Retail & leisure
Romanians spent EUR 36 bln in large retail chains, an amount 11 pct higher compared with 2022, out of which the FMCG spending accounted for EUR 22.5 bln (more than 60 pct share), according to the Romania Retail Snapshot 2024 performed by the Cushman & Wakefield Echinox, based on the financial results of 116 companies from 12 different retail segments.
Material partner
Colliers, in partnership with Illyrian Land Funds, is announcing an exclusive auction for a prime development land site in Istria, Croatia. This property, covering 1,603,903 sqm, is ideal for a mixed-use resort development near Vodnjan, a charming town in Istria, Croatia's top tourist region. The site is just a 15-minute drive from the seafront
Investment & finance
Two more retail parks, Pasaż Kępiński and Pasaż Grodziski, have passed into the hands of investment fund Falcon Investment Management. Earlier, the fund acquired Pasaż Golubsko-Dobrzyński in 2022. The total value of the transaction amounts to more than PLN 150 mln.
Warehouse & industrial
Panattoni has reached another milestone in the development of Wrocław South Logistics Hub. As a result of a new contract, one of its current tenants is to increase the size of its leased space by an additional 125,000 sqm.
Warehouse & industrial
Verne will use 28,500 sqm at VGP Park Zagreb to manufacture its urban autonomous vehicles. The first autonomous taxis produced here are expected to hit the streets of Zagreb in 2026.
Eurobuild FM
Welcome to the really hot episode of Eurobuild FM! Our editorial team visited the construction site of The Form, a unique office building, which is being built in the area of Rondo Daszyńskiego. Listen to the podcast straight from the construction site!
Residential
A new player, roomies platform, has announced its entry into the private student housing market in Poland. The new investor aims to build a portfolio of more than 2,000 units over the next five years.
Retail & leisure
Romanians spent EUR 63 mln in cinemas last year, an amount 25 pct higher compared with 2022, as ticket prices also recorded a 8.2 pct y-o-y increase, according to the data offered by the Romanian Film Center and analyzed by the Cushman & Wakefield Echinox.
Investment & finance
SCPI Transitions Europe managed by Arkéa Real Estate Investment Management has acquired Lastadia Office, a fully let office building located on an island by the western bank of the Oder River in Szczecin. The vendor was Greenstone Asset Management.
Warehouse & industrial
Poland remains the largest industrial and logistics market in the entire CEE-13, with modern stock amounting to more than 30 mln sqm, accounting for app. 45 pct of the region’s total - reveals Colliers recently published 'ExCEEding Borders: Navigating the Industrial Landscape and Workforce in CEE-13' report.
Warehouse & industrial
Panattoni has completed the construction of a new production and warehouse facility for Air Spiralo in Szamotuły, near Poznań. The 9,200 sqm investment will enhance the company's production and logistics capabilities.
Retail & leisure
CBRE Romania has announced its exclusive involvement in the leasing strategy of H Știrbei Palace, a historical monument located in the heart of Bucharest. After the completion of the renovation works, Știrbei Palace aims to become a landmark shopping gallery for luxury brands in South-Eastern Europe.
Retail & leisure
Mitiska REIM has announced the opening of a new retail park in Jastrzębie Zdrój, a city of 90,000 inhabitants in southern Poland. Developed in partnership with Karuzela Holding and owned in joint-venture with the FRI 2 fund, this latest opening is the third retail park development opened in Poland by Mitiska REIM and Karuzela Holding in the past nine months.
Eurobuild FM
In the latest episode of Eurobuild FM, we talk about the specifics of the Kraków housing market with Jarosław Szanajca and Marcin Rams, the respective CEOs of Dom Development and Dom Development Kraków.
Property and Facility Management
Karimpol Polska is expanding its cooperation with CBRE. Starting in June 2024, the consultancy will be acting as the exclusive letting agent of Skyliner II office project.
Hotels
Hotel Opatija, Curio Collection by Hilton celebrates its opening. The 54-room facility debuts as the first in Croatia and the brand’s 40th trading country.
Investment & finance
Panattoni has been granted EUR 16.5 mln in financing from Bank Gospodarstwa Krajowego for the development of its Panattoni Park Ruda Śląska IV project. Construction work was launched in March on 34,000 sqm of warehousing space.
Warehouse & industrial
Segro has leased 1,060 sqm in Segro Park Berlin Airport to Lyko Services. The Swedish cosmetics and online retailer intends to use the space for an initial period of 10 years.
Warehouse & industrial
The prospects for logistics and supply chain in Poland are improving. The sector's optimism index for 2024 stands at 52.2, the highest level in five years, according to the Confidence Index 2024 report by CBRE and P3.
Residential
Invest Komfort has announced the development of a new project in Gdańsk. Off Miasto is to be built on a plot of ca. 56,000 sqm, and the usable area of the flats will be almost 55,000 sqm. Construction of the first stage has already begun. The entire investment will take several years to complete.
Two more retail parks, Pasaż Kępiński and Pasaż Grodziski, have passed into the hands of investment fund Falcon Investment Management. Earlier, the fund acquired Pasaż Golubsko-Dobrzyński in 2022. The total value of the transaction amounts to more than PLN 150 mln.
SCPI Transitions Europe managed by Arkéa Real Estate Investment Management has acquired Lastadia Office, a fully let office building located on an island by the western bank of the Oder River in Szczecin. The vendor was Greenstone Asset Management.
Panattoni has been granted EUR 16.5 mln in financing from Bank Gospodarstwa Krajowego for the development of its Panattoni Park Ruda Śląska IV project. Construction work was launched in March on 34,000 sqm of warehousing space.
CTP has purchased an 85,000 sqm investment plot in the Wiskitki municipality near Warsaw. The purchase of the land will allow the company to expand the CTPark Warsaw West complex by an additional 36,000 sqm.
Resi Capital has acquired a plot of land at the junction of Grzybowska and Żelazna Streets in Warsaw. According to the preliminary concept presented, Liberty Residence is to be a high-rise project and will deliver around 500 flats.
Panattoni has been granted bank financing for Panattoni Park Zgierz. The EUR 23.3 mln loan was issued by PKO Bank Polski.
Immofinanz has finalised the sale of the three Empark office buildings in Warsaw's Mokotów district to Archicom for EUR 28.5 mln.
Skanska has sold the Nowy Rynek E office building for over EUR 79 mln. The buyer is Eastnine AB, a Swedish real estate company focused on office premises at selected markets in the Baltics and Poland.
Mitiska REIM has secured a EUR 40 million refinancing with mBank for a portfolio of four Polish food-anchored retail parks. Representing a combined GLA of nearly 34,000 sqm, the convenience centers are located in the cities of Września, Turek, Lubliniec and Wodzisław Śląski.
A retail park in Bielsko-Biała being developed on the site of a Tesco shop on ul. Warszawska, has a new owner. Redkom Development, responsible for the construction and commercialisation of the facility, has sold the project to Newgate Investment.
Despite the current weakening of investment activity in the CEE region, investment volumes in commercial real estate in the Czech Republic posted a 36 pct year-on-year increase in Q1 2024. Colliers informs that a total of EUR 545 million in capital was invested in the Czech Republic during this period.
Private equity fund Greenstone has acquired an almost 80 pct stake in a special purpose vehicle owning the Format office building in Gdansk in what is the first big-ticket office transaction in Poland’s regional cities since 2022.
S Immo has concluded contracts to sell a large portfolio consisting of 18 German commercial and one residential property with a total property transaction value of EUR 255 mln through separate share and asset deals.
The only hotel located in Croatian national park, on Mljet Island, has been put on sale. Hotel Odisej, a 3-star resort built in 1978 and renovated in 1996 and 2004, offers 155 rooms and two apartments.
TMS Inwestycje, a company controlled by Tobias Solorz, has acquired the 148-room Holiday Inn Resort Warszawa Józefów hotel from the Aquila Group. The transaction included both the property and the shares in Aquila Hotels, the company operating the hotel in Józefów.
CTP has acquired from Globalworth an industrial portfolio of 270,000 sqm GLA and 30 ha landbank in six key locations in Romania.
Alides Polska, a subsidiary of Belgian developer Alides, and Aya Properties Fund, have announced the joint acquisition of the Metron office building located in Warsaw from a Polish SPV held by Patrizia Frankfurt Kapitalverwaltungs.
CPI Property Group Poland has concluded a green refinancing transaction with Aareal Bank amounting to more than EUR 277 mln. The funds received will be used for the refinancing of three Warsaw office properties: Warsaw Financial Center, Equator IV and Eurocentrum.
Real estate investor and fund manager Cromwell Property Group has announced the sale of six retail centres across Poland, held by the Cromwell Polish Retail Fund to Star Capital Finance for EUR 285 mln.
Skanska has sold the Studio B office building in Warsaw to Stena Real Estate for EUR 86 mln. This is already third transaction between the two parties in Central and Eastern Europe.
In Winogrady district of Poznań, the construction of the Aura residential building, designed by Robert Konieczny's office KWK Promes, has begun. The f ...
In Berlin Hyp’s most recent Trendbarometer, more than 200 real estate professionals expressed their opinions on opportunities and risks in the real e ...
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
Panattoni BTS and Commercecon together support the establishment of the second Centaurus Foundation centre in Poland to help horses and other animals.
Shopee is ending its operations in Poland. The Asian e-commerce platform, which debuted in Poland in 2021, intends to focus on operations in other reg ...
Polish businessman, investor and philanthropist, Robert Dobrzycki, has set up a new charity. The mission of the Robert Dobrzycki Foundation is to help ...
Eurobuild Awards 2023 is behind us, but if you haven't yet gotten your hands on the special "Eurobuild" supplement prepared for the Gala evening, you ...
The final issue of the magazine before the summer holidays has just hit the shelves and the internet! On its pages you can read all about unconvention ...
Welcome to the really hot episode of Eurobuild FM! Our editorial team visited the construction site of The Form, a unique office building, which is be ...
This year's edition of the JLL Charity Beach Volleyball Tournament will take place on 1 August at the Monta Beach Volley Club in Warsaw. Funds raised ...
After a long break, we invite you to hot episode of the "Eye to eye" podcast! Today we talk with Władysław Grochowski, the head and founder of Arche.
The UN Nansen Refugee Award award will go to Poland for the first time. According to the office of the UNHCR High Commissioner this year's regional wi ...
Czech developer CTP has been granted a EUR 200 mln loan from the European Investment Bank for the roll-out of its large-scale solar panel installation ...
Hotel Opatija, Curio Collection by Hilton celebrates its opening. The 54-room facility debuts as the first in Croatia and the brand’s 40th trading cou ...
Kamil Kowa has become the new CEO of Savills in Poland. He is a member of the management board of the company, and for the past nine years has held th ...
The investment programme until 2030 worth more than PLN 1.5 bln has been approved for Katowice's Wojciech Korfanty Airport. The programme will include ...
Designers from Colliers, under the supervision of architect Kateřina Štenclova, prepared the concept for the Mercedes-Benz headquarters in Prague. The ...
Two more retail parks, Pasaż Kępiński and Pasaż Grodziski, have passed into the hands of investment fund Falcon Investment Management. Earlier, the fu ...
CTP has expanded its Polish land bank by nearly half a million sqm. The company has purchased investment land in four locations that provide the oppor ...
Colliers, in partnership with Illyrian Land Funds, is announcing an exclusive auction for a prime development land site in Istria, Croatia. This prope ...
IT and outsourcing supplier Natek has opened a new 600 sqm office in the Infinity building in Wrocław.
Karimpol Polska is expanding its cooperation with CBRE. Starting in June 2024, the consultancy will be acting as the exclusive letting agent of Skylin ...
Echo Investment and its subsidiary Archicom have started the construction of a primary school for 450 pupils on ul. Konstruktorska in the Służewiec su ...
A new player, roomies platform, has announced its entry into the private student housing market in Poland. The new investor aims to build a portfolio ...
Romanians spent EUR 36 bln in large retail chains, an amount 11 pct higher compared with 2022, out of which the FMCG spending accounted for EUR 22.5 b ...
The Symbiosy smart building platform developed in-house by Slovakian developer HB Reavis has been acquired by Massachusetts-based real estate experien ...
Panattoni has reached another milestone in the development of Wrocław South Logistics Hub. As a result of a new contract, one of its current tenants i ...
Will cheaper money in the eurozone stimulate the transaction market?
Will cheaper money in the eurozone stimulate the transaction market?
Walter Herz
Polish real estate market is witnessing the first major investment transactions. The second half of the year will show whether a potential further interest rate cut in the eurozone ...
Is the Polish commercial property market still attractive for German investors?
Is the Polish commercial property market still attractive for German investors?
Szymon Mojzesowicz, CEO Lege Advisors
Despite the difficult situation on the European market due to many unexpected events, Germany is still one of the largest foreign investors in Poland. In recent decades, German com ...
An open door to redefining the commercial real estate market in Poland
An open door to redefining the commercial real estate market in Poland
Walter Herz
The investment slowdown in the commercial real estate sector that we have been observing in Poland for over a year is primarily the result of the tightening of monetary policy arou ...