Develia fears Covid-19 impact on business

Coronavirus
POLAND Wrocław-based developer Develia (formerly LC Corp) has announced that the disruption caused by the pandemic could have a significant and potentially serious impact on the current operations of the company and its groups.
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The impact can already be seen, mainly in the revenues generated by shopping centres (Develia group’s companies are the owners of two shopping centres in Wrocław: Arkady Wrocławskie and the shopping gallery in Sky Tower), the level and rate of sales of apartments, the delays in project execution as well as availability and terms of new financing.

The management board has undertaken specific measures in order to limit the negative impact of the crisis situation to its business.

Latest news

Investment & finance

Poland Focus Real Estate reorganises financing

schedule 08 January 2026
Opr./edited by AH

Focus Estate Fund has fully repaid its loan to G City Europe Group. Additionally, the Luxembourg-based fund signed a EUR 3 mln financing agreement with Pekao for the Ferio Legnica retail project.

Material partner

Antarctica Construction at the edge of the world

schedule 27 November 2025
Opr./edited by JC

The implementation team for the next stage of the construction of the new main building of the Henryk Arctowski Polish Antarctic Station has reached King George Island – over 14,000 km from Poland.

Office & mixed-use development

Poland Now called Olimpia Nova

schedule 08 January 2026
Opr./edited by AH

The Olimpia Software Pool building in Łódź has been renamed. The 8,2000 sqm building is now called Olimpia Nova.

Warehouse & industrial

Poland MLP builds near Warsaw

schedule 08 January 2026
Opr./edited by AH

MLP Group has begun construction work on two warehouses with a total area of ​​30,000 sqm in its MLP Pruszków II complex near Warsaw. The project is being developed speculatively, and completion is planned for the second quarter of 2026.

Warehouse & industrial

Poland Jet Investment to build near Gdańsk

schedule 08 January 2026
Opr./edited by AH

Jet Investment, an investment firm managing private equity and real estate funds in Central and Eastern Europe, has acquired a strategic warehouse project in Poland in an investment of EUR 50 mln.

Warehouse & industrial

Panattoni Park Bad Hersfeld Ost completed

schedule 08 January 2026
Opr./edited by AH

Panattoni has completed construction of Panattoni Park Bad Hersfeld Ost in Herleshausen, Hesse. The developer plans to apply for a Gold certification rating under DGNB.

Warehouse & industrial

Poland First stage of Warsaw North Logistic Park now open

schedule 08 January 2026
Opr./edited by AH

Warsaw North Logistic Park has been granted an occupancy permit. This warehouse and logistics centre was developed near Warsaw by Eika Asset Management.

Investment & finance

Germany IntReal buys two warehouses

schedule 08 January 2026
Opr./edited by AH

Wealthcap Immobilienfonds Deutschland 30 has sold two large logistics properties – in Donauwörth and Munich-Schwaig – operating under the name 2Up. The buyer was a specialist fund managed by IntReal.

Investment & finance

Poland Urban Living granted PLN 200 mln loan

schedule 08 January 2026
Opr./edited by AH

Urban Partners has been granted a loan of over PLN 200 mln by Santander Bank Polska to refinance three co-living properties in Gdańsk, managed by the NSF V fund.

Retail & leisure

Poland Enel Med expands in Kraków

schedule 07 January 2026
Opr./edited by AH

Enel-med is opening a new location in Galeria Kazimierz in Kraków. This will be the chain's fourth medical centre in the city and its 36th in Poland.

Investment & finance

Poland Investment market in good shape

schedule 07 January 2026
Opr./edited by AH

Offices, warehouses, and retail parks saw the greatest demand on the Polish investment market in 2025. Investors made significant purchases, but focused on medium-sized and smaller projects as well as property portfolios according to the latest JLL report on the investment market for 2025.

Retail & leisure

Poland Retail Park to arise in Darłowo

schedule 07 January 2026
Opr./edited by AH

A new retail park is to be built in Darłowo in Western Pomerania, with the opening scheduled for mid-2027. Medos is the investor, with Scallier being responsible for the commercialisation.

Office & mixed-use development

Europe No compromise on quality

schedule 07 January 2026
Opr./edited by AH

European office costs continue to rise, but companies are not compromising on their demands for high-quality work environments. On the contrary, they are investing in premium offices that are cleverly designed and technologically advanced. The circular economy, digitalisation and efficient use of space are helping to curb cost growth significantly.

Infrastructure

Poland Intercor builds track

schedule 07 January 2026
Opr./edited by AH

Intercor has completed reconstruction works on the railway line between Lębork and Słupsk. Trains have now returned to service with completely reconstructed station platforms at Pogorzelice and Jezierzyce Słupskie.

Retail & leisure

Poland Agata opens in Karuzela Ełk

schedule 07 January 2026
Opr./edited by AH

Polish furniture and home furnishings manufacturer and distributor Agata has opened a 5,000 sqm store in the Karuzela retail park in Ełk. 

Investment & finance

Poland Adventum acquires eight shopping centres

schedule 07 January 2026
Opr./edited by AH

Auchan Polska and Ceetrus have sold a portfolio of eight shopping centres in Poland to the Adventum Penta Fund from Hungary. 

Infrastructure

Poland CPK to be solar powered

schedule 05 January 2026
Opr./edited by AH

CPK has awarded a contract to Elektrotim for the preparation of the design documentation for a solar energy farm and storage facility to power the new Central Airport Hub airport under construction in Baranów.

Investment & finance

Poland Cornerstone buys Senator

schedule 30 December 2025
Opr./edited by AH

Cornerstone Investment Management, in partnership with Fidera, has purchased the Senator office building in central Warsaw from Union Investment Real Estate.

Investment & finance

Poland Ferio Wawer sold

schedule 30 December 2025
Opr./edited by AH

Strabag Real Estate Poland has sold the Ferio Wawer shopping centre in Warsaw to the Era Park Group with the mediation of Savills.

Architecture and urban planning

Poland Public consultations held for Park Wilanów

schedule 30 December 2025
Opr./edited by AH

The Nhood Services Poland team has completed another round of public consultations for its mixed-use Wilanów Park development. Residents voiced their opinions on the proposed uses, services, and surroundings of Wilanów Park.

Latest in Coronavirus

schedule 30 March 2021

Vaccination centre provided by Globalworth

The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.

schedule 24 June 2020

Employers in no rush to return to workplaces

Almost three quarters of employers plan to reintroduce their employees to their workplaces in phases rather than all at once, according to CBRE in its global survey on return-to-work strategies after the Covid-19 pandemic.

schedule 14 May 2020

Catella sees hope and chances for real estate after Covid-19

WORLD Real estate could actually benefit from the Covid-19 pandemic in the long run due its perception as a safe haven for investors, according to a report just published on the implications of the epidemic for the market by Swedish property consulting and fund management specialists Catella.

schedule 14 May 2020

Build Europe pushes post-coronavirus action plan

EUROPE Build Europe, an umbrella organisation for EU-based residential developers and constructors, has presented its recommendations for helping the sector in the EU emerge from the post-Covid19 economic crisis.

schedule 14 May 2020

Polish RE lends an even greater hand to fight the pandemic

POLAND More companies have joined # Property4Heroes - the commercial real estate market's initiative to support hospital staff and ambulance crews across Poland. Each day the initiative delivers 1,150 meals to physicians, nurses, paramedics and support personnel.

schedule 07 May 2020

Panattoni to provide PLN 0.5 bln worth of medical supplies

POLAND Warehouse developer Panattoni has allocated PLN 500,000 to buy medical supplies for three Polish hospitals.

schedule 14 April 2020

Landlords underwhelmed by emergency relief

CEE REGION Preliminary CEE investment volumes for Q1 2020 amounted to app. EUR 3.7 bln, despite the onset of Covid-19 in the region in early March – according to Colliers International’s latest research report.

schedule 14 April 2020

Toyota prepares to reopen Polish plants

EUROPE Toyota Motor Corporation has announced the partial resumption of operations in its European manufacturing plants, which have been closed due to the coronavirus epidemic.

schedule 08 April 2020

AFI Braşov now to open in the autumn

ROMANIA AFI Europe Romania has announced that it is rescheduling the opening of its AFI Braşov shopping and entertainment centre due to the pandemic.

schedule 08 April 2020

Aleja opening postponed

SLOVENIA The official opening of the Aleja shopping centre in Ljubljana’s Šiška district has been postponed.

schedule 07 April 2020

BPI opens virtual sales office

POLAND BPI Real Estate Polandis to introduce a virtual sales office for all of its Polish projects.

schedule 07 April 2020

Rent suspension in Sukcesja

POLAND Rent payments have been suspended for all tenants in the Sukcesja shopping centre in Łódź.

schedule 03 April 2020

Retailers join the fight

POLAND The Polish Trade and Distribution Organisation [POHiD], an association of retail chains, are to contribute PLN 15 mln to fight the coronavirus epidemic.

schedule 02 April 2020

Carrefour donates PLN 2 mln to fight pandemic

POLAND The Carrefour Foundation and Carrefour Polska are donating around PLN 2 mln to Polish hospitals for the fight against the coronavirus pandemic.

schedule 01 April 2020

Pay no rent in Sukcesja

POLAND The Sukcesja shopping centre owned by Fabryka Biznesu in Łódź has stopped collecting rents from its tenants.

schedule 31 March 2020

Government takes on board PRCH recommendations

POLAND The range of temporary trading restrictions in Polish retail buildings above 2,000 sqm imposed by the Ministry of Health has been clarified after consultations with the Polish Council of Shopping Centres [PRCH] and the Ministry of Development.

schedule 31 March 2020

Rent holiday for CCC and Ultro tenants

POLAND Dariusz Miłek, the president of footwear and accessories retailer CCC and Ultro Holding, the owner and manager of Cuprum Arena in Lubin and Korona in Kielce, has decided to cancel rent collections from tenants whose outlets have been forced to close during the Covid-19 emergency.

schedule 31 March 2020

Develia fears Covid-19 impact on business

POLAND Wrocław-based developer Develia (formerly LC Corp) has announced that the disruption caused by the pandemic could have a significant and potentially serious impact on the current operations of the company and its groups.

schedule 31 March 2020

Economies rebalance in wake of coronavirus

CEE REGION According to analysis by Colliers International all CEE economies this year are to decline or fall into recession as a result of the coronavirus.

schedule 30 March 2020

Movement and gatherings ban tightened further

POLAND The Polish government has introduced a new directive clarifying the restrictions on movement as part of its measures to combat the Covid-19 pandemic.

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Edition 12 (304) December 2025

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