YIT and Autodesk pull out of Russia

For Ukraine
Finnish construction group YIT has announced that it is pulling out of Russia, while Autodesk, a producer of software for the construction and engineering industries, is also withdrawing from the country.
The Russian military attack has led to great human distress and suffering in Ukraine and our sympathy is with the Ukrainian people. We are deeply shocked by these recent events. The situation in Ukraine has sped up the review of our Russian operations, which we initiated last November.Markku Moilanen, the president and CEO of YIT YIT’s Russian residential division generated EUR 204 mln in revenue in 2021, representing 7 pct of the group’s total income for the year. The company had been
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Latest news

Retail & leisure

Czech Republic Retail parks growing rapidly across Czech Republic

schedule 06 May 2026
Opr./edited by AH

Retail parks in the Czech Republic are rapidly expanding and already account for almost a third of all modern retail space. In 2025, 82,400 sqm of new and expanded retail parks were delivered to the market, and the pace of their expansion is accelerating. Overall, developers plan to deliver 19 retail parks to the market this year, with a total area of nearly 90,000 sqm. This follows from data by Cushman & Wakefield.

Warehouse & industrial

Poland 7R lays cornerstone in Nowa Huta

schedule 06 May 2026
Opr./edited by AH

7R has laid the cornerstone for a state-of-the-art logistics and technology hub in Kraków. 7R Hub Nowa Huta is set to deliver around 230,000 sqm of modern industrial space. Even before construction work began on ul. Igołomska in Kraków, 7R had secured lease agreements for much of the commercial space in the project.

Warehouse & industrial

Austria Padeldome enters MLP Business Park Vienna

schedule 06 May 2026
Opr./edited by AH

Leading Austrian padel operator Padeldome has signed a lease to build develop a 16-court sports centre within MLP Business Park Vienna, set to open in June 2026.

Investment & finance

Poland Kingstone and Iroko partner up

schedule 06 May 2026
Opr./edited by AH

Kingstone Real Estate has entered into a partnership with French investment fund and asset manager Iroko. The partners intend to identify properties in Poland that generate stable and long-term investment revenues.

Investment & finance

Poland Panattoni sells Auchan distribution centre

schedule 06 May 2026
Opr./edited by AH

Panattoni has completed the sale of an automated e-grocery distribution centre leased to Auchan in the Warsaw region. The buyer is French investment fund Corum XL, managed by Corum Asset Management. The property was sold for EUR 30.2 mln.

Office & mixed-use development

Poland Uni-logistics moves into President's Quay

schedule 06 May 2026
Opr./edited by AH

Uni-logistics has leased the entire 8th floor of President's Quay in Gdynia. Uni-logistics will occupy 1,115 sqm in the first phase of the Waterfront mixed-use development, owned and managed by Vastint. Colliers advised the tenant on the transaction.

Office & mixed-use development

Poland Daftcode enters Centrum Marszałkowska

schedule 06 May 2026
Opr./edited by AH

Daftcode, a tech venture capital company, has leased nearly 800 sqm of office space at Centrum Marszałkowska in Warsaw. The tenant was represented by Newmark Polska.

Investment & finance

Poland Ares completes portfolio sale

schedule 05 May 2026
Opr./edited by AH

Ares Management Corporation has completed the acquisition of a modern logistics portfolio in Poland for its Ares Real Estate funds. The financial terms were not disclosed.

Warehouse & industrial

CEE region DHL follows Pepco into Romania

schedule 04 May 2026
Opr./edited by AH

DHL Supply Chain and discount retailer Pepco are expanding their long-standing collaboration to further strengthen Pepco’s distribution operations across Europe.

Office & mixed-use development

Poland Canteen opens in Konstruktorska

schedule 04 May 2026
Opr./edited by AH

Canteen 5 Senses is to open in the Konstruktorska Business Center office building in Warsaw, which is part of the Golden Star Estate portfolio. Additionally, Contract Meble Biurowe, which operates a showroom in the building, has extended its 350 sqm lease.

Hotels

Poland Swissôtel comes to Gdynia

schedule 04 May 2026
Opr./edited by AH

In 2027, the first Swissôtel hotel in Poland will open in Gdynia. The project, being developed in partnership with Allenort Group, will be part of the Waterhall complex.

Investment & finance

Poland Sienna Center sold

schedule 04 May 2026
Opr./edited by AH

Belgian investment fund AYA Properties Fund has purchased the Sienna Center office building in Warsaw from CA Immo.

Hotels

Poland Strong Warsaw hotel growth

schedule 04 May 2026
Opr./edited by AH

According to the latest study by Cushman & Wakefield, Warsaw remains one of the strongest hotel markets in the CEE region. In 2025, the city recorded one of the highest RevPAR increases among CEE-6 cities, while also leading the growth in hotel room supply.

Investment & finance

Poland Atal buys out Budner

schedule 04 May 2026
Opr./edited by AH

The Atal Group has signed a preliminary agreement to acquire shares in companies from the Budner Group for PLN 133.5 mln. This includes companies that hold real estate. Through this deal, Atal will be able to develop new projects in the Tri-City area, with a usable area of around 70,000 sqm.

Residential

Slovakia Zeitraum enters Slovakia

schedule 04 May 2026
Opr./edited by AH

Zeitraum has become the operating partner of the first major serviced apartment project in Bratislava under development by Lucron in the city's Nesto district.

Investment & finance

Poland BIG buys Power Park Kielce

schedule 04 May 2026
Opr./edited by AH

BIG Poland has acquired Power Park Kielce. Following the transaction, the park is to become the 12th retail park in the company’s Polish portfolio, bringing the total gla of its assets under management to close to 247,000 sqm.

Office & mixed-use development

Poland IAG stays in O3

schedule 30 April 2026
Opr./edited by AH

IAG GBS Poland, the shared services centre of the International Airlines Group, has extended its 2,2000 sqm office lease in the O3 Business Campus complex in Kraków.

Office & mixed-use development

Poland Helios to move into Brama Miasta B

schedule 30 April 2026
Opr./edited by AH

In October, the Helios cinema chain, part of the Agora Group, will move into the Brama Miasta B office building in Łódź, owned by Skanska Commercial Development Europe.

Hotels

Romania RevPAR up by 12 pct

schedule 30 April 2026
Opr./edited by AH

Bucharest’s hotel market recorded the strongest performances in Central and Eastern Europe (CEE) in 2025, with revenue per available room (RevPAR) increasing by 12 pct year-on-year, outperforming the CEE-6 average, according to a market analysis conducted by Cushman & Wakefield.

Office & mixed-use development

Poland Tenant activity slows

schedule 29 April 2026
Opr./edited by AH

According to the latest ‘Office Market in Warsaw. Q1 2026’ report by Axi Immo, the Warsaw office market recorded a decline in occupier activity in the first quarter of 2026, while the availability of office space in central locations remained limited, putting upward pressure on rents.

Latest in For Ukraine

schedule 29 November 2023

Nansen Refugee Award goes to Poland!

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 winner for Europe is a Polish couple, Lena and Władysław Grochowski.

schedule 25 April 2022

Build Europe supports refugees and appeals to European Commission

Polski Związek Firm Deweloperskich (PZFD) and Build Europe, the organisation representing the national federations of European developers and homebuilders, delivered more than 500 beds in Poland to support Ukrainian refugees, and also provided direct financial support to humanitarian organisations operating on the Ukrainian border in Romania and Moldova.

schedule 13 April 2022

Former Russian building to house Ukrainian refugees

The City of Warsaw has repossessed a building, at ul. Sobieskiego 100 in the city's Mokotów Dolny district, from the Russian Embassy.

schedule 15 March 2022

City Point Targówek to support refugees

Peakside Capital Advisors and Partners Group have provided a warehouse in their City Point Targówek complex in Warsaw to the Mazovian branch of the Polish Red Cross for the support of Ukrainian refugees.

schedule 10 March 2022

Strabag real estate makes room for Ukrainian refugees

Strabag Real Estate working with the city of Warsaw has prepared 200 beds in the Atrium International Office building for refugees fleeing from the war in Ukraine.

schedule 09 March 2022

CBRE leaves Moscow

CBRE Group has announced that it is to discontinue most of its business in Russia in response to the invasion of Ukraine. The company has now begun the process of exiting its Moscow office, from where it had been providing leasing, investment, property management and valuation services

schedule 08 March 2022

Eurobuild cuts access with Russia, Belarus

As of midnight today, all of Eurobuild's websites will be inaccessible from the Russian Federation and Belarus. In addition, the editorial team will cease publishing information on the investment and real estate markets of both countries.

schedule 04 March 2022

YIT and Autodesk pull out of Russia

Finnish construction group YIT has announced that it is pulling out of Russia, while Autodesk, a producer of software for the construction and engineering industries, is also withdrawing from the country.

schedule 02 March 2022

Warsaw to take back Russian held property

The city of Warsaw has initiated legal proceedings to take possession of a property it claims was illegally seized by the Russian Federation.

Read flipbook version

Edition 3 (306) March 2026

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