PL

POLAND Euro-net takes in more in The Park

Office & mixed-use development
Euro-net, the owner of the RTV Euro AGD electronic goods store network, is to move its headquarters into ninth building of The Park Warsaw in mid-2023, occupying 80 pct of its total area.

Euro-net, which operates currently have 305 physical RTV Euro AGD stores in 197 towns across Poland as well as the euro.com.pl online store, has been present in The Park Warsaw complex since 2014. By moving to the ninth building, which has been under construction since December 2021, the company will significantly increase the space it leases in the complex. This is currently being designed according to the tenant's needs. The building will have around 11,200 sqm of leasable space. The owner of The Park Warsaw is White Star Real Estate.

Signing a contract with a long-term tenant is always a reason for great satisfaction for the entire team, and when it is related to the relocation of a company’s headquarters, as in the case of RTV Euro AGD, it is also a proof of our effectiveness and quality of relationships developed over the last eight years. We create our projects with passion so that they meet the needs of even the most demanding tenants and ensure high comfort of work. The Park Warsaw has been present on the Warsaw office map for almost ten years, but we still want to develop this project and improve its functioning.
Bartosz Prytuła, the managing partner of White Star Real Estate

The Park Warsaw, on ul. Krakowiaków in the city’s Włochy district, could eventually comprise ten to twelve office buildings with a total leasable area of 110–130,000 sqm. All the buildings have been or will be BREEAM ‘Excellent’ certified.

Latest news

Warehouse & industrial

Poland Leasing activity remains stable

schedule 25 November 2024
Opr./edited by ANZ

The Polish industrial and logistics market demonstrated resilience in the first three quarters of 2024. During this period, 2.1 mln sqm of new warehouse space was delivered, expanding the sector’s total stock to nearly 34 mln sqm (+9 pct Y/Y). 

Office & mixed-use development

Poland New centre of Gdynia

schedule 25 November 2024
Opr./edited by ANZ

Vastint has completed the II stage of the Gdynia Waterfront development. A modern multifunctional complex is being built in the heart of the city, next to Skwer Kościuszki. Ultimately, the scheme will offer 75,500 sqm of space.

Warehouse & industrial

Poland Poland secures a podium finish

schedule 25 November 2024
Opr./edited by JC

According to Cushman & Wakefield, Poland recorded the second-highest industrial take-up in Europe between January and September 2024. Looking ahead, robust demand, coupled with a decline in speculative construction, is likely to tighten the availability of warehouse space for lease.

Warehouse & industrial

Czech Republic New logistics hub near Prague

schedule 22 November 2024
Opr./edited by JC

7R and EQT Exeter will jointly develop a modern logistics park near Prague. The 56,000 sqm investment will consist of two buildings located along the D8 highway, which serves the Greater Prague area.

Retail & leisure

Poland One in seven square metres of retail space to be built in Poland

schedule 21 November 2024
Opr./edited by ANZ

According to Trends Radar. Real Estate: From Stabilisation To Optimism, the latest report from Cushman & Wakefield, in 2024, Poland came second in Europe in terms of new retail supply, surpassed only by France. 

Office & mixed-use development

Poland MCP moves into Korona Office Complex

schedule 21 November 2024
Opr./edited by ANZ

The Małopolska Centre of Entrepreneurship will move into the GTC Newton building, which is part of the Korona Office Complex. The institution will occupy an area of over 3,000 sqm.

Retail & leisure

Poland Polish retail market performs well

schedule 21 November 2024
Opr./edited by ANZ

According to BNP Paribas Real Estate Poland latest report “At a Glance: Modern Retail Market in Poland, Q3 2024”, predictions of the imminent decline of shopping centres in Poland have proven premature. In Q3 2024, the Polish retail market expanded by another 116,000 sqm. 

Hotels

Serbia Luxury stay in Belgrade

schedule 20 November 2024
Opr./edited by ANZ

The St. Regis Belgrade hotel, the brand's first property in Serbia, has begun operating in Belgrade. It is located in the 42-storey high-rise Belgrade Tower (Kula Beograd), built at the meeting point of the Sava and Danube rivers.

Warehouse & industrial

Czech Republic Renegotiations account for nearly 40 pct of industrial leases

schedule 20 November 2024
Opr./edited by ANZ

According to Savills' analysis of the industrial real estate market in the Czech Republic, lease renegotiations, or the extension of older lease agreements in existing premises, have become a significant part of the warehouse and manufacturing real estate market. 

Investment & finance

Poland A EUR 75 mln loan for Panattoni Park Sulechów III

schedule 20 November 2024
Opr./edited by ANZ

Panattoni has secured a EUR 75 mln loan from Citibank (London Branch). The funds are intended to finance the Panattoni Park Sulechów III investment.

Infrastructure

Poland Grand station in little Brzeziny

schedule 19 November 2024
Opr./edited by ANZ

The Warsaw - Łódź stretch will be the first section of the High Speed Railway in Poland. It is on this route that a new station will be built in Brzeziny, a district town hitherto deprived of any access to rail transport.

Warehouse & industrial

Poland Lynka is staying with Panattoni

schedule 19 November 2024
Opr./edited by JC

Lynka, a European supplier of branded apparel, has extended its lease of 9,000 sqm of warehouse, manufacturing, office and social space in Panattoni Park Kraków IV.

Investment & finance

Czech Republic PRS fund makes big purchase

schedule 18 November 2024
Opr./edited by JC

Fond Českého Bydlení (the Czech Housing Fund) has successfully completed the acquisition of two apartment buildings located in Beroun and Chomutov. This transaction adds 313 fully rented apartments to the company's portfolio.

Eurobuild CEE

Poland Time for change

schedule 15 November 2024
Eurobuild CEE

As the media market in Poland evolves, we also need (and want to!) adapt to these changes and move with the times. Soon, access to our archive will be subject to a small payment.

Hotels

Hungary Puro has financing for an investment in Budapest

schedule 15 November 2024
Opr./edited by ANZ

Bank Gospodarstwa Krajowego has granted a loan of up to EUR 40 mln to the Hungarian company from the Puro Group. The financing will be used for the construction of a four-star premium hotel in the centre of Budapest. 

Public buildings

Poland Warsaw Uni building underway

schedule 15 November 2024
Opr./edited by ANZ

The University of Warsaw has signed a contract with the general contractor for a project at ul. Bednarska 2/4. The new building will house the faculties of Journalism, Information and Bibliology and Economic Sciences, as well as the Academic Campus Radio. Construction work will begin at the end of November. 

Investment & finance

Poland Full occupancy for ELF 2

schedule 14 November 2024
Opr./edited by JC

Savills IM has let the last vacant rental space of the European Logistics Fund 2 (ELF 2) in a logistics property in Konotopa, Poland, on a long-term lease.

Investment & finance

Poland First loan of its kind

schedule 14 November 2024
Opr./edited by JC

Panattoni has been awarded a pioneering green loan from Berlin Hyp worth EUR 74.34 mln. The financing is for a logistics center in Bydgoszcz developed for an e-commerce firm.

Residential

Czech Republic YIT goes to Brno

schedule 13 November 2024
Opr./edited by JC

YIT continues to grow in line with its strategy in the CEE countries. The company is expanding its operations in the Czech Republic and establishes a joint venture with the Czech investor group RSJ Investments.

Investment & finance

Poland Vantage to invest €100m

schedule 13 November 2024
Opr./edited by ANZ

Vantage Development's Polish subsidiaries have secured a EUR 100 mln loan from the European Bank for Reconstruction and Development. The TAG Immobilien-owned developer and operator will use the funds raised to expand its PRS investments in Poland.

Latest in Office & mixed-use development

schedule 25 November 2024

New centre of Gdynia

Vastint has completed the II stage of the Gdynia Waterfront development. A modern multifunctional complex is being built in the heart of the city, next to Skwer Kościuszki. Ultimately, the scheme will offer 75,500 sqm of space.

schedule 21 November 2024

MCP moves into Korona Office Complex

The Małopolska Centre of Entrepreneurship will move into the GTC Newton building, which is part of the Korona Office Complex. The institution will occupy an area of over 3,000 sqm.

schedule 12 November 2024

Third quarter holds steady

Cushman & Wakefield has summarised the Q3 of 2024 on the largest office markets in Poland. Office take-up in key regional cities remained on par with the figures recorded in the same period in 2023, signifying stability on the office rental market.

schedule 06 November 2024

Furniture retailers choose office buildings

Insignis concept store, a furniture retailer, has rented space on the ground floor of The Bucharest Business Park. Three other companies that sell furniture have recently rented sales spaces in office buildings in the northern area of Bucharest, the total area exceeding 10,000 sqm.

schedule 05 November 2024

Warsaw office market back in the game

According to a report 'Office Market in Warsaw in Q1-Q3 2024', published by Axi Immo, developer activity in the Warsaw office space market is progressively increasing. More than 70,000 sqm finished by the end of September 2024 and around 280,000 sqm under construction in the coming years, demonstrate that investors and developers are moving the industry forward.

schedule 04 November 2024

The Shire expands in Kraków

GTC, in collaboration with The Shire Beyond Coworking, is opening a new coworking space in Kraków's Korona Office Complex.

schedule 04 November 2024

Newly modernised Alfa attracts tenants

Strabag PFS has moved into the Eurocentrum Alfa office building in Warsaw, owned by CPI Property Group Poland. The lease agreement is for over 1,000 sqm.

schedule 04 November 2024

Office pre-leases make a comeback in Warsaw

According to “Office Occupier – Warsaw Office Market, Q1-Q3 2024”, a report published by Newmark Polska, in the Q3 of 2024, both leasing and development activity on the Warsaw office market remained largely consistent with the levels recorded in the previous quarter.

schedule 31 October 2024

Largest Łódź office deal

A pharmaceutical company has leased 6,000 sqm in the GTC-owned Sterlinga Business Center office building in Łódź. This is the largest office deal in Łódź in 2024.

schedule 30 October 2024

Warsaw office market stable

Cushman & Wakefield has summarised the situation on the Warsaw office market for Q3 2024. Office take-up, both in leasing volumes and transaction numbers, was comparable to that recorded in the same period in 2023. Meanwhile, muted development activity, falling vacancy rates and shrinking land availability are likely to encourage investors to launch redevelopment projects.

schedule 30 October 2024

BGK stays in Varso

Bank Gospodarstwa Krajowego has decided to extend its lease agreement for 13,600 sqm of office space in Varso Place. The company occupies five floors of the building.

schedule 24 October 2024

Silesia Star with a new tenant

L3Harris, a company focused on the production of electro-optics for industry, law enforcement, emergency services and the military, has a new office in the Silesia Star office building in Katowice.

schedule 23 October 2024

Sirius fully commercialised

Sirius Offices in Belgrade is fully leased. The office complex was built and remains owned by Erste Group Immorent, a subsidiary of Erste Group Bank.

schedule 23 October 2024

Ace of Space take off

Globalworth is launching a new brand of flexible offices, Ace of Space. Tailored to the needs of the company, space will be available to rent in Warsaw, Wrocław, Kraków, Katowice and Gdańsk.

schedule 22 October 2024

Grundmanna Office Park A is ready

Cavatina Holding has obtained an occupancy permit for the Grundmanna Office Park office building in Katowice. Building A will provide almost 21,000 sqm of office space and approx. 1,000 sqm of service areas. This is the developer's second investment in the city after Global Office Park. 

schedule 18 October 2024

HCLTech stays in building managed by EPP

HCLTech is staying at Krakow's O3 Business Campus for the next five years. The tenant occupies four floors with a total leasable area of over 7,000 sqm. 

schedule 18 October 2024

Lawyers stay at the top

Two law firms have decided to extend their existing leases in the Metropolitan Warszawa building. In total, Gide Loyrette Nouel and Norton Rose Fulbright will occupy more than 3,000 sqm of office space.

schedule 17 October 2024

Techstep takes second floor in Officyna 

Techstep Poland is moving its office to Officyna in Gdańsk. The company, which offers business mobility management solutions, has leased approx. 460 sqm in the office building.

schedule 15 October 2024

New quarter arises in Lublin

A mixed-use complex on ul. Ewangelicka in Lublin has been granted a building permit. The size of the project developed by the KKL company is over 17,800 sqm.

schedule 14 October 2024

The Warsaw office market according to PINK

At the end of September 2024, the stock of modern office space in Warsaw amounted to just under 6.265 mln sqm - according to data collected by Polish Chamber of Commercial Real Estate.

Edition 11 (293) November 2024

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