PL

CZECH REPUBLIC Penta secures loan for Metalica and Legatica

Investment & finance
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.

The loan, which has been issued by ČSOB and Česká spořitelna, is for the construction of the Metalica (16,500 sqm) and Legatica (7,500 sqm) office buildings, which will be added to five that have already been built on the brownfield site of the former Walter aircraft engine factory in Prague's Radlice district, southwest of the city centre. The buildings have been scheduled for completion in H2 2023

We have excellent experience with the financing banks on both sides. Despite the challenges associated with Covid, the further disruption of supply chains and the increase in costs, we have managed to stick to the outlined schedule at Nová Waltrovka. The amount of the loan provided reflects the costs of the overall completion of the project.
Pavel Streblov, Penta Real Estate’s director for commercial construction

Altogether, Nová Waltrovka will offer 31,500 sqm of office space as well as 500 apartments, a hotel, a primary school, a central square, sports facilities and a playground.

Latest news

Investment & finance

Poland Interpierre buys Bolero

schedule 08 February 2023
Opr./edited by ANZ

Real Management has closed the sale of the modern office and technology building Bolero Office Point 2, located at ul. Równoległa 4 in Warsaw. The building has been acquired by Interpierre Europe Centrale managed by PAREF Gestion.

Green projects

Poland .Ktw II is excellent

schedule 08 February 2023
Opr./edited by ANZ

.Ktw II office building, developed by TDJ Estate, has been certified BREEAM at the Excellent level. The document is the final assessment of the investment's environmental impact. The building achieved a score of 80.6 pct.

Investment & finance

Polska Livos debuts, Catella is moving out

schedule 08 February 2023
Opr./edited by JC

With the acquisition of 63 residential units in Warsaw's Zlota 44 residential tower, German corporate group Livos has made its debut on the Polish real estate market. The seller, Catella Residential Investment Management, has thus withdrawn from the Polish market.

Investment & finance

Poland Half a billion loan for Varso Place

schedule 07 February 2023
Opr./edited by ANZ

A consortium of four banks has granted HB Reavis a EUR 475 mln loan to refinance its Varso Place development in the centre of Warsaw – the largest transaction of its kind in the history of the Polish real estate market.

Sitting down

Poland Sitting down with… Arkadiusz Rudzki

schedule 07 February 2023
Eurobuild CEE

It is our pleasure to invite you to listen to the first episode of the fourth season of our ‘Sitting Down With…’ chats. This time, Arkadiusz Rudzki of Skanska Commercial Development Europe is the guest of our podcast.

Warehouse & industrial

Poland MLP increases occupancy rates

schedule 07 February 2023
Opr./edited by ANZ

Last year MLP Group recorded very good results as regards contracts signed with tenants. During the period, the developer of modern logistics facilities leased in approx. 240,000 sqm of space. The largest number of contracts were signed at the MLP Pruszków II park near Warsaw and MLP Poznań West. This year the level of commercialisation is planned to go up by about 20 pct.

Warehouse & industrial

CZECH REPUBLIC Emons chooses Sázava Logistics Park for 2nd hub

schedule 07 February 2023
Opr./edited by NN

German logistics company Emons has leased more than 6,000 sqm in Sázava Logistics Park, which is situated off the D1 motorway near Ostředek, about 45 km southeast of central Prague.

Warehouse & industrial

POLAND Kucera to open hub in Panattoni Pruszków V

schedule 07 February 2023
Opr./edited by NN

Kucera Logistics Group has leased almost 3,300 sqm of warehouse and office space at Panattoni Park Pruszków V near Warsaw for a new distribution centre.

Warehouse & industrial

Poland Green light for Gdynia City Logistics

schedule 06 February 2023
Opr./edited by ANZ

A new urban warehouse facility, Gdynia City Logistics, developed by Torus, under the banner of Torus Logistics, and in cooperation with BTV Real Estate, will be built in Gdynia. The investment has just received a decision on development conditions.

Warehouse & industrial

Poland Kajima Poland to redevelop City Point Targówek

schedule 06 February 2023
Opr./edited by ANZ

Peakside Capital Advisors has selected Kajima Poland as the general contractor for the phase I redevelopment of the City Point Targówek urban logistics park. Demolition work is currently underway. The handover of the first building to tenants will take place this year.

Investment & finance

Poland Patron Capital and 7R sell in Goleniów

schedule 06 February 2023
Opr./edited by ANZ

Patron Capital, the European investor focused on property-backed investments, in partnership with 7R, a developer specializing in the construction of warehouses, have announced the sale of an approximately 30,000 sqm logistics asset in Goleniów to an undisclosed institutional investor for EUR 22 mln.

Investment & finance

Europe Growth and investment in innovation

schedule 06 February 2023
Opr./edited by ANZ

Drooms has surveyed 229 real estate experts in Europe on their predictions for 2023. According to the research real estate professionals anticipate business growth despite high interest rates and growing inflation. Over 37 pct of real estate companies in Europe expect revenues to increase this year.

Warehouse & industrial

Poland Regesta expands in Tricity

schedule 06 February 2023
Opr./edited by JC

Regesta has signed a lease for 7,000 sqm of warehouse and office space in Panattoni Park Gdańsk West II for its first warehouse in northern Poland. The company provides road haulage and domestic and international forwarding services.

Property and Facility Management

Czech Republic Atrium Flora managed by Cushman & Wakefield 

schedule 03 February 2023
Opr./edited by ANZ

Cushman & Wakefield took over the management of Atrium Flora in Prague’s Vinohrady district, a shopping centre owned by G City Europe.

Eurobuild FM

Poland Piotr Trzciński on the Polish investment market (Eurobuild FM)

schedule 02 February 2023
Eurobuild CEE

We are delighted to inform you that we are starting the fifth series of the Eurobuild FM podcast channel! Our first guest, Piotr Trzciński of Savills Investment Management, comments on the current situation and gives us his forecasts for the Polish investment market. 

Warehouse & industrial

Poland Work begins on Panattoni Łódź South II

schedule 02 February 2023
Opr./edited by ANZ

Panattoni has started construction work on Panattoni Park Łódź South II, which is to comprise 57,300 sqm and will be built in a single stage. The complex is to be BREEAM 'Excellent' certified.

Warehouse & industrial

Poland 7R Bydgoszcz ready for the next stage

schedule 02 February 2023
Opr./edited by ANZ

Polish warehouse developed 7R has leased out the entire first stage of 7R Park Bydgoszcz, which is now being prepared for expansion. The main tenant of the first phase is now Polish logistics operator Rohlig Suus Logistics, which has decided to lease another 3,000 sqm, bringing its premises in the park up to almost 16,500 sqm.

Investment & finance

WORLD Savills IM transacted EUR 3.6 bln in 2022

schedule 02 February 2023
Opr./edited by ANZ

Savills Investment Management transacted more than EUR 3.6 bln globally in private real estate equity transactions in 2022, including EUR 3.1 bln in Europe and EUR 540 mln in Asia. The investment platform completed 112 transactions across 14 countries in 2022, including around EUR 2.1 bln of acquisitions and EUR 1.5 bln of disposals, resulting in a net investment of app. EUR 600 mln.

Office & mixed-use development

POLAND OmniOffice to open in Warsaw Unit

schedule 01 February 2023
Opr./edited by NN

Polish serviced office operator OmniOffice has leased 3,090 sqm in Warsaw Unit from Ghelamco.

Investment & finance

POLAND Trigea buys second Panattoni park

schedule 01 February 2023
Nathan North
deputy editor

Czech real estate investor Trigea nemovitostní fond has acquired City Logistics Wrocław II from Panattoni for an undisclosed sum.

Latest in Investment & finance

schedule 08 February 2023

Interpierre buys Bolero

Real Management has closed the sale of the modern office and technology building Bolero Office Point 2, located at ul. Równoległa 4 in Warsaw. The building has been acquired by Interpierre Europe Centrale managed by PAREF Gestion.

schedule 08 February 2023

Livos debuts, Catella is moving out

With the acquisition of 63 residential units in Warsaw's Zlota 44 residential tower, German corporate group Livos has made its debut on the Polish real estate market. The seller, Catella Residential Investment Management, has thus withdrawn from the Polish market.

schedule 07 February 2023

Half a billion loan for Varso Place

A consortium of four banks has granted HB Reavis a EUR 475 mln loan to refinance its Varso Place development in the centre of Warsaw – the largest transaction of its kind in the history of the Polish real estate market.

schedule 06 February 2023

Patron Capital and 7R sell in Goleniów

Patron Capital, the European investor focused on property-backed investments, in partnership with 7R, a developer specializing in the construction of warehouses, have announced the sale of an approximately 30,000 sqm logistics asset in Goleniów to an undisclosed institutional investor for EUR 22 mln.

schedule 06 February 2023

Growth and investment in innovation

Drooms has surveyed 229 real estate experts in Europe on their predictions for 2023. According to the research real estate professionals anticipate business growth despite high interest rates and growing inflation. Over 37 pct of real estate companies in Europe expect revenues to increase this year.

schedule 02 February 2023

Savills IM transacted EUR 3.6 bln in 2022

Savills Investment Management transacted more than EUR 3.6 bln globally in private real estate equity transactions in 2022, including EUR 3.1 bln in Europe and EUR 540 mln in Asia. The investment platform completed 112 transactions across 14 countries in 2022, including around EUR 2.1 bln of acquisitions and EUR 1.5 bln of disposals, resulting in a net investment of app. EUR 600 mln.

schedule 01 February 2023

Trigea buys second Panattoni park

Czech real estate investor Trigea nemovitostní fond has acquired City Logistics Wrocław II from Panattoni for an undisclosed sum.

schedule 01 February 2023

Greenman takes over Newbridge

Ireland-based Greenman Group, the parent company of grocery real estate investment fund manager Greenman Investments, has expanded into Poland with the acquisition of retail asset manager and developer Newbridge Poland.

schedule 30 January 2023

Romania remains an attractive market

The total volume invested in income-producing real estate assets - office, retail, logistics and industrial spaces and hotels - in the Central and Eastern Europe returned to growth last year. According to Cushman & Wakefield Echinox experts, a positive evolution is mainly driven by the activity recorded in Romania and Slovakia.

schedule 26 January 2023

Arete not stopping after EUR 100 mln loan

Czech industrial real estate investor and developer Arete is to receive more than EUR 100 mln (CZK 2.5 bln) in financing for its portfolio from a consortium of banks made up of Česká spořitelna and Slovenská sporiteľňa.

schedule 26 January 2023

EUR 40 mln in debt financing for Trei

German residential and retail developer and asset manager Trei Real Estate has obtained EUR 40 mln in debt funding from Berlin Hyp.

schedule 26 January 2023

Investing in times of uncertainty

The investment volume of 2022 was shaped by five large deals, which accounted for 40 pct of the total result. Market liquidity fell by 27 pct, from a record 166 transactions in 2021 to 122 completed in 2022, according to experts at Avison Young.

schedule 26 January 2023

Develia sells Wola Retro

Develia has signed a preliminary agreement for the sale of Wola Retro office building in Warsaw. The buyer is WR Office, owned by an investment fund managed by Adventum Group. The sale price was set at EUR 69.8 mln, or app. PLN 328.6 mln.

schedule 25 January 2023

A heritage site for 1 percent

Szczecin is putting up for sale the building of a historic oil mill, which could be transformed into an interesting mix-use project. The property can be purchased with a 99 pct. discount on the net sale price.

schedule 24 January 2023

Enthusiasm remains high for Duodev 2

Second closing has been sealed for the Duodev 2 fund initiated by the Mestdagh and Mulliez families, proposing to invest in European real estate projects developed by Equilis. Six months after the approval of the first closing, the Duodev 2 fund continues its success.

schedule 23 January 2023

Immofinanz – S Immo merger moves closer

Austrian real estate companies S Immo and Immofinanz have signed a framework agreement to establish a joint process to review the further alignment, coordination, merger or other forms of integration across the two groups.

schedule 23 January 2023

Liberty Tower deal done

AT Capital Group has finalised the acquisition of a plot at the junction of ul. Grzybowska and ul. Żelazna in central Warsaw from Golub GetHouse, which was planning to develop the Liberty Tower hotel and residential development on the site.

schedule 19 January 2023

FLE picks up Kopernik Offices

FLE SICAV FIS has acquired its fifth office property in Poland – the Kopernik Office Buildings complex in Warsaw from DWS for an undisclosed sum.

schedule 19 January 2023

Olympia Tower changes hands

Bluehouse Capital has sold the Olympia Tower office building in Bucharest to Gibraltar-based investor Yellow Tree for an undisclosed sum.

schedule 13 January 2023

Colliers’ prognosis for the Czech market in 2023

According to Colliers, rising energy prices, construction costs and rents, the crisis of restaurants, pressure for ESG compliance and changes in the Prague high street are the main trends that will affect the Czech real estate market in 2023.

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