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

Office & mixed-use development

Poland Omodo Auto takes on more space

schedule 22 January 2026
Opr./edited by AH

Omoda Auto Poland has expanded its lease in the Adgar Park West in Warsaw to 1,200 sqm. The company has a Flexi Lease contract. The company has been a tenant in the centre for just over a year, having previously occupied 800 sqm.

Investment & finance

Poland V Tower refinanced

schedule 22 January 2026
Opr./edited by AH

P. Capital Partners has signed a refinancing deal for V-Tower, a 22-storey office building in central Warsaw that has been renovated and is now being commercialised.

Retail & leisure

Poland TK Maxx stays in Renoma

schedule 22 January 2026
Opr./edited by AH

TJX Poland has extended its lease at the Renoma shopping centre in Wrocław for another five years. The two-storey TK Maxx store occupies over 3,000 sqm.

Investment & finance

Czech Republic Retail sector still to grow more

schedule 22 January 2026
Opr./edited by AH

Arcona Capital, which manages real estate assets in Central and Eastern Europe worth EUR 400 mln, has published a forecast indicating strong support – both regional and international – for the Czech retail real estate market in the coming year.

Office & mixed-use development

Poland Work begins on AFI Tower

schedule 22 January 2026
Opr./edited by AH

Construction of AFI Tower, designed by JEMS Architekci and the tallest building in the Towarowa22 complex, has begun in Warsaw's Wola district.

Office & mixed-use development

Poland No new office space in Q4

schedule 22 January 2026
Opr./edited by AH

The Polish Chamber of Commercial Real Estate (PINK) has published figures on the office market in Warsaw for Q4 2025.  As of the end of December 2025, total modern office stock in Warsaw came to around 6.2 mln sqm.

Investment & finance

Romania Terranova Logistic Park changes hands

schedule 22 January 2026
Opr./edited by AH

Cushman & Wakefield Echinox has announced the completion of the sale of Terranova Logistic Park, on Șoseaua București -Târgoviște in the northern part of Bucharest, at the intersection with the city’s ring road.

Investment & finance

Poland Alfa Centrum to be replaced

schedule 22 January 2026
Opr./edited by AH

Alfa Centrum on ul. Kołobrzeska in Gdańsk has changed hands, purchased by Euro Styl, a subsidiary of the Dom Development Group. A mixed-use development with apartments will be built on the site of the shopping centre, which has been open since 2002.

Office & mixed-use development

Poland No space left in Warsaw

schedule 21 January 2026
Opr./edited by AH

According to JLL , searching for an office in Warsaw in the current market is no easy task. Companies looking to lease over 1,000 sqm have a rather limited selection.

Investment & finance

Poland A year of stability

schedule 21 January 2026
Opr./edited by AH

The Polish commercial property market has begun to stabilise. Although total transaction volume fell by 12.9 pct year-on-year, the sector’s fundamentals have noticeably strengthened, according to Savills.

Warehouse & industrial

Poland Panattoni Park Szczecin V grows

schedule 21 January 2026
Opr./edited by AH

Panattoni is developing nearly 14,000 sqm in the second stage of Panattoni Park Szczecin V. The developer has signed a lease agreement for nearly 4,300 sqm with an international logistics firm.

Interior design

Poland New look for Eurocentrum lobby

schedule 21 January 2026
Opr./edited by AH

CPI Property Group has completed the modernisation of the lobby of the Eurocentrum-Alfa building, part of Warsaw's Eurocentrum Office Complex on Al. Jerozolimskie.

Warehouse & industrial

Czech Republic More drugs in CTPark Bor

schedule 21 January 2026
Opr./edited by AH

Dm-Pharmahandel is opening a specialised logistics centre for the distribution of over-the-counter pharmaceuticals at CTPark Bor, strengthening cross-border supply chains between the Czech Republic and Germany.

Warehouse & industrial

Poland Nordspace business park fully leased

schedule 21 January 2026
Opr./edited by AH

The Nordspace business park in Jawczyce near Warsaw is now fully leased. All of the SBU units have tenants with over half of the space leased before the project's official opening.

Residential

Poland Student Depot expands in Gdańsk

schedule 21 January 2026
Opr./edited by AH

Pexabex is to build a new student residence hall in Gdańsk for the Student Depot chain. The eight-storey building will be constructed from prefabricated sections and will provide accommodation for over 500 people.

Office & mixed-use development

Poland Miennica Towers fully leased

schedule 21 January 2026
Opr./edited by AH

The Mennica Towers office complex in Warsaw is now fully leased. Colliers brokered the lease of the last available 4,000 sqm.

Investment & finance

Romania Local investors dominate in Romania

schedule 20 January 2026
Opr./edited by AH

In 2025, the total investment volume in commercial properties in Romania reached EUR 579.4 mln, according to a study conducted by Fortim Trusted Advisors, an alliance member of the BNP Paribas Real Estate.

Warehouse & industrial

Poland Panattoni Park Warsaw West IV completed

schedule 20 January 2026
Opr./edited by AH

Harden Construction has completed the construction of Panattoni Park Warsaw West IV in Kaźmierowo near Sochaczew. Glass manufacturer Pilkington Automotive Poland is the first tenant.

Office & mixed-use development

Poland Théa enters Lixa

schedule 20 January 2026
Opr./edited by AH

Laboratoires Théa, a company from the ophthalmology industry, has leased 1,000 sqm on the first floor of the Lixa C office building in Warsaw. The building is owned by Yareal Polska.

Office & mixed-use development

Poland Little space to find in Warsaw

schedule 20 January 2026
Opr./edited by AH

The Warsaw office market is entering a phase of significant space shortage, particularly in central locations. By the end of 2025, the vacancy rate had fallen to 9.1 pct, and in the city centre, only about 5-6 pct of space remains available, according to the latest data from CBRE.

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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