, with a further 160,000 sqm under construction, according to Newmark Polska. While Łódź remains the region’s main economic centre, developers are increasingly building in nearby towns such as Stryków, Piotrków Trybunalski, Zgierz and Łowicz, where land is more readily available and rents and labour costs are lower.
Residential
Kamionek, in Warsaw’s Praga-Południe district, is transforming from an industrial area into a modern urban neighbourhood. Infrastructure upgrades, cultural projects and the planned M3 metro line are strengthening its residential appeal. Grupo Lar Polska and Galio Group are responding with Symfonia Praga, a residential development at ul. Owsiana 11.
Retail & leisure
Aurum Optics has opened its 27th store in Poland at Manufaktura shopping and leisure centre in Łódź. The new outlet combines eyewear from leading international brands with professional eye examinations and personalised optometric advice.
Residential
YIT Czechia is developing Kattila Kamýk in Prague 12. The 10-storey building, located at the intersection of Imrychova and Těšíkova streets, will comprise 73 apartments ranging from 30 to 100 sqm. Completion is scheduled for autumn 2028.
Residential
Zeitgeist Asset Management has achieved a BREEAM In-Use ‘Very Good’ certification for its Home by Zeitgeist Górskiego residential rental development in Oliwa, Gdańsk. It is the first PRS (private rented sector) project in the company’s Polish portfolio to undergo certification designed specifically for buildings already in operation.
Exclusive
One of the more interesting Polish property investors to emerge on the local scene in recent years is Syrena Real Estate. This year, it added the Renaissance building in central Warsaw to its increasingly impressive and diverse portfolio. In our latest exclusive, we ask Witold Zatoński Kotomski, the founding partner of the company, about its plans for the historic property and where it’s planning to invest next.
Investment & finance
Romania’s commercial real estate investment market recorded EUR 679.9 mln in transactions involving office buildings, retail properties, logistics assets and hotels between January and September 2026, exceeding the total investment volume for the whole of 2025 by 19 pct. Approximately EUR 375 mln was transacted in the third quarter alone, according to an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.
Retail & leisure
Polish fitness chain Xtreme Fitness Gyms is expanding internationally. On 15 October, the brand will open its first club outside Poland in Opava, Czech Republic. The launch comes as the network reaches 200 clubs in its home market.
Retail & leisure
Bricomarché opened a new store in Włoszczowa, Poland, on 7 October. Located at 47 Czarnieckiego Street, the store offers around 23,000 products for home and garden and has created 20 jobs.
Office & mixed-use development
Knight Frank has been appointed exclusive leasing agent for VINCI Office Center at 100 Opolska Street in Kraków. The building, owned by Sharow Capital, offers around 21,000 sqm of office space.
Warehouse & industrial
Sereact, Zalando and CEVA Logistics have introduced AI-powered robots to process returns at logistics centres in Świebodzin, Poland, and Greven, Germany. The robots identify, pick up and sort returned fashion items, taking over repetitive tasks and easing the physical workload for warehouse staff.
Poland’s increasingly mature retail park market is creating opportunities for portfolio transactions, allowing investors to expand their presence more quickly and allocate capital more efficiently. However, as highlighted in Retail Parks Uncovered, an investment report prepared by Avison Young in cooperation with CMS, Newgate Investment and PROH, these deals require careful legal due diligence, transaction structuring and risk management.
Romania’s commercial real estate investment market recorded EUR 679.9 mln in transactions involving office buildings, retail properties, logistics assets and hotels between January and September 2026, exceeding the total investment volume for the whole of 2025 by 19 pct. Approximately EUR 375 mln was transacted in the third quarter alone, according to an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.
Lisala, owned by Hungarian property group WING and Griffin Capital Partners, plans to acquire the remaining 37.63 pct of Polish developer Echo Investment through a tender offer priced at PLN 5.20 per share. If successful, the transaction would give Lisala full ownership of the listed company and could pave the way for its delisting from the Warsaw Stock Exchange.
DWS, a global asset manager, has agreed to acquire 100 pct of Peakside Capital Advisors AG, a real estate investment manager with more than EUR 1.7 bln in assets under management across Germany and Central and Eastern Europe. The deal is expected to close by the end of 2026, subject to regulatory approvals. Financial terms were not disclosed.
LemonTree has sold the second stage of Booster Zabrze to Vestas Investment Management Europe, which acquired the first stage in February. The transaction brings the entire 109,000 sqm complex under single ownership in a deal worth more than EUR 120 mln.
DL Invest Group has signed a revolving credit agreement of up to EUR 95m with UniCredit. The facility was provided directly to the group’s operating company, DL Invest Group PM S.A., and can be used for general corporate purposes and further growth.
A 2,500 sqm plot with a 1,600 sqm office building at 359 Puławska Street in Warsaw has changed hands, with Agencja Nieruchomości Locus advising on the sale.
CA Immo has sold the IntercityHotel Frankfurt Hauptbahnhof Süd to a fund managed by Art-Invest Real Estate. The transaction marks the sale of the last hotel in CA Immo’s portfolio.
Polish investors are increasingly putting capital into the domestic commercial property market, with logistics and warehouse facilities, smaller office buildings and hotels attracting particular interest, according to Baker McKenzie experts.
Ghelamco has finalised the sale of The Bridge, its Warsaw office complex, to Swedish investment company Eastnine for EUR 285 mln. The transaction ranks among the largest completed on Poland’s commercial real estate market in recent years. Colliers and JLL advised Ghelamco on the sale.
UNIQA Real Estate is launching a EUR 600 mln office real estate fund for third-party investors, targeting Core and Core Plus properties in Austria, Poland and the Czech Republic.
Skanska has agreed to sell the second stage of its H₂Offices complex in Budapest to the ERSTE Open-Ended Real Estate Investment Fund, represented by ERSTE Alapkezelő Zrt. It will be the fund’s sixth office acquisition from Skanska in Hungary.
A joint venture between Belgian real estate investor AYA Properties Fund and Polish family-owned Curtis Group has acquired Chmielna 13A, a fully let mixed-use property in central Warsaw, from CPI Property Group. The deal marks AYA’s third Warsaw investment, following Metron in 2024 and Sienna Center in 2026.
Hillwood Polska has sold a portfolio of four logistics properties for EUR 150 mln. The portfolio comprises nearly 200,000 sqm of warehouse and office space across major logistics markets in Poland.
WDP has acquired a logistics property in Krefeld, North Rhine-Westphalia, for approximately EUR 19 mln, expanding its German platform through a selective value-add investment. The property comprises around 28,000 sqm of warehouse space, including an automated high-bay facility, and is fully leased to an international automotive company.
Panattoni has completed the sale of Panattoni Park Poznań A2, a 150,000 sqm logistics complex in Robakowo, near Poznań. The property is fully leased to a fashion company and serves as one of its key logistics hubs in Europe. The buyer has not been disclosed.
Vilea Property Boutique has become the exclusive Christie’s International Real Estate partner in Poland. The partnership brings the Polish firm into the global, invitation-only network specialising in luxury real estate.
PGIM has sold a 30-megavolt ampere (MVA) data centre development site in Unterschleissheim, Greater Munich, to a European infrastructure investor.
Mint rezidenční fond, which operates in the private rented sector (PRS), has bought 306 new apartments from developer Metrostav Development at the Vysočanský mlýn complex in Prague. The building has 11,500 sqm of floor space. The deal takes Mint’s total number of apartments in the complex to 547, more than half the total number of apartments in the complex.
Commercial real estate remains a significant source of credit risk for German banks, with the sector expected to maintain an elevated non-performing loan (NPL) ratio through 2027, according to the 2026 NPL Barometer from the Bundesvereinigung Kreditankauf und Servicing (BKS) and Frankfurt School of Finance & Management.
High-rise developments may be developed near the National Stadium metro station. The city's spatial policy clearly aims to break down the division bet ...
BERGER Bau Polska will modernise the Kredka and Ołówek student residences owned by the University of Wrocław under a contract worth PLN 41.44 mln gros ...
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.
Poland’s growing data centre market could create a significant new source of waste heat for heating networks. According to analysis by the Polish Data ...
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 ...
More than 97 pct of newly developed office space in Poland is environmentally certified. Certification has therefore become standard, while the buildi ...
The 16th Eurobuild Awards Gala is now on the horizon! And there has been a CHANGE OF DATE AND LOCATION. The Gala will now take place on December 8th, ...
We spoke with Zdena Noack, managing director of Zeitraum Student Housing, during the opening of Zeitraum Racławicka in Kraków.
In this issue, hot off the press in time for Expo Real in Munich, the cover story is an interview with Ugo Giordano and Katarzyna Rzetecka, who are le ...
How will AI change the real estate business? Where are the best data centre sites in Poland? Will Europe be able to feed data centres the energy they ...
One of the more interesting Polish property investors to emerge on the local scene in recent years is Syrena Real Estate. This year, it added the Rena ...
After a long break, we invite you to hot episode of the "Eye to eye" podcast! Today we talk with Władysław Grochowski, the head and founder of Arche.
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 ...
Green House Development has launched pre-sales for Building C, the final phase of its Wave Świnoujście Thermal & SPA development. The building will fe ...
Agnieszka Ciupak has been appointed managing director of Ghelamco in Poland. She joins Przemysław Dąbrowski, Jakub Kutzmann and Krzysztof Gozdecki as ...
Port Polska and the City of Kielce have signed a letter of intent covering plans for a cargo terminal in Obice, near Kielce. The centre would handle b ...
ING Hubs Poland is officially moving into its new headquarters in The Form office building in Warsaw’s Wola business district. The more than 6,000 sqm ...
Poland’s increasingly mature retail park market is creating opportunities for portfolio transactions, allowing investors to expand their presence more ...
Panattoni has acquired two properties near Gothenburg, Sweden. The brownfield sites will be replaced by a modern 43,000 sqm facility.
Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures. Traditional infrastructure ...
Syrena Real Estate will refurbish its building at 18 Piękna Street in Warsaw and rebrand it as Elma. The project will modernise the offices, nearly do ...
ISS has taken over the technical facility management of Axis, an office building in Kraków owned by French fund Corum XL. The company is providing tec ...
Prague 14 has begun construction of a new primary school in Jahodnice. The school, at U Hostavického potoka Street, will accommodate 540 pupils, with ...
Residential developers sold 12,500 homes across Poland’s seven largest housing markets in the third quarter of 2026, up 5.7 pct from the previous quar ...
LPP Group will open stores for Reserved, Mohito, House and Cropp at RIVUS, the mixed-use development taking shape in Cluj-Napoca, Romania. The four br ...
Skanska has implemented a digital access control system at Studio A, an office building in Warsaw. The solution uses the company’s proprietary StudioA ...
IPPU Packaging, part of the European Prime Label Group, has relocated its operations to approximately 3,000 sqm of industrial space at Industra Park I ...
October 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 ...