Sixth closing for VGP-Allianz JV

Warehouse & industrial
CENTRAL EUROPE VGP has transferred 13 logistics buildings into its 50:50 joint venture and Allianz Real Estate – VGP European Logistics.
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In this transaction, which is the sixth time the JV has closed, seven of the buildings are in three new VGP parks and six are newly completed buildings in parks previously transferred to the joint venture. All the assets are located in Germany (9) and the Czech Republic (4).

The value of the transaction comes to more than EUR 232 mln, out of which VGP is to receive a gross amount of EUR 130 mln – EUR 50 mln of which is to be used to service EUR 50 mln of debt incurred in the development of the buildings. The remainder is to be invested in VGP’s continuing development pipeline.

Latest news

Residential

Poland Warsaw developers increase supply as sales stall

schedule 25 August 2026
Opr./edited by AH

Warsaw developers significantly increased the number of new apartments for sale in the second quarter of 2026, but sales fell. They brought 4,753 homes to market, up 66.8 pct from the previous quarter, while 3,840 apartments were sold, a 9.4 pct decline. The increase in supply pushed the number of apartments available for sale to 16,345 at the end of June, up 7.1 pct from three months earlier. Even so, quarterly sales remained 4.6 pct above the five-year average of 3,670 homes, according to data from CBRE and Tabelaofert.pl.

Warehouse & industrial

Poland two leases in Logicor Łódź III

schedule 25 August 2026
Opr./edited by AH

Logicor Łódź III is now fully leased after Transfer Multisort Elektronik (TME) and an aluminium processing company have both signed new agreements.

Warehouse & industrial

Poland CTPark Warsaw Emilianów Earns BREEAM Outstanding Rating

schedule 25 August 2026
Opr./edited by AH

CTPark Warsaw Emilianów has achieved a BREEAM Outstanding rating, scoring 89.1 pct in the assessment.

Retail & leisure

Poland Luxury Brands Take a Closer Look at Warsaw

schedule 25 August 2026
Opr./edited by AH

Global luxury brands are expanding more cautiously, choosing markets and locations more carefully rather than rapidly adding stores, according to Colliers’ EMEA Retailer Performance & Consumer Spending Trends report. Weaker consumer confidence, higher costs and a less certain economic outlook are making retailers pay closer attention to sales and profitability. Warsaw remains one of the markets attracting interest from luxury brands, including some that have yet to enter Poland.

Office & mixed-use development

Poland Hyundai Motor Poland expands in Wołoska 24

schedule 25 August 2026
Opr./edited by AH

Hyundai Motor Poland has renewed its lease at Wołoska 24 in Warsaw and expanded its office space by around 30 pct. The company will now occupy nearly 1,700 sqm, up from around 1,300 sqm.

Warehouse & industrial

Poland Panattoni starts final stage of Zgierz I

schedule 25 August 2026
Opr./edited by AH

Panattoni has started work on the final stage of Panattoni Park Zgierz I in Lućmierz, near Łódź. The new 16,400 sqm warehouse will bring the park’s total space to more than 29,000 sqm.

Retail & leisure

Poland Primark opens first store in northern Poland

schedule 25 August 2026
Opr./edited by AH

Primark has opened a store in Forum Koszalin, its first in northern Poland and its ninth in the country. The store, which spans more than 2,000 sqm, opened on 25 August.

Retail & leisure

Romania Peek & Cloppenburg to open 3,600 sqm store in Rivus

schedule 25 August 2026
Opr./edited by AH

Peek & Cloppenburg will open a 3,600 sqm store at Rivus, a mixed-use development under construction in Cluj-Napoca. It will be the retailer’s second store in the city.

Warehouse & industrial

Poland Elanders Polska takes nearly 5,600 sqm at Hillwood Wrocław East

schedule 24 August 2026
Opr./edited by AH

Elanders Polska has taken nearly 5,600 sqm at Hillwood Wrocław East in Dobrzykowice, just outside Wrocław. The deal covers more than 5,000 sqm of warehouse space and around 600 sqm of offices. Only one 4,200 sqm unit remains available at the park.

Warehouse & industrial

Poland Tight supply leaves tenants competing for warehouse space

schedule 24 August 2026
Opr./edited by AH

Poland’s overall warehouse vacancy rate is around 7 pct, but large, well-located warehouse space is becoming much harder to find. Companies looking for more than 15,000 sqm are increasingly competing for the same buildings. According to SQM Advisory, the squeeze is no longer confined to the very largest warehouses; availability of mid-sized units is also tightening.

Warehouse & industrial

Poland Warehouse market picks up as tenants expand

schedule 24 August 2026
Opr./edited by AH

Poland’s warehouse market picked up noticeably in the first half of 2026 after a year dominated by lease renegotiations. New leases and expansions made up 60 pct of tenant activity, while cautious development kept new supply in check. The vacancy rate fell from 7.1 pct at the end of March to 6.3 pct at the end of June, according to JLL.

Office & mixed-use development

Poland Wrocław office market sees weaker tenant activity in H1 2026

schedule 24 August 2026
Opr./edited by AH

Tenant activity slowed in Wrocław in the first half of 2026. Two office projects were completed in the first quarter, leaving no buildings under construction. The vacancy rate also edged down. However, with around 295,000 sqm of space available for immediate occupation, it will take time for the market to rebalance, according to Newmark Polska’s 'Office Occupier – Wrocław Office Market' report.

Residential

Poland Flora Development receives occupancy permit for Esy Floresy

schedule 24 August 2026
Opr./edited by AH

Flora Development has received an occupancy permit for Esy Floresy, its residential project at ul. Cybernetyki 7 in Warsaw’s Mokotów district. The development comprises 213 apartments across two buildings, with apartment handovers beginning in August. The developer is also preparing its next residential project and seeking further development opportunities in Warsaw.

Property and Facility Management

Poland ISS takes over technical management of Axis in Kraków

schedule 24 August 2026
Opr./edited by AH

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 technical services across the 20,000 sqm building at ul. Przy Rondzie 4, beside the Mogilskie roundabout.

Warehouse & industrial

Poland Warehouse demand strengthens as availability tightens in Poland

schedule 24 August 2026
Opr./edited by AH

Poland’s warehouse market gained momentum in the first half of 2026 as occupier demand picked up while the development pipeline continued to shrink. Gross take-up rose 21 pct year on year, while net take-up – covering new leases and expansions – jumped 58 pct to more than 2.1 mln sqm. The vacancy rate fell to 6.3 pct and space under construction dropped to its lowest level in more than nine years. According to Axi Immo, the combination of strong demand and limited new supply could stimulate rent rises in many markets.

Investment & finance

Poland Henley sells Poznań shopping centre Galeria Pestka

schedule 24 August 2026
Opr./edited by AH

Henley has completed the sale of Galeria Pestka, a 41,658 sqm shopping centre in Poznań, Poland, to OPAL CENTRES, part of DromeStar Group. During Henley’s ownership, annual footfall rose from 4.8 mln to 5.1 mln, returning above pre-pandemic levels, while occupancy remained above 95 pct.

Human resources

Poland Ghelamco reshuffles management team in Poland

schedule 21 August 2026
Opr./edited by AH

Agnieszka Ciupak has been appointed managing director of Ghelamco in Poland. She joins Przemysław Dąbrowski, Jakub Kutzmann and Krzysztof Gozdecki as part of the company’s new management team.

Public buildings

Czech Republic Construction begins on emergency care unit at Prague’s Thomayer University Hospital

schedule 21 August 2026
Opr./edited by AH

Construction has begun on a new emergency care unit at Thomayer University Hospital in Prague, officially launched by Prime Minister Andrej Babiš and Health Minister Adam Vojtěch. The CZK 2.2 billion project is one of the hospital’s largest investments and forms part of the Czech government’s strategic healthcare infrastructure programme.

Office & mixed-use development

Poland Drutex to invest PLN 30 mln in headquarters expansion

schedule 21 August 2026
Opr./edited by AH

Drutex has begun the second phase of an expansion of its headquarters in Bytów, northern Poland. The PLN 30 mln project will refurbish its existing office building and connect it to the rest of the complex, which was completed last year. Allcon has been appointed as the general contractor.

Warehouse & industrial

Poland Poland’s warehouse market looks beyond space

schedule 21 August 2026
Opr./edited by AH

Poland’s modern warehouse and industrial stock has reached 37.44 mln sqm. Demand rose by 47 pct year on year in the first quarter of 2026. At the same time, companies are raising their expectations of what such facilities should offer. Floor space and location remain important, but so do flexibility, automation and the potential for future expansion.

Latest in Warehouse & industrial

schedule 25 August 2026

two leases in Logicor Łódź III

Logicor Łódź III is now fully leased after Transfer Multisort Elektronik (TME) and an aluminium processing company have both signed new agreements.

schedule 25 August 2026

CTPark Warsaw Emilianów Earns BREEAM Outstanding Rating

CTPark Warsaw Emilianów has achieved a BREEAM Outstanding rating, scoring 89.1 pct in the assessment.

schedule 25 August 2026

Panattoni starts final stage of Zgierz I

Panattoni has started work on the final stage of Panattoni Park Zgierz I in Lućmierz, near Łódź. The new 16,400 sqm warehouse will bring the park’s total space to more than 29,000 sqm.

schedule 24 August 2026

Elanders Polska takes nearly 5,600 sqm at Hillwood Wrocław East

Elanders Polska has taken nearly 5,600 sqm at Hillwood Wrocław East in Dobrzykowice, just outside Wrocław. The deal covers more than 5,000 sqm of warehouse space and around 600 sqm of offices. Only one 4,200 sqm unit remains available at the park.

schedule 24 August 2026

Tight supply leaves tenants competing for warehouse space

Poland’s overall warehouse vacancy rate is around 7 pct, but large, well-located warehouse space is becoming much harder to find. Companies looking for more than 15,000 sqm are increasingly competing for the same buildings. According to SQM Advisory, the squeeze is no longer confined to the very largest warehouses; availability of mid-sized units is also tightening.

schedule 24 August 2026

Warehouse market picks up as tenants expand

Poland’s warehouse market picked up noticeably in the first half of 2026 after a year dominated by lease renegotiations. New leases and expansions made up 60 pct of tenant activity, while cautious development kept new supply in check. The vacancy rate fell from 7.1 pct at the end of March to 6.3 pct at the end of June, according to JLL.

schedule 24 August 2026

Warehouse demand strengthens as availability tightens in Poland

Poland’s warehouse market gained momentum in the first half of 2026 as occupier demand picked up while the development pipeline continued to shrink. Gross take-up rose 21 pct year on year, while net take-up – covering new leases and expansions – jumped 58 pct to more than 2.1 mln sqm. The vacancy rate fell to 6.3 pct and space under construction dropped to its lowest level in more than nine years. According to Axi Immo, the combination of strong demand and limited new supply could stimulate rent rises in many markets.

schedule 21 August 2026

Poland’s warehouse market looks beyond space

Poland’s modern warehouse and industrial stock has reached 37.44 mln sqm. Demand rose by 47 pct year on year in the first quarter of 2026. At the same time, companies are raising their expectations of what such facilities should offer. Floor space and location remain important, but so do flexibility, automation and the potential for future expansion.

schedule 21 August 2026

Chorus enters CTPark Bucharest North

Electrical engineering firm Chorus Research Engineering Distribution has leased nearly 10,000 sqm of warehouse space at CTPark Bucharest North.

schedule 20 August 2026

7R signs 6,500 sqm lease with Berner Polska in Kraków

7R has signed a long-term lease with Berner Polska for nearly 6,500 sqm at its 7R Hub Nowa Huta logistics and technology development in Kraków.

schedule 20 August 2026

Warehouse Market Tightens

Poland’s industrial and logistics market entered the second half of 2026 with demand rising and available space continuing to shrink. According to Cushman & Wakefield’s latest MarketBeat report, the vacancy rate fell to 6.6 pct in the second quarter, its lowest level since 2023. Tenants remained active in signing new leases during the first half of the year, while developers continued to take a cautious approach. The value of investment transactions in the logistics sector was also 13 pct higher than a year earlier.

schedule 20 August 2026

Reino IO Piotrków BTS completed

Reino IO Logistics has completed Reino IO Piotrków BTS, a nearly 27,000 sqm cross-dock logistics centre in Piotrków Trybunalski, central Poland. The investor is the Polish Logistics platform, managed by Reino IO Logistics, while Kajima Poland was responsible for the design and general construction under a design-and-build contract.

schedule 19 August 2026

Poland’s Logistics Investment Market Posts Strong First Half

Poland’s industrial and logistics investment market recorded EUR 782 mln in transactions in the first half of the year, across 18 deals. This was 36 pct above the five-year average and the sector’s third-highest first-half investment volume on record, after 2020 and 2021. The strong showing was driven by more than a return of large deals, however. Investors are increasingly prioritising long-term, predictable income, while sale-and-leaseback transactions are becoming an increasingly important way of bringing assets to market.

schedule 19 August 2026

Poland’s Warehouse Demand Hits 2022 High

Poland’s industrial and logistics market entered 2026 with a marked increase in tenant activity. In the first half of the year, demand reached its highest level since 2022, while the vacancy rate fell to its lowest level in more than three years. At the same time, Poland’s total modern warehouse stock approached 37.5 mln sqm, reinforcing the country’s position as the most developed logistics market in Central and Eastern Europe.

schedule 18 August 2026

Mitgar Port Operation takes up 7,500 sqm in CTPark Gdańsk Port

Mitgar Port Operation, one of the leading logistics providers to the automotive sector, has leased more than 7,500 sqm of modern warehouse space inCTPark Gdańsk Port. Querco Property advised Mitgar Port Operation on the transaction.

schedule 18 August 2026

Komplex Torus takes 6,800 sqm of modern space in MLP Pruszków II

Komplex Torus, a leading distributor of household chemicals, cosmetics and hygiene products, has leased nearly 6,800 sq m of modern space in MLP Pruszków II. Newmark Polska advised the tenant throughout the lease negotiations.

schedule 17 August 2026

7R builds for Procent

7R has launched construction on 7R Park Szczecin South, a two-building centre that will eventually comprise around 29,000 sqm. The sole tenant of the first building will be e-commerce logistics operator Procent Poland, with a lease of 23,000 sqm. The second smaller building of the complex will have an area of around 5,000 sqm.

schedule 14 August 2026

Squarebizz Bory hits top 5 for excellence

Squarebizz Business Center Bory has achieved BREEAM In-Use ‘Excellent’ rating for asset performance with an overall score of 75.1 pct, putting it in the top five facilities in Slovakia. The owner and developer of the industrial and business park is Karimpol.

schedule 14 August 2026

GN Group moves to Panattoni Business Park Kladno

GN, a Danish manufacturer of audio and communications technology, has leased more than 30,000 sqm at Panattoni Business Park Kladno.

schedule 14 August 2026

Antczak completes Maspex plant

Antczak Group has completed the construction of a 13,500 sqm logistics and warehouse complex for food producer Maspex in Tychy in Silesia.

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Edition 6 (308) June 2026

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