PL

POLAND Fabryka PZO sales and leases complete

Office & mixed-use development
Cain International’s European Real Estate Opportunity Fund I and its local development partner, White Star Real Estate, have successfully completed the sale of all the residential units and leased all the commercial space in Fabryka PZO in Warsaw’s Praga district.

ZTM (The Warsaw Public Transport Authority) has signed a multi-year lease for its new 13,500 sqm headquarters in the building, which it will be moving into in 2022. It joins Polish gym chain Zdrofit, which has leased 1,766 sqm, and international pharmaceutical company Aurovitas Pharma, which has leased 1,159 sqm of office space in an adjacent building developed by the same joint venture last year.

The inflow of new companies and services is gradually changing the character of Praga district. The growing trend for businesses to take up space on the right bank of the river Vistula is driving the residential market and new developments of commercial projects. Recognising the potential of this area, we are developing new office and residential projects in this part of the city – Fabryka PZO, PZO 2 and Praga 306, which was already completed a few years ago – and designing green areas and public space that will be the perfect addition to the wide range of services that have been long awaited by the residents of this unique district.
Bartosz Prytuła, the managing partner of White Star Real Estate

The 21,500 sqm mixed-use development on ul. Grochowska comprises 121 apartments as well as office space. It is has been built through the redevelopment of the former Polskie Zakłady Optyk optical and precision apparatus factory.

London-headquartered Cain’s European Real Estate Opportunity Fund I, which closed in May with EUR 324 mln in capital from its investors (including EUR 70 mln from Goldman Sachs’ Vintage Funds), has now invested 70 pct of the commitments in several European cities, such as Dublin, Paris and Madrid as well as projects in Kraków and Warsaw, where the firm has partnered with local operator White Star Real Estate. The fund's remaining capital will be used to target opportunities in the residential sector in markets where Cain has strong investment exposure.

Latest news

Office & mixed-use development

POLAND Colliers chosen for University Business Park

schedule 23 July 2021
Opr./edited by NN

Colliers has been chosen to be the exclusive commercialisation agent for University Business Park in Łódź, which is owned by Globe Trade Centre.

Architecture and urban planning

CZECH REPUBLIC Dutch duo wins Brno station design competition

schedule 23 July 2021
Nathan North
deputy editor

Dutch studios Benthem Crouwel Architekten and West 8 have won the competition to design a new central railway station for Brno, in what was the largest architectural competition in the history of the Czech Republic.

Green projects

ROMANIA NEPI obtains EUR 73 mln green loan

schedule 23 July 2021
Opr./edited by NN

The International Finance Corporation (IFC) has provided a provides a EUR 73 mln green loan to NE Property BV, a wholly-owned subsidiary of NEPI Rockcastle, for the development of sustainable real estate in Romania.

Office & mixed-use development

POLAND Warsaw office vacancy hits 12 pct

schedule 23 July 2021
Opr./edited by NN

At the end of Q2 2021, the total modern office stock in Warsaw amounted to almost 6.1 mln sqm, according to the latest figures from PINK (the Polish Chamber of Commercial Properties). The vacancy rate was up by 1.1 pp q-o-q and by 4.6 pp y-o-y to 12.5 pct.

Office & mixed-use development

POLAND Apple Museum at Norblin Factory

schedule 22 July 2021
Opr./edited by NN

A museum dedicated to Apple products is to open in the Norblin Factory complex in the autumn with 1,500 exhibits related to the development and evolution of the company’s technology.

Infrastructure

POLAND Warbud to build new Kostrzyn bridge

schedule 22 July 2021
Opr./edited by NN

Warbud is to rebuild a road bridge over the river Warta in Kostrzyn nad Odrą, close to the Polish-German border.

Retail & leisure

CZECH REPUBLIC Patria buys two retail parks

schedule 22 July 2021
Opr./edited by NN

Patria has bought two retail parks from Czech developer KPD – in Ovčáry just outside in Kolín in central Bohemia and in Mohelnice in the Olomouc district of Moravia.

Public buildings

POLAND Złota 44 sales hit record figures

schedule 22 July 2021
Opr./edited by NN

In Q2 2021, the value of the apartments sold in the exclusive Złota 44 residential tower in Warsaw was 28 pct higher than the previous highest figure recorded in Q4 2020.

Office & mixed-use development

POLAND City takes up 12,000 sqm in Widok Towers

schedule 21 July 2021
Nathan North
deputy editor

Warsaw city council has leased 12,000 sqm in the newly completed Widok Towers in the centre of the capital.

Office & mixed-use development

POLAND Axi Immo happy in Spektrum and Muchowiec

schedule 21 July 2021
Opr./edited by NN

Industrial and office agency Axi Immo has renewed the leases for its premises on the top floor of Spektrum Tower in Warsaw’s CBD as well as in Muchowiec Active Park in Katowice.

Office & mixed-use development

HUNGARY RTL to broadcast from Liget

schedule 21 July 2021
Opr./edited by NN

RTL Services, the business services company for Magyar RTL Televízió, has signed a long-term lease for space in the Liget Center and the Liget Auditórium office buildings in Budapest, which are owned by Wing.

Retail & leisure

ROMANIA Scallier buys Timişoara project for FunShop Park

schedule 21 July 2021
Opr./edited by NN

Polish developer Scallier has acquired a retail park development from Oasis Retail & Development Consulting in Timişoara for an undisclosed sum.

Investment & finance

ROMANIA Austrian office investors pump up the volume

schedule 20 July 2021
Opr./edited by NN

Almost EUR 300 mln was invested in Romanian real estate in H1 2021, according to figures provided by Cushman & Wakefield Echinox. A large contribution to the volume was provided by the increased activity of Austrian office investors.

Retail & leisure

HUNGARY Spar invests across Hungary

schedule 20 July 2021
Nathan North
deputy editor

Spar Hungary has recently opened two new supermarkets and reopened two refurbished stores in an investment of EUR 5.3 mln in its Hungarian store network.

Warehouse & industrial

POLAND MLP Poznań West to grow by 43,000 sqm

schedule 20 July 2021
Nathan North
deputy editor

MLP Group has contracted Poznań-based W.P.I.P. to expand its MLP Poznań West project in Dąbrówka on the city’s western outskirts. The general contractor is to build more than 43,000 sqm of new space, with the construction work due to begin by the end of this month.

Infrastructure

CZECH REPUBLIC Skanska wins EUR 77 mln D55 contract

schedule 20 July 2021
Nathan North
deputy editor

Skanska has been awarded a contract worth more than CZK 1.95 bln (app. EUR 77 mln) from the Czech highway authority to build a section of the D55 motorway in the area of Staré Město in Moravia.

Investment & finance

CEE REGION GTC goes for greener financing

schedule 19 July 2021
Nathan North
deputy editor

Fresh from its successful EUR 500 mln green bond issue, its disposal of its Serbian portfolio and a number of acquisitions in Budapest, Eurobuild CEE asked Globe Trade Centre’s president, Yovav Carmi, and CFO Ariel Ferstman, about the company’s post-pandemic plans

Warehouse & industrial

POLAND Raben moves into Panattoni Gdańsk Airport

schedule 19 July 2021
Opr./edited by NN

Logistics operator Raben Logistics Polska has leased 7,560 sqm of warehouse space in Panattoni Park Gdańsk Airport.

Warehouse & industrial

POLAND Accolade to build two more Szczecin parks

schedule 19 July 2021
Nathan North
deputy editor

Czech industrial real estate investor and developer Accolade has acquired two sites in Szczecin’s Załom-Kasztanowe district for the development of 73,000 sqm gla of warehousing.

Office & mixed-use development

ROMANIA DB Cargo chooses One Controceni Park for HQ

schedule 19 July 2021
Nathan North
deputy editor

Deutsche Bahn Cargo Romania, the Romanian subsidiary of Europe’s largest railway carrier, is to relocate its headquarters to One Cotroceni Park, close to Bucharest city centre.

Latest in Office & mixed-use development

schedule 23 July 2021

Colliers chosen for University Business Park

Colliers has been chosen to be the exclusive commercialisation agent for University Business Park in Łódź, which is owned by Globe Trade Centre.

schedule 23 July 2021

Warsaw office vacancy hits 12 pct

At the end of Q2 2021, the total modern office stock in Warsaw amounted to almost 6.1 mln sqm, according to the latest figures from PINK (the Polish Chamber of Commercial Properties). The vacancy rate was up by 1.1 pp q-o-q and by 4.6 pp y-o-y to 12.5 pct.

schedule 22 July 2021

Apple Museum at Norblin Factory

A museum dedicated to Apple products is to open in the Norblin Factory complex in the autumn with 1,500 exhibits related to the development and evolution of the company’s technology.

schedule 21 July 2021

City takes up 12,000 sqm in Widok Towers

Warsaw city council has leased 12,000 sqm in the newly completed Widok Towers in the centre of the capital.

schedule 21 July 2021

Axi Immo happy in Spektrum and Muchowiec

Industrial and office agency Axi Immo has renewed the leases for its premises on the top floor of Spektrum Tower in Warsaw’s CBD as well as in Muchowiec Active Park in Katowice.

schedule 21 July 2021

RTL to broadcast from Liget

RTL Services, the business services company for Magyar RTL Televízió, has signed a long-term lease for space in the Liget Center and the Liget Auditórium office buildings in Budapest, which are owned by Wing.

schedule 19 July 2021

DB Cargo chooses One Controceni Park for HQ

Deutsche Bahn Cargo Romania, the Romanian subsidiary of Europe’s largest railway carrier, is to relocate its headquarters to One Cotroceni Park, close to Bucharest city centre.

schedule 16 July 2021

Carbon Tower now almost full

Cavatina Holding’s Carbon Tower office development in Wrocław, which came into use in mid-2019, is now 94 pct leased.

schedule 16 July 2021

Bosch expands Cluj innovation centre

Bosch has started the construction of the second office building for its engineering centre in Cluj. The German engineering and tech company will invest EUR 21 mln in the project.

schedule 15 July 2021

Point72 takes up residence in Browary

US asset management company Point72 has leased 3,000 sqm in Browary Warszawskie in Warsaw.

schedule 15 July 2021

Red Court added to Rustonka

Construction work is to begin on J&T Real Estate’s Red Court office project, which will form part of the Rustonka office complex in Karlín (Prague 8).

schedule 15 July 2021

Play moves from Mars

P4, the operator of Polish mobile network Play, has leased 920 sqm of office space in the Hol 7.7 office complex in Warsaw’s Służewiec district.

schedule 13 July 2021

Porr wins EUR 19 mln contract for Selvita centre

Polish medical research company Selvita has announced the development of a new research centre in its home city of Kraków and has chosen Porr to be the general contractor.

schedule 13 July 2021

IBM moving to Nové Apollo

The identity of the IT giant that is moving into the Nové Apollo office complex in Bratislava has been revealed to be IBM.

schedule 12 July 2021

Another tenant for Global Office Park

Internet provider UPC Polska has leased 4,300 sqm in Global Office Park in Katowice.

schedule 09 July 2021

KMD A-OK in GBC

Danish tech company KMD has extended its current lease of 6,200 sqm at Gdański Business Center in Warsaw until 2028.

schedule 07 July 2021

Hyland in Global Office Park

Enterprise software developer Hyland has leased 2,600 sqm from Cavatina in Global Office Park in Katowice.

schedule 07 July 2021

IBM goes for Corvin Innovation

IBM Hungary is moving its headquarters to Futureal’s Corvin Innovation Campus in Budapest.

schedule 06 July 2021

Global Office Park topped

Cavatina Holding has topped off the tallest two towers of Global Office Park in Katowice. The 104m tall buildings will eventually comprise 55,000 sqm gla.

schedule 05 July 2021

Red Bull in Fort Mokotów

Red Bull has leased 1,800 sqm in the Fort Mokotów mixed-use project on ul. Racławicka in Warsaw.

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