PL

POLAND Koreans acquire Amazon centre in Świebodzin

Investment & finance
A Korean fund, represented by the Polish branch of BNP Paribas Real Estate, has acquired the 190,000 sqm distribution centre developed by Panattoni in Świebodzin in western Poland.

Financing of almost EUR 100 mln was granted for this transaction by a consortium of two banks, with BNP Paribas Bank Polska acting as the facility and security agent as well as the account bank, while also providing escrow services. BNP Paribas Group also provided comprehensive support for the deal, including representing the investor in acquiring the investment opportunity, the technical due diligence of the asset and handling the transaction payments.

This transaction is the result of BNP Paribas Group’s global presence and the very strong array of competences that we can provide. I am pleased that we can support our clients in new markets, thus implementing the mission of the BNP Paribas Group – helping them to invest in a project that has been developed in accordance with sustainable development principles.
Marek Kowalski, the head of real estate finance at BNP Paribas Bank

The four-storey facility comprises 190,000 sqm of industrial space together with 9,000 sqm of office space, as well as 1,000 parking places. It is situated close to the S3 expressway.

Latest news

Hotels

Poland Radisson announces changes

schedule 08 December 2022
Opr./edited by ANZ

Warsaw's Radisson hotel has undergone a metamorphosis. The hotel, which has been in operation for twenty years, has undergone a process of renovation and rebranding and has once again welcomed guests as the first hotel in Poland to operate under the prestigious Radisson Collection brand.

Office & mixed-use development

Poland Chemical tenant for P180

schedule 08 December 2022
Opr./edited by ANZ

A global distributor of chemical raw materials has become the latest tenant of the P180 office building in Warsaw. The company will occupy app. 1,500 sqm of office space.

Warehouse & industrial

Poland 7R City Flex Katowice attracts first tenant

schedule 08 December 2022
Opr./edited by ANZ

Logistics operator JAS-FBG has chosen as a base for its operations 7R City Flex Katowice I, where it will occupy over 6,000 sqm of warehouse space. The facility is scheduled to come into use in May 2023.

Architecture and urban planning

SLOVAKIA Penta holds competition for Dynamitka site

schedule 07 December 2022
Opr./edited by NN

Penta Real Estate is holding an architectural competition for the development of a 4.5 ha brownfield site that formed part of the former Juraj Dimitrov chemical works (known locally as ‘DImitrovka’ or ‘Dynamitka’) in Bratislava.

Warehouse & industrial

POLAND Antczak gives green touches to GLP park

schedule 07 December 2022
Opr./edited by NN

Two warehouses in Wrocław V Logistics Centre logistics park have been completed by general contractor Antczak Group for developer GLP, bringing the available area of the complex up to almost 90,000 sqm.

Property and Facility Management

POLAND MVGM stays on as PM for Pro Portfolio

schedule 07 December 2022
Opr./edited by NN

MVGM has signed an extension to its property management contract for the retail and service space in five office buildings in Poland owned by PineBridge Benson Elliot and Sharow Capital.

Investment & finance

World Stabilisation predicted from mid-2023

schedule 07 December 2022
Opr./edited by ANZ

In its latest Global Investor Outlook Colliers anticipates the process of stabilisation of the global real estate market to take hold by mid-2023. After a volatile year of geopolitical tensions, economic shocks and uneven monetary policy, survey findings point towards the potential for regression before stabilisation, with markets and sectors shifting at different velocities.

Warehouse & industrial

Poland Logmaster to move into MLP Pruszków II

schedule 07 December 2022
Opr./edited by ANZ

Logmaster will join the ranks of MLP Group’s tenants. The logistics company has leased approx. 6,800 sqm of modern space within the region’s largest warehouse complex. Delivery of the finished facility has been scheduled for June 2023.

Warehouse & industrial

POLAND Twice the Schrack in Prologis Warsaw II

schedule 06 December 2022
Opr./edited by NN

Electrotechnical products manufacturer and distributor Schrack Technik Polska has extended its contract with Prologis Park Warsaw II for five years and doubled its leased warehouse, office and showroom space to 6,700 sqm.

Warehouse & industrial

SLOVAKIA VGP starts on park near Banská Bystrica

schedule 06 December 2022
Opr./edited by NN

VGP has started work on VGP Park Zvolen near Banská Bystrica in central Slovakia, following the signing of a lease with logistics company Packeta Slovakia.

Warehouse & industrial

Romania Logicor larger in Bucharest

schedule 06 December 2022
Opr./edited by ANZ

Logicor has completed the development of an additional 23,000 sqm in Logicor Bucharest I Logistics Park in Mogoşoaia, 12 km northwest of Bucharest city centre. The complex consists now of four buildings with a total space of approx. 150,000 sqm.

Investment & finance

Poland Focus turns focus on Płock

schedule 06 December 2022
Opr./edited by ANZ

Ukrainian investor Focus Estate Fund has acquired the Atrium Mosty shopping centre in Płock, about 110 km northwest of Warsaw, for an undisclosed sum.

Retail & leisure

ROS grows in Poland

schedule 06 December 2022
Opr./edited by ANZ

ROS Retail Outlet Shopping strengthens its activity in Poland. The Austrian company plans extension in Gdańsk in 2023 and the new project in Kraków in 2024.

Office & mixed-use development

POLAND EPAM expands into Brain Park

schedule 05 December 2022
Opr./edited by NN

Polish IT specialist EPAM has leased almost 8,500 sqm of office space in Brain Park in Kraków, which is being developed by Echo Investment.

Interior design

POLAND Natural make-over for ASB in Skylight

schedule 05 December 2022
Opr./edited by NN

The expansion and arrangement of ASB Poland’s offices in the Skylight building in Warsaw city centre have been completed by the Workplaces department of Globalworth, the owner and manager of the Skylight and Lumen office complex.

Office & mixed-use development

Czech Republic Pretty unvacant in Prague

schedule 05 December 2022
Opr./edited by ANZ

The office vacancy rate in Prague, unlike in neighbouring markets, is decreasing and at the end of Q3 2022 fell to 8.1 pct, representing 308,000 sqm of unoccupied space – according to a Colliers’ quarterly market survey.

Warehouse & industrial

Poland Habasit consolidates in Panattoni Czeladź V

schedule 05 December 2022
Opr./edited by ANZ

Panattoni is completing a 13,000 sqm development for Habasit, a manufacturer and supplier of innovative conveyor solutions for the manufacturing sector. The company will consolidate two locations within Panattoni Park Czeladź V in the Silesian region in January 2023 and plans to expand within the park in the future.

Investment & finance

Poland Facing new challenges in 2023

schedule 05 December 2022
Opr./edited by ANZ

Savills has presented a preliminary summary of 2022 predicting key trends for the coming months. The commercial property market in Poland is facing uncertainty and rising prices but remains underpinned by strong fundamentals, which bodes well for the future, reveals Savills.

Investment & finance

POLAND MLP raises PLN 183.5 mln in share offer

schedule 02 December 2022
Opr./edited by NN

Polish industrial developer MLP Group has raised PLN 183.5 mln in a public offering of 2,621,343 series F shares by way of a private placement on the Warsaw Stock Exchange directed exclusively to qualified investors and investors subscribing for shares worth no less than the equivalent of EUR 100,000. Based on an accelerated bookbuild process, the issue price of the shares was set at PLN 70.

Warehouse & industrial

POLAND Green light for 7R Wrocław West II

schedule 01 December 2022
Opr./edited by NN

Polish warehouse developer 7R has been granted a final building permit for its 7R Park Wrocław West II development in Kąty Wrocławskie, which will offer almost 44,000 sqm of logistics and production space.

Latest in Investment & finance

schedule 07 December 2022

Stabilisation predicted from mid-2023

In its latest Global Investor Outlook Colliers anticipates the process of stabilisation of the global real estate market to take hold by mid-2023. After a volatile year of geopolitical tensions, economic shocks and uneven monetary policy, survey findings point towards the potential for regression before stabilisation, with markets and sectors shifting at different velocities.

schedule 06 December 2022

Focus turns focus on Płock

Ukrainian investor Focus Estate Fund has acquired the Atrium Mosty shopping centre in Płock, about 110 km northwest of Warsaw, for an undisclosed sum.

schedule 05 December 2022

Facing new challenges in 2023

Savills has presented a preliminary summary of 2022 predicting key trends for the coming months. The commercial property market in Poland is facing uncertainty and rising prices but remains underpinned by strong fundamentals, which bodes well for the future, reveals Savills.

schedule 02 December 2022

MLP raises PLN 183.5 mln in share offer

Polish industrial developer MLP Group has raised PLN 183.5 mln in a public offering of 2,621,343 series F shares by way of a private placement on the Warsaw Stock Exchange directed exclusively to qualified investors and investors subscribing for shares worth no less than the equivalent of EUR 100,000. Based on an accelerated bookbuild process, the issue price of the shares was set at PLN 70.

schedule 01 December 2022

LCP buys second retail park from Ghelamco

Ghelamco has sold the Plac Vogla retail park in Warsaw’s Wilanów district to LCP Properties for an undisclosed sum.

schedule 30 November 2022

Penta secures loan for Metalica and Legatica

Penta Real Estate has received a CZK 1.8 bln (app. EUR 73.9 mln) for the construction of two additional office buildings in its Nová Waltrovka development in Prague.

schedule 29 November 2022

Allianz moves into Polish and Finnish sheds

Munich-based Allianz Real Estate has entered into a forward-purchase agreement with German logistics provider DHL for a portfolio of five logistics facilities under construction in Poland, the Netherlands and Finland.

schedule 28 November 2022

Green Court Offices sold to French investor

Groupama Gan REIM, on behalf of French investor SCPI Affinités Pierre, has acquired the Green Court Office complex in Budapest from Belgian developer Codic Hungary and its partners Picton Group and Pesti Házak for EUR 77.1 mln.

schedule 23 November 2022

CPI set to merge S Immo into Immofinanz

Immofinanz has received approval from its supervisory board to enter into negotiations with its main shareholder CPI Property Group for the acquisition of a controlling stake in S Immo.

schedule 22 November 2022

CA Immo exits Romania with largest ever deal

Austrian real estate company CA Immo has announced its exit of the Romanian market as it finalises the sale of its seven-building office portfolio in Bucharest to local company Pavăl Holding, the owner of the Dedeman chain of DIY stores.

schedule 21 November 2022

Increased sale and leaseback activity 

Despite a slowdown in commercial real estate (CRE) markets, a tough macroeconomic backdrop and tighter lending conditions are set to make property an increasingly attractive means to raise capital, according to new research from Colliers. Corporates can explore a variety of methods to monetise real estate assets, with sale and leaseback emerging as one of the most attractive.

schedule 16 November 2022

Strabag forecasts higher output for 2022 

Strabag, a European-based technology group for construction services, has announced its figures for the first nine months of 2022. The company expects to generate an output volume of at least 17 billion euro in the full year – the guidance in the half-year was 16.6 billion euro.

schedule 16 November 2022

EQT Exeter buys in Szczecin

Waimea Holding has sold North-West Logistic Park 2 Szczecin, a complex of three fully commercialized warehouses in Szczecin, to a fund managed by EQT Exeter. The total area of the land and the property is over 27,000 sqm.

schedule 15 November 2022

Q4 expected to be less active

In its latest Global Capital Markets report Collier’s has analysed investment volumes across the Central and Eastern Europe region. According to the overview, investment volumes for the first three quarters of 2022 in CEE region were up by 3 pct year-on-year, but a noticeable slowdown from Q2 has been recorded. 

schedule 14 November 2022

EUR 100 mln loan for Bory Mall

Penta Real Estate has obtained a EUR 100 mln bank loan to refinance the debt of Bory Mall in Bratislava.

schedule 10 November 2022

PBSA market sets records

According to Savills, the total investment volume for Purpose Built Student Accommodation (PBSA) in Europe reached 11.7 billion euro in the first three quarters of 2022, a 130 pct increase on the same period in 2021 and a record high.

schedule 08 November 2022

CPI transfers Budapest portfolio to S Immo

Vienna-based S Immo has finalised the acquisition of eight office buildings and a plot of land in Budapest from its new parent company and majority shareholder, Prague-based CPI Property Group, for EUR 238.3 mln.

schedule 07 November 2022

Czech-Lux duo buy second Gdynia office complex

Łużycka Office Park (A, B, C and D) and Łużycka Plus buildings in Gdynia have been acquired from SGPM by a joint venture between Czech real estate open fund Investika and Luxembourg private equity investor Bud Holdings.

schedule 03 November 2022

Catella sells Warsaw and Kraków student & PRS projects

Catella has sold two fully-leased residential and student housing properties in Warsaw and Kraków to institutional investors in Austria and the Netherlands for more than EUR 60 mln.

schedule 03 November 2022

Poland continues to attract investment

According to a survey conducted by Savills involving real estate investors with total EME assets under management exceeding EUR 500 bln, European multifamily, big box logistics, urban logistics, CBD offices and student housing are the top five sectors that investors are looking to invest in over the next twelve months.

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