PL

Croatia Stop Shop goes big in Croatia

Retail & leisure
Immofinanz is to expand its Stop Shop chain of retail parks from 4 to 20 locations over the next three to five years.

A new store is scheduled to open in the first half of 2022 and another location is to be expanded. The company has secured sites in regional towns and cities for around EUR 80 mln. The investment in the new locations will total around EUR 250 mln. A total of 73 ha has been purchased and over 190,000 sqm gla is to be developed. At the end of September 2021, the four Croatian Stiop Shops in Valpovo, Osijek, Ludbreg and Nasice with a combined total of nearly 21,000 sqm were fully leased. The retail park in Ludbreg is currently being expanded by roughly 3,000 sqm, and this space – as well as a new retail park in Kastela with 7,000 sqm – are scheduled to open in the first half of 2022.

Latest news

Office & mixed-use development

CZECH REPUBLIC First stone laid for Roztyly Plaza

schedule 13 May 2022
Opr./edited by NN

Passerinvest has laid the foundation stone for the Roztyly Plaza office development in Chodov (Prague 11).

Office & mixed-use development

POLAND First Property refilling Gdynia building

schedule 13 May 2022
Opr./edited by NN

First Property Group has announced that it has signed leases totalling 2,691 sqm of its Podolska 21 office building in Gdynia – amounting to 20 pct of the net internal area.

Office & mixed-use development

POLAND Emerson expands HQ in Konstruktorska BC

schedule 13 May 2022
Nathan North
deputy editor

Emerson Process Management has decided to extend its lease and increase the space it occupies at Konstruktorska Business Center in Warsaw.

Property and Facility Management

POLAND Savills to take care of Sky Tower

schedule 13 May 2022
Opr./edited by NN

Savills has been appointed as the property manager for Sky Tower in Wrocław, which was acquired by Adventum Group in March. The consultancy previously acted as the advisor for the acquisition of the property.

Office & mixed-use development

Poland Ebury Partners enters Widok Towers

schedule 12 May 2022

Financial services provider Ebury Partners has leased 800 sqm on the eleventh floor of the Widok Towers office building in the centre of Warsaw.

Office & mixed-use development

Lakeside powered by green electricity during construction

schedule 12 May 2022

The construction of the Lakeside office building in Warsaw's Mokotów district, is being completely powered by clean energy from renewable sources.

Technology

Poland Hi Tech bicycle storage comes to Norblin Factory

schedule 12 May 2022

The machine has been installed in the Norblin Factory centre in Warsaw and can store up to 96 bikes.

Investment & finance

Poland 7R sells Polish project portfolio to CTP

schedule 12 May 2022
Eurobuild CEE

Polish industrial developer 7R has finalised the sale of a portfolio of projects across Poland to its Czech counterpart CTP Group. The portfolio includes sites with projects in both the development and pre-development phases. Around 1.2 mln sqm gla could potentially be developed on the acquired sites.

Property and Facility Management

POLAND CBRE IM chooses C&W for Nexus

schedule 12 May 2022
Opr./edited by NN

Cushman & Wakefield has been appointed by CBRE Investment Management to be the property manager of its Nexus portfolio of eight logistics centres across Poland.

Office & mixed-use development

POLAND Snowflake floats into Lixa C

schedule 12 May 2022
Nathan North
deputy editor

Silicon Valley based cloud computing specialist Snowflake has signed a 10-year lease for more than 7,000 sqm of office space in the recently completed Lixa C building in Warsaw.

Office & mixed-use development

POLAND Bank Pekao moves HQ to 18 floors of Forest Tower

schedule 12 May 2022
Opr./edited by NN

For its new head office, Bank Pekao has leased 18 floors of the 28-storey Forest Tower building, which was recently completed by Slovak developer HB Reavis in Warsaw.

Events

Poland Shining stars on the court – and off it

schedule 11 May 2022
Eurobuild CEE

It is once again our great pleasure to invite you to the Warszawianka Tennis Club in Warsaw for the 17th Annual Eurobuild CEE Tennis Tournament for the real estate market, which takes place on Friday, May 27th. But hurry – the invitation list is almost complete!

Construction

POLAND Rex-Bud to build MDC2 Park Gliwice

schedule 11 May 2022
Opr./edited by NN

Polish industrial developer MDC2 has chosen Rex-Bud Budownictwo to be the general contractor for MDC2 Park Gliwice in Upper Silesia.

Retail & leisure

ROMANIA MAS shops for PKM centres

schedule 11 May 2022
Nathan North
deputy editor

MAS Real Estate has agreed to buy six Romanian shopping centres with a combined area of 132,800 sqm gla from PKM Development, its joint venture with Prime Kapital, for EUR 319.7 mln.

Investment & finance

CENTRAL EUROPE S Immo comes to takeover terms with CPI

schedule 11 May 2022
Nathan North
deputy editor

Austrian real estate investor S Immo and its Czech counterpart CPI Property Group have reached an agreement on the latter’s intended takeover of S Immo, involving the removal of the voting cap required by CPI to launch a mandatory offer.

Retail & leisure

POLAND Karuzela Puławy opens

schedule 11 May 2022
Opr./edited by NN

Belgian real estate fund manager Mitiska REIM and Polish developer Karuzela Holding have opened a retail park in Puławy following the conversion of a former Tesco hypermarket on the site.

Warehouse & industrial

Czech Republic ESA Logistika takes up with Prologis near Prague

schedule 11 May 2022

The first building of Prologis Park Prague-D1 Ostředek has been completed and is now to be fully occupied, following the signing of a 4,600 sqm lease with ESA Logistika.

Office & mixed-use development

Poland K2 now completed

schedule 11 May 2022

Vastint Poland has received an occupancy permit for its K2 project in Gdynia.

Warehouse & industrial

Czech Republic Panattoni starts work on Chomutov forklift plant

schedule 10 May 2022

Panattoni in partnership with RSJ has started construction work on a forklift production plant for Jungheinrich.

Office & mixed-use development

Poland Office vacancy dips in Warsaw

schedule 10 May 2022

Over the first three months of the year, 93,400 sqm of office space was delivered to the Warsaw office market, bringing the city’s total office stock to around 6.24 mln sqm – according to Cushman & Wakefield.

Latest in Retail & leisure

schedule 11 May 2022

MAS shops for PKM centres

MAS Real Estate has agreed to buy six Romanian shopping centres with a combined area of 132,800 sqm gla from PKM Development, its joint venture with Prime Kapital, for EUR 319.7 mln.

schedule 11 May 2022

Karuzela Puławy opens

Belgian real estate fund manager Mitiska REIM and Polish developer Karuzela Holding have opened a retail park in Puławy following the conversion of a former Tesco hypermarket on the site.

schedule 13 April 2022

Adventum to buy retail parks for EUR 280 mln

Adventum has signed an agreement granting it exclusivity in the acquisition of a Tesco-anchored retail park chain across Hungary and the Czech Republic. The app. EUR 280 mln transaction is to be the largest so far for the company.

schedule 07 April 2022

Retail expands in Romania

Over the first three months of 2022, 20,000 sqm of new retail space was handed over in Romania, according to CBRE.

schedule 06 April 2022

Cushman & Wakefield Echinox takes on Funshop in Timișoara

Cushman & Wakefield Echinox has been appointed to manage Funshop retail park being developed in Timișoara by Polish developer Scallier.

schedule 05 April 2022

Żabka brings automated stores to Globalworth offices

Polish grocery chain Żabka has entered into an agreement with Globalworth to open a number of Żabka Nano automated stores in the company's office buildings in 2022. The first two have already opened in buildings B and D of Globalworth’s Quattro Business Park in Kraków.

schedule 29 March 2022

Another stage of Renoma renovations completed

Another stage of the modernisation of the Renoma retail and office centre in Wrocław has been completed.

schedule 25 March 2022

CREAM for Galeria Bemowo

CREAM Property Advisors has been appointed as the leasing agent for the retail space in the Galeria Bemowo shopping centre in Warsaw.

schedule 24 March 2022

Cream shakes up Pasaż Świętokrzyski

A number of changes have been made to the tenant mix in the Pasaż Świętokrzyski shopping centre in Kielce including the replacement of the grocery anchor and the opening of three new stores.

schedule 21 March 2022

TEDi and Hervis to enter Romania

German non-grocery retailer TEDi and the Austrian sports store chain Hervis, will open in Scallier’s newly developed retail parks in Romania.

schedule 08 March 2022

Green Park opens in Zielona Góra

The Green Park retail centre has opened in Zielona Góra.

schedule 08 March 2022

Focșani retail park awarded 'Excellent'

The retail park in Focșani opened by Polish developer Scallier in November last year has been BREEAM certified with a rating of ‘Excellent’.

schedule 02 March 2022

Alfa rebranded

On 10th March, Alfa will officially be renamed ‘Akropole Alfa’.

schedule 28 February 2022

Netto expands through Tesco site takeover

Netto has opened 14 stores across eight regions.

schedule 18 February 2022

Six new concepts for Norblin

Six brands offering a variety of new concepts have signed up for space in the Norblin Factory in Warsaw.

schedule 16 February 2022

Retail bounces back

Almost half a million square metres of retail space was delivered in 2021 with the completion of 45 new projects and twelve extensions, according to the latest figures from Cushman & Wakefield.

schedule 15 February 2022

Mitiska divests Wrocław retail park to Lords LB

Belgian industrial and retail park investor Mitiska REIM has sold Retail Park Młyn in Wrocław to AB Tewox, an investment company managed by Vilnius-based Lords LB Asset Management for an undisclosed sum.

schedule 14 February 2022

Żabka opens 8,000th store

Żabka has opened its 8,000th Polish convenience store.

schedule 11 February 2022

Makeover for Supersam

Globalworth has announced that the Supersam shopping centre in Katowice city centre is to be extensively refurbished. It will soon feature high-class office space as well as a new restaurant section.

schedule 10 February 2022

One United buys Bucharest shopping centre

One United Properties has acquired a majority stake in the Bucur Obor shopping centre in Bucharest.

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