CEE REGION Strengthening our presence – Wolfgang Molnar of Erste Group Bank

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24 July 2026

Nathan North
managing editor (English section)

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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.

Erste Group has been active as a lender and a fund manager in the Polish and CEE real estate sector for as long as I can remember. And this has continued to be the case since Erste’s acquisition of a controlling stake in Santander Bank Polska earlier this year. Does this acquisition mean that you will be focusing even more on the Polish real estate market than previously? Wolfgang Molnar, Erste Group Bank: Erste Group Commercial Real Estate is a key business segment of Erste Group and has bee

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Latest news

Poland Strabag to Build 170-Metre Roma Tower in Warsaw

22 October 2026

Opr./edited by AH

Strabag, together with TKT Engineering, has been appointed general contractor for Roma Tower, a 170-metre residential skyscraper planned for central Warsaw. The EUR 200 mln project will comprise 357 luxury apartments, with construction scheduled to take 50 months.

Office & mixed-use development

Germany Hologate leases 3,200 sqm at Munich’s Kistlerhof

22 October 2026

Opr./edited by AH

Hologate, a Munich-based AI and extended reality (XR) company, has leased approximately 3,192 sqm of office and exhibition space at Empira Group’s Kistlerhof complex. The company is expected to move into Building 1 on 1 November 2026, following refurbishment works.

Investment & finance

Poland Hillwood secures EUR 20.35 mln loan for Grodzisk Mazowiecki project

21 October 2026

Opr./edited by AH

Hillwood has secured a EUR 20.35 mln loan from BNP Paribas Bank Polska to finance the second phase of its Hillwood Grodzisk Mazowiecki logistics complex. The bank’s total financing for both phases amounts to approximately EUR 46 mln.

EMEA region EMEA data centre capacity exceeds 12.1 GW as energy constraints slow growth

21 October 2026

Opr./edited by AH

Operational data centre capacity across EMEA exceeded 12.1 GW in the first half of 2026, with a further 18.3 GW under construction or in the planning pipeline. Warsaw remains Poland’s largest data centre market, but limited power availability and grid connection capacity are holding back new developments. Demand for AI infrastructure is also driving interest in locations beyond the Polish capital.

Poland Yareal launches sales at VIA BIELANY in Warsaw

21 October 2026

Opr./edited by AH

Yareal has launched apartment sales at VIA BIELANY, a residential development planned on Brązownicza Street in Warsaw’s Chomiczówka neighbourhood. Construction is scheduled to begin in spring 2027. The five-storey building will comprise 63 apartments, each with a garden, balcony or terrace.

Poland Nowe Bielawy retail parks renew BREEAM Excellent ratings

21 October 2026

Opr./edited by AH

Two retail parks forming part of the Nowe Bielawy complex in Toruń have once again achieved an Excellent rating under the BREEAM International In-Use certification scheme. This means all three properties in the complex, including the shopping centre, now hold certifications at this level.

Retail & leisure

Poland Europa Centralna to open new section in December

21 October 2026

Opr./edited by AH

Europa Centralna in Gliwice is entering the final phase of its redevelopment. A new section of the retail and leisure complex is scheduled to open in December, with the entire project due for completion in spring 2027. Once the transformation is complete, the scheme will offer more than 56,000 sqm of gross leasable area.

Poland Art.Locum launches pre-sales for Hallera 122 in Gdańsk

21 October 2026

Opr./edited by AH

Art.Locum has launched pre-sales for Hallera 122, a residential development planned on Gen. Józefa Hallera Avenue in Gdańsk, between the Wrzeszcz and Brzeźno districts. The first release comprises 50 apartments ranging from 26 sqm to 93 sqm. The five-storey building will contain 80 apartments and four retail units.

Retail & leisure

Poland Zajawka family entertainment centre to open at OTO Park Siemianowice Śląskie

21 October 2026

Opr./edited by AH

The Zajawka family entertainment centre will open at OTO Park Siemianowice Śląskie on 24 October, adding children’s attractions, interactive activity games and a café to the retail park.

Warehouse & industrial

Germany Garbe Industrial hands over 60,000-sqm logistics centre to Takko Fashion

21 October 2026

Opr./edited by AH

Garbe Industrial has handed over a new logistics centre in Salzgitter-Heerte, Germany, to fashion retailer Takko Fashion. The nearly 60,000-sqm facility will bring together most of the retailer’s logistics operations from mid-2027. Interior fit-out work is under way.

Retail & leisure

Poland Mabrok plans 27,000 sqm Osada Pułtusk retail park

20 October 2026

Opr./edited by AH

Osada Pułtusk, a new 27,000 sqm retail park, is planned to open in Pułtusk in 2028. The project is being developed by Mabrok, with Mallson Polska responsible for the commercial concept and leasing.

Retail & leisure

Poland Bułkę przez Bibułkę opens in Tribera

20 October 2026

Opr./edited by AH

Bułkę przez Bibułkę will open a new restaurant on the ground floor of the Tribera Warsaw student residence on ul. Obrzeżna in Mokotów. The restaurant will have 105 sqm of indoor space and a terrace of nearly 100 sqm. It will be open to students living in the building, as well as people who live and work in the neighbourhood.

Investment & finance

Poland Hillwood Polska sells 57,800 sqm warehouse and office complex to TOYA

20 October 2026

Opr./edited by AH

Hillwood Polska has completed the sale of a warehouse and office complex in Oddział, in the municipality of Żabia Wola, to TOYA S.A. The development comprises two buildings with a combined usable area of approximately 57,800 sqm and was delivered under a build-to-own (BTO) arrangement. The transaction was valued at EUR 41.625 mln net.

Retail & leisure

Poland Nhood repurposes 65,000 sqm of retail space across Europe

20 October 2026

Opr./edited by AH

Nhood has repurposed 65,000 sqm of retail space across Europe as part of a modernisation programme for shopping centres owned by Ceetrus and Auchan. In Poland, the company has leased more than 11,300 sqm of additional retail space across four properties, with two more locations set to join the programme.

Retail & leisure

Poland Lux Med Stomatologia to open at Gemini Park Tychy

20 October 2026

Opr./edited by AH

Lux Med Stomatologia will become a new tenant at Gemini Park Tychy, leasing more than 450 sqm. The dental clinic, which will offer comprehensive care for adults and children, is scheduled to open at the turn of 2026 and 2027.

Poland Historic tenement building in Koło undergoes comprehensive renovation

20 October 2026

Opr./edited by AH

A historic tenement building on Koło’s Old Market Square is undergoing a comprehensive renovation. Built in 1887, the three-storey property will offer more than 938 sqm of space for retail and service units, professional practices and apartments. The project is being carried out by investor Celtia.

Retail & leisure

Poland Polish retail market set for strongest year of new supply in over a decade

20 October 2026

Opr./edited by AH

Poland’s retail property market continues to see strong development activity. Around 132,000 sqm of modern retail space was delivered in Q3 2026, while a further 760,000 sqm remains under construction. According to Cushman & Wakefield, new supply for the full year could exceed 600,000 sqm, reaching its highest level in more than a decade.

Warehouse & industrial

Romania CTP leases 55,600 sqm to Pepco at CTPark Bucharest West

20 October 2026

Opr./edited by AH

CTP has signed a direct lease with Pepco for 55,619 sqm at CTPark Bucharest West in Romania. The retailer will operate a regional distribution centre at the site, serving Romania and the wider Central and Eastern European (CEE) region.

Investment & finance

Poland EPP increases its stake in the M1 shopping centre portfolio

20 October 2026

Opr./edited by AH

EPP has increased its stake in the joint venture that owns nine M1 shopping centres in Poland to 59.4 pct. The ownership structure has also been simplified, with RMB Investments and Advisory Proprietary Limited (RMBIA) joining as a new investor.

Poland Murapol expands Prado project

20 October 2026

Opr./edited by AH

Murapol Group has added 191 apartments to the Murapol Prado residential project in northern Kraków. The new phase, located on ul. Piaszczysta near the Prądnik Valley, comprises two four-storey buildings. Pre-sale prices start at PLN 13,680 per sqm.

Latest in Exclusive

12 October 2026

Leading the renaissance of local investors

One of the more interesting Polish property investors to emerge on the local scene in recent years is Syrena Real Estate. This year, it added the Renaissance building in central Warsaw to its increasingly impressive and diverse portfolio. In our latest exclusive, we ask Witold Zatoński Kotomski, the founding partner of the company, about its plans for the historic property and where it’s planning to invest next.

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

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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?

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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

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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

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Don`t miss out the current edition

Magazine

Edition 10 (310)

October 2026

Expositions for the Expo

Welcome to the October 2026 issue of Eurobuild CEE, which, as you may know if you are now reading this in Munich, has be ...

Multidimensional thinking

RINA Prime, which entered the Polish market in 2023 through the acquisition of a majority stake in Polish Properties, wa ...

Poland’s retail market picks up pace

Poland’s retail market gained significant momentum in the second quarter of 2026, with around 150,000 sqm of new space d ...

Energy, automation and adaptability

Eurobuild’s 22nd Warehouse and Logistics CEE Conference took place at the Radisson Collection Hotel on September 14th – ...

CEE matures as capital changes direction

We spoke with Tomasz Stasiak, the managing partner of Wolf Theiss in Poland and head of the real estate and construction ...

Back to the 3 Ls

As the European real estate market converges on the last big trade fair of the year, we spoke to Georg Blaschke, the Hea ...

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