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.
You are reading this content because it is covered by the free limit. Buy full access!

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

Romania Land transactions reach EUR 450 mln

schedule 29 January 2026
Opr./edited by AH

Romania’s land market closed 2025 with an estimated transaction volume broadly in line with 2024 levels, when deals totalled nearly EUR 450 mln, according to data from Colliers. The market was shaped by political uncertainty and fiscal adjustments in the first part of the year. However, sentiment improved visibly after the elections, with the final months of 2025 delivering some of the strongest transactional results seen in recent years.

Infrastructure

Poland Połaniec 2 substation under construction

schedule 29 January 2026
Opr./edited by AH

A new 110/15 kV substation and power lines are under construction in Połaniec. The contractor for the project is Natipol Energy, part of the Olikol Group. Completion of all the work is scheduled for May 2026.

Office & mixed-use development

Poland Qair stays on in Stratos

schedule 29 January 2026
Opr./edited by AH

Qair Polska has extended its 500 sqm office lease in the Stratos Office Center in Warsaw for another three years.

Investment & finance

Poland LCP Poland acquires another MPark

schedule 29 January 2026
Opr./edited by AH

LCP Poland, part of M Core, has announced its second purchase this year of an MPark development project. After Zawiercie in Silesia, it's now the turn for Nasielsk in Masovia.

Office & mixed-use development

Rolls Royce comes to Kraków

schedule 29 January 2026
Opr./edited by AH

Aviation industry giant Rolls-Royce has leased over 2,100 sqm of office space in Kraków's Unity Tower for its new Global Capability Centre.

Warehouse & industrial

Poland MLP to extend MLP Business Park Poznań

schedule 29 January 2026
Opr./edited by AH

MLP Group is to build three more office and warehouse buildings with a total area of ​​around 14,000 sqm as part of the MLP Business Park Poznań complex.

Warehouse & industrial

Poland P3 to build in Gliwice

schedule 29 January 2026
Opr./edited by AH

P3 Logistic Parks has acquired a 19.2 ha site in Gliwice to build P3 Gliwice Logistics Park with a total area of nearly 100,000 sqm gla.

Interior design

Poland New food hall in Poznań

schedule 28 January 2026
Opr./edited by AH

The Wiedeńska Town House in the centre of Poznań, which dates back to the early 20th century, has been renovated and converted into a food hall with interiors by Biuro Kreacja and M19 Architekci.

Office & mixed-use development

Poland EY GDS comes to Katowice

schedule 28 January 2026
Opr./edited by AH

EY GDS, a provider of advisory and audit services, has launched an EY Global Delivery Services centre in Katowice, its third in Poland.

Investment & finance

Romania Skanska sells Equilibrium 2

schedule 28 January 2026
Opr./edited by AH

Skanska has sold the second building of the Equilibrium office complex in Bucharest to Magyar Posta Takarék Real Estate Investment Fund (MPTIA), a public real estate fund managed by Gránit Asset Management. The fund now owns both Equilibrium 1 and Equilibrium 2

Investment & finance

Poland Real Estate market remains stable

schedule 28 January 2026
Opr./edited by AH

According to Avison Young, total transaction volumes on the Polish real estate market in 2025 came in below the level seen in 2024. Market liquidity held up well, though, and the number of completed deals was broadly in line with the previous year.

Office & mixed-use development

Poland Sygnity changes offices in West Forum

schedule 28 January 2026
Opr./edited by AH

At the end of January 2026, Sygnity is to take up new offices in Wrocław's West Forum. The tenant has been present in the complex for almost 20 years.

Office & mixed-use development

Poland CTP moves into Varso Tower

schedule 28 January 2026
Opr./edited by AH

CTP Polska has moved into Varso Tower. Located on the 45th floor of the EU's tallest building, the office comprises over 1,100 sqm.

Warehouse & industrial

Poland NRF grows with Panattoni

schedule 28 January 2026
Opr./edited by AH

Automotive parts producer NRF Group has expanded its warehouse and office footprint at Panattoni Park Gdańsk West II by 7,000 sqm to a total of 52,000 sqm.

Office & mixed-use development

Poland Huge tenant activity in Q4 2025

schedule 28 January 2026
Opr./edited by AH

Record-high demand, coupled with limited new supply, led to a further decline in vacancy rates in the Warsaw office market, with rents stabilising, according to the latest figures for 2025 from Knight Frank.

Warehouse & industrial

Czech Republic Warehouse market now stable

schedule 27 January 2026
Opr./edited by AH

Modern industrial stock in the Czech Republic reached 13.28 mln sqm according to figures from the Industrial Research Forum.

Warehouse & industrial

Poland Harden completes Panattoni Park Poznań XIV

schedule 27 January 2026
Opr./edited by AH

Harden Construction has completed the construction of the Panattoni Park Poznań XIV complex in Głuchów near Poznań. The development includes two modern warehouses totalling over 22,000 sqm.

ESG

Poland GTC signs power purchase agreement

schedule 27 January 2026
Opr./edited by AH

GTC has signed a three-year power purchase agreement (PPA) with Ekovoltis, due to which all of the company's office buildings and shopping centres in Poland are to be powered by electricity, mostly sourced directly from renewable energy suppliers, including solar and wind farms.

Investment & finance

Poland BNP Paribas backs Panattoni in Szczecin

schedule 27 January 2026
Opr./edited by AH

Panattoni has secured EUR 42 mln in financing from BNP Paribas Bank Polska for the construction of two warehouses within the Panattoni Park Szczecin Trzebusz II complex.

Warehouse & industrial

Poland Hart signs up with MDC2

schedule 27 January 2026
Opr./edited by AH

Hart Logistics has signed a lease for 8,100 sqm in MDC2 Park Gliwice. 

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.

Read flipbook version

Edition 12 (304) December 2025

Latest comments

Categories

Your order
Your data
Number of access accounts
Each account provides independent access on one device. You will be able to create additional access accounts in the account settings.
Invoicing data
Order summary
Net price
Access accounts #
Net order
VAT (%)
Gross order
Payment security is ensured

Don`t miss out the current edition