Warehouse & industrial
Panattoni is planning to extend its operations to all three Baltic states but is to concentrate particularly on Lithuania. As part of the new strategy the company intends to unify its cross border services, which will allow its clients to take advantage of BTS solutions both in Poland and the Baltic states.
Office & mixed-use development
Siemens Healthineers has expanded its cooperation regarding office space lease with Deka Immobilien, the owner of the International Business Center complex in Warsaw.
Warehouse & industrial
MDC2 and Fortress Real Estate Investments have finalised the lease of around 25,000 sqm within MDC2 Park Łódź South. The tenant, Oriflame Holding, owner of the Oriflame cosmetics brand, will start operations at the new location in Q1 2025.
Retail & leisure
Newgate Investment has acquired a completed retail park in Zgorzelec with over 5,400 sqm GLA. The seller was Smart Park Poland.
Infrastructure
Beyond.pl, a data centre, cloud, and managed services provider and owner of data centres in Poland, is expanding its colocation project for AI, machine learning, and high-performance computing solutions launched in January this year. The company announced that it is working to increase the target capacity of its campus in Poznań by almost 2 times.
Public buildings
The most famous palm tree in Poland will be owned by the Museum of Modern Art. One of Warsaw's best-loved art installations will soon undergo a major overhaul.
Warehouse & industrial
According to the 2024 Savills Nearshoring Index study, the Czech Republic is the second most attractive location for industrial occupiers looking to ‘nearshore’ supply chains. Portugal ranks first, Poland in third place, Sweden being fourth, and Japan rounding out the top five.
Residential
Preparations are underway for the expansion of the Port Praski project. A housing estate and an attractive public space are planned along the quays of the former Warsaw port. The project will be evaluated by local residents as part of a dialogue about the investment.
Office & mixed-use development
According to data from the Cushman & Wakefield Echinox, the net office take-up in Bucharest across Q2 exceeded the renewal and renegociation transactional volume for the first time during the last two years, with a positive impact on the average vacancy rate, given that no new office projects were delivered in H1.
Warehouse & industrial
VGP in Hungary has handed over its new premises to Linde + Wieman. The German automotive parts manufacturer occupies 16,000 sqm at VGP Park Kecskemét, in the central part of the country.
Retail & leisure
One United Properties is carrying out restoration works on the former Ford Hall in Bucharest, which will be modernized into a mixed-use space. In addition to offices and a food market concept, One Gallery will feature a museum area, as well as a multifunctional hall.
Investment & finance
Garbe, in a joint venture with a fund managed by BlackRock, has acquired a brownfield site of almost 200,000 sqm in Salzgitter, Lower Saxony. The joint venture wants to create large-scale logistics on the site. The construction of the property with a total floor area of 70,000 sqm is scheduled to start in Q1 2025 and to be completed in 2026.
Warehouse & industrial
Panattoni has purchased a land plot where it is to build Panattoni Park Kraków East V. The construction work for a 30,000 sqm hall is scheduled to launch in October 2024.
Office & mixed-use development
Vibe, Ghelamco's latest project in Warsaw's business centre, is already fully leased. Companies that have already started working in the office building include Reckitt, an international consumer goods company, and MDDP Outsourcing.
Retail & leisure
San Park Piaseczno, a retail park developed by Ed San III Sancak, has been officially opened. The complex offers a total of more than 40 shops and service outlets.
ESG
The Imagine office complex in Łódź has received the global WiredScore certification, which is awarded to buildings that are technologically advanced in digital connectivity, telecommunications quality, and contingency planning.
Warehouse & industrial
MLP Group has signed a long-term lease agreement with a Chinese manufacturer of automotive parts, which, as part of its global nearshoring strategy, will lease 23,000 sqm of warehouse and office space at the MLP Poznań West logistics centre.
Investment & finance
KGAL has acquired the ViE office building in the Austrian capital with a total rental area of 14,100 sqm for one of its property funds. The seller is CA Immobilien Anlagen AG. The building in a central location in Vienna is fully let.
Office & mixed-use development
Liberty, a mixed-use complex located in Budapest, has reached its final stage. The second phase of the project comprises a total of 20,000 sqm of office space.
Construction
Strabag Romania has been selected by the developer and investor PPF Real Estate as the general contractor for the construction of its new office property, The Arc. The investment will bring a ten-story, class A office building to the 6th District of Bucharest.
Siemens Healthineers has expanded its cooperation regarding office space lease with Deka Immobilien, the owner of the International Business Center complex in Warsaw.
According to data from the Cushman & Wakefield Echinox, the net office take-up in Bucharest across Q2 exceeded the renewal and renegociation transactional volume for the first time during the last two years, with a positive impact on the average vacancy rate, given that no new office projects were delivered in H1.
Vibe, Ghelamco's latest project in Warsaw's business centre, is already fully leased. Companies that have already started working in the office building include Reckitt, an international consumer goods company, and MDDP Outsourcing.
Liberty, a mixed-use complex located in Budapest, has reached its final stage. The second phase of the project comprises a total of 20,000 sqm of office space.
Savills is moving its headquarters as of March 2025, to new office space within the Masaryčka project in the centre of Prague. Additional 50 pct floor space will give it the foundation to expand its headcount towards 100 employees over the next phase of the business.
Vastint Latvia has received building permits for the construction of 4th and 5th phases of Magdelēnas kvartāls in Riga. The 4th phase is expected to be completed early next year.
Knight Frank has chosen the Vibe office building in Warsaw’s Wola district as its new Polish headquarters. The consultancy has leased almost 1,000 sqm on the 9th floor of the Ghelamco project.
According to the regular quarterly office property market survey published by Colliers, Prague's office market grew by four attractive, new buildings in Q2, offering nearly 44,000 sqm of modern class A office space. Even though a large part of these properties found tenants before completion, the overall vacancy rate has slightly increased.
Doraco has leased 1,000 sqm in Warsaw's Nowy Saski Crescent office building. The company will move into the building owned by CA Immo later this year.
At the end of Q2 2024, more than 40 pct of offices in the oldest office buildings in Poland’s regional cities remained vacant, with their office markets experiencing stable vacancy rates and subdued development activity, reveals BNP Paribas Real Estate Poland in its latest report “At a Glance – Regional City Office Markets Q2 2024”.
Seargin, an international technology and consulting company, has extended its contract and leased over 1,900 sqm of space in the Garnizon Hiro office building in Gdańsk. The company has doubled the space it previously occupied.
More companies have decided to extend their leases in the Diuna office complex. Colgate and Lux Med, which has additionally expanded its operations with a mental health clinic, remain in Warsaw's Służewiec district.
One United Properties has started work in Bucharest on the One Technology District – a built-to-suit semiconductor R&D centre for German company Infineon Technologies.
Swiss scientific journal publisher MDPI has leased 1,725 sqm of office space in building A of the Podium Park building in Kraków, which is owned and managed by Globalworth Poland.
Cushman & Wakefield has summarized the H1 of 2024 on the Polish office market. The demand shows signs of stabilization amid muted development activity which is likely to continue until the end of 2026.
PKO Bank Polski has renewed its lease of 6,000 sqm of office space in the Waterfront mixed-use complex in Gdynia, which is being developed by Vastint Poland.
The modern space provided by Puzzle Office, an operator of serviced offices at Norblin Factory, has been chosen as the headquarters for four tech companies – Rits Professional Services, Farada Group, Persooa, and Content Compass.
Invesco Real Estate, the global real estate investment arm of Invesco Ltd with USD 90 bln in assets under management, has announced the full occupancy of Woodworks in Munich ahead of completion.
Porsche has leased 1,000 sqm in the Vibe office building in Warsaw’s Wola business district for its Polish headquarters.
According to the report 'Office market in Warsaw in H1 2024', presented by Axi Immo, development activity is slowly returning to pre-pandemic levels, with 280,000 sqm under construction at the end of June.
In Winogrady district of Poznań, the construction of the Aura residential building, designed by Robert Konieczny's office KWK Promes, has begun. The f ...
Strabag Romania has been selected by the developer and investor PPF Real Estate as the general contractor for the construction of its new office prope ...
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
Panattoni BTS and Commercecon together support the establishment of the second Centaurus Foundation centre in Poland to help horses and other animals.
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 ...
The Imagine office complex in Łódź has received the global WiredScore certification, which is awarded to buildings that are technologically advanced i ...
The Eurobuild Awards Gala, the premier event for the region’s real estate market, is to take place this year on November 26th at the DoubleTree by Hil ...
Since August 1st, some important changes have taken place in Eurobuild's editorial team. Nathan North and Anna Korólczyk Lewandowska have expanded the ...
Welcome to the really hot episode of Eurobuild FM! Our editorial team visited the construction site of The Form, a unique office building, which is be ...
The 13th JLL Real Estate Beach Volleyball Charity Tournament, which took place earlier this month, has raised over PLN 800,000 to build the third Rona ...
After a long break, we invite you to hot episode of the "Eye to eye" podcast! Today we talk with Władysław Grochowski, the head and founder of Arche.
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 ...
According to data from Cushman & Wakefield, the Bucharest hotel market is experiencing the highest supply growth among the CEE capitals between 2024 a ...
Jarosław Szanajca plans to resign from the position of president of the management board of Dom Development at the end of the year and join the superv ...
Beyond.pl, a data centre, cloud, and managed services provider and owner of data centres in Poland, is expanding its colocation project for AI, machin ...
Designers from Colliers, under the supervision of architect Kateřina Štenclova, prepared the concept for the Mercedes-Benz headquarters in Prague. The ...
Garbe, in a joint venture with a fund managed by BlackRock, has acquired a brownfield site of almost 200,000 sqm in Salzgitter, Lower Saxony. The join ...
CTP has expanded its Polish land bank by nearly half a million sqm. The company has purchased investment land in four locations that provide the oppor ...
Last week, Nordbygg, Northern Europe’s biggest trade fair for professionals in construction and real estate industry, took place at Stockholmsmässan i ...
Siemens Healthineers has expanded its cooperation regarding office space lease with Deka Immobilien, the owner of the International Business Center co ...
Cushman & Wakefield has been appointed property manager of the Vibe office building. Ghelamco’s latest development delivered 15,000 sqm to the Warsaw ...
The most famous palm tree in Poland will be owned by the Museum of Modern Art. One of Warsaw's best-loved art installations will soon undergo a major ...
Preparations are underway for the expansion of the Port Praski project. A housing estate and an attractive public space are planned along the quays of ...
Newgate Investment has acquired a completed retail park in Zgorzelec with over 5,400 sqm GLA. The seller was Smart Park Poland.
The Symbiosy smart building platform developed in-house by Slovakian developer HB Reavis has been acquired by Massachusetts-based real estate experien ...
Panattoni is planning to extend its operations to all three Baltic states but is to concentrate particularly on Lithuania. As part of the new strategy ...
Will cheaper money in the eurozone stimulate the transaction market?
Will cheaper money in the eurozone stimulate the transaction market?
Walter Herz
Polish real estate market is witnessing the first major investment transactions. The second half of the year will show whether a potential further interest rate cut in the eurozone ...
Is the Polish commercial property market still attractive for German investors?
Is the Polish commercial property market still attractive for German investors?
Szymon Mojzesowicz, CEO Lege Advisors
Despite the difficult situation on the European market due to many unexpected events, Germany is still one of the largest foreign investors in Poland. In recent decades, German com ...
An open door to redefining the commercial real estate market in Poland
An open door to redefining the commercial real estate market in Poland
Walter Herz
The investment slowdown in the commercial real estate sector that we have been observing in Poland for over a year is primarily the result of the tightening of monetary policy arou ...