PL

Buma takeover put off but still going ahead

Investment & finance
POLAND Reino Capital, RF Corval and Roberts Constructions have announced that they have postponed the signing of preliminary contracts for the purchase of the Kraków-based Grupa Buma by a month.

According to the buying parties, the transaction should be concluded by February 21st, 2020 and that the extension of the deadline from arrangements made in November 2019 is due to factors “independent of the parties to the deal, which do not pose a threat to its finalisation.”

At the end of 2019, the Office of Competition and Consumer Protection (UOKiK) approved the acquisition of the group, which includes more than twenty companies and assets with a gross value of app. PLN 1.3 bln. The final closing of the deal is scheduled for May 21st.

Latest news

Investment & finance

Poland Full occupancy across the ELF 2

schedule 14 November 2024
Opr./edited by JC

Savills IM has let the last vacant rental space of the European Logistics Fund 2 (ELF 2) in a logistics property in Konotopa, Poland, on a long-term lease.

Investment & finance

Poland First loan of its kind

schedule 14 November 2024
Opr./edited by JC

Panattoni has been awarded a pioneering green loan from Berlin Hyp worth EUR 74.34 mln. The financing is for a logistics center in Bydgoszcz developed for an e-commerce firm.

Residential

Czech Republic YIT is going to Brno

schedule 13 November 2024
Opr./edited by JC

YIT continues to grow in line with its strategy in the CEE countries. The company is expanding its operations in the Czech Republic and establishes a joint venture with the Czech investor group RSJ Investments.

Investment & finance

Poland Vantage has EUR 100 mln to invest in Poland

schedule 13 November 2024
Opr./edited by ANZ

Hotels

Bulgaria The first Mercure in Bulgaria

schedule 13 November 2024
Opr./edited by ANZ

Mercure, a brand of the Accor Group, announces the opening of its first hotel in Bulgaria. The new property is located in one of Sofia's most prestigious districts, Manastirski Livadi, with easy access to the National History Museum and Vitosha National Park.

Warehouse & industrial

Poland All occupied at Hillwood in Łódź

schedule 13 November 2024
Opr./edited by ANZ

The two Łódź logistics centres - Hillwood Łódź Chocianowice and Hillwood Łódź Górna - have been fully leased. The latest agreement has been concluded at the second facility, with a client from the electronics industry.

Warehouse & industrial

Poland Orlen chooses P3 Piotrków park

schedule 13 November 2024
Opr./edited by ANZ

P3 Logistic Parks and Orlen have signed a lease agreement for nearly 24,000 sqm of space in the P3 Piotrków park. The facility will serve as a warehouse for supplying the corporation's fuel stations.

Warehouse & industrial

Poland Panattoni launches a BTS factory

schedule 12 November 2024
Opr./edited by JC

Panattoni has completed a BTS development in Świdnik. A new factory was built for Trilux, a German company operating in the professional lighting sector.

Office & mixed-use development

Poland Third quarter holds steady

schedule 12 November 2024
Opr./edited by JC

Cushman & Wakefield has summarised the Q3 of 2024 on the largest office markets in Poland. Office take-up in key regional cities remained on par with the figures recorded in the same period in 2023, signifying stability on the office rental market.

Warehouse & industrial

Czech Republic CTP builds for Redcare Pharmacy

schedule 12 November 2024
Opr./edited by ANZ

CTP has began the construction of a new distribution centre of more than 30,000 sqm at CTPark Blatnice in the Czech Republic for Redcare Pharmacy. The building is scheduled for completion in July 2025.

Warehouse & industrial

Poland DHL warehouse is fully automated

schedule 08 November 2024
Opr./edited by JC

DHL Supply Chain opened its first warehouse in Poland equipped with AutoStore. The robotised facility in Gorzów Wielkopolski marks the first deployment of the automated system by the company.

Warehouse & industrial

Poland Panattoni makes space for XBS

schedule 07 November 2024
Opr./edited by JC

Panattoni is constructing the third and final building in the Panattoni Park Warsaw West development. The 16,460 sqm facility is being built to meet the needs of XBS Logistics.

Investment & finance

Poland Green loan signed for Warsaw Spire

schedule 07 November 2024
Opr./edited by JC

Immofinanz signed a new five-year, EUR 180 mln green loan with Helaba, pbb Deutsche Pfandbriefbank and Berlin Hyp, secured by myhive Warsaw Spire. The office tower offers over 71,000 sqm of GLA and holds a BREEAM Excellent certification.

Warehouse & industrial

Germany Full occupancy at Niedersachsenpark Rieste

schedule 07 November 2024
Opr./edited by JC

Garbe Industrial Real Estate is leasing its last available plot in Niedersachsenpark Rieste to a provider of logistics services. The company plans to use an 11,500-sqm hall there to store and handle components for the process chain of a car manufacturer.

Office & mixed-use development

Romania Furniture retailers choose office buildings

schedule 06 November 2024
Opr./edited by ANZ

Insignis concept store, a furniture retailer, has rented space on the ground floor of The Bucharest Business Park. Three other companies that sell furniture have recently rented sales spaces in office buildings in the northern area of Bucharest, the total area exceeding 10,000 sqm.

Eurobuild CEE

Poland November issue of Eurobuild

schedule 05 November 2024
Eurobuild CEE

The new issue of Eurobuild is already here, with the first summaries of the passing year, numerous interviews and reports from market events: our annual warehouse and office conferences and from Expo Real 2024 in Munich.

Office & mixed-use development

Poland Warsaw office market back in the game

schedule 05 November 2024
Opr./edited by ANZ

According to a report 'Office Market in Warsaw in Q1-Q3 2024', published by Axi Immo, developer activity in the Warsaw office space market is progressively increasing. More than 70,000 sqm finished by the end of September 2024 and around 280,000 sqm under construction in the coming years, demonstrate that investors and developers are moving the industry forward.

Office & mixed-use development

Poland The Shire expands in Kraków

schedule 04 November 2024
Opr./edited by JC

GTC, in collaboration with The Shire Beyond Coworking, is opening a new coworking space in Kraków's Korona Office Complex.

Hotels

Czech Republic Juliš changes hands

schedule 04 November 2024
Opr./edited by JC

S Immo has successfully completed a sale of the Juliš Hotel in Prague, with a total leasable area of around 6,700 sqm.

Warehouse & industrial

Poland Panattoni gets millions from BNP Paribas

schedule 04 November 2024
Opr./edited by JC

Panattoni has been granted a loan for the development of a new distribution centre for a leading retailer. The EUR 36.5 mln loan was granted by BNP Paribas.

Latest in Investment & finance

schedule 14 November 2024

Full occupancy across the ELF 2

Savills IM has let the last vacant rental space of the European Logistics Fund 2 (ELF 2) in a logistics property in Konotopa, Poland, on a long-term lease.

schedule 14 November 2024

First loan of its kind

Panattoni has been awarded a pioneering green loan from Berlin Hyp worth EUR 74.34 mln. The financing is for a logistics center in Bydgoszcz developed for an e-commerce firm.

schedule 13 November 2024

Vantage has EUR 100 mln to invest in Poland

schedule 07 November 2024

Green loan signed for Warsaw Spire

Immofinanz signed a new five-year, EUR 180 mln green loan with Helaba, pbb Deutsche Pfandbriefbank and Berlin Hyp, secured by myhive Warsaw Spire. The office tower offers over 71,000 sqm of GLA and holds a BREEAM Excellent certification.

schedule 31 October 2024

Warimpex withdraws from Russia

Warimpex Finanz- und Beteiligungs has sold its last remaining project in Russia, the Airportcity St. Petersburg, and is therefore no longer active in the Russian market.

schedule 30 October 2024

Trinity One office complex in Warsaw purchased by Longvilliers

Revetas Group has announced the successful disposal of the Trinity One class-A office complex in Warsaw to Longvilliers. The terms of the transaction were not disclosed.

schedule 30 October 2024

Poland can win nearshoring investment

Poland’s highly skilled workforce, growing pool of environmentally compliant buildings and developed IT services market make it an attractive destination for foreign investors who want to shorten their supply chains, according to experts on nearshoring at law firm DLA Piper.

schedule 30 October 2024

Refinancing near Pruszków

BNP Paribas Bank has granted MLP Group financing in the total amount of EUR 21.5 mln. The funds raised will be used to refinance the construction of a 34,600 sqm warehouse facility at the MLP Pruszków II logistics centre.

schedule 28 October 2024

OUP gains millions from leasehold sales

One United Properties has sold long leasehold properties, part of its portfolio of commercial projects, worth EUR 52.4 mln in the last 18 months. The total GLA of the assets is 20,851 sqm.

schedule 25 October 2024

Atenor sells Lakeside

Atenor has announced the signing of an agreement with an international investor for the sale of the Lakeside project in Warsaw. The transaction, expected to be closed by the end of the year, represents a significant step in Atenor’s debt reduction strategy.

schedule 24 October 2024

Starwood Capital and pbb are partnering up

Starwood Capital Group, a global private investment firm focused on real estate, and Deutsche Pfandbriefbank announced they have signed a Memorandum of Understanding to finalise a strategic partnership in CRE lending.

schedule 22 October 2024

Loan to Hillwood Zgierz II

Hillwood Polska and mBank have closed a financing deal of more than EUR 38 mln for the construction of the Hillwood Zgierz II logistics park. This is yet another cooperation between the companies.

schedule 21 October 2024

The Bridge secures millions

Ghelamco has secured bank financing for The Bridge office complex in downtown Warsaw. The construction and investment loan was provided to the developer by Santander Bank Polska, which will also be a tenant of the skyscraper.

schedule 16 October 2024

Ozimska Park sold to Newgate

Redkom Development has sold the 17,000 sqm Ozimska Park retail park in Opole to Newgate Investment.

schedule 11 October 2024

Panattoni sells Warsaw park

Panattoni has sold the 39,000 sqm City Logistics Warsaw IV logistics park to an undisclosed international real estate investor for EUR 53.5 mln.

schedule 10 October 2024

MLP closes green notes offering

MLP Group has successfully closed its debut senior green notes offering, worth EUR 300 mln (approx. PLN 1.3 bln). Investor demand far exceeded expectations, resulting in the offering being multiple times oversubscribed.

schedule 10 October 2024

FDI stock increase in construction and real estate

According to data from the National Bank of Romania analyzed by the Cushman & Wakefield Echinox, the real estate and construction sector became the second largest recipient of foreign capital in Romania, after industry. The sector attracted approx. EUR 2.2 bln of foreign direct investments in 2023, as the share of this economic activity in the overall FDI stock stood at 17.5 pct at the end of 2023.

schedule 09 October 2024

Park Szczecin VI gets green financing

Accolade has secured EUR 29.5 mln net financing from BNP Paribas Bank Polska for the development of Park Szczecin VI industrial park, located in the Dunikowo Special Economic Zone. The facility will have an area of over 54,000 sqm. 

schedule 03 October 2024

Future comes to Galardia

The Galardia shopping centre in Starachowice has been acquired by Future Estate from London-based Stage Capital. It was opened in October 2014 and comprises 18,000 sqm gla.

schedule 01 October 2024

Garbe and Logicenters acquire former airbase

Garbe and its joint venture partner Logicenters, Nrep's development and management platform for logistics properties, have acquired a 20,000 sqm plot of land. A logistics centre with a total area of around 11,600 sqm is to be built on this site. Construction is scheduled to begin in Q2 2025, with an investment volume of around EUR 17 mln.

Edition 11 (293) November 2024

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