PL

More malls modernised

Retail & leisure
POLAND One third of shopping centres across the country have now undergone some form of modernisation, according to a report by Jones Lang LaSalle. By 2014, app. 100 malls will have been modernised.
Half of all shopping centres trading on the Polish market were developed before 2002 and are now at least ten years old. The tenant mix is also changing, according to research. In 2000, a shopping gallery would take up around half of a centre’s space, with the remainder being occupied by a food store anchor. By 2012 shopping galleries had grown to take up around 74 pct of the space, and Jones Lang LaSalle predicts that this figure will reach 78 pct in 2014. Recently modernised shopping centres include Blue City and Klif in Warsaw, Galeria Pomorska in Bydgoszcz, Molo in Szczecin, Pasaż Łódzki in Łódź, and Galeria Gniezno in Gniezno. Extensions to the existing centres represent around one fifth of annual retail completions each year, including centres such as Galeria Echo in Kielce, Silesia City Centre in Katowice, Jantar in Słupsk, Magnolia Park in Wrocław as well as Warsaw’s Galeria Mokotów and Promenada.

Latest news

Office & mixed-use development

Poland The Shire expands in Kraków

schedule 04 November 2024
Opr./edited by JC

GTC, in collaboration with The Shire Beyond Coworking, is opening a new coworking space in Kraków's Korona Office Complex.

Material partner

Poland Brownfield rather than greenfield – a model for sustainable development at City Point Targówek

schedule 07 October 2024
Eurobuild CEE

Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures. Traditional infrastructure expansion often requires the development of greenfields, with adverse impacts on both local ecosystems and communities. A sustainable alternative is to revitalise brownfield urban sites, as exemplified by City Point Targówek, a project led by Peakside Capital Advisors.

Hotels

Czech Republic Juliš changes hands

schedule 04 November 2024
Opr./edited by JC

S Immo has successfully completed a sale of the Juliš Hotel in Prague, with a total leasable area of around 6,700 sqm.

Warehouse & industrial

Poland Panattoni gets millions from BNP Paribas

schedule 04 November 2024
Opr./edited by JC

Panattoni has been granted a loan for the development of a new distribution centre for a leading retailer. The EUR 36.5 mln loan was granted by BNP Paribas.

Office & mixed-use development

Poland Newly modernised Alfa attracts tenants

schedule 04 November 2024
Opr./edited by JC

Strabag PFS has moved into the Eurocentrum Alfa office building in Warsaw, owned by CPI Property Group Poland. The lease agreement is for over 1,000 sqm.

Office & mixed-use development

Poland Office pre-leases make a comeback in Warsaw

schedule 04 November 2024
Opr./edited by JC

According to “Office Occupier – Warsaw Office Market, Q1-Q3 2024”, a report published by Newmark Polska, in the Q3 of 2024, both leasing and development activity on the Warsaw office market remained largely consistent with the levels recorded in the previous quarter.

Warehouse & industrial

SAUDI ARABIA Panattoni signs $500m Saudi deal

schedule 31 October 2024
Opr./edited by NN

Panattoni Saudi Arabia and Bahrain-based GFH Financial Group (GFH) have today announced the creation of a strategic partnership for the development of 500,000 sqm of logistics facilities in Saudi Arabia.

Investment & finance

Russia Warimpex withdraws from Russia

schedule 31 October 2024
Opr./edited by JC

Warimpex Finanz- und Beteiligungs has sold its last remaining project in Russia, the Airportcity St. Petersburg, and is therefore no longer active in the Russian market.

Retail & leisure

Romania Physical retail dominates

schedule 31 October 2024
Opr./edited by ANZ

The results of the CBRE European Retail Occupier Survey 2024 suggest the retail sector and regional economy overall approach the end of a challenging period. The study includes responses from over 60 global retailers with a store network of over 130,000 locations, and shows that 71 pct of retailers planning to increase their number of physical stores intend to do so in markets where they are already present.

Office & mixed-use development

Poland The largest office deal in Łódź

schedule 31 October 2024
Opr./edited by ANZ

A pharmaceutical company has leased 6,000 sqm in the GTC-owned Sterlinga Business Center office building in Łódź. This is the largest office deal in Łódź in 2024.

Investment & finance

Poland Trinity One office complex in Warsaw purchased by Longvilliers

schedule 30 October 2024
Opr./edited by ANZ

Revetas Group has announced the successful disposal of the Trinity One class-A office complex in Warsaw to Longvilliers. The terms of the transaction were not disclosed.

Office & mixed-use development

Poland Warsaw office market stable

schedule 30 October 2024
Opr./edited by ANZ

Cushman & Wakefield has summarised the situation on the Warsaw office market for Q3 2024. Office take-up, both in leasing volumes and transaction numbers, was comparable to that recorded in the same period in 2023. Meanwhile, muted development activity, falling vacancy rates and shrinking land availability are likely to encourage investors to launch redevelopment projects.

Investment & finance

Poland Poland can win nearshoring investment

schedule 30 October 2024
Opr./edited by JC

Poland’s highly skilled workforce, growing pool of environmentally compliant buildings and developed IT services market make it an attractive destination for foreign investors who want to shorten their supply chains, according to experts on nearshoring at law firm DLA Piper.

Office & mixed-use development

Poland BGK stays in Varso

schedule 30 October 2024
Opr./edited by ANZ

Bank Gospodarstwa Krajowego has decided to extend its lease agreement for 13,600 sqm of office space in Varso Place. The company occupies five floors of the building.

Property and Facility Management

Poland Studio B under new management

schedule 30 October 2024
Opr./edited by JC

Colliers has taken over the management of the Studio B office building located in the Warsaw Wola district. The property is owned by Stena Real Estate.

Warehouse & industrial

Poland AI controlled centre for Auchan

schedule 30 October 2024
Opr./edited by JC

Panattoni is constructing a fully robotic BTS distribution centre for Auchan Polska. The centre in Wilcza Góra near Warsaw is to service the  customers from the updated internet platform.

Investment & finance

Poland Refinancing near Pruszków

schedule 30 October 2024
Opr./edited by ANZ

BNP Paribas Bank has granted MLP Group financing in the total amount of EUR 21.5 mln. The funds raised will be used to refinance the construction of a 34,600 sqm warehouse facility at the MLP Pruszków II logistics centre.

Warehouse & industrial

Czech Republic The sixth Garbe park in the Czech Republic

schedule 29 October 2024
Opr./edited by ANZ

Garbe Industrial Real Estate CEE has received the building permission for the construction of two industrial facilities in Pohořelice, located approx. 30 kilometers south of Brno. The new development, consisting of two halls measuring 20,000 sqm and 11,000 sqm, is set to begin construction imminently, with plans to make the properties available within eight months.

Warehouse & industrial

Poland Huge warehouse is now up and running

schedule 29 October 2024
Opr./edited by ANZ

The Neon logistics centre, developed for Hermes Fulfilment by Panattoni, has been opened. The area of the investment in Konin Żagański amounts to over 250,000 sqm.

Warehouse & industrial

Romania Pallady hub in Bucharest fully operational

schedule 29 October 2024
Opr./edited by ANZ

Logicor has completed the first two buildings in Logicor Bucharest III Pallady Logistics Park, the first last mile logistics hub in the city.

Latest in Retail & leisure

schedule 31 October 2024

Physical retail dominates

The results of the CBRE European Retail Occupier Survey 2024 suggest the retail sector and regional economy overall approach the end of a challenging period. The study includes responses from over 60 global retailers with a store network of over 130,000 locations, and shows that 71 pct of retailers planning to increase their number of physical stores intend to do so in markets where they are already present.

schedule 14 October 2024

Mitiska REIM opens a retail park in Pitesti

Mitiska REIM has announced the opening of a new retail park in the Romanian city of Pitesti, one of four new development projects planned to open by Mitiska REIM in the Romanian market over the next two years.

schedule 27 September 2024

Wonder of Woolies in Słoneczna

German department store chain Woolworth has signed a lease agreement for almost 1,000 sqm in the Galeria Słoneczna shopping centre in Radom.

schedule 16 September 2024

Another field for Refield

Refield is starting the development of the first retail park in Środa Wielkopolska. Pasaż Średzki is expected to open in 2026.

schedule 09 September 2024

Smart Park sold to Newgate

Newgate Investment has acquired a completed retail park in Zgorzelec with over 5,400 sqm GLA. The seller was Smart Park Poland.

schedule 05 September 2024

One Gallery, one museum

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.

schedule 04 September 2024

Giant welcomes first guests

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.

schedule 29 August 2024

Shopping centres fuell the development activity

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.

schedule 27 August 2024

San Park Piaseczno is ready 

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.

schedule 23 August 2024

Shoppers flock to Big Gorzów

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.

schedule 08 August 2024

Promising environment for luxury retailers

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.

schedule 08 August 2024

Five parks in five years

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. 

schedule 24 July 2024

Record-breaking Q1 2024 sees arrival of 20 new brands

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.

schedule 16 July 2024

Polish retail market continues its strong momentum

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.

schedule 10 July 2024

Food market to open at One Gallery

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.

schedule 02 July 2024

The shopping basket analyzed in Romania

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.

schedule 27 June 2024

A positive momentum for the film market

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.

schedule 25 June 2024

New luxury destination in Bucharest

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.

schedule 25 June 2024

Karuzela in Jastrzębie Zdrój

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.

schedule 13 June 2024

Froo Froo! Żabka Group starts operations in Romania

The Żabka Group has opened its first shops in Romania. Over the past month, five outlets under the Froo banner have opened in Bucharest.

Edition 10 (292) September 2024

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