PL

TriGranit completes H

Office & mixed-use development
POLAND TriGranit has completed the H building of the Bonarka for Business in Kraków.

The eight-storey, 9,855 sqm gla building is already 45 pct leased. City Break has opened a 400 sqm restaurant (the first in the entire complex) on the ground floor, while serviced office provider New Work is occupying around 2,800 sqm. Herbalife Nutrition, meanwhile, has prolonged its 2,150 sqm lease agreement in building C and expanded its current office by additionally taking up a floor (1,278 sqm gla) of building H.

“I am very pleased with the launch of building H, the 8th building in our Bonarka for Business office project in Kraków, which now consists of close to 75,000 sqm gla. We are benefitting from the strength of Central and Eastern European economies and their healthy office market dynamics. This year we will be launching the construction of another two office buildings in the B4B complex with a total of 20,000 sqm gla, as well as the first, 26,000 sqm gla phase of Silesia for Business in Katowice this summer. The construction of Millennium Gardens office development in Budapest, which will have 37,000 sqm gla, is progressing well, with its completion expected in Q2 2021. With these projects, TriGranit’s office pipeline is close to 100,000 sqm gla in three CEE cities,” revealed Tom Lisiecki, the CEO of TriGranit.

Buildings A, B, C, D, E, F, G and H completed, the B4B complex now has 75,000 sqm gla. At the moment buildings A to G are 100 pct leased. TriGranit is preparing to start the construction of the next building (I) and one more (J) in the next few years, bringing the total leasable area up to 95,000 sqm and the investment costs for the entire complex up to EUR 200 mln.

Latest news

Investment & finance

Poland Nepi set to buy Magnolia

schedule 17 September 2024
Opr./edited by JC

Nepi Rockcastle is in negotiations to acquire the 100,000 sqm gla Magnolia Park shopping centre in Wrocław from Union Investment Real Estate.

Warehouse & industrial

Poland MLP is hungry for tenants

schedule 17 September 2024
Opr./edited by JC

Chefs Culinar has become the first tenant at MLP Business Park Łódź. The company has leased over 1,600 sqm of warehouse and office space.

Retail & leisure

Poland Another field for Refield

schedule 16 September 2024
Opr./edited by JC

Refield is starting the development of the first retail park in Środa Wielkopolska. Pasaż Średzki is expected to open in 2026.

Warehouse & industrial

Poland Amazon goes off in Silesia

schedule 16 September 2024
Opr./edited by JC

Amazon has launched its third logistics centre in the Silesian Voivodeship, after Sosnowiec and Gliwice. The facility in Gorzyczki features 211,000 sqm of space.

Office & mixed-use development

Polska Alioth is looking up

schedule 16 September 2024
Opr./edited by JC

Alioth Group will join the tenant mix of the Varso Tower office building. In the spring of 2025, the company will move into an office on the 44th floor.

Eurobuild CEE

Poland The September edition of ‘Eurobuild’ is here!

schedule 13 September 2024
Opr./edited by ANZ

The September ‘Eurobuild’ is now available in print and online - as always full of expert commentary and analysis, interesting topics and the latest news. Take a look!

Warehouse & industrial

Poland Highway to Hillwood

schedule 13 September 2024
Opr./edited by ANZ

Industrial Park Poland by Hillwood has gained access to the A2 motorway. Hillwood Poland has obtained an occupancy permit for the extended and upgraded access roads that connect the emerging industrial and logistics park to the motorway.

Investment & finance

Poland Citylink sells Łódź site to DSV

schedule 12 September 2024
Opr./edited by ANZ

CL Property, a Polish developer specialising in multi-functional industrial and logistics space, has announced a transaction with DSV for the Citylink Łódź project. A new DSV logistics centre will be built on the 5.7-ha property located on ul. Zakładowa.

ESG

Poland Green is the standard

schedule 12 September 2024
Opr./edited by ANZ

Warsaw has adopted a green standard to make urban construction more energy efficient and environmentally friendly. The capital is the first city in Poland to implement such a solution.

Investment & finance

Poland Upturn in offices and retail sector

schedule 12 September 2024
Opr./edited by ANZ

According to JLL, the Polish investment market saw a significant increase in activity in H1 2024. Despite continuing challenges related to the cost of capital, a return of large transactions was recorded, suggesting a potential end to the slowdown phase.

Technology

Poland Velis has a new name

schedule 12 September 2024
Opr./edited by ANZ

Velis Real Estate Tech is officially changing its name to Singu, adopting the title of its property management product. The rebranding aims to both refresh the company's image and unify its operations. Velis Real Estate Tech will remain the company's administrative name.

Residential

Poland AFI Home conquers Wrocław

schedule 11 September 2024
Opr./edited by ANZ

The AFI Home platform is making its debut in a third Polish city. The development on ul. Długa in Wrocław offers 232 furnished flats.

Warehouse & industrial

Poland Industrial Poland is going strong

schedule 11 September 2024
Opr./edited by JC

The Polish industrial and logistics market continues its strong growth momentum, reveals BNP Paribas Real Estate Poland in its latest report “At A Glance – Industrial and Logistics Market in Poland” for the Q2 of 2024.

Office & mixed-use development

Poland The French on The Bridge

schedule 11 September 2024
Opr./edited by JC

The French Institute has decided to change its Warsaw headquarters in September 2026. It has chosen the historical building of the former Bellona Publishing House, currently undergoing modernization as part of The Bridge.

Investment & finance

Poland Greykite debuts in Poland

schedule 11 September 2024
Opr./edited by JC

European Real Estate Fund has commenced its deployment programme with the acquisition of a logistics portfolio in Poland. Three multi-tenanted properties will form the initial investment in a EUR 300 million joint venture with White Star Real Estate.

Warehouse & industrial

Baltic states Panattoni to offer BTS services to the Baltics

schedule 10 September 2024
Opr./edited by ANZ

Panattoni is planning to extend its operations to all three Baltic states but is to concentrate particularly on Lithuania. As part of the new strategy the company intends to unify its cross border services, which will allow its clients to take advantage of BTS solutions both in Poland and the Baltic states.

Office & mixed-use development

Poland IBC gets even healthier

schedule 10 September 2024
Opr./edited by JC

Siemens Healthineers has expanded its cooperation regarding office space lease with Deka Immobilien, the owner of the International Business Center complex in Warsaw.

Warehouse & industrial

Poland Cosmetics brand chooses MDC2 Park Łódź South

schedule 10 September 2024
Opr./edited by ANZ

MDC2 and Fortress Real Estate Investments have finalised the lease of around 25,000 sqm within MDC2 Park Łódź South. The tenant, Oriflame Holding, owner of the Oriflame cosmetics brand, will start operations at the new location in Q1 2025.

Retail & leisure

Poland Smart Park sold to Newgate

schedule 09 September 2024
Opr./edited by JC

Newgate Investment has acquired a completed retail park in Zgorzelec with over 5,400 sqm GLA. The seller was Smart Park Poland.

Infrastructure

Poland Beyond.pl expands its colocation project for AI

schedule 06 September 2024
Opr./edited by ANZ

Beyond.pl, a data centre, cloud, and managed services provider and owner of data centres in Poland, is expanding its colocation project for AI, machine learning, and high-performance computing solutions launched in January this year. The company announced that it is working to increase the target capacity of its campus in Poznań by almost 2 times.

Latest in Office & mixed-use development

schedule 16 September 2024

Alioth is looking up

Alioth Group will join the tenant mix of the Varso Tower office building. In the spring of 2025, the company will move into an office on the 44th floor.

schedule 11 September 2024

The French on The Bridge

The French Institute has decided to change its Warsaw headquarters in September 2026. It has chosen the historical building of the former Bellona Publishing House, currently undergoing modernization as part of The Bridge.

schedule 10 September 2024

IBC gets even healthier

Siemens Healthineers has expanded its cooperation regarding office space lease with Deka Immobilien, the owner of the International Business Center complex in Warsaw.

schedule 05 September 2024

A considerable new demand rebound

According to data from the Cushman & Wakefield Echinox, the net office take-up in Bucharest across Q2 exceeded the renewal and renegociation transactional volume for the first time during the last two years, with a positive impact on the average vacancy rate, given that no new office projects were delivered in H1.

schedule 04 September 2024

Works are in progress in Vibe

Vibe, Ghelamco's latest project in Warsaw's business centre, is already fully leased. Companies that have already started working in the office building include Reckitt, an international consumer goods company, and MDDP Outsourcing.

schedule 02 September 2024

Liberty almost realised

Liberty, a mixed-use complex located in Budapest, has reached its final stage. The second phase of the project comprises a total of 20,000 sqm of office space.

schedule 30 August 2024

Savills relocates to Prague's Masaryčka

Savills is moving its headquarters as of March 2025, to new office space within the Masaryčka project in the centre of Prague. Additional 50 pct floor space will give it the foundation to expand its headcount towards 100 employees over the next phase of the business.

schedule 30 August 2024

Green light for Magdelēnas kvartāls

Vastint Latvia has received building permits for the construction of 4th and 5th phases of Magdelēnas kvartāls in Riga. The 4th phase is expected to be completed early next year.

schedule 29 August 2024

Knight Frank hooked by the Vibe

Knight Frank has chosen the Vibe office building in Warsaw’s Wola district as its new Polish headquarters. The consultancy has leased almost 1,000 sqm on the 9th floor of the Ghelamco project.

schedule 27 August 2024

Construction, vacancy, demand and prices on the rise

According to the regular quarterly office property market survey published by Colliers, Prague's office market grew by four attractive, new buildings in Q2, offering nearly 44,000 sqm of modern class A office space. Even though a large part of these properties found tenants before completion, the overall vacancy rate has slightly increased.

schedule 27 August 2024

Doraco chooses Nowy Saski Crescent

Doraco has leased 1,000 sqm in Warsaw's Nowy Saski Crescent office building. The company will move into the building owned by CA Immo later this year.

schedule 21 August 2024

Ageing office stock and muted development activity

At the end of Q2 2024, more than 40 pct of offices in the oldest office buildings in Poland’s regional cities remained vacant, with their office markets experiencing stable vacancy rates and subdued development activity, reveals BNP Paribas Real Estate Poland in its latest report “At a Glance – Regional City Office Markets Q2 2024”.

schedule 21 August 2024

Seargin stays in Garnizon

Seargin, an international technology and consulting company, has extended its contract and leased over 1,900 sqm of space in the Garnizon Hiro office building in Gdańsk. The company has doubled the space it previously occupied.

schedule 20 August 2024

Tenants reamin happy in Diuna

More companies have decided to extend their leases in the Diuna office complex. Colgate and Lux Med, which has additionally expanded its operations with a mental health clinic, remain in Warsaw's Służewiec district.

schedule 14 August 2024

OUP to build R&D centre for Infineon

One United Properties has started work in Bucharest on the One Technology District – a built-to-suit semiconductor R&D centre for German company Infineon Technologies.

schedule 14 August 2024

MDPI in Podium Park

Swiss scientific journal publisher MDPI has leased 1,725 sqm of office space in building A of the Podium Park building in Kraków, which is owned and managed by Globalworth Poland.

schedule 14 August 2024

Rents remain stable, developers are cautious

Cushman & Wakefield has summarized the H1 of 2024 on the Polish office market. The demand shows signs of stabilization amid muted development activity which is likely to continue until the end of 2026.

schedule 13 August 2024

PKO stays in Waterfront

PKO Bank Polski has renewed its lease of 6,000 sqm of office space in the Waterfront mixed-use complex in Gdynia, which is being developed by Vastint Poland.

schedule 09 August 2024

Tech industry in Puzzle Office

The modern space provided by Puzzle Office, an operator of serviced offices at Norblin Factory, has been chosen as the headquarters for four tech companies – Rits Professional Services, Farada Group, Persooa, and Content Compass.

schedule 08 August 2024

Barkawi Group under one roof in Munich

Invesco Real Estate, the global real estate investment arm of Invesco Ltd with USD 90 bln in assets under management, has announced the full occupancy of Woodworks in Munich ahead of completion.

Edition 9 (291) September 2024

Latest comments

Categories