Europe ECE capital injection

Investment & finance
ECE Real Estate Partners is expanding its investment activities and has raised further circa EUR 100 mln of capital for its ECE Progressive Income Growth Fund that invests in high quality shopping centres in Europe and holds a portfolio of seven centres with a total market value of more than EUR 2.2 bln.
This latest capital raise follows raising circa EUR 150 mln for the EPIG Fund in 2022 and 2023 and investing in the PEP shopping centre in Munich in March 2023 jointly with the Generali insurance group. The further capital is intended for acquiring additional assets and for investing in the fund’s existing portfolio. Leading institutional investors participating in the capital raise include Blue Sky Group, KLP and clients of Townsend Group. The EPIG Fund has achieved outstanding operational
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Latest news

Retail & leisure

Poland Bricomarché opens new store in Włoszczowa

schedule 09 October 2026
Opr./edited by AH

Bricomarché opened a new store in Włoszczowa, Poland, on 7 October. Located at 47 Czarnieckiego Street, the store offers around 23,000 products for home and garden and has created 20 jobs.

Sponsored article

Poland The FORM builds on proven performance at Rondo Daszyńskiego

schedule 09 September 2026

With occupier demand increasingly focused on prime, well-located buildings, Warsaw’s office market is becoming more selective. Around Rondo Daszyńskiego, one of the city’s most established business locations, this trend is particularly visible. The FORM is among the office assets benefiting from this shift: since opening in early 2025, it has become fully leased, attracted a diversified mix of public- and private-sector occupiers, and demonstrated substantial day-to-day use. Its performance to date, combined with the continued evolution of the surrounding district, reinforces its position as a trophy office asset.

Office & mixed-use development

Polska Knight Frank to lease VINCI Office Center in Kraków

schedule 09 October 2026
Opr./edited by AH

Knight Frank has been appointed exclusive leasing agent for VINCI Office Center at 100 Opolska Street in Kraków. The building, owned by Sharow Capital, offers around 21,000 sqm of office space.

Warehouse & industrial

Polska Zalando rolls out AI-powered returns

schedule 09 October 2026
Opr./edited by AH

Sereact, Zalando and CEVA Logistics have introduced AI-powered robots to process returns at logistics centres in Świebodzin, Poland, and Greven, Germany. The robots identify, pick up and sort returned fashion items, taking over repetitive tasks and easing the physical workload for warehouse staff.

Warehouse & industrial

Polska Hillwood expands Grodzisk Mazowiecki park

schedule 09 October 2026
Opr./edited by AH

Hillwood Polska has started construction of a second warehouse at its logistics park in Chlebnia, near Warsaw. The new building will offer more than 36,000 sqm of warehouse and office space, bringing the park’s total area to nearly 88,000 sqm once all phases are complete.

Warehouse & industrial

Poland Danfoss opens factory near Gdańsk

schedule 09 October 2026
Opr./edited by AH

Danfoss has opened a new 22,500 sqm factory in Tuchom, near Gdańsk, expanding its manufacturing capacity in Poland to meet growing demand for energy-efficient solutions in district heating, cooling and data centres.

Investment & finance

Poland WING and Griffin seek to take Echo Investment private

schedule 09 October 2026
Opr./edited by AH

Lisala, owned by Hungarian property group WING and Griffin Capital Partners, plans to acquire the remaining 37.63 pct of Polish developer Echo Investment through a tender offer priced at PLN 5.20 per share. If successful, the transaction would give Lisala full ownership of the listed company and could pave the way for its delisting from the Warsaw Stock Exchange.

Investment & finance

Europe DWS to acquire Peakside Capital Advisors

schedule 09 October 2026
Opr./edited by AH

DWS, a global asset manager, has agreed to acquire 100 pct of Peakside Capital Advisors AG, a real estate investment manager with more than EUR 1.7 bln in assets under management across Germany and Central and Eastern Europe. The deal is expected to close by the end of 2026, subject to regulatory approvals. Financial terms were not disclosed.

Retail & leisure

Poland BIG Poland to open BIG Olkusz retail park on October 22

schedule 08 October 2026
Opr./edited by AH

BIG Poland will open BIG Olkusz retail park on October 22. The 13,500 sqm GLA project was developed in cooperation with BOIG The Blue Ocean Investment Group. Following the opening, BIG Poland will have 14 operating retail parks with a combined leasable area of approximately 271,500 sqm.

Warehouse & industrial

Poland Peakside completes construction of Hall D at City Point Targówek

schedule 08 October 2026
Opr./edited by AH

Peakside Capital Advisors has completed construction of Hall D at the City Point Targówek complex in Warsaw and secured an occupancy permit. The building offers 17,000 sqm of space and is fully leased. Construction is also underway on another SBU hall, which will provide more than 12,400 sqm of warehouse, production and service space.

Residential

Polska Yareal starts construction of apartment building in Warsaw’s Żoliborz district

schedule 08 October 2026
Opr./edited by AH

Yareal has started construction of an apartment building at ul. Mickiewicza 63 in Warsaw’s Żoliborz district. The intimate development will comprise 66 apartments, while more than one-third of the site will be occupied by a garden sheltered from the street. CFE Polska is the project’s general contractor.

Technology

Skanska implements digital access control system at Studio A

schedule 08 October 2026
Opr./edited by AH

Skanska has implemented a digital access control system at Studio A, an office building in Warsaw. The solution uses the company’s proprietary StudioApp web application and web provisioning technology, allowing users to access the building with virtual cards stored in Apple Wallet or Google Wallet without installing an additional app.

ESG

Polska A green office is more than a certificate

schedule 08 October 2026
Opr./edited by AH

More than 97 pct of newly developed office space in Poland is environmentally certified. Certification has therefore become standard, while the building’s actual environmental performance increasingly depends on how its technologies operate in day-to-day use.

Residential

Polska Murapol Rivo in Bydgoszcz receives occupancy permit

schedule 08 October 2026
Opr./edited by AH

The Murapol Rivo development on ul. Dworcowa in Bydgoszcz has received an occupancy permit. The project comprises 122 apartments in the city centre, close to the Brda River, Wyspa Młyńska and the Old Market Square. The final units, ready for handover, are now on sale.

Residential

Polska Agrobex completes first stage of Unii Lubelskiej 4

schedule 08 October 2026
Opr./edited by AH

Agrobex has completed the first stage of the Unii Lubelskiej 4 residential development in Poznań. Two buildings comprising more than 120 apartments have received occupancy permits. The development will ultimately comprise more than 250 units, with construction of the third building scheduled for completion in the second half of 2027.

Construction

Polska Dekpol Budownictwo strengthens its position in the public-sector construction market

schedule 08 October 2026
Opr./edited by AH

Public-sector construction has become one of the fastest-growing areas of Dekpol Budownictwo’s business. Over the past two years, the company has signed general contracting agreements for projects spanning culture, education, sport, public safety and social policy, with a combined value exceeding PLN 1 billion. Its portfolio includes projects across Poland as well as the construction of the new Polish Antarctic Station on King George Island.

Construction

Polska Topping-out ceremony held at new primary school in Biedrusko

schedule 08 October 2026
Opr./edited by AH

A traditional topping-out ceremony has been held at the construction site of the new primary school in Biedrusko. The project on Chludowska Street, being developed by Dekpol Budownictwo, has reached another key milestone. According to Suchy Las municipality, it is the largest educational investment in its history. The new school will accommodate up to 600 pupils.

Residential

Poland Yareal upgrades ul. Żupnicza near SOHO by Yareal in Warsaw

schedule 07 October 2026
Opr./edited by AH

Yareal has started work on ul. Żupnicza in Warsaw’s Kamionek district. The section between ul. Bliska and ul. Chodakowska will get a new road surface, renovated pavements and one-way cycle lanes on both sides of the road.

Residential

Poland Totalbud completes Mirabelki 5 residential development in Warsaw

schedule 07 October 2026
Opr./edited by AH

Totalbud has completed construction of the Mirabelki 5 residential development in Warsaw’s Białołęka district. The project on Mirabelki Street has received its occupancy permit. Totalbud acted as both developer and general contractor.

Data centres

Poland Data centres could supply more heat to Polish cities

schedule 07 October 2026
Opr./edited by AH

Poland’s growing data centre market could create a significant new source of waste heat for heating networks. According to analysis by the Polish Data Centre Association, if the market continues to expand, recovered heat from data centres could equal more than 7 pct of the heat currently supplied to Poland’s district heating networks by 2030. By 2035, that figure could reach 16 pct.

Latest in Investment & finance

schedule 09 October 2026

WING and Griffin seek to take Echo Investment private

Lisala, owned by Hungarian property group WING and Griffin Capital Partners, plans to acquire the remaining 37.63 pct of Polish developer Echo Investment through a tender offer priced at PLN 5.20 per share. If successful, the transaction would give Lisala full ownership of the listed company and could pave the way for its delisting from the Warsaw Stock Exchange.

schedule 09 October 2026

DWS to acquire Peakside Capital Advisors

DWS, a global asset manager, has agreed to acquire 100 pct of Peakside Capital Advisors AG, a real estate investment manager with more than EUR 1.7 bln in assets under management across Germany and Central and Eastern Europe. The deal is expected to close by the end of 2026, subject to regulatory approvals. Financial terms were not disclosed.

schedule 06 October 2026

LemonTree sells second stage of Booster Zabrze

LemonTree has sold the second stage of Booster Zabrze to Vestas Investment Management Europe, which acquired the first stage in February. The transaction brings the entire 109,000 sqm complex under single ownership in a deal worth more than EUR 120 mln.

schedule 05 October 2026

DL Invest Group secures EUR 95 mln from UniCredit

DL Invest Group has signed a revolving credit agreement of up to EUR 95m with UniCredit. The facility was provided directly to the group’s operating company, DL Invest Group PM S.A., and can be used for general corporate purposes and further growth.

schedule 05 October 2026

Warsaw office property sold to owner-occupier

A 2,500 sqm plot with a 1,600 sqm office building at 359 Puławska Street in Warsaw has changed hands, with Agencja Nieruchomości Locus advising on the sale.

schedule 02 October 2026

CA Immo sells IntercityHotel

CA Immo has sold the IntercityHotel Frankfurt Hauptbahnhof Süd to a fund managed by Art-Invest Real Estate. The transaction marks the sale of the last hotel in CA Immo’s portfolio.

schedule 30 September 2026

Polish investors turn to commercial property

Polish investors are increasingly putting capital into the domestic commercial property market, with logistics and warehouse facilities, smaller office buildings and hotels attracting particular interest, according to Baker McKenzie experts.

schedule 30 September 2026

Ghelamco sells Warsaw’s The Bridge to Eastnine for EUR 285 mln

Ghelamco has finalised the sale of The Bridge, its Warsaw office complex, to Swedish investment company Eastnine for EUR 285 mln. The transaction ranks among the largest completed on Poland’s commercial real estate market in recent years. Colliers and JLL advised Ghelamco on the sale.

schedule 28 September 2026

Uniqa launches EUR 600 mln fund

UNIQA Real Estate is launching a EUR 600 mln office real estate fund for third-party investors, targeting Core and Core Plus properties in Austria, Poland and the Czech Republic.

schedule 25 September 2026

Skanska to sell second stage of H2Offices in Budapest to ERSTE fund

Skanska has agreed to sell the second stage of its H₂Offices complex in Budapest to the ERSTE Open-Ended Real Estate Investment Fund, represented by ERSTE Alapkezelő Zrt. It will be the fund’s sixth office acquisition from Skanska in Hungary.

schedule 25 September 2026

AYA Properties Fund and Curtis Group acquire Chmielna 13A

A joint venture between Belgian real estate investor AYA Properties Fund and Polish family-owned Curtis Group has acquired Chmielna 13A, a fully let mixed-use property in central Warsaw, from CPI Property Group. The deal marks AYA’s third Warsaw investment, following Metron in 2024 and Sienna Center in 2026.

schedule 25 September 2026

Hillwood sells four logistics properties for EUR 150 mln

Hillwood Polska has sold a portfolio of four logistics properties for EUR 150 mln. The portfolio comprises nearly 200,000 sqm of warehouse and office space across major logistics markets in Poland.

schedule 24 September 2026

WDP expands with EUR 19 mln Krefeld acquisition

WDP has acquired a logistics property in Krefeld, North Rhine-Westphalia, for approximately EUR 19 mln, expanding its German platform through a selective value-add investment. The property comprises around 28,000 sqm of warehouse space, including an automated high-bay facility, and is fully leased to an international automotive company.

schedule 23 September 2026

Panattoni sells 150,000 sqm logistics park near Poznań

Panattoni has completed the sale of Panattoni Park Poznań A2, a 150,000 sqm logistics complex in Robakowo, near Poznań. The property is fully leased to a fashion company and serves as one of its key logistics hubs in Europe. The buyer has not been disclosed.

schedule 17 September 2026

Vilea joins Christie’s luxury property network

Vilea Property Boutique has become the exclusive Christie’s International Real Estate partner in Poland. The partnership brings the Polish firm into the global, invitation-only network specialising in luxury real estate.

schedule 17 September 2026

PGIM sells data centre development

PGIM has sold a 30-megavolt ampere (MVA) data centre development site in Unterschleissheim, Greater Munich, to a European infrastructure investor.

schedule 16 September 2026

Mint rezidenční fond buys 306 apartments in Prague

Mint rezidenční fond, which operates in the private rented sector (PRS), has bought 306 new apartments from developer Metrostav Development at the Vysočanský mlýn complex in Prague. The building has 11,500 sqm of floor space. The deal takes Mint’s total number of apartments in the complex to 547, more than half the total number of apartments in the complex.

schedule 15 September 2026

Real estate remains a key source of bank credit risk

Commercial real estate remains a significant source of credit risk for German banks, with the sector expected to maintain an elevated non-performing loan (NPL) ratio through 2027, according to the 2026 NPL Barometer from the Bundesvereinigung Kreditankauf und Servicing (BKS) and Frankfurt School of Finance & Management.

schedule 15 September 2026

Uniqa opens EUR 3 bln real estate platform to outside investors

Uniqa is opening its EUR 3 bln real estate platform to third-party investors, marking a new push into external capital after five decades of managing property for its own group.

schedule 14 September 2026

Planning reform redraws the land market

Poland’s planning reform is changing the way land is valued, according to Walter Herz. Plots covered by a local zoning plan (MPZP), a legally binding zoning decision (WZ) or with secured development potential are gaining value, while sites without a clear path to development are becoming increasingly risky. As a result, planning risk is emerging as a key factor in land values, with investors increasingly willing to pay for greater certainty over the development process.

Read flipbook version

Edition 10 (310) October 2026

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