Europe How W.P. Carey proposes to unlock capital

Investment & finance
We talk with W. P. Carey, the US-based sale and leaseback specialist and Christopher Mertlitz, the company’s Head of European Investments, explains the company’s strategy in Poland and why he believes ample opportunities for this kind of financing still exist.
The last W.P. Carey investment I heard about was the purchase of a triple-leaseback portfolio of Zabka convenience stores, but I know that most of your deals do not make the headlines. How much do you currently have invested in Poland? W.P. Carey is one of the largest net lease REITs, with over 1,400 properties across the United States and Europe. Since our first transaction in the region in 2006, our total investment volume in Central Eastern Europe (CEE) has grown to over EUR 1.3 bln. Out of
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Latest news

Human resources

Poland Five new board members at JLL

schedule 27 June 2025
Opr./edited by AH

Five new members are joining JLL's management board, and will take on their new roles from the beginning of July.

Warehouse & industrial

Poland Work begins on Westside Szczecin Neo by LemonTree

schedule 27 June 2025
Opr./edited by AH

LemonTree has launched Westside Szczecin Neo by LemonTree, its second project in Szczecin. The centre will provide 34,000 sqm of warehouse and office space. Around half has already been leased.

Retail & leisure

Poland M Park opens in Ropczyce

schedule 27 June 2025
Opr./edited by AH

M Core subsidiary LCP Poland has officially opened M Park Ropczyce 35 km from Rzeszów.

Office & mixed-use development

Romania Equilibrium 2 awarded WiredScore Platinum certification

schedule 27 June 2025
Opr./edited by AH

Skanska’s Equilibrium 2 building in Bucharest has been awarded the highest-level WiredScore certification for an operational building.

Warehouse & industrial

Romania eLog comes to CTPark Bucharest North

schedule 27 June 2025
Opr./edited by AH

eLog, a Balkan-based provider of reusable transport packaging systems for the retail sector, has leased 4,000 sqm of modern warehouse and office space in CTPark Bucharest North.

Residential

Poland Noli Studios Gdansk Old Town unveiled

schedule 27 June 2025
Opr./edited by AH

Noli Studios is to open its latest project in the Tricity in July. The Czerwone Koszary barracks has been transformed into a PRS project with hotel services.

Investment & finance

Poland Sale and leaseback for Cavatina Hall

schedule 27 June 2025
Opr./edited by AH

Cavatina Holding has signed a sale and leaseback agreement with BPS Leasing for over EUR 22 mln for the Cavatina Hall, building A in Bielsko-Biała.

Office & mixed-use development

Poland PZU stays in Konstruktorska

schedule 26 June 2025
Opr./edited by AH

Three subsidiaries of PZU Group, one of the largest financial institutions in the CEE region, have extended their leases in Konstruktorska Business Center in Warsaw for another 10 years.

Warehouse & industrial

Poland Warehouse market slows

schedule 26 June 2025
Opr./edited by AH

Total take-up reached 1.11 mln sqm, up 16 pct year-on-year according to the ‘At A Glance: Industrial and Logistics Market in Poland, Q1 2025’ report by BNP Paribas Real Estate Poland.

Retail & leisure

Czech Republic Sixteen brands enter the market

schedule 26 June 2025
Opr./edited by AH

Sixteen brands entered the Czech retail market in the first six months of this year.

Warehouse & industrial

Poland Avides comes to Panattoni Park Lublin II

schedule 25 June 2025
Opr./edited by AH

Avides, a leading European distributor of remarketed goods, has leased over 16,000 sqm of modern warehouse space at Panattoni Park Lublin II.

Investment & finance

Hungary Budapest Marriott sold

schedule 25 June 2025
Opr./edited by AH

The Budapest Marriott Hotel has changed hands with CPI Europe selling the hotel in open tender to BDPST Group and Diorit Private Equity Fund managed by Gránit Asset Management.

Warehouse & industrial

Poland Paul Schockemöhle doubles up in Opole

schedule 25 June 2025
Opr./edited by AH

Paul Schockemöhle Logistics Polska has extended its current lease and simultaneously doubled its area in Opole.

Warehouse & industrial

Czech Republic CTP builds a two-storey facility

schedule 25 June 2025
Opr./edited by AH

CTP has begun construction on the first two-storey industrial & logistics building în the Czech Republic în CTPark Brno Líšeň.

Office & mixed-use development

Europe Office sizes growing

schedule 25 June 2025
Opr./edited by AH

Around 40 pct of office building occupiers require employees to work from the office 2 or 3 days per week, while 1 in 8 tenants is planning to expand its office footprint. These are among the key findings of the “What Occupiers Want 2025” report, based on a global survey conducted by the Cushman & Wakefield real estate consultancy company.

Office & mixed-use development

Poland Ikea opens up its showroom

schedule 24 June 2025
Opr./edited by AH

Ikea has now opened its showroom in the .KTW complex.

Retail & leisure

Poland Karuzela to grow

schedule 24 June 2025
Opr./edited by AH

A major expansion is planned for the Karuzela retail park in Lubliniec.

Warehouse & industrial

Poland HSNF stays with Prologis

schedule 24 June 2025
Opr./edited by AH

Online cosmetics retailer HSNF has renewed its 2,300 sqm lease of warehouse and office space in Prologis Park Poznań I.

Investment & finance

Poland City2 sold

schedule 24 June 2025
Opr./edited by AH

Archicom has sold the City 2 office building in Wrocław for EUR 31 mln to an undisclosed Polish investor.

Exclusive
Exclusive

Poland Demand for PBSA continues to accelerate

schedule 24 June 2025
Anna Zamyłka

We’ve asked Susanna Graziano, the business development manager of ASK4, who is actively engaged in the evolving Polish PBSA and flex-living markets, to share her insights on the Polish market. ASK4 is the general partner of the Bonard Poland Property Tour.  

Latest in Investment & finance

schedule 27 June 2025

Sale and leaseback for Cavatina Hall

Cavatina Holding has signed a sale and leaseback agreement with BPS Leasing for over EUR 22 mln for the Cavatina Hall, building A in Bielsko-Biała.

schedule 25 June 2025

Budapest Marriott sold

The Budapest Marriott Hotel has changed hands with CPI Europe selling the hotel in open tender to BDPST Group and Diorit Private Equity Fund managed by Gránit Asset Management.

schedule 24 June 2025

City2 sold

Archicom has sold the City 2 office building in Wrocław for EUR 31 mln to an undisclosed Polish investor.

schedule 23 June 2025

Strong start to 2025 for investment

Despite ongoing geopolitical tensions and global trade uncertainties, Poland’s commercial real estate market saw a notable rebound in investment activity in early 2025. Transactions totalled EUR 686 mln in the first quarter, representing a 64 pct year-on-year increase, according to BNP Paribas Real Estate Poland in its latest report ‘Review: Investment Market in Poland, Q1 2025’.

schedule 17 June 2025

Erste lends Panattoni EUR 10.2 mln

Panattoni has secured financing for the construction of the third and final building in Panattoni Park Warsaw West. The EUR 10.2 mln loan was granted by Erste Group Bank AG.

schedule 16 June 2025

My Park enters Poland

Czech-based developer and investor My Park is entering Poland and has acquired ten retail parks from BHM Group.

schedule 16 June 2025

EUR 1.1 bln transacted in first four months

The first months of 2025 have brought a wave of activity to the commercial real estate market in Poland – a total of twelve transactions were recorded within just the first two months of the year, according to figures from Avison Young. The assets involved represented all major sectors of the market.

schedule 16 June 2025

Peakside sells Arkadia

Peakside Capital together with Generali Investments Slovenia have agreed to sell the Arkadia retail park in Domžale, northeast of Ljubljana.

schedule 13 June 2025

Nrep acquires Gdańsk co-living centre

Scandinavian investor Nrep has acquired its third co-living centre in Gdańsk: Noli Gdańsk Old Town. The building, at ul. Łąkowa 59, was developed by Moderna Holding through the conversion of the historic Czerwone Koszary barracks and now becomes part of the Noli Studios portfolio.

schedule 12 June 2025

Peakside and Octane buy two logistics parks

Peakside and Octane Capital Partners have finalised the acquisition of two urban logistics parks from Panattoni: Panattoni Park Warsaw Janki IV with around 13,000 sqm gla, and Panattoni Park Warsaw City V (Targówek) with around 11,000 sqm.

schedule 09 June 2025

Lighthouse sold

Octava Property Trust has sold the Lighthouse office building in Warsaw to a Polish-based investor.

schedule 04 June 2025

PKO grants Panattoni EUR 24 mln

Panattoni has secured EUR 24 mln in financing from PKO Bank Polski to develop the second stage of its Panattoni Park Zgierz II project near Łódź.

schedule 04 June 2025

CA Immo reveals growth strategy

Following the sale of Sawa Business Center in Belgrade IP West in Budapest and now the sale of the Visionary building in Prague, we question the CEO of CA Immo, Keegan Viscius on the company’s current investment strategy.

schedule 03 June 2025

Visionary sold

CA Immo has sold the 25,500 sqm Visionary office building in Prague.

schedule 21 May 2025

Q1 investment volume already beats previous year

Total real estate investment volume in the Czech Republic topped EUR 1.48 bln, which is already higher than the full-year 2023 results of EUR 1.15 bln.

schedule 19 May 2025

EBRD provides EUR 80 mln guarantee to BNP Paribas

The European Bank for Reconstruction and Development is extending an EUR 80 mln portfolio risk-sharing guarantee to BNP Paribas Bank Polska to increase access to green finance in Poland.

schedule 15 May 2025

IP West sold

CA Immo has completed the sale of the IP West office building in Budapest. CBRE and Cerha Hempel Rechtsanwälte advised on the sale.

schedule 14 May 2025

Silverton sells twice

Silverton Asset Solutions, in its capacity as asset manager, has sold two properties from a portfolio in North Rhine-Westphalia. The parties have agreed not to disclose the purchase price.

schedule 13 May 2025

CEE Commercial Real Estate Rebound Continues

Investment volumes rose 143 pct year-over-year, building on a 70 pct increase in 2024, states Colliers in its latest report.

schedule 12 May 2025

Syrena buys Zaułek Piękna

Syrena Real Estate, a Polish commercial real estate investment company, has acquired the Zaułek Piękna office building în Warsaw. The purchase was co-financed by mBank.

Read flipbook version

Edition 6 (299) June 2025

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