PL

Poland PRS is doing well

Residential
We have visited the latest investment of the Resi4Rent platform - an investor and an operator of flats for rent. The project on ul. Woronicza in Warsaw was commissioned less than two months ago and is already 100 pct leased.

Resi4Rent offers furnished and equipped studio or two-bedroom units. The flat can be rented by the month and the maximum duration of a single contract is one year. Pets are welcome. Residents can use a garage and storage room for an additional fee, although the developer's statistics show that only 30 pct of tenants use their own car. The idea behind the project is to locate the investment in such a way that the residents have all basic services nearby and from which they can quickly reach central points in the city.

The investor emphasises that PRS is not the same as 'co-living', but at the same time cares about building a sense of belonging to the local community.

Resi4Rent currently has 3,000 units in 11 locations: in Warsaw, Wrocław, Łódź, Gdańsk, Poznań and Kraków. The developer aims to build a portfolio of 10,000 flats by 2025. In the spring, Resi4Rent plans to deliver two more developments in Warsaw - on ul. Białej Floty and on ul. Wilanowska.

Latest news

Warehouse & industrial

Poland On track to reach 30 mln sqm

schedule 29 March 2023
Opr./edited by ANZ

In 2022, the Polish industrial and warehouse market maintained its solid growth momentum despite headwinds such as project financing constraints and rising occupancy costs. The expected decline in new supply and shrinking land availability are likely to result in a supply gap in the space of the next year or so, says real estate advisory firm Savills.

Warehouse & industrial

Polska More space for Reka Rubber

schedule 29 March 2023
Opr./edited by ANZ

Reka Rubber Polska, manufacturer of rubber products, will double its lease at MLP Poznań West to close to 4,000 sqm. The company is expected to move into the new facility in the second quarter of 2023.

Warehouse & industrial

POLAND CTP goes north – to Gdańsk

schedule 28 March 2023
Opr./edited by NN

Czech warehouse developer CTP has entered Poland’s Pomerania region, where it will soon be launching the construction of the 119,000 sqm CTPark Gdańsk Port.

Green projects

Poland Very Green Norblin

schedule 28 March 2023
Opr./edited by ANZ

Owned by the Capital Park Group, the Warsaw mixed use complex Norblin Factory has received the final BREEAM certificates for both its office and retail sections. A photovoltaic system has been installed in the complex, and the managers are continuing their efforts to steadily reduce the property’s carbon footprint.

Warehouse & industrial

Poland Panattoni goes fourth in Lublin

schedule 28 March 2023
Opr./edited by ANZ

Panattoni has started the construction of Panattoni Park Lublin IV. The two-building complex with 53,900 sqm should be completed later this year.

Warehouse & industrial

Poland Let there be light in Panattoni Park Sosnowiec II

schedule 28 March 2023
Opr./edited by ANZ

Lighting company Wojnarowscy has renewed a lease agreement for 3,870 sqm of warehouse and office space in Panattoni Park Sosnowiec II.

Warehouse & industrial

Germany Garbe will build in the Halle/Leipzig area

schedule 28 March 2023
Opr./edited by ANZ

Garbe has acquired a plot of land of around 100,000 sqm in Kabelsketal (Saxony-Anhalt, Germany). A logistics property with a total area of approx. 61,500 sqm is planned on the site. Garbe is investing around 76 mln euros in the project. Construction is scheduled to start in October.

Office & mixed-use development

Poland State-of-the-art furniture in Textorial Park

schedule 28 March 2023
Opr./edited by ANZ

Textorial Park office campus in Łódź welcomed a new tenant. .mdd, manufacturer of office furniture has leased 317 sqm in the historic Building A. The space occupied by .mdd comprises the company’s offices and a showroom.

Warehouse & industrial

Poland From gas bottling plant to Panattoni park

schedule 27 March 2023
Opr./edited by ANZ

Panattoni has started the development of 25,000 sqm of speculative space on ul. Dostawcza in Łódź. It is to be a brownfield development built on the site of a former gas bottling plant.

Residential

Poland Millions for Neo Natolin

schedule 27 March 2023
Opr./edited by ANZ

Real Management has announced funding for construction of the first stage of the Neo Natolin housing estate. The company has received funding of PLN 125 mln for the residential project which is being developed in Warsaw’s Wilanów district, at ul. Stefana Korbońskiego.

Hotels

Saudi Arabia 4,400 hotel rooms for the Holy City of Madinah

schedule 27 March 2023
Opr./edited by ANZ

Marriott International, announced it has signed an agreement with Rua Al Madinah Holding Company to open eight hotels in the Holy City of Madinah in Saudi Arabia.

Retail & leisure

Poland Glinianka is filling up

schedule 24 March 2023
Opr./edited by ANZ

Jysk, which took up around 1,300 sqm, and Piekarnia Cukiernia Grzybki bakery (around 170 sqm) are new tenants at the Glinianka retail park. The park is being built in the village of Łubna, near Warsaw, and will provide the Mazovian market with around 10,000 sqm of leasable space. 

Office & mixed-use development

Poland Intive flexible in Warsaw

schedule 24 March 2023
Opr./edited by ANZ

Intive global tech company has let 62 workstations in the flexible Myhive offices belonging to CPI Property Group.

Eurobuild FM

Warsaw - Cannes Big business under the palm trees (ep. 6)

schedule 23 March 2023
Eurobuild CEE

A huge bombshell for the finale of the Cannes podcast – as many as FIVE of the top experts in the last episode of the series! Some famous names and also some less well-known to us are now poised to enter the Polish market! And you can listen to them here!

Office & mixed-use development

Poland Vibe emerges from the ground

schedule 23 March 2023
Opr./edited by ANZ

The Vibe office building in Warsaw is now taking shape, with the completion of its underground structure.

Investment & finance

Czech Republic Strong CTP in the Czech Republic

schedule 23 March 2023
Opr./edited by ANZ

2022 was a successful year for the property developer CTP. The company, operating in 10 European countries, has successfully managed to deal with the impact of global events on the European market. In 2022, the portfolio area in the Czech Republic was expanded by 300,000 sqm, bringing the total area to 3.8 mln sqm. Rental income increased by 13 pct year-on-year to EUR 230.3 mln. At present, CTP is the largest player in the Czech industrial-logistics property market with a 28 pct share.

Investment & finance

Romania K+K Elisabeta bought for Peakture

schedule 23 March 2023
Opr./edited by ANZ

Lorand and Zsuzsanna Szarvadi, the owners of the Balvanyos Resort & Spa in Covasna, acquired the K+K Elisabeta hotel located in the Bucharest city centre, and they will relaunch it under the newly established Peakture hotel brand.

Residential

Poland Promising Polish PRS

schedule 23 March 2023
Opr./edited by JC

According to the latest Avison Young report, at the end of 2022, there were over 9.4 thousand units in the pool of apartments for institutional rent in Poland, and another 13 thousand flats were under construction. The prolonging conflict in Ukraine and the significantly reduced credit scores increase the demand for renting apartments and thus, affect the development of the PRS market in Poland.

Warehouse & industrial

Romania Sun Wave Pharma in CTPark Bucharest South

schedule 22 March 2023
Opr./edited by ANZ

CTP has leased an area of 2,800 sqm to the food supplements manufacturer Sun Wave Pharma in the industrial park CTPark Bucharest South, located in the south of Bucharest, in the Popești - Leordeni area. From here, the products of the company will be delivered to both Romania and Bulgaria, with the warehouse acting as a regional hub.

Office & mixed-use development

Poland Demand is strong, but renting expensive

schedule 22 March 2023
Opr./edited by ANZ

The scale of office investments carried out in Poland today is much smaller than in previous years, while the demand for space is still high, according to consultants from Walter Herz.

Latest in Residential

schedule 27 March 2023

Millions for Neo Natolin

Real Management has announced funding for construction of the first stage of the Neo Natolin housing estate. The company has received funding of PLN 125 mln for the residential project which is being developed in Warsaw’s Wilanów district, at ul. Stefana Korbońskiego.

schedule 23 March 2023

Promising Polish PRS

According to the latest Avison Young report, at the end of 2022, there were over 9.4 thousand units in the pool of apartments for institutional rent in Poland, and another 13 thousand flats were under construction. The prolonging conflict in Ukraine and the significantly reduced credit scores increase the demand for renting apartments and thus, affect the development of the PRS market in Poland.

schedule 15 March 2023

New PRS project in Mokotów district

Apricot Capital Group (ACG) has announced the signing of a general contractor agreement with Budimex for the construction of a new PRS development at ul. Taśmowa 5, in the Warsaw’s Mokotów district. The total investment exceeds PLN 270 mln and ACG’s investor has provided the full sum in equity.

schedule 15 March 2023

PRS is the safest

Institutional rental comes from Western Europe and is firmly established, among others, in Germany, Switzerland and the Netherlands. For several years, interest in the PRS market from both investors and tenants, has been steadily growing in Poland.

schedule 13 March 2023

Multikino Urysnów makes way for estate

Belgian developer GH Development has acquired the more than 1 ha plot of the Multikino cinema and entertainment complex in Warsaw’s Ursynów district for an undisclosed sum. It is now planning to develop a 300-apartment residential project on the site.

schedule 28 February 2023

248 apartments from Interdraw

Interdraw has obtained the building permit for Sungate Apartments, a residential project with 248 apartments in Bucharest. The market value of the investment is over EUR 30 mln.

schedule 09 February 2023

One Lake District with a building permit

One United Properties, the investor and developer of residential, mixed-use, and office real estate in Romania, has obtained the building permit for One Lake District, a large-scale sustainable residential development with 2,076 apartments, located on the shores of Lake Plumbuita. 

schedule 18 January 2023

A modern residential district in Munich

Empira Group has acquired the Langes Land, a residential project in Munich, Germany. The project will create residential space in the highly sought-after Bavarian state capital to meet the continuous high demand.

schedule 23 December 2022

Prime Łódź 1 awaits green light

Łódź city council has received an application from Warsaw-based company Prime Łódź 1 for the development of a complex of three apartment towers opposite the Galeria Łódzka shopping centre. The project could see the construction of 900 residential units.

schedule 20 December 2022

Wing and Griffin take 60% of Bauwert

Hungarian real estate group Wing together with Warsaw-based private equity manager Griffin Capital Partners have entered into an agreement with Bauwert to buy a 60 pct stake in the Berlin-based developer.

schedule 19 December 2022

LivUp buys in Kraków

LivUp, one of the first investor and operator on the Polish PRS market, has finalized the purchase of a property in Kraków from Galinvest. The new LivUp project will include about 80 residential apartments for long-term rental.

schedule 13 December 2022

PRS is doing well

We have visited the latest investment of the Resi4Rent platform - an investor and an operator of flats for rent. The project on ul. Woronicza in Warsaw was commissioned less than two months ago and is already 100 pct leased.

schedule 01 December 2022

Bratislava’s highest Christmas tree

Slovak developer J&T Real Estate (JTRE) has topped out its Eurovea Tower skyscraper project, which forms part of its large-scale Eurovea 2 city-forming development in Bratislava. At 168m it is the tallest building in Slovakia.

schedule 01 December 2022

Residential market overheated in Prague

Colliers has summed up this year’s activity in the Czech residential real estate market. According to their analysis, Czechs are oriented largely towards an ownership model. The main driver for price increases is a significant excess of demand over supply.

schedule 14 November 2022

YIT buys plots in 3 cities

Finnish developer YIT has acquired two plots in Kraków for residential projects, as well as land in Warsaw and Gdańsk – two markets where it is already present.

schedule 14 November 2022

Fort Polska to transform Szczecin station

Fort Polska has been chosen to design PFR Nieruchomości’s first residential estate in Szczecin, which will contain 800 apartments.

schedule 14 November 2022

Ronson prepares for the market rebound

Ronson Development published its Q1-3 2022 financial report. Company’s total revenue amounted to PLN 199.4 mln, vs. PLN 349.4 mln in Q1-3 2021. The revenue decreased by PLN 150 mln, which is primarily explained by lower number of units delivered.

schedule 10 November 2022

Cordia’s new housing projects in Budapest

Cordia, Hungary's leading residential property developer, is adding more than 500 homes to its supply in three developments. This autumn, the company puts up more than 500 apartments for sale in the Hungarian capital’s most popular green belt and city centre locations. The new buildings’ energy ratings will be AA, meaning that their energy consumption is extremely low.

schedule 17 October 2022

Revetas to turn Polish offices into PRS

Revetas Capital is to convert its office landbank portfolio of around 90,000 sqm gla of potential space in three Polish cities into residential projects, as it enters the private rental sector.

schedule 13 October 2022

Kajima and Griffin finish biggest dorm project

Kajima Student Housing and Griffin Capital Partners have completed the development of a 795-bed Student Depot dormitory in Kraków – the largest residential project in Poland since the partnership was formed in 2019.

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