Investment & finance
European Real Estate Fund has commenced its deployment programme with the acquisition of a logistics portfolio in Poland. Three multi-tenanted properties will form the initial investment in a EUR 300 million joint venture with White Star Real Estate.
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.
Newgate Investment has acquired a completed retail park in Zgorzelec with over 5,400 sqm GLA. The seller was Smart Park Poland.
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.
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.
According to data from the Cushman & Wakefield Echinox, retail projects totalling more than 87,000 sqm were delivered throughout H1 2024, corresponding to a sharp increase when compared with the 30,000 sqm new supply from the same period of 2023. This year’s evolution was mainly fuelled by Q2 completions.
San Park Piaseczno, the largest retail park currently under construction in the Mazovia voivodship, will open on 4 September. The retail park, offering a total of nearly 40 shops of brands from many sectors, was fully commercialised a few weeks before the opening.
The Big Gorzów retail park opened a month ahead of schedule. The park was built on an 8 ha site in the north-eastern part of Gorzów Wielkopolski. It will serve 160,000 buyers from the city and the region. On the day of the opening, around 10,000 visitors had visited by 2 pm.
According to Colliers "Luxury Retail Brands in CEE-6” report, key factors attracting luxury brands to Central and Eastern Europe include local wealth, the growing desire among customers for a Western standard of living, and the potential of cities to attract large numbers of tourists and visitors.
Mitiska REIM has announced on behalf of the Merep 3 fund a joint venture partnership with Park Lane Developments to develop retail parks in Bulgaria.
Twenty brands debuted on the Czech retail market between January and the end of June, the highest ever recorded in the first six months of a year. The biggest categories were Health and Beauty and F&B. All but one of the new brands opened in Prague, the other setting up shop in an outlet centre in the Moravian town of Hatě.
Cushman & Wakefield has summarised the situation on the Polish retail market in Q2 2024. There were eight new retail completions with the development pipeline comprising app. 400,000 sqm. This indicates healthy supply levels amid unwavering occupier demand and strong retail sales, shopping centre footfall and turnover figures.
One United Properties announced the lease of a retail space with a GLA of 3,600 sqm on the ground floor of One Gallery building, including terraces and storage spaces. The contract has been signed with Tomcat Hospitality.
Romanians spent EUR 36 bln in large retail chains, an amount 11 pct higher compared with 2022, out of which the FMCG spending accounted for EUR 22.5 bln (more than 60 pct share), according to the Romania Retail Snapshot 2024 performed by the Cushman & Wakefield Echinox, based on the financial results of 116 companies from 12 different retail segments.
Romanians spent EUR 63 mln in cinemas last year, an amount 25 pct higher compared with 2022, as ticket prices also recorded a 8.2 pct y-o-y increase, according to the data offered by the Romanian Film Center and analyzed by the Cushman & Wakefield Echinox.
CBRE Romania has announced its exclusive involvement in the leasing strategy of H Știrbei Palace, a historical monument located in the heart of Bucharest. After the completion of the renovation works, Știrbei Palace aims to become a landmark shopping gallery for luxury brands in South-Eastern Europe.
Mitiska REIM has announced the opening of a new retail park in Jastrzębie Zdrój, a city of 90,000 inhabitants in southern Poland. Developed in partnership with Karuzela Holding and owned in joint-venture with the FRI 2 fund, this latest opening is the third retail park development opened in Poland by Mitiska REIM and Karuzela Holding in the past nine months.
The Żabka Group has opened its first shops in Romania. Over the past month, five outlets under the Froo banner have opened in Bucharest.
Norblin Factory has a new event space. The Event Hall is a 670 sqm area outfitted in an industrial style, designed for events up to 500 guests.
Leroy Merlin has leased a 9,000 sqm of space within Pitesti Shopping Park, developed by Square 7 Properties. The logistics park, with a leasable area of 22,000 sqm, is located in the northern part of Pitesti, in the Gavana area.
In Warsaw's Norblin Factory, the only stationary Answear.com concept store in Europe started its activity. On the area of 2,000 sqm, the customers will find an offer of premium fashion brands, which so far were available only online.
The Cepelia pavilion at the junction of Al. Jerozolimskie and ul. Marszałkowska in Warsaw is undergoing renovation. A three-storey Empik store with a total area of 1,300 sqm will open in the building.
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 ...
European Real Estate Fund has commenced its deployment programme with the acquisition of a logistics portfolio in Poland. Three multi-tenanted propert ...
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 ...