According to the latest report “Industrial and Warehouse Market in Poland”, released by Newmark Polska, 2023 was one of the best years in the market’s history. It saw the second highest new supply (3.7 mln sqm) and the third highest take-up (5.6 mln sqm) and development pipeline (2.8 mln sqm). Considerable warehouse availability levels brought a long-awaited stabilization of rental rates.
Polcast Media Group, the owner of Polonia 1 television, one of Poland's oldest commercial television stations, has recently secured a lease for circa 500 sqm in Trinity One office building located in Warsaw's Służewiec district.
The Loftmill label has joined the tenants of the .KTW I office building. Owned by Rise.pl, the company offers serviced offices and coworking space.
Panattoni has been awarded another BREEAM certificate with a rating of Outstanding for Panattoni Park Poznań A2. The building B was constructed for H&M without the use of PCVs.
Warsaw's Diuna office complex from the Syrena Real Estate portfolio has welcomed a new tenant, JDE Peet's. The company's new 900 sqm office was designed by BIT Creative.
Despite the monetary headwinds and continued economic uncertainty around the world, there is a strong belief that the global real estate industry is at a "pivot point", with improving prospects ahead for renewed investment activity, according to the latest Emerging Trends in Real Estate® Global Outlook 2024 from PwC and the Urban Land Institute.
Automotive company AS-PL has signed up to Panattoni Park Tricity East I by leasing nearly 2,900 sqm of warehouse and office space.
MIPIM 2024 has officially closed, but we have our special podcast series from Cannes for you! Tune in to all the latest news, opinions and forecasts from the fair – this week exclusively at www.eurobuildcee.com and global streaming platforms!
Panattoni has completed and handed over the main European production facility for Maxcess. Built on a BTS basis, the new hall in Łubowo will facilitate the relocation of the existing factory, enhance the capacity for new product and service development, and is expected to double employment, bolstering the local labor market's growth.
The technology company Freudenberg Sealing Technologies will move into the multi-user campus Victoria Park Hamburg, currently being developed by Garbe in a joint venture with the Jebens Group. The property, which has a total area of around 12,000 sqm, is scheduled for completion in February next year.
Revetas Capital and TriGranit have officially secured the occupancy permit for the second phase of Millennium Gardens in Budapest.
Vastint Romania is starting phase II of the Timpuri Noi Square project in Bucharest. After obtaining the necessary permits, the developer will construct two new office buildings, which will increase the area of the entire complex to more than 100,000 sqm.
Segro has signed an agreement with Centrumelektroniki.eu for the rental of warehouse and office space in Silesia. In the new location, the company will strengthen its existing logistics services, offering more efficient completion and shipment of products to the target customer.
CTP is starting construction of its first manufacturing and logistics complex in the Podkarpackie region. In Rzeszów, the developer will build a complex of two facilities with a total leasable area of nearly 50,000 sqm.
Konica Minolta Business Solutions has extended its 3,000 sqm office lease at The Park Warsaw complex in the capital's Włochy district. The company will remain in the location for another five years.
After the very successful years of 2021 and 2022, known as the golden period of development of the industrial market in Poland, 2023 was a period of greater challenges due to a change in the macroeconomic situation. Axi Immo presents the "Polish Industrial Market 2023" report.
The trophy ceremony for the Global ESG Awards took place during MIPIM in Cannes. Following 180 nominations across six categories, 6,801 public votes and 2,177 evaluations done by a global official jury committee, a ranking revealed six winners.
NEPI Rockcastle has expanded its development and refurbishment pipeline in 2024 to just over EUR 650 mln across its Central and Eastern European markets, the biggest retail investment programme in the region.
Leroy Merlin leased two retail spaces in Bucharest with a combined area of 21,000 sqm from the Supernova Group.
Despite the monetary headwinds and continued economic uncertainty around the world, there is a strong belief that the global real estate industry is at a "pivot point", with improving prospects ahead for renewed investment activity, according to the latest Emerging Trends in Real Estate® Global Outlook 2024 from PwC and the Urban Land Institute.
NEPI Rockcastle has expanded its development and refurbishment pipeline in 2024 to just over EUR 650 mln across its Central and Eastern European markets, the biggest retail investment programme in the region.
The Rock Park Przeworsk retail park, opened at the beginning of February, gained a new owner after a month of operation. The transaction took place between RockCapital. and ME Invest, a company owned by TERG S.A., owner of the Media Expert chain.
MLP Group has successfully placed EUR 41 mln worth of bonds, comprising an entire issue, with 35 investors in a public offering intended for qualified buyers. The transaction was arranged and conducted by mBank.
Investment firm Lords LB Asset Management has completed the purchase of the Technopolis Ozas office campus in Vilnius with a total area of over 100,000 sqm. The seller was Technopolis Lietuva.
Żabka Group has received approval from the Romanian National Authority for Consumer Protection to acquire a majority stake in FMCG distribution leader DRIM Daniel Distributie in Romania. As a result, Żabka Group met all regulatory requirements and finalised the transaction.
Erste Group Bank recorded an operating result of 5.5 bln euros in 2023, an increase of 38 pct compared to the previous year. The company expects that economies in CEE region return to growth path in 2024.
Panattoni has received financing for the expansion of Panattoni Park Ruda Śląska II. The loan of EUR 9.4 mln was granted by Millennium Bank.
According to a survey by Colliers presented at a February meeting of Czech and Slovak investors and other financial experts, active in commercial real estate, investment volumes in CEE-6 fell by around 52 pct to EUR 5.1 bln in 2023, reaching a ten-year low. Czech capital, however, retains strongest position in the region.
CPI Property Group has sold Concept Tower, a 15-story office building in Warsaw's Wola district. The new owner is Wood & Company Real Estate Fund.
With a total investment volume of just over EUR 2 bln, performance in 2023 on the commercial real estate investment market in Poland fell by two-thirds compared to volumes in the previous three years. However, Avison Young experts, according to Property investment market in Poland 2023, expect the situation to stabilise this year and investor activity to recover throughout 2024.
Immofinanz has closed the sale of the Grand Center Zagreb office property to a Croatian real estate company. The parties do not disclose the amount of the transaction.
Trigea fund has finalised the purchase of the Arkády Pankrác shopping centre in Prague. This is the largest ever retail real estate transaction by domestic funds in the Czech Republic, with a value in excess of CZK 6 bln.
A company from the Agat Ejendomme group (formerly TK Development) completed the sale of the Sandecja shopping mall in Nowy Sącz. The new owner of the facility is Focus Estate Fund.
CTP announces the successful placement of EUR 750 mln green bond with a six-year maturity and a 4.750 pct fixed coupon. The notes were settled and admitted to trading on Euronext Dublin.
Palmira has acquired a property in Krągola, situated between Poznań and Łódź, for the European Core Logistics Fund. Built in 2014 and occupied by Eurocash, the property comprises almost 40,000 sqm of hall and office space.
Dutch investment fund Van der Vorm has bought around 120 apartments from a Polish developer in Warsaw's Praga Południe district. The completed flats on ul. Siennicka are intended for long-term rental.
ZDR Investments Group has completed its first acquisition of the year. The company purchased a Billa grocery store with adjoining retail in the Prague district of Kunratice for its qualified investor fund.
The CEE-6 is poised for a significant GDP growth rate surge, tripling from below 1 pct last year to around 2.5 pct, retail parks continue to be a central focus driving market growth, the slowdown in deliveries of new offices will aid in filling vacant spaces, especially in modern/ESG-compliant offices – these are some of the predictions for the CEE-6 in 2024 just revealed by Colliers.
Avestus Real Estate has signed a loan agreement for the refinancing of the Imagine office complex in Łódź. The loan, totalling EUR 23.9 mln, was provided by mBank.
Dutch studio Benthem Crouwel Architects together with Czech architects OVA have won the competition to redesign a quarter of Vítězné náměstí (Victory ...
According to the report released by research firm Spectis, “Modular construction market in Poland 2024-2029”, top 100 manufacturers of prefabricated b ...
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
Panattoni has extended its sponsorship agreement with Poland’s premier golfer, Adrian Meronk. In the first year of Panattoni’s sponsorship, Meronk ach ...
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 ...
Panattoni has been awarded another BREEAM certificate with a rating of Outstanding for Panattoni Park Poznań A2. The building B was constructed for H& ...
Eurobuild Awards 2023 is behind us, but if you haven't yet gotten your hands on the special "Eurobuild" supplement prepared for the Gala evening, you ...
The March edition of our monthly has been released – the magazine is available online and in a paper version, which will be also delivered to guests o ...
MIPIM 2024 has officially closed, but we have our special podcast series from Cannes for you! Tune in to all the latest news, opinions and forecasts f ...
The Polish government has just announced the introduction of an additional levy on the media, which it calls an advertising tax, cynically justifying ...
This latest episode of 'Eye to Eye' is hot out of the podcast oven and ready to listen to! Eurobuild’s guest today is Paweł Sapek, the head of Prologi ...
The UN Nansen Refugee Award award will go to Poland for the first time. According to the office of the UNHCR High Commissioner this year's regional wi ...
Czech developer CTP has been granted a EUR 200 mln loan from the European Investment Bank for the roll-out of its large-scale solar panel installation ...
Radisson RED Belgrade has opened its doors as a new upscale lifestyle hotel, marking the debut of the Radisson RED brand in Southeast Europe.
Kamil Kowa has become the new CEO of Savills in Poland. He is a member of the management board of the company, and for the past nine years has held th ...
The investment programme until 2030 worth more than PLN 1.5 bln has been approved for Katowice's Wojciech Korfanty Airport. The programme will include ...
Designers from Colliers, under the supervision of architect Kateřina Štenclova, prepared the concept for the Mercedes-Benz headquarters in Prague. The ...
Despite the monetary headwinds and continued economic uncertainty around the world, there is a strong belief that the global real estate industry is a ...
Slovak investment fund Prvý realitný fond, through its company Logis Rugvica, has acquired a plot of land in the area of the village of Sveta Helena n ...
We would like to invite you to the meeting: "Explore Silesia: Where Economic Resilience Meets Opportunity!", held at MIPIM this Wednesday. Silesia and ...
Polcast Media Group, the owner of Polonia 1 television, one of Poland's oldest commercial television stations, has recently secured a lease for circa ...
CPI Property Group has appointed CBRE as manager of its Serbian Stop Shop retail park portfolio. It comprises 14 retail parks in 14 cities and more th ...
Echo Investment and its subsidiary Archicom have started the construction of a primary school for 450 pupils on ul. Konstruktorska in the Służewiec su ...
Revetas Capital has recently concluded the disposal of Bonarka Meadows in Krakow, a permitted residential development project, to Henniger Investment. ...
The Symbiosy smart building platform developed in-house by Slovakian developer HB Reavis has been acquired by Massachusetts-based real estate experien ...
According to the latest report “Industrial and Warehouse Market in Poland”, released by Newmark Polska, 2023 was one of the best years in the market’s ...
A queue for residential plots
A queue for residential plots
Walter Herz
Recently, there have been major changes on the investment land market. The expectations of plot owners are still high, however nowadays, buyers are willing to pay more for plots th ...
Waiting for cheaper money
Waiting for cheaper money
Walter Herz
In 2023, Polish investment market, like foreign markets, saw low investor activity. The value of investment volumes in all real estate sectors was much lower than in previous years ...
Investing in ‘safe havens’
Investing in ‘safe havens’
Avison Young
One of the basic rules of investing says: ‘don’t put all your eggs in one basket.’ We can secure capital through broadly understood diversification, i.e. dividing ...