Warehouse & industrial
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
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
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
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
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
Lighting company Wojnarowscy has renewed a lease agreement for 3,870 sqm of warehouse and office space in Panattoni Park Sosnowiec II.
Warehouse & industrial
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
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
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
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
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
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
Intive global tech company has let 62 workstations in the flexible Myhive offices belonging to CPI Property Group.
Eurobuild FM
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
The Vibe office building in Warsaw is now taking shape, with the completion of its underground structure.
Investment & finance
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
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
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
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
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.
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.
Shed Living Kraków, a private student residence, is set to open in October this year in Kraków. The chain's first project in Poland has yet to be officially announced, but, as Eurobuild has learned, the dormitory will offer 566 fully equipped rooms for 722 students, as well as a range of amenities and services. The chain is planning further openings.
A Radisson Blu Resort hotel has opened in Ostróda, in Poland’s Masurian lake district.
JW Marriott, part of Marriott Bonvoy’s, has unveiled its new property in Germany with the opening of JW Marriott Hotel Berlin. It is the brand’s second hotel in Germany following Frankfurt in 2022.
IHG Hotels & Resorts has signed a contract with local company BDPST Group to operate two of the latter’s hotels in Budapest under IHG brands.
Marriott Bonvoy's Hot Hotel is planning more hotel openings in Europe and beyond. New facilities are going to appear in cities such as Budapest, Copenhagen and Munich.
One United Properties has acquired an abandoned development in central Bucharest, which it intends to into the 5-star One Plaza Athénée hotel.
It would seem that the ongoing war in Ukraine will stop all important city-forming investments in this country. On the contrary. Polish architects from the Kuryłowicz & Associates studio have designed a hotel in the heart of Lviv, which is currently under construction.
After extensive rebranding and refurbishment, the twenty-year-old Warsaw Radisson has re-opened as the first hotel in Poland to operate under the exclusive Radisson Collection brand.
Forty Management has announced that it is soon to begin work on its Central District Lagoon City hotel and mixed-use complex in Bucharest, while the launches of similar projects are pending in Prague and Budapest and that it is seeking a site for one in Warsaw.
The Hyatt Place Kraków has been officially opened, marking the return of the brand to Poland and its first opening in the city.
Belgian developer Atenor has announced that the Tribe Warsaw Airport hotel, which will be operated Ennismore, is to be developed in the first phase of its Fort 7 mixed-use project in the area of Fort Zbarż near Warsaw Chopin Airport.
Radisson Hotel Group is to further expand its network in Poland, beginning next year with openings in Ostróda and Kraków, followed by new hotels on the Baltic coast in 2024 and 2025.
The first Radisson RED hotel in Poland has opened on Wyspa Spichrzów (Granary Island) in Gdańsk. This brings the hospitality group’s portfolio in Poland to 22 properties in operation and under development.
IHG is to reintroduce its InterContinental Hotels & Resorts brand to Romania after a year’s break with the opening of the InterContinental Athénée Palace Bucharest in early 2023.
Louvre Hotels Group, part of Chinese conglomerate Jin Jiang International, is to enter the Hungarian midscale hospitality market with the opening of a hotel under its Campanile brand in Budapest
A Radisson Blu hotel has opened in Cluj-Napoca – the first of the brand to open in Transylvania.
Meininger Hotels and Polish real estate developer Fronton have signed a deal to develop a 503-bed and 135-room hotel in Kraków, scheduled to open in summer 2023.
The Bucharest hotel market has the highest growth among CEE capitals in terms of revenue per available room (RevPAR), according to the Hotel Operator Beat H2 2021 report by Cushman & Wakefield.
Another difficult year for the hotel market has come to an end – hotels were back in operation for only the last six months of the year, but the summer and autumn seasons were much better than in 2020. But the hospitality sector is resilient and always has the potential to bounce back – according to the ‘Hotel market in the largest cities in Poland. Annual report 2021’ by Hotel Professionals, which ‘Eurobuild CEE’ has been granted the exclusive rights to publish.
Warsaw mayor Rafał Trzaskowski recently made the claim that by 2050 the city’s metro system will comprise 103 stations and five lines, with connections to 17 of its 18 districts. T ...
Small talkPiotr Trzciński, the Poland, head of Savills Investment Management, gives us the investors' view of how we have coped with a year of unpleasant surprises and how things look like s ...
Small talkŁukasz Mazurczak, the managing director of MVGM, tells us about the evolving role of the property manager in the new reality – and how the PRS market in Poland is becoming increas ...
The City of Helsinki, Finland, has launched a tender competition to sell the Old Customs House in Katajanokka harbour area for redevelopment. The goal ...
Viega has launched an interactive training centre near its headquarters in Attendorn. Over five floors, Viega World occupies a total of 12,000 sqm of ...
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
In response to the gravity of Russia’s aggression, Colliers has discontinued its business in Russia and Belarus, effective immediately, after more tha ...
Shopee is ending its operations in Poland. The Asian e-commerce platform, which debuted in Poland in 2021, intends to focus on operations in other reg ...
At the turn of 2022 and 2023, GTC received further Barrier-Free Facility certificates for its office buildings, reflecting the implementation of new ...
For the 12th time it all went with a bang! The winners of the Eurobuild Awards 2022 have been announced to almost 900 guests of the Awards Gala, who w ...
It is with great sadness that we learn of the death of Karol Bartos, one of the most well-known and distinguished personalities on the Polish real est ...
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 a ...
MIPIM, the world’s largest international real estate event, has revealed 12 winners of the MIPIM Awards, a globally renowned real estate competition f ...
Polski Związek Firm Deweloperskich (PZFD) and Build Europe, the organisation representing the national federations of European developers and homebuil ...
Owned by the Capital Park Group, the Warsaw mixed use complex Norblin Factory has received the final BREEAM certificates for both its office and retai ...
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 S ...
BDPST Group has acquired the Hotel Gellért Szálló in central Budapest from Danubius Hotel Group for an undisclosed sum.
Mazowiecki province has issued a ZRID permit for Mostostal Warszawa to construct a 12 km section of the S7 expressway between Załuski and Modlin, nort ...
Designers from Colliers, under the supervision of architect Kateřina Štenclova, prepared the concept for the Mercedes-Benz headquarters in Prague. The ...
2022 was a successful year for the property developer CTP. The company, operating in 10 European countries, has successfully managed to deal with the ...
Real Management has concluded the sale of a 13.7 ha development site on ul. Wesoła in Pionki near Radom to Family Partners for an undisclosed sum.
The company has been strengthening its position on the commercial real estate market as a specialist consultancy providing comprehensive tenant and la ...
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 ...
Tattersall Lorenz has been chosen by Oxford Properties and Norges Bank Investment Management (NBIM) to undertake the technical and commercial property ...
The renovation of the Darius and Girėnas Stadium in Kaunas has been completed. The grand opening will take place in mid-October, when the stadium will ...
Real Management has announced funding for construction of the first stage of the Neo Natolin housing estate. The company has received funding of PLN 1 ...
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 i ...
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 ...
Bright Spaces has announced a partnership with CA Immo Hungary to digitally showcase five of the latter’s buildings.
In 2022, the Polish industrial and warehouse market maintained its solid growth momentum despite headwinds such as project financing constraints and r ...
