PL

Browary Warszawskie edges toward completion

Office & mixed-use development
POLAND The construction work has been completed on the 16,000 sqm Villa Offices (Biura przy Willi) – at 55m, the tallest commercial building of Echo Investment’s Browary Warszawskie development in Warsaw.
An occupancy permit has been issued for the 14-storey building, ten floors of which will house a WeWork coworking centre. The office building, which was designed by Jems Architekci, forms the latest completed part of the complex – a redevelopment of the former Haberbusch i Schiele brewery, which combines residential, office and shopping and entertainment buildings. Advanced finishing work is also being carried out on Apartamenty przy Bramie (Gatehouse Apartments), Apartamenty przy Warzeln
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Latest news

Office & mixed-use development

Poland The Form ready to welcome tenants

schedule 12 December 2024
Opr./edited by ANZ

The Form office building, an investment developed by Lincoln Property Company in Warsaw's Wola district, has obtained a permit for use. The building located at the intersection of ul. Pańska and ul. Miedziana, offers over 30,900 sqm of space on nine storeys, including over 28,300 sqm of office space and 2,600 sqm of service and retail space on the ground floor.

Material partner

Poland Galant Ząbkowska Apartments with FusionLive

schedule 02 December 2024
Eurobuild CEE

Peninsula Property is an investor and development company that builds high-quality, thoughtfully designed apartment buildings, boutique residences and hotels to ensure the best possible experience for future residents and tenants. It stands out for its innovative designs and concepts in the Polish market.

Investment & finance

Poland Summus has bought Lakeside

schedule 12 December 2024
Opr./edited by JC

Summus Capital has strengthened its presence in Poland with the acquisition of the Lakeside office building in Warsaw. The transaction, valued at EUR 61.9 mln, was conducted in collaboration with Atenor.

Retail & leisure

Poland Trei opens its 40th retail park

schedule 12 December 2024
Opr./edited by ANZ

Trei Real Estate Poland has opened its 40th Vendo Park. The investment was created in Wrocław and has 5,000 sqm. Vendo Park Wrocław is the first facility under this banner in the capital of Lower Silesia. The retail park was built on a plot of approx. 15,000 sqm.

Investment & finance

Poland Big sale in Wrocław

schedule 12 December 2024
Opr./edited by JC

Develia has concluded a final sales agreement for a real estate property in Wrocław with a subsidiary of AFI Europe, an international investor in office, retail, and residential projects. The transaction value amounts to PLN 50.5 mln.

Office & mixed-use development

Poland The Shire launches new project in Warsaw

schedule 12 December 2024
Opr./edited by ANZ

The Shire Beyond Coworking, an operator of flexible spaces, is launching a new project on the Warsaw office market. The luxurious tenement at ul. Poznańska 37, will house fully equipped, self-contained serviced modules.

Warehouse & industrial

Germany MLP invests in the Ruhr Area

schedule 12 December 2024
Opr./edited by ANZ

MLP Group will develop its third business centre in the Ruhr region in Castrop-Rauxel. The project, which is being built on a brownfield site, will provide approx. 57,000 sqm of space, which will be certified to a DGNB standard of at least Gold. 

Investment & finance

Poland Skanska sells P180 offices for €100m

schedule 12 December 2024
Opr./edited by ANZ

Skanska has sold its P180 office development in Warsaw's Mokotów district to Investika Real Estate Fund and its joint-venture partner, Bud Holdings, for around EUR 100 mln.

Investment & finance

Poland Big Poland acquires two retail properties

schedule 12 December 2024
Opr./edited by ANZ

Big Poland has bought two retail facilities Park Kujawia in Włocławek and Atut in Myszków. The combined value of both transactions exceeds EUR 56 mln. The Big brand already has seven retail parks in Poland: in Łubna near Warsaw, Lubin, Andrychów, Gorzów Wielkopolski and Ostróda. Together with three development projects in progress, Big Poland's portfolio now includes 10 locations.

Warehouse & industrial

Poland Barth Italiana enters Łódź

schedule 11 December 2024
Opr./edited by ANZ

Panattoni Park Łódź West III is gaining a new tenant from the 3PL sector. The Italian company Barth Italiana will occupy over 5,500 sqm of space in the complex.

Hotels

Poland Spark by Hilton debuts in Poland

schedule 11 December 2024
Opr./edited by ANZ

The Spark by Hilton brand is entering the Polish market with two new hotels. Spark by Hilton Pobierowo and Spark by Hilton Krynica Morska will open within the next six months.

Residential

Czech Republic European PBSA sector could grow by 70 pct over the next 5 years

schedule 11 December 2024
Opr./edited by ANZ

According to the 2024 European Purpose-Built Student Accommodation Investment Barometer, conducted by The Class Foundation and Savills, involving investors and operators with portfolios totalling over 132,000 beds across Europe, with an asset value of circa EUR 25.3 bln, respondents expect to increase the number of beds they have by 70 pct over the next 2-5 years. This would bring the total to over 220,000 beds, deploying a further EUR 22 bln of capital. 

Office & mixed-use development

Poland Not just offices in an office building

schedule 11 December 2024
Opr./edited by ANZ

The BursztyNova restaurant has opened on the ground floor of the boutique Saski Crescent office building, recently modernised and owned by CA Immo. The restaurant took up an area of over 400 sqm. 

Office & mixed-use development

Czech Republic New office construction accompanied by complications

schedule 11 December 2024
Opr./edited by ANZ

According to a survey by Colliers, only one new office building was completed in Prague in Q3 2024. Vacancies increased slightly year-on-year to 8.1 pct and rents in the city centre reached approx. EUR 29 per sqm per month. Efforts to upgrade some older properties continue, either on an ongoing basis or by temporarily taking them off the market.

Warehouse & industrial

Poland Panattoni Park Sochaczew has the first tenant

schedule 11 December 2024
Opr./edited by JC

Panattoni is to build a new industrial park in the Mazovia region. The development of Panattoni Park Sochaczew with an area of almost 28,000 sqm will commence in the Q1 of 2025 with the first tenant – Pilkington Automotive Poland – to move in by November.

ESG

Poland Excellent Point in Łubna

schedule 10 December 2024
Opr./edited by JC

Two buildings completed as part of the first phase of Good Point V, an investment by Real Management, have received the final BREEAM International New Construction V6 certificate at the Excellent level.

Warehouse & industrial

Poland MLP has plans for Podkarpacie

schedule 10 December 2024
Opr./edited by JC

MLP Group is planning a new logistics and industrial center in Rzeszów. The facility is set to provide over 52,000 sqm of warehouse and office space.

Warehouse & industrial

Poland P3 will build for SUUS

schedule 10 December 2024
Opr./edited by JC

P3 Logistic Parks has constructed a facility in P3 Warsaw I Park for Rohlig SUUS Logistics. The company occupies almost 50,000 sqm there, including their office space of about 300 sqm.

Investment & finance

ROMANIA Praktiker RE buys Bucharest building for €8m

schedule 09 December 2024
Opr./edited by NN

Praktiker Real Estate has acquired the Muntenia Business Center in central Bucharest for around EUR 8 mln

Investment & finance

Poland Invesco takes over Gdańsk hotel

schedule 09 December 2024
Opr./edited by JC

Invesco Real Estate has announced the acquisition of the Cloud One Gdańsk hotel in Poland on behalf of its German client. The seller, Granaria Development Gdańsk, is a joint venture between Immobel and Multibud.

Latest in Office & mixed-use development

schedule 12 December 2024

The Form ready to welcome tenants

The Form office building, an investment developed by Lincoln Property Company in Warsaw's Wola district, has obtained a permit for use. The building located at the intersection of ul. Pańska and ul. Miedziana, offers over 30,900 sqm of space on nine storeys, including over 28,300 sqm of office space and 2,600 sqm of service and retail space on the ground floor.

schedule 12 December 2024

The Shire launches new project in Warsaw

The Shire Beyond Coworking, an operator of flexible spaces, is launching a new project on the Warsaw office market. The luxurious tenement at ul. Poznańska 37, will house fully equipped, self-contained serviced modules.

schedule 11 December 2024

Not just offices in an office building

The BursztyNova restaurant has opened on the ground floor of the boutique Saski Crescent office building, recently modernised and owned by CA Immo. The restaurant took up an area of over 400 sqm. 

schedule 11 December 2024

New office construction accompanied by complications

According to a survey by Colliers, only one new office building was completed in Prague in Q3 2024. Vacancies increased slightly year-on-year to 8.1 pct and rents in the city centre reached approx. EUR 29 per sqm per month. Efforts to upgrade some older properties continue, either on an ongoing basis or by temporarily taking them off the market.

schedule 09 December 2024

OLX is staying in America House

America House in Bucarest has extended its lease agreement with OLX and an increase in office space of 43 pct, reaching a total area of 1,663 sqm.

schedule 05 December 2024

One of the youngest office stocks in Europe

According to data from the Cushman & Wakefield Echinox, the Bucharest office stock ranks among the youngest across Europe and the CEE region. This provides a significant advantage for landlords in attracting and retaining tenants, as the city’s office spaces are less likely to face obsolescence over the next 5-6 years. 

schedule 03 December 2024

Nivea opens first office in Warsaw

Nivea Polska/Beiersdorf will open its first office in Warsaw, leasing nearly 400 sqm on the 37th floor of the HB Reavis-owned Varso Tower. The contract has been signed for five years and the office will begin operations in May 2025. The new headquarters will act as a satellite office and will also be a representative meeting space for the entire Eastern European region.

schedule 02 December 2024

Infor extends lease at Globalworth’s Retro Office House

Infor, a company offering cloud-based business software solutions, has renewed its lease at Globalworth's Retro Office House in Wrocław.

schedule 27 November 2024

Transporeon stays at Porto

Transporeon, an international logistics company, has extended its lease agreement at Porto Office A building in Kraków, where it occupies over 1,900 sqm.

schedule 25 November 2024

New centre of Gdynia

Vastint has completed the II stage of the Gdynia Waterfront development. A modern multifunctional complex is being built in the heart of the city, next to Skwer Kościuszki. Ultimately, the scheme will offer 75,500 sqm of space.

schedule 21 November 2024

MCP moves into Korona Office Complex

The Małopolska Centre of Entrepreneurship will move into the GTC Newton building, which is part of the Korona Office Complex. The institution will occupy an area of over 3,000 sqm.

schedule 12 November 2024

Third quarter holds steady

Cushman & Wakefield has summarised the Q3 of 2024 on the largest office markets in Poland. Office take-up in key regional cities remained on par with the figures recorded in the same period in 2023, signifying stability on the office rental market.

schedule 06 November 2024

Furniture retailers choose office buildings

Insignis concept store, a furniture retailer, has rented space on the ground floor of The Bucharest Business Park. Three other companies that sell furniture have recently rented sales spaces in office buildings in the northern area of Bucharest, the total area exceeding 10,000 sqm.

schedule 05 November 2024

Warsaw office market back in the game

According to a report 'Office Market in Warsaw in Q1-Q3 2024', published by Axi Immo, developer activity in the Warsaw office space market is progressively increasing. More than 70,000 sqm finished by the end of September 2024 and around 280,000 sqm under construction in the coming years, demonstrate that investors and developers are moving the industry forward.

schedule 04 November 2024

The Shire expands in Kraków

GTC, in collaboration with The Shire Beyond Coworking, is opening a new coworking space in Kraków's Korona Office Complex.

schedule 04 November 2024

Newly modernised Alfa attracts tenants

Strabag PFS has moved into the Eurocentrum Alfa office building in Warsaw, owned by CPI Property Group Poland. The lease agreement is for over 1,000 sqm.

schedule 04 November 2024

Office pre-leases make a comeback in Warsaw

According to “Office Occupier – Warsaw Office Market, Q1-Q3 2024”, a report published by Newmark Polska, in the Q3 of 2024, both leasing and development activity on the Warsaw office market remained largely consistent with the levels recorded in the previous quarter.

schedule 31 October 2024

Largest Łódź office deal

A pharmaceutical company has leased 6,000 sqm in the GTC-owned Sterlinga Business Center office building in Łódź. This is the largest office deal in Łódź in 2024.

schedule 30 October 2024

Warsaw office market stable

Cushman & Wakefield has summarised the situation on the Warsaw office market for Q3 2024. Office take-up, both in leasing volumes and transaction numbers, was comparable to that recorded in the same period in 2023. Meanwhile, muted development activity, falling vacancy rates and shrinking land availability are likely to encourage investors to launch redevelopment projects.

schedule 30 October 2024

BGK stays in Varso

Bank Gospodarstwa Krajowego has decided to extend its lease agreement for 13,600 sqm of office space in Varso Place. The company occupies five floors of the building.

Edition 11 (293) November 2024

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