HUNGARY Budapest One 2,3 almost done

Office & mixed-use development
Futureal has obtained occupancy permits for the second and third phases of the Budapest One office development as the construction work approaches completion.
The first 25,000 sqm phase of the office complex was completed in early 2020, since when all the work related to the second and third phases have been carried out in parallel. The last two phases will add 40,000 sqm of office space and almost 3,500 sqm of retail and service space to the complex, along with almost 0.25 ha of green areas. The occupancy rate of the final two phases is already more than 70 pct, with both Vodafone and BT having chosen to open regional centres in the buildings. Buda
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Latest news

Warehouse & industrial

Germany Garbe leases Dissen logistics centre to Oval Group

schedule 15 October 2026
Opr./edited by AH

Garbe Industrial has leased its 19,500 sqm logistics centre in Dissen, Lower Saxony, to Oval Group for fresh and chilled goods logistics from February 2027.

Warehouse & industrial

Poland P3 expands Polish logistics portfolio to 2.7 mln sqm

schedule 15 October 2026
Opr./edited by AH

P3 Logistic Parks has taken over the management of a portfolio of logistics properties totalling around 650,000 sqm, bringing its Polish portfolio to 36 parks with a combined area of 2.7 mln sqm. The properties also offer potential for a further 1 mln sqm of development.

Office & mixed-use development

Poland Yareal moves into new Warsaw office

schedule 15 October 2026
Opr./edited by AH

Yareal Polska has moved its headquarters to LIXA C in Warsaw. The 750 sqm office was designed by The Design Group.

Office & mixed-use development

Poland Tesco chooses Unity Square Two for its Kraków headquarters

schedule 15 October 2026
Opr./edited by AH

Tesco Technology Services Europe (TTSE) has leased more than 3,700 sqm of office space at Unity Square Two in Kraków, where it will occupy five floors. The move supports the company’s continued growth in Poland and strengthens Kraków’s position as a technology hub.

Residential

Poland Nowa Tkalnia to open up Łódź’s industrial past

schedule 15 October 2026
Opr./edited by AH

Linesa Investments is redeveloping the former Uniontex textile factory site in Łódź’s Księży Młyn district, creating new homes, retail and service units, public spaces and pedestrian routes.

Residential

Czech Republic Skanska launches sales of 151 apartments in Prague

schedule 15 October 2026
Opr./edited by AH

Skanska has launched sales for the fourth stage of Modřanský cukrovar, its residential development on the Vltava river in Prague. The new stage will comprise 151 energy-efficient apartments and eight retail units. Construction is scheduled to start in the first quarter of 2027, with completion expected in early 2029.

Residential

Polska Housing costs shape students’ choice of university

schedule 15 October 2026
Opr./edited by AH

Affordable accommodation plays a role in where students choose to study. According to CBRE’s report 'Private Student Housing in Poland 2026: Price Is the Deciding Factor', 58.8 pct of students say access to affordable housing influenced their choice of university or a decision to change institutions. Meanwhile, 68.3 pct believe Poland’s student accommodation provision needs to improve, and 40.2 pct see a significant shortfall in supply.

Residential

Poland Numa to launch in Poland with Warsaw apartment deal

schedule 15 October 2026
Opr./edited by AH

AYA Properties Fund and Curtis Group have signed a 20-year lease with Numa for 56 serviced apartments at ul. Chmielna 13A in central Warsaw. The opening is planned for the first half of 2027 and will mark Numa’s entry into Poland.

Warehouse & industrial

Poland Panattoni Park Bytom fully leased ahead of completion

schedule 14 October 2026
Opr./edited by AH

Panattoni Park Bytom has been fully leased before construction is complete, with packaging supplier Grembox taking more than 33,000 sqm at the development. The complex will offer more than 132,000 sqm in total, and Grembox plans to begin operations at the new location in November 2027.

Warehouse & industrial

Poland LemonTree starts work on 30,000 sqm Stream Kraków development

schedule 14 October 2026
Opr./edited by AH

LemonTree has started construction of Stream Kraków by LemonTree, a warehouse and office development of nearly 30,000 sqm near Kraków Airport and the A4 motorway. The project is scheduled for completion in the second quarter of 2027. Goldbeck has been appointed as the general contractor.

Warehouse & industrial

Poland MSX Elektronika leases space at MLP Pruszków I

schedule 14 October 2026
Opr./edited by AH

MSX Elektronika has leased more than 1,300 sqm of warehouse and office space at MLP Pruszków I. The contract electronics manufacturer will use the premises for device assembly and related production and logistics operations. Handover is scheduled for the first quarter of 2027. Maxon Nieruchomości represented the tenant.

Warehouse & industrial

Poland E-commerce platform leases 88,000 sqm in two Logicor parks

schedule 14 October 2026
Opr./edited by AH

A global e-commerce platform has leased a total of 88,000 sqm of warehouse space at two Logicor logistics parks in central Poland. The agreements cover 68,000 sqm at Logicor Stryków and 20,000 sqm at Logicor Łódź I. Announced on 13 October 2026, the transaction strengthens the tenant’s logistics infrastructure in one of the country’s key distribution regions.

Office & mixed-use development

Poland Capgemini doubles office space at Business Garden Warsaw

schedule 14 October 2026
Opr./edited by AH

Capgemini will double its office space at Business Garden Warsaw, taking a total of 3,400 sqm at Vastint’s office campus on Żwirki i Wigury Street. The expansion adds 1,700 sqm and reflects the growth of the company’s Warsaw team and changing employee needs.

Retail & leisure

Poland BIG Konstantynów to open expanded retail park on 29 October

schedule 14 October 2026
Opr./edited by AH

BIG Konstantynów will open a new section of its retail park on 29 October 2026, adding around 13,500 sqm of retail space. Following the expansion, the complex will offer around 21,000 sqm in total, including the existing Kaufland and Bricomarché stores. The entire development is fully leased.

Warehouse & industrial

Poland Cross-dock warehouses cater to specialised logistics needs

schedule 14 October 2026
Opr./edited by AH

Cross-dock warehouses are designed to transfer goods rapidly between inbound and outbound transport, with minimal storage time. Unlike traditional warehouses, their key performance measure is throughput rather than storage capacity, reflecting their ability to handle large numbers of vehicles and significant volumes of goods, according to Axi Immo.

Office & mixed-use development

Poland Warsaw office vacancy rate falls to 7.9 pct

schedule 14 October 2026
Opr./edited by AH

At the end of Q3 2026, the vacancy rate in Warsaw’s office market stood at 7.9 pct, while total modern office stock reached approximately 6.23 million sqm. No new office buildings were completed during the quarter, and take-up exceeded 175,000 sqm, according to the latest data from the Polish Chamber of Commercial Real Estate (PINK).

Office & mixed-use development

Poland Syrena Real Estate to modernise Warsaw office building

schedule 13 October 2026
Opr./edited by AH

Syrena Real Estate will refurbish its building at 18 Piękna Street in Warsaw and rebrand it as Elma. The project will modernise the offices, nearly double the retail space and replace the lower floors with a more open, glazed frontage. Work is due to start in Q1 2027 and finish in Q3 2028.

Residential

Poland Poland’s housing market stabilises

schedule 13 October 2026
Opr./edited by AH

Residential developers sold 12,500 homes across Poland’s seven largest housing markets in the third quarter of 2026, up 5.7 pct from the previous quarter. They launched 12,800 new units, while the number of homes available for sale reached 70,200 at the end of September. According to real estate consultancy JLL, sales and new supply are broadly balanced, but the growing stock of completed unsold homes and shifting buyer sentiment point to a more uncertain outlook.

Construction

Poland BERGER Bau to Modernise Wrocław Student Residences

schedule 13 October 2026
Opr./edited by AH

BERGER Bau Polska will modernise the Kredka and Ołówek student residences owned by the University of Wrocław under a contract worth PLN 41.44 mln gross. Work will bring the buildings into compliance with current fire safety regulations and is scheduled to run from October 2026 to April 2029.

Investment & finance

Poland Poland’s Retail Park Market Drives Growth in Portfolio Transactions

schedule 13 October 2026
Opr./edited by AH

Poland’s increasingly mature retail park market is creating opportunities for portfolio transactions, allowing investors to expand their presence more quickly and allocate capital more efficiently. However, as highlighted in Retail Parks Uncovered, an investment report prepared by Avison Young in cooperation with CMS, Newgate Investment and PROH, these deals require careful legal due diligence, transaction structuring and risk management.

Latest in Office & mixed-use development

schedule 15 October 2026

Yareal moves into new Warsaw office

Yareal Polska has moved its headquarters to LIXA C in Warsaw. The 750 sqm office was designed by The Design Group.

schedule 15 October 2026

Tesco chooses Unity Square Two for its Kraków headquarters

Tesco Technology Services Europe (TTSE) has leased more than 3,700 sqm of office space at Unity Square Two in Kraków, where it will occupy five floors. The move supports the company’s continued growth in Poland and strengthens Kraków’s position as a technology hub.

schedule 14 October 2026

Capgemini doubles office space at Business Garden Warsaw

Capgemini will double its office space at Business Garden Warsaw, taking a total of 3,400 sqm at Vastint’s office campus on Żwirki i Wigury Street. The expansion adds 1,700 sqm and reflects the growth of the company’s Warsaw team and changing employee needs.

schedule 14 October 2026

Warsaw office vacancy rate falls to 7.9 pct

At the end of Q3 2026, the vacancy rate in Warsaw’s office market stood at 7.9 pct, while total modern office stock reached approximately 6.23 million sqm. No new office buildings were completed during the quarter, and take-up exceeded 175,000 sqm, according to the latest data from the Polish Chamber of Commercial Real Estate (PINK).

schedule 13 October 2026

Syrena Real Estate to modernise Warsaw office building

Syrena Real Estate will refurbish its building at 18 Piękna Street in Warsaw and rebrand it as Elma. The project will modernise the offices, nearly double the retail space and replace the lower floors with a more open, glazed frontage. Work is due to start in Q1 2027 and finish in Q3 2028.

schedule 12 October 2026

Central Poland’s warehouse market grows beyond Łódź

Central Poland has nearly 5.2 mln sqm of warehouse space, with a further 160,000 sqm under construction, according to Newmark Polska. While Łódź remains the region’s main economic centre, developers are increasingly building in nearby towns such as Stryków, Piotrków Trybunalski, Zgierz and Łowicz, where land is more readily available and rents and labour costs are lower.

schedule 09 October 2026

Knight Frank to lease VINCI Office Center in Kraków

Knight Frank has been appointed exclusive leasing agent for VINCI Office Center at 100 Opolska Street in Kraków. The building, owned by Sharow Capital, offers around 21,000 sqm of office space.

schedule 07 October 2026

Bucharest office demand picks up as companies rethink their workplace needs

New office leasing demand reached more than 93,000 sqm in the first nine months of 2026, up 6 pct year-on-year, while 72 pct of transactions involved buildings within 500 metres of a metro station

schedule 06 October 2026

eService leases 7,500 sqm in Drucianka Campus

Cashless payment services provider eService has leased 7,500 sqm of office space in Drucianka Campus, a development under construction on ul. Kijowska in Warsaw’s Praga-Północ district. This is the project’s first tenant. Construction is scheduled for completion in the summer of 2028.

schedule 05 October 2026

Defence24 leases 1,150 sqm at Warsaw Corporate Center

Media and research group Defence24 has signed a long-term lease for 1,150 sqm of office space at Warsaw Corporate Center (WCC) on ul. Emilii Plater in Warsaw. The company will occupy the entire seventh floor and part of the eighth floor.

schedule 05 October 2026

CBRE appointed to lease AFI V

AFI Poland has appointed CBRE as the leasing agent for AFI V., a prominent office building in Kraków. CBRE will be responsible for attracting new tenants and advising AFI Poland on the leasing strategy.

schedule 30 September 2026

Unibep moves into DL Tower

Unibep has leased around 200 sqm at DL Tower in Katowice. The space was handed over on 1 September 2026.

schedule 30 September 2026

Compensa leases around 500 sqm in DL Craft

Compensa, part of Vienna Insurance Group, has leased around 500 sqm at the DL Craft complex in Katowice. The lease agreement with DL Invest Group was signed on 31 August 2026.

schedule 29 September 2026

Mieszko takes 700 sqm at Jerozolimskie Business Park

NASA Capital has signed a long-term lease with Mieszko, a Polish confectionery manufacturer. The company will take around 700 sqm at Jerozolimskie Business Park in Warsaw, taking occupancy at the complex to 95%.

schedule 29 September 2026

Retrofitting costs come into focus

Rising energy costs, changing regulations, tenant expectations and the need to protect property values are forcing owners of older office buildings to consider their next steps. A new report by Gleeds Polska and the Polish Council of Commercial Real Estate (PINK) looks at the cost of different retrofit options and the energy savings they could deliver.

schedule 29 September 2026

Hotspot launches premium office concept in Bucharest

Hotspot is expanding in Bucharest with Hotspot Exclusive, a new premium serviced office concept at One Tower, part of the One Floreasca City development. The new location will cover more than 1,400 sqm and will be Hotspot’s third site in the city.

schedule 28 September 2026

Demographics to reshape Poland’s office market by 2035

Demographic change will make Poland’s office market more concentrated and selective over the next decade, with location, quality and flexibility becoming increasingly important. According to JLL, the resilience of office buildings through 2035 will increasingly depend on the concentration of talent in major cities, an ageing workforce, growing recruitment pressure and the ability of offices to accommodate multigenerational teams.

schedule 28 September 2026

Aliaxis Polska chooses Sky Tower

Aliaxis Poland has chosen has moved into Sky Tower in Wrocław having previously operated fromserviced office space.

schedule 28 September 2026

Itility opens first Romanian office in Palas Campus

Dutch IT consultancy Itility has opened its first Romanian office in Palas Campus in Iași, taking space at the office project developed by IULIUS. The company plans to grow its local team to 100 employees.

schedule 24 September 2026

Prime space comes harder to find

Price is no longer the only issue in Warsaw office negotiations. Finding the right space is becoming a challenge in its own right, with vacancy in the city centre falling to 4.8 pct and to 3.6 pct around Rondo Daszyńskiego. With demand holding up and little new space coming onto the market, the best offices are being taken up quickly.

Read flipbook version

Edition 10 (310) October 2026

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