Warehouse & industrial
Poland's warehouse market ended the third quarter of 2026 with stronger occupier demand, increased development activity and declining availability of vacant space. According to Cushman & Wakefield, the vacancy rate fell to 5.7 pct, while gross take-up reached 1.79 mln sqm.
Investment & finance
The European real estate market is awaiting a more sustained recovery, but Poland remains one of the region's most promising investment destinations. According to the report 'Emerging Trends in Real Estate Europe 2027', prepared by PwC and the Urban Land Institute (ULI), Warsaw has retained 12th place in the European investment and development prospects ranking for the third consecutive year.
Construction
Construction has officially started on Munich Arena, a new live entertainment complex scheduled to open in 2029. The development, valued at more than EUR 400 mln, will include a concert venue for approximately 20,000 spectators, a music-themed hotel, a mobility centre and recreational areas. Drees & Sommer is responsible for project management.
Investment & finance
The Czech Republic's commercial real estate market recorded EUR 2 bln in investment transactions in the first three quarters of 2026, with domestic investors accounting for more than 65 pct of the total. According to CBRE, annual investment volume could reach EUR 2.7–3 bln, supported by major deals involving the Riverside Karlín office complex and Centrum Stromovka shopping centre.
Investment & finance
Czech developer Ikonix has entered into a strategic partnership with investment group Avant, acquiring a stake in its Nemomax qualified investor real estate fund and taking over full management of its development projects. The partners plan to invest more than CZK 1 bln annually in new real estate ventures.
Warehouse & industrial
LemonTree has started construction of MATCH WARSAW, an 18,000 sqm mixed-use development combining warehouse, service and sports facilities. The project is located in southern Warsaw, near Chopin Airport, and is scheduled for completion in May 2027.
Investment & finance
Funds managed by Strategic Value Partners, together with 4 Friends Investment (4FI), have acquired Havelpark Dallgow, a shopping centre in Dallgow-Döberitz, Brandenburg, near Berlin, from European private real estate manager Redevco.
Investment & finance
KÉSZ Group has secured EUR 30 mln in financing from Raiffeisen Bank Romania for Corallis Apartments, its first own residential development in Bucharest. The loan complements the Group’s investment and customer prepayments, strengthening the project’s financial structure and supporting its continued development.
EurobuildCEE
The keynote speaker at Eurobuild’s 32nd Annual Polish Commercial Real Estate Conference will be one of Europe’s foremost real estate and capital markets experts: Franck Delage, the managing director, real estate sector lead (EMEA) and global coordinator of S&P Global.
Residential
Agrobex Deweloper has secured an occupancy permit for the second phase of its Nove Garby residential development in Garby, near Poznań. The completed phase comprises 145 apartments, while construction of the third phase, featuring a further 108 units, is underway.
Office & mixed-use development
International insurance brokerage group PIB Group has leased 1,300 sqm of office space at Warsaw Trade Tower (WTT), owned by Globalworth. The new headquarters occupies an entire floor of the landmark Warsaw skyscraper.
Residential
Half of the 283 apartments at Geosan Development’s Re.Start Petynka residential project in Prague’s Střešovice district have been sold. Two-bedroom units are proving particularly popular. The development will also feature a retail and service offering, including a Billa supermarket and additional ground-floor commercial premises.
Investment & finance
GTC has completed the sale of the Francuska Office Centre in Katowice to BPS Leasing S.A., which acquired the property on behalf of Grupa Opal through a real estate leasing arrangement. The transaction forms part of GTC’s strategy to reduce debt and optimise its property portfolio.
Warehouse & industrial
Romanian automotive dealer Autoklass has become the latest tenant at MLP Bucharest West, leasing 3,000 sqm of space, including 2,700 sqm of warehouse space and 300 sqm of offices. The lease is scheduled to commence in mid-December 2026.
Residential
Matexi Polska has secured an occupancy permit for the second and final phase of its Sady Żoliborz residential development in Warsaw, paving the way for handovers to begin shortly. Only a handful of apartments remain available, including two-bedroom units and the project's final five-bedroom apartment.
Office & mixed-use development
Developers behind the Towarowa22 project in Warsaw’s Wola district have begun the comprehensive restoration of the historic Dom Słowa Polskiego pavilion. Designed by JEMS Architekci, the modernist building will be transformed into a food and service destination integrated with the development’s landscaped Towarowa Gardens. Construction is scheduled for completion in Q1 2027, with the venue expected to open in 2028.
Retail & leisure
Poland’s retail property market continues to see strong development activity. In Q3 2026, 128,000 sqm of new retail space was delivered, up 36.2 pct year on year. Retail parks accounted for more than 90 pct of new supply, while the vacancy rate across the country’s largest urban markets remained low at 2.5 pct, according to the latest report by BNP Paribas Real Estate Poland.
Technology
CBRE is expanding its advisory services for the defence and dual-use technology sectors in Poland. Jan Banasikowski, who has been with the company for 10 years, has been appointed Defence & Dual Use Lead.
Office & mixed-use development
Krakowski Bank Spółdzielczy has leased serviced space at DL Space Atrium, part of DL Invest Group’s mixed-use complex at 138 Korfantego Avenue in Katowice. The premises will house a customer service branch, complemented by a 24-hour ATM.
Retail & leisure
Focus Mall in Piotrków Trybunalski is expanding its retail offer. On 5th November, ShockPrice opened its first off-price store in the Łódź region at the shopping centre. Teletorium has also joined the tenant mix, while Tatuum and YES are investing in larger, refurbished stores.
Construction has officially started on Munich Arena, a new live entertainment complex scheduled to open in 2029. The development, valued at more than EUR 400 mln, will include a concert venue for approximately 20,000 spectators, a music-themed hotel, a mobility centre and recreational areas. Drees & Sommer is responsible for project management.
Strabag, together with TKT Engineering, has been appointed general contractor for Roma Tower, a 170-metre residential skyscraper planned for central Warsaw. The EUR 200 mln project will comprise 357 luxury apartments, with construction scheduled to take 50 months.
PORR has signed a contract worth around PLN 539 mln gross to build the first phase of a cargo and logistics facility for the US Air Force at Wrocław-Strachowice Airport. Commissioned by the Regional Infrastructure Management Board in Wrocław, the project is scheduled for completion by 2029.
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.
Public-sector construction has become one of the fastest-growing areas of Dekpol Budownictwo’s business. Over the past two years, the company has signed general contracting agreements for projects spanning culture, education, sport, public safety and social policy, with a combined value exceeding PLN 1 billion. Its portfolio includes projects across Poland as well as the construction of the new Polish Antarctic Station on King George Island.
A traditional topping-out ceremony has been held at the construction site of the new primary school in Biedrusko. The project on Chludowska Street, being developed by Dekpol Budownictwo, has reached another key milestone. According to Suchy Las municipality, it is the largest educational investment in its history. The new school will accommodate up to 600 pupils.
Mirbud has signed a contract with Warsaw University of Technology to build a sports and events hall next to the Syrenka Stadium in Warsaw. The design-and-build contract is worth more than PLN 168 mln.
Budimex has signed a contract with Adam Mickiewicz University in Poznań to design and build a new university archive. The contract is worth more than PLN 26.4 million net, with the project scheduled for completion within 18 months.
Budimex has begun reconstructing a more than 2-kilometre section of the I/43 road near Černá Hora in the Czech Republic. The CZK 250.2 mln contract (EUR 10.3 mln) covers the construction of a new road and two bridges.
Budimex will complete the expansion of Dr Jan Biziel University Hospital No. 2 in Bydgoszcz. The contract is worth nearly PLN 211 mln gross.
Berger Bau has signed a contract to modernise the Lower Silesian Police headquarters in Wrocław. The PLN 24 mln project is scheduled for completion within 28 months.
Poland’s construction sector is facing increasing labour shortages, with the industry short of around 150,000 workers. Turnover among engineers has reached 42 pct, according to Randstad’s latest report, 'Labour Market in the Construction Sector: Trends, Challenges and Recruitment Strategies for 2026'. Demographic changes, rising employee expectations and the sector’s shift towards Construction 4.0 are adding to the pressure.
Cost remains a decisive factor in construction tenders, but investors are increasingly looking beyond the upfront price. For production facilities and warehouses, factors such as delivery time and technical specifications are now being considered alongside a building’s carbon footprint over its entire life cycle.
Construction material prices are rising significantly more slowly than inflation, with prices in some categories even falling. Despite this, the situation for construction companies remains challenging. The number of corporate insolvencies in the sector rose by 31.3 pct year on year, while the number of restructuring proceedings almost doubled. Weaker demand, high labour costs and pressure on liquidity are among the main challenges facing the industry.
Poland’s residential construction market is slowing, with 936 projects put on hold over the past year. Yet investors continue to prepare new projects, with activity in planning and design on the rise. According to Kompas Inwestycji, 1,219 projects reached the foundation stage or moved into construction between August 2025 and July 2026.
The Territorial Planning, Urbanism and Construction Code (CATUC) is expected to have a significant impact on Romania’s real estate market. Two measures are likely to be particularly important: tighter limits on how much can be built on a site and a new infrastructure payment, the cost of which has yet to be determined, according to Crosspoint Real Estate.
Work is progressing on the High-Speed Rail (KDP) tunnel in Łódź, part of the Port Polska project. At the launch chamber in Retkinia, the concrete support for the Tunnel Boring Machine (TBM) shield has been completed, while the first components of the machine are being assembled on site. Tunnelling on one of Poland’s most important underground railway projects is due to begin in 2027.
The construction of Poland’s first nuclear power plant has reached an important milestone. Bechtel, the project’s general contractor, is taking over management of the construction site from Polskie Elektrownie Jądrowe (PEJ). At the same time, Budimex, one of Poland’s largest construction companies, has begun the earthworks.
Budimex has been awarded a PLN 146 mln contract to construct the foundations of the passenger terminal of the new airport that forms part of the massive Port of Poland (or CPK) transport hub, which is being developed between Warsaw and Łódź.
A significant stage in the assembly of the new main building of the Henryk Arctowski Antarctic Station has been completed.
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 ...
Construction has officially started on Munich Arena, a new live entertainment complex scheduled to open in 2029. The development, valued at more than ...
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.
Warsaw is strengthening its position on Europe’s artificial intelligence map, while Kraków stands out for its technology sector growth potential. Acco ...
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 ...
NEPI Rockcastle has opened its second large-scale photovoltaic park in Romania, bringing its in-house renewable energy capacity to the equivalent of 3 ...
The deadlines for nominating candidates and registering for the jury for the 16th Eurobuild Awards have been extended! Both the candidate and jury reg ...
We spoke with Zdena Noack, managing director of Zeitraum Student Housing, during the opening of Zeitraum Racławicka in Kraków.
The keynote speaker at Eurobuild’s 32nd Annual Polish Commercial Real Estate Conference will be one of Europe’s foremost real estate and capital marke ...
On 28th October, the Warsaw Spire skyscraper in Warsaw displayed the inscription “PREDAPPIO 28 X 1944, LA POLONIA NON È LIQUIDATA” (“Poland has not be ...
Recently UNIQA Real Estate Management announced that it was opening up its portfolio to third-party investors and then, soon afterwards, announced tha ...
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 ...
Mercure Gdynia Centrum has officially been awarded a four-star rating following an application by the hotel’s owner, Essendi. The decision marks the c ...
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 ...
The European real estate market is awaiting a more sustained recovery, but Poland remains one of the region's most promising investment destinations. ...
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 ...
International insurance brokerage group PIB Group has leased 1,300 sqm of office space at Warsaw Trade Tower (WTT), owned by Globalworth. The new head ...
CBRE has been appointed to manage and lease a portfolio of 11 Dekada retail properties owned by Hungary’s Appeninn Group. The portfolio comprises near ...
Prague 14 has begun construction of a new primary school in Jahodnice. The school, at U Hostavického potoka Street, will accommodate 540 pupils, with ...
Agrobex Deweloper has secured an occupancy permit for the second phase of its Nove Garby residential development in Garby, near Poznań. The completed ...
Poland’s retail property market continues to see strong development activity. In Q3 2026, 128,000 sqm of new retail space was delivered, up 36.2 pct y ...
CBRE is expanding its advisory services for the defence and dual-use technology sectors in Poland. Jan Banasikowski, who has been with the company for ...
Poland's warehouse market ended the third quarter of 2026 with stronger occupier demand, increased development activity and declining availability of ...
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 ...