Investment & finance
By the end of the year, the Polish economy is expected to have contracted by 3-3.5 pct compared to 2019. Nevertheless, Poland’s GDP is expected to start growing again in 2021 and expand by around 4 pct in 2021, according to Cushman & Wakefield.
Investment & finance
Cordia has applied to buy all the outstanding shares in Polnord in a public tender.
Green projects
Flex Office centre Hotspot Workhub has been certified as BREEAM 'Excellent' for its sustainable fit-out. The centre takes up 2,000 sqm in the Mark office building in the centre of Bucharest.
Property and Facility Management
Cushman & Wakefield has been appointed as the leasing agent for Eco City Katowice – an energy-efficient office complex under construction in the city.
Warehouse & industrial
Panattoni is to develop City Logistics Poznań I – a last-mile urban warehousing park in north-eastern Poznań. The developer has also revealed the identity of the first tenant: Polish muesli, porridge and similar health food producer OneDayMore.
Office & mixed-use development
British pharmaceuticals manufacturer AstraZeneca has renewed its lease of 1,280 sqm of office space in Bucharest Business Park for another five years.
Property and Facility Management
The Big office building constructed by Budimex at ul. Zielińskiego 3 in Kraków for developer Ghelamco is to be managed by Colliers International.
Investment & finance
Echo Investment has bought properties from the Tesco group in Poznań, Łódź and Kraków and is planning to use the sites for open city quarter placemaking projects with a total of 240,000 sqm of residential, office and retail space.
Technology
The Norblin Factory complex in Warsaw being developed by Capital Park Group through the renovation and conversion of a former metal plating plant is to have an automated bicycle storage centre created by MA-Sistemas, a Spanish company active in Switzerland, Singapore and Israel.
Office & mixed-use development
Telecommunications company Nokia has renewed its lease with Globalworth in the West Gate and West Link buildings in Wrocław. With a total area under lease of almost 30,000 sqm, this is the largest regional office contract signed this year.
Warehouse & industrial
Swiss technology company Flisom has moved into the first building of VGP Park Kecskemét, around 80 km southeast of Budapest.
Office & mixed-use development
Payair Poland, the Polish branch of the Swedish-based fintech company, has officially moved its 400 sqm office in Stara Drukarnia in Łódź.
Investment & finance
Skanska has sold the second building of the Spark office complex in Warsaw to Swedish company Stena Fastigheter for EUR 70 mln.
Retail & leisure
With every fifth store standing vacant, street retail has not become established in Riga, according to a study by Colliers International.
Warehouse & industrial
For the first three quarters of 2020, the company made a consolidated net profit of PLN 149.3 mln, up 53 pct y-o-y. In the third quarter alone, net profit came to PLN 28.2 mln, which compares to PLN 40.6m in the third quarter of 2019.
Office & mixed-use development
Work has begun on the renovation of the Widzewska Manufaktura cotton mill complex at al. Piłsudskiego 135 in the Widzew district of Łódź.
Warehouse & industrial
Terg, the owner of the Media Expert electronics store chain, has leased 26,100 sqm of office and warehouse space in the Logicor Stryków park just north of Łódź.
Hotels
Ott Ventures, the private equity arm and fund management platform run by Orco Property Group and MaMaison Hotels & Residences founder Ott Properties, has announced the launch of its first hotel fund – Velvet.
Office & mixed-use development
Krakow-based IT startup Codewise has renewed its lease for 2,200 sqm of the space it occupies in the Browar Lubicz mixed-use complex in the city.
Office & mixed-use development
Cushman & Wakefield has been appointed as the leasing agent for the office space in the Morski Park Handlowy complex in Gdańsk.
With every fifth store standing vacant, street retail has not become established in Riga, according to a study by Colliers International.
The HopStop convenience retail park in Siedlce has been sold by Polish developer Katharsis Development to UK investor LCP Properties for an undisclosed sum.
The third phase of Fashion House Outlet Centre Militari on Bucharest’s western outskirts has opened.
Galerijа Belgrade, which according to the investor behind the project, Eagle Hills, is the largest shopping and entertainment centre in the region, opened its doors for the first time on Saturday.
The volume of internet sales in Poland has now almost returned to pre-pandemic levels, while at the same time Polish consumers have become more willing to shop in convenience centres in smaller retail formats, according to JLL.
The retail park segment in Poland has continued to grow despite the Covid-19 pandemic, according to the latest findings published jointly by JLL and Trei.
Inditex has signed leases for all its brands to open stores in Etele Plaza in Budapest.
Trei Real Estate is soon to open its 19th retail park under the Vendo Park brand in Poland.
Globalworth has been granted a permit to renovate and rebuild the Renoma Department Store in Wrocław.
Self-service fitness club chain Gym! – a subsidiary of the MyFitness group – is to open its first gym outside Estonia in October.
Thirty-four tenants have renewed their leases in Plejada Sosnowiec in Silesia, amounting to 9,000 sqm of the shopping centre’s total area.
Lidl is to open a 2,017 sqm store in the Homepark Targówek retail park in Warsaw's Targówek district.
Galeria Andrychów in southern Poland – the second joint ‘power centre’ project by Acteeum and Equilis – is already 85 pct leased prior to its scheduled opening in H2 2021.
Retail parks have been the biggest beneficiaries of the structural changes to the Polish retail market over the last decade and will continue to take a larger share of the market during and beyond the pandemic, according to research by consultancy JLL and retail park developer Trei Real Estate Poland.
Carpet and flooring retailer Arte and bedroom furnishings store Pan Materac have leased a combined area of more than 1,200 sqm in Morski Park Handlowy in Gdańsk.
Electronic and household goods retailer RTV Euro AGD is the latest brand to appear in the expanding Morski Park Handlowy retail park in Gdańsk.
Filling station operator OMV Petrom and Auchan Retail have announced an agreement to extend their partnership to open MyAuchan proximity stores in Petrom's stations.
Czech developer RC Europe has opened a Nest retail park in Oradea in northwest Romania.
Two leases have been signed for space in the Galeria Dębiec shopping centre in Poznań. Organic Fitness has already opened up a 1,000 sqm fitness club and a 50 sqm SuperVista optician's will open under the brand name Brillen.pl.
Polish company Scallier has announced plans to develop a chain of six retail parks in Romania.
Don’t you sometimes feel that you’ve had enough of all the depressing news that the media have been serving up for the past few months? Or of the alternate reality version of ‘the ...
Small talkDorota Bartosz of the Polish Green Building Council (PLGBC)
Small talkDominik Leszczyński, CEO, DL Invest Group
Finnish studio ALA Architects has won the competition to design an extension to the Estonian Business School in Tallinn’s central Maakri district.
A consortium of Eurovia, Subterra, Strabag. and AŽD Praha has been awarded a EUR 323 mln contract to build the Žilina-Teplička railway station and to ...
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 ...
POLAND The sixth Torus Triathlon In Da House (TTIDH) took place in the Alchemia office complex in Gdańsk at the end of February.
Russia’s largest online retailer Wildberries has entered the Ukrainian market.
The first stage of the preparations for the 11th Eurobuild Awards is now behind us – with the completion of the registration process for companies and ...
Due to the fact we are currently moving our premises, which involves the relocation of our mail server, Eurobuild cannot be contacted via our usual e- ...
Eurobuild CEE's 26th Annual Property Market Conference in Poland took place on November 25th. And to sum up the tone of the discussions, it could be s ...
Flex Office centre Hotspot Workhub has been certified as BREEAM 'Excellent' for its sustainable fit-out. The centre takes up 2,000 sqm in the Mark off ...
Ott Ventures, the private equity arm and fund management platform run by Orco Property Group and MaMaison Hotels & Residences founder Ott Properties, ...
JLL has for the first time in the history of international real estate consultancies in Poland chosen someone from outside the sector to run the compa ...
A consortium including Strabag is to upgrade a single-track railway line between Püspökladány and Biharkeresztes on the Romanian border.
Hungarian architectural and design firm MadiLancos Studio has leased 400 sqm for its new head office in the recently refurbished ZenGarden building in ...
By the end of the year, the Polish economy is expected to have contracted by 3-3.5 pct compared to 2019. Nevertheless, Poland’s GDP is expected to sta ...
British pharmaceuticals manufacturer AstraZeneca has renewed its lease of 1,280 sqm of office space in Bucharest Business Park for another five years. ...
POLAND Local Heroes has opened its first fashion store of 81 sqm at ul. Mokotowska 49 in the Mokotowska Square building in Warsaw.
Cushman & Wakefield has been appointed as the leasing agent for Eco City Katowice – an energy-efficient office complex under construction in the city.
Delta Holding has submitted an offer in the latest public tender for the purchase of the Sava Center congress hall in Belgrade.
Echo Investment, in cooperation with BBGK Architekci, has unveiled its concept for a new residential quarter in Warsaw’s Służewiec district.
With every fifth store standing vacant, street retail has not become established in Riga, according to a study by Colliers International.
The Norblin Factory complex in Warsaw being developed by Capital Park Group through the renovation and conversion of a former metal plating plant is t ...
Panattoni is to develop City Logistics Poznań I – a last-mile urban warehousing park in north-eastern Poznań. The developer has also revealed the iden ...
