Poland What is driving the spate of lease renewals

Exclusive

16 January 2026

Exclusive

Marek Ciunowicz, founder and CEO of Corees Polska

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In recent quarters, a cautious attitude among tenants has become increasingly evident in the commercial real estate market. As Marek Ciunowicz, founder and CEO of Corees Polska, notes, changes in work patterns, rising operating costs, and limited space availability are forcing companies to consider offices in a different decision-making cycle than before the pandemic

We are seeing that tenants are more often than before forgoing relocations and focusing on negotiations with their current landlords. What is driving the rise of lease renewals? Marek Ciunowicz: In recent years, the costs of office fit-outs and modernisations have risen significantly – not only due to more expensive materials and labour, but also to the increasingly advanced technical standards that modern commercial spaces must meet. Relocation is no longer a simple change of address; it is

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Latest news

Human resources

Poland Ghelamco reshuffles management team in Poland

Opr./edited by AH

Agnieszka Ciupak has been appointed managing director of Ghelamco in Poland. She joins Przemysław Dąbrowski, Jakub Kutzmann and Krzysztof Gozdecki as part of the company’s new management team.

Public buildings

Czech Republic Construction begins on emergency care unit at Prague’s Thomayer University Hospital

Opr./edited by AH

Construction has begun on a new emergency care unit at Thomayer University Hospital in Prague, officially launched by Prime Minister Andrej Babiš and Health Minister Adam Vojtěch. The CZK 2.2 billion project is one of the hospital’s largest investments and forms part of the Czech government’s strategic healthcare infrastructure programme.

Office & mixed-use development

Poland Drutex to invest PLN 30 mln in headquarters expansion

Opr./edited by AH

Drutex has begun the second phase of an expansion of its headquarters in Bytów, northern Poland. The PLN 30 mln project will refurbish its existing office building and connect it to the rest of the complex, which was completed last year. Allcon has been appointed as the general contractor.

Warehouse & industrial

Poland Poland’s warehouse market looks beyond space

Opr./edited by AH

Poland’s modern warehouse and industrial stock has reached 37.44 mln sqm. Demand rose by 47 pct year on year in the first quarter of 2026. At the same time, companies are raising their expectations of what such facilities should offer. Floor space and location remain important, but so do flexibility, automation and the potential for future expansion.

Retail & leisure

Poland Retail investment picks up

Opr./edited by AH

Poland’s retail property market saw a clear revival in the first half of 2026. Transaction volumes topped EUR 1 bln, surpassing the total recorded for the whole of 2025. Retail accounted for around one-third of all commercial real estate investment.

Retail & leisure

Poland Power Park Kielce rebrands as BIG Kielce

Opr./edited by AH

Power Park Kielce is being rebranded as BIG Kielce. From August 22nd, the retail park on ul. Radomska will operate under the BIG brand. BIG Poland acquired the property in April.

Poland SGI completes penultimate stage of Łopuszańska 47

Opr./edited by AH

SGI has completed the penultimate building at its Łopuszańska 47 residential development in Warsaw’s Włochy district. Handover of the 87 apartments has now begun. Launched in 2022, the development will eventually comprise four buildings with more than 400 apartments.

Warehouse & industrial

Romania Chorus enters CTPark Bucharest North

Opr./edited by AH

Electrical engineering firm Chorus Research Engineering Distribution has leased nearly 10,000 sqm of warehouse space at CTPark Bucharest North.

Poland Polish housing market slows as projects put on hold

Opr./edited by AH

Poland’s residential construction market is slowing, with 936 projects put on hold over the past year. Yet investors continue to prepare new projects, with activity in planning and design on the rise. According to Kompas Inwestycji, 1,219 projects reached the foundation stage or moved into construction between August 2025 and July 2026.

Poland Resi4Rent completes 620-unit PRS development in Wrocław

Opr./edited by AH

Resi4Rent has completed a 620-unit PRS development at ul. Bardzka in south-eastern Wrocław. The development is located between the Huby and Tarnogaj districts.

Poland Atal adds 31 apartments to the Kraków residential market

Opr./edited by AH

Atal has added 31 apartments to the Kraków residential market as part of its Zakole Wisły II project. The development is located near ul. Nowohucka. Prices range from PLN 14,100 to PLN 16,900 per sqm before interior finishing.

Warehouse & industrial

Poland 7R signs 6,500 sqm lease with Berner Polska in Kraków

Opr./edited by AH

7R has signed a long-term lease with Berner Polska for nearly 6,500 sqm at its 7R Hub Nowa Huta logistics and technology development in Kraków.

Warehouse & industrial

Poland Warehouse Market Tightens

Opr./edited by AH

Poland’s industrial and logistics market entered the second half of 2026 with demand rising and available space continuing to shrink. According to Cushman & Wakefield’s latest MarketBeat report, the vacancy rate fell to 6.6 pct in the second quarter, its lowest level since 2023. Tenants remained active in signing new leases during the first half of the year, while developers continued to take a cautious approach. The value of investment transactions in the logistics sector was also 13 pct higher than a year earlier.

Warehouse & industrial

Poland Reino IO Piotrków BTS completed

Opr./edited by AH

Reino IO Logistics has completed Reino IO Piotrków BTS, a nearly 27,000 sqm cross-dock logistics centre in Piotrków Trybunalski, central Poland. The investor is the Polish Logistics platform, managed by Reino IO Logistics, while Kajima Poland was responsible for the design and general construction under a design-and-build contract.

Investment & finance

Poland Retail takes a third of Q2 investment

Opr./edited by AH

Retail accounted for 36 pct of total commercial real estate investment in both Poland and Italy in Q2 2026, the highest share among the eight European markets reviewed in the latest Focus Estate Fund ‘Quarterly Litmus Paper’. The report points to sustained investor demand for retail parks and food-anchored assets, supported by low vacancy, resilient consumer spending and a constrained supply of high-quality space.

Romania Planning Code Set to Change Real Estate Market

Opr./edited by AH

The Territorial Planning, Urbanism and Construction Code (CATUC) is expected to have a significant impact on Romania’s real estate market. Two measures are likely to be particularly important: tighter limits on how much can be built on a site and a new infrastructure payment, the cost of which has yet to be determined, according to Crosspoint Real Estate.

Office & mixed-use development

Poland WSP takes 1,100 sqm at Skyliner II

Opr./edited by AH

WSP Polska, a global engineering and consulting firm, has signed a lease with Karimpol Polska for 1,100 sqm of office space on the 12th floor of Skyliner II. The office will house WSP’s engineers and consultants specialising in building services, infrastructure, environmental services and sustainability.

Investment & finance

Poland Lett takes Gdańsk PRS portfolio to 646 units

Opr./edited by AH

Cavare by Cavatina will develop a 310-unit PRS project in Gdańsk for Urban Partners’ Lett platform. Once completed, Palio D1 will operate as Lett Stocznia, bringing Lett’s portfolio at the Palio complex to 646 units.

Warehouse & industrial

Poland Poland’s Logistics Investment Market Posts Strong First Half

Opr./edited by AH

Poland’s industrial and logistics investment market recorded EUR 782 mln in transactions in the first half of the year, across 18 deals. This was 36 pct above the five-year average and the sector’s third-highest first-half investment volume on record, after 2020 and 2021. The strong showing was driven by more than a return of large deals, however. Investors are increasingly prioritising long-term, predictable income, while sale-and-leaseback transactions are becoming an increasingly important way of bringing assets to market.

Office & mixed-use development

Poland Warsaw and Regional Office Markets Diverge

Opr./edited by AH

Warsaw and Poland’s regional office markets are increasingly moving in different directions. In the capital, strong demand and limited availability of prime space are leaving tenants with fewer options, while greater availability in the regional cities gives companies more freedom to relocate.

Latest in Exclusive

The man from NASA

Czechia stands out as the CEE country with the largest volume of domestic capital invested across the region itself. Now, NASA Capital has entered Poland with a new investment fund for Polish investors – and it has just made its market debut with the acquisition of Jerozolimskie Business Park in Warsaw. And that’s why EurobuildCEE spoke to the man at the centre of the deal, Marc Safari, the chief operating officer of NASA Capital, about how the company plans to build its Polish portfolio from here.

Strengthening our presence – Wolfgang Molnar of Erste Group Bank

At the beginning of this year, Erste Group, which was already very active in the real estate financing market in Poland and the CEE region, acquired a controlling stake in another significant lender – Santander Bank Polska. And it continues to make the headlines with a series of major deals. In our latest exclusive interview, we spoke to Wolfgang Molnar, the parent account manager for real estate finance and executive director of Erste Group Bank, about why he has such faith in our region’s real markets.

Experienced and out-of-the-box – Josef Malíř of SCF

Star Capital Finance (SCF) has been in the news again recently with the EUR 110 mln acquisition in a joint venture of a portfolio of six Polish retail parks. This followed the purchase of the Jantar shopping centre in Słupsk earlier this year and its entry into the Romanian market. In 2024, it made an even bigger splash with the EUR 285 mln deal for six Polish shopping centres – which was voted CEE Transaction of the Year at the Eurobuild Awards. So, we spoke to the CEO of the Prague-based investor, Josef Malíř, about SCF’s approach to the ever-changing retail sector.

The Bridge to future expansion – Kestutis Sasnauskas of Eastnine

Eastnine has just followed up its EUR 280 mln acquisition of the Warsaw Unit at the end of 2024 with the equally sensational EUR 300 mln transaction for The Bridge. Why is the Swedish company putting such faith in the Warsaw office market in such a big way? And what is it planning to do next? In our latest exclusive interview, EurobuildCEE asked the man behind the deal, Kestutis Sasnauskas, the CEO of Eastnine, for the answers...

A most understanding partner – Philipp Schomberg of Kingstone RE

Munich-based investment management platform Kingstone Real Estate has been in the news in the last few days due to the headline-grabbing EUR 150 mln acquisition of the Olivia Star office tower in Gdańsk by Strabag. It has also partnered with other international players for their activities on the Polish market. And so, hot on the heels of the Olivia Star deal, we caught up with Philipp Schomberg, the co-founder and Poland CEO of Kingstone RE to find out more about the company and its plans.

Quality investment – Sofia Granlund, the CEO of Stena Real Estate

Swedish property company Stena Real Estate has been active in Poland's main office markets for several years now, during which time it has acquired the High5Ive 1, 2 and 3 buildings in Kraków, Centrum Południe in Wrocław, and Studio B in Warsaw. Now it has added Studio A to its portfolio. So, we spoke to Sofia Granlund, the CEO of Stena Real Estate – and asked her why her company has taken such a shine to the Polish office scene.

A statement deal – Tomasz Nowakowski of Lewandpol Group

A few weeks ago, Lewandpol Group hit the headlines with its EUR 107 mln acquisition of the 19,300 sqm Central Point office building in Warsaw city centre from Immobel, marking its entry into the office sector. Does this also mean that the company, which has previously built its reputation by developing solar farms, now intends to become a major player on the Polish commercial real estate scene? We asked Tomasz Nowakowski, the director of real estate at Lewandpol Group for the answers...

Bringing people together

We take the opportunity to talk with Jacek Kostrzewski, the managing director of engineering consultancy Gleeds, to find out how his passion for sport drives his approach to business and how Gleeds views the current shape of the market.

Laying the groundwork for success

Monting Development, a company set up by Danilo Djurović and Poland’s most famous footballer Robert Lewandowski, has hit the headlines recently (as well as our own front cover back in December), with the launch of a number of prominent residential projects in Warsaw and Gdańsk. Now, Jarosław Fiutowski has joined the developer as COO. So, in our latest exclusive interview, we spoke to him about what he will be bringing to the developer and what he hopes to achieve

The French connection

With the opening of Data4’s second data centre in Jawczyce just outside Warsaw, we took the opportunity to catch up with Olivier Micheli, the president and CEO of Data4 to quiz him on his plans for Poland and the region.

Compelling reasons to invest in Polish offices

French investor Arkéa REIM hit the headlines recently with its acquisition, through the SCPI Transitions Europe fund it manages, of the Brain Park A office building in Kraków. This followed the 2024 purchase of Lastadia Office in Szczecin by the fund. So, in our latest exclusive interview, we spoke to the company's CEO, Yann Videcoq, about why he feels so confident about these particular properties and the office markets in Poland’s regional cities.

23 February 2026

Our plans are ambitious

Recently, Martin Ohly was appointed to the newly created position of head of Germany at 7R, so what better opportunity could there be to find out about what the Polish warehouse developer plans for the German market?

18 February 2026

Our plans are ambitious

Recently, Martin Ohly was appointed to the newly created position of head of Germany at 7R, so what better opportunity could there be to find out about what the Polish warehouse developer plans for the German market?

17 February 2026

From Tallinn to Dubrovnik

Eleport is developing a fast-charging corridor along Amber Road. So, we spoke with Michał Małecki, the chief revenue officer at Eleport, about the project.

16 February 2026

Bringing something different to leadership

Following the announcement of Simon Durkin as the new CEO for ULI Europe, we caught up with him to find out what he envisions for the organisation.

09 February 2026

Understanding the building

Many commercial buildings today operate using technologies that generate unnecessary costs and increase energy-related risks. Instead of simple, ad-hoc upgrades, a tailored approach based on audits, data, and a real return on the investment is gaining importance. What does such an approach look like in practice? Piotr Miodek, the vice-president of the Kabar Group, tells us all about this.

05 February 2026

Hungary exit - the right decision

Following the sale of Millennium Tower I in Budapest, we took the opportunity to talk to CA Immo CEO, Keegan Viscius, to talk about the current sell-off in Hungary and CA Immo's further plans for the CEE

27 January 2026

BIM now mainstream

The year 2025 clearly demonstrated that BIM methodology and technology have already entered companies on a large scale. Aleksandra Zielazna-Pawlukiewicz, head of the BIM department at SRDK Studio, reveals her views on the development of this field in the near future.

16 January 2026

What is driving the spate of lease renewals

In recent quarters, a cautious attitude among tenants has become increasingly evident in the commercial real estate market. As Marek Ciunowicz, founder and CEO of Corees Polska, notes, changes in work patterns, rising operating costs, and limited space availability are forcing companies to consider offices in a different decision-making cycle than before the pandemic

19 December 2025

More than just opening doors

In our latest exclusive interview, Eurobuild speaks to Maciej Grabowski, the founder of Blue Bolt, which provides a mobile access platform for buildings, about how such systems have become more sophisticated over the years and why they now play a vital role in building management.

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Magazine

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Edition 6 (308) June 2026

Latest comments

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Categories

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Don`t miss out the current edition

Magazine

Edition 6 (308)

June 2026

On the road to  a mature market

Financing in the commercial real estate market – why there’s still relatively little Polish and a lot more Czech capital ...

The shock absorbers

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Financing costs have bottomed out

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The dream team

EurobuildCEE’s editor-in-chief, Kazimierz Krupa, spoke to the main people at the Polish branch of law firm Clyde & Co ab ...

The office as a work tool

A recent report by coworking operator Brain Embassy shows that employees’ physical presence in the office does not neces ...

The office of the future will be flexible

We talked to Michał Kwinta, managing director of Mindspace in Poland and director of Global Strategic Projects, about th ...

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