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.

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Warehouse & industrial

Poland Bel Pol enters Panattoni Park Warsaw North III

schedule 01 April 2026
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Flooring and doors retailer Bel-Pol has signed a lease for 5,600 sqm in Panattoni Park Warsaw North III.

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schedule 30 March 2026
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Human resources

Europe Leadership change at Nepi Rockcastle

schedule 01 April 2026
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Marek Noetzel has been appointed CEO of NEPI Rockcastle and announced a new management team, based entirely on internal promotions.

Infrastructure

Poland Budimex to build for CPK

schedule 01 April 2026
Opr./edited by AH

Budimex has won the tender to construct the deep foundations for the CPK passenger terminal as part of the Port Polska project. Six constructors entered the tender, but Budimex submitted the lowest bid of PLN 146 million gross.

Retail & leisure

Poland New food court for Plejada

schedule 01 April 2026
Opr./edited by AH

A new food court has opened at the Plejada Shopping Centre in Sosnowiec, designed as a comfortable space with around 270 with dining tables and high bar tables.

Residential

Poland PRS growing rapidly

schedule 01 April 2026
Opr./edited by AH

PRS in Poland is expanding rapidly. In 2025, 5,821 units were introduced to the market, a record number, according to CBRE's '2026 Poland Real Estate Market Outlook' report. This year looks set to be a similar number.

Retail & leisure

Poland Polish retail still booming

schedule 01 April 2026
Opr./edited by AH

Over the next three years, retail sales in Poland will grow at nearly 3 pct annually. The supply of retail space is growing, especially in retail parks in small towns, attracting interest from both developers and investment funds, according to the "Retail Insights" report prepared by JLL.

Office & mixed-use development

Poland Lorenz moves to Nowy Rynek

schedule 01 April 2026
Opr./edited by AH

Lorenz, a manufacturer of salty snacks, has moved to a new 2,500 sqm office in Poznań's Nowy Rynek complex.

ESG

Poland Segro continues to certify

schedule 01 April 2026
Opr./edited by AH

Warehouse developer Segro is continuing to certify the parks in its portfolio under BREEAM In-Use. In Q1 2026, eight buildings in its parks in Łódź, Gliwice, Stryków, and Wrocław, as well as its park in  Żerań Warsaw, were certified.

Office & mixed-use development

Poland Savills appointed to Sobański

schedule 31 March 2026
Opr./edited by AH

Savills has been appointed the exclusive leasing agent for the commercialisation of Sobański Palace, a prestigious heritage property in Warsaw.

Residential

Poland PRS continues to grow

schedule 31 March 2026
Opr./edited by AH

The institutional private rented sector (PRS) is becoming an increasingly important part of the residential market, recording supply growth and attracting both domestic and international capital. These are the key conclusions of the BNP Paribas Real Estate Poland report 'Institutional Private Rented Sector (PRS)' for H2 2025.

Residential

Romania Bucharest leads the way in home sales

schedule 31 March 2026
Opr./edited by AH

Bucharest ranks first among the cities with the highest number of residential transactions in the first two months of 2026, while Brașov takes the top spot among the leading ten regional markets, according to an analysis based on ANCPI data by Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate.

Retail & leisure

Romania More luxury from Bucharest

schedule 31 March 2026
Opr./edited by AH

Europe’s luxury retail market is going through a period of recalibration, marked by moderate sales growth but continued strong interest from brands in expanding their brick-and-mortar stores. Bucharest is emerging as a key luxury retail destination in Central and Eastern Europe, supported by rising purchasing power, growing tourism - with over one million foreign visitors spending at least one night in the city in 2025 - and the consolidation of prime high street and premium retail locations, according to an analysis by Cushman & Wakefield Echinox.

Warehouse & industrial

Germany Cancom leases from Garbe

schedule 31 March 2026
Opr./edited by AH

Garbe Industrial has leased a total area of around 4,800 sqm in Norderstedt, just outside Hamburg, to IT service provider Cancom, which is to use the space for the storage and servicing of IT equipment. Cancom is to start operations from Norderstedt in the third quarter of 2026.

Investment & finance

Poland 7R places PLN 52 mln bond issue

schedule 31 March 2026
Opr./edited by AH

7R has issued series D bonds with an aggregate nominal value of PLN 52 mln. The bonds will mature in three years and carry an interest rate of 4.25 pct plus the WIBOR GM. T7R has issued series D bonds with an aggregate nominal value of PLN 52 mln. The bonds will mature in three years and carry an interest rate of 4.25 pct plus the WIBOR GM. The bonds were placed with institutional investors and selected high-net-worth individual investors.

Office & mixed-use development

Poland Nowy Styl stays for longer

schedule 31 March 2026
Opr./edited by AH

Furniture manufacturer Nowy Styl has renewed its lease in the Oxygen Park office complex in Warsaw. As part of the transaction, the company’s showroom underwent a complete refurbishment in February this year. The tenant occupies around 550 sqm in the centre.

Investment & finance

Poland Czechs snap up Royal Wilanów

schedule 31 March 2026
Opr./edited by AH

Capital Park Group has sold the Royal Wilanów complex in Warsaw to Czech real estate fund WOOD & Company for more than EUR 100 mln. The building comprises 37,000 sqm of leasable space and is fully commercialised.

Investment & finance

Poland Accolade and Conseq buy into Kaufland centre

schedule 30 March 2026
Opr./edited by AH

Accolade and Conseq have finalised the purchase of a modern BTS distribution centre fully-leased to the Kaufland grocery chain. The purchase was supported by mBank with an acquisition loan of EUR 22 mln.

Office & mixed-use development

Poland ISS appointed to Studio A

schedule 30 March 2026
Opr./edited by AH

ISS has been selected to deliver technical services for the Studio A office building in Warsaw. The ISS team will be responsible for technical maintenance and ensuring the efficient operation of all systems and installations.

Events

Poland Geopolitics meets capital and energy

schedule 30 March 2026
Opr./edited by AH

ULI Poland is to hold the 'Matrix of Real Estate' conference from April 15th -16th at the Norblin Factory in Warsaw to discuss the impact of geopolitics, energy transition, and technology on long-term asset value.

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 3 (306) March 2026

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