Investment & finance
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.
Data centres
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.
Residential
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.
ESG
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
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.
Residential
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
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
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
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
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
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
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
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.
Residential
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’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
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
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.
Residential
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.
Office & mixed-use development
RMF Group, owner of the RMF FM and RMF MAXX radio stations, has signed a long-term lease at DL Tower in Katowice. Under the agreement, signed on 15 July 2026, both stations will broadcast from the building’s 11th floor for at least the next 10 years.
Office & mixed-use development
Warsaw’s office market is seeing stronger tenant activity amid record-low new supply. More than 592,000 sqm of office space was leased in the first three quarters of 2026, up 22 pct year on year, while the vacancy rate fell to 7.9 pct, its lowest level in six years, according to Knight Frank.
Green House Development has launched pre-sales for Building C, the final phase of its Wave Świnoujście Thermal & SPA development. The building will feature 192 finished apartments, around 2,000 sqm of thermal and spa facilities, massage rooms and a conference room. Completion is scheduled for the first quarter of 2030.
Accor has signed a franchise agreement for the Tribe Kraków Airport hotel. Located next to the airport terminal, the 170-room property is scheduled to open in 2030.
Hotel revenues in Bucharest increased by 5 pct in the first half of 2026 compared with the same period last year, reaching a level 25.2 pct above pre-pandemic figures, according to Cushman & Wakefield Echinox.
Bob W has signed a long-term deal to operate a new aparthotel at Krulli Kvartal, part of the 10.2 ha regeneration of the historic Krulli industrial quarter in Tallinn. The property is scheduled to open in the first quarter of 2028.
More than 90 pct of European investors plan to maintain or increase their investment in hotel real estate in 2026, according to the latest CBRE survey. Prague has moved into the top 10 European cities for hotel investment, sharing seventh place with Copenhagen, Rome, Geneva and Athens.
Mövenpick has opened its first hotel on Croatia’s Adriatic coast in Novi Vinodolski. The resort includes 198 hotel rooms and suites, as well as 304 privately owned residences, with the first phase already on sale at prices starting from EUR 345,000.
Hotel investment transactions in Poland were worth EUR 59 mln in the first half of 2026, down 24 pct year on year. At the same time, Warsaw is expected to be the fastest-growing hotel market among the CEE-6 capitals in terms of room supply in 2026, with a forecast increase of 7.2 pct.
Green House Development is launching pre-sales of suites at Wave Ustka Thermal & Spa, the third development under the Wave brand on the Polish coast, located around a ten-minute walk from the centre of Ustka and around 120 km from the Tricity area.
Accor has announced the opening of the Mercure Oradea. The new 90-room hotel is the hospitality group’s 26th location in the country. It is managed by local company Grand Hotel West under a franchise agreement, with Spark Hospitality as its operator.
Saltic, a Polish hotel developer and operator, has appointed Mirbud to construct its Saltic Zieleniec development in Duszniki-Zdrój with work to begin in early August 2026 and completion scheduled for July 2028.
Marvipol has launched sales for suites in its latest hospitality project, Unique Hotel Kołobrzeg. The five-star complex, comprising 227 suites, ranging in size from 25 to 104 sqm.will be built at ul. Sułkowskiego 7 in Kołobrzeg.
Deutsche Pfandbriefbank (Pbb) has provided EUR 123 mln in investment financing to funds managed by Cerberus Capital Management and Revetas Capital for the refinancing of the Radisson Blu hotel complex in central Bucharest. The bank acted as the financing arranger and sole lender.
Warsaw-based private equity investment manager Griffin Capital Partners and Berlin-based hospitality operator Primestar Group have launched Prime Griffin Hotels, a 50/50 JV to build a Polish hotel platform.
aHouse Development will deliver a new hotel on ul. Daleka in the centre of Grodzisk Mazowiecki, marking the company’s entry into the hospitality real estate segment.
In 2027, the first Swissôtel hotel in Poland will open in Gdynia. The project, being developed in partnership with Allenort Group, will be part of the Waterhall complex.
According to the latest study by Cushman & Wakefield, Warsaw remains one of the strongest hotel markets in the CEE region. In 2025, the city recorded one of the highest RevPAR increases among CEE-6 cities, while also leading the growth in hotel room supply.
Bucharest’s hotel market recorded the strongest performances in Central and Eastern Europe (CEE) in 2025, with revenue per available room (RevPAR) increasing by 12 pct year-on-year, outperforming the CEE-6 average, according to a market analysis conducted by Cushman & Wakefield.
Kempinski Hotels has acquired the Augustine Hotel in Prague. This is the first acquisition for the hospitality group in over 50 years, since it bought the Hotel Vier Jahreszeiten Kempinski Munich in 1970.
The Czech hotel market is building on an exceptionally strong year in 2025, marked by a significant increase in transaction volumes and investor interest. According to Cushman & Wakefield, a total of 16 hotels were sold in the Czech Republic, representing 2,989 rooms and a total transaction volume of EUR 764 mln. Based on available data, this represents the highest annual transaction volume ever recorded on the Czech hotel market.
Mercure has signed a contract to develop a hotel in Craiova and has also announced it is to open the Mercure Oradea hotel.
High-rise developments may be developed near the National Stadium metro station. The city's spatial policy clearly aims to break down the division bet ...
PORR has signed a contract worth around PLN 539 mln gross to build the first phase of a cargo and logistics facility for the US Air Force at Wrocław-S ...
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
Panattoni BTS and Commercecon together support the establishment of the second Centaurus Foundation centre in Poland to help horses and other animals.
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 ...
Shopee is ending its operations in Poland. The Asian e-commerce platform, which debuted in Poland in 2021, intends to focus on operations in other reg ...
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 ...
The 16th Eurobuild Awards Gala is now on the horizon! And there has been a CHANGE OF DATE AND LOCATION. The Gala will now take place on December 8th, ...
We spoke with Zdena Noack, managing director of Zeitraum Student Housing, during the opening of Zeitraum Racławicka in Kraków.
In this issue, hot off the press in time for Expo Real in Munich, the cover story is an interview with Ugo Giordano and Katarzyna Rzetecka, who are le ...
How will AI change the real estate business? Where are the best data centre sites in Poland? Will Europe be able to feed data centres the energy they ...
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 Rena ...
After a long break, we invite you to hot episode of the "Eye to eye" podcast! Today we talk with Władysław Grochowski, the head and founder of Arche.
The UN Nansen Refugee Award award will go to Poland for the first time. According to the office of the UNHCR High Commissioner this year's regional wi ...
Czech developer CTP has been granted a EUR 200 mln loan from the European Investment Bank for the roll-out of its large-scale solar panel installation ...
Green House Development has launched pre-sales for Building C, the final phase of its Wave Świnoujście Thermal & SPA development. The building will fe ...
Agnieszka Ciupak has been appointed managing director of Ghelamco in Poland. She joins Przemysław Dąbrowski, Jakub Kutzmann and Krzysztof Gozdecki as ...
Port Polska and the City of Kielce have signed a letter of intent covering plans for a cargo terminal in Obice, near Kielce. The centre would handle b ...
ING Hubs Poland is officially moving into its new headquarters in The Form office building in Warsaw’s Wola business district. The more than 6,000 sqm ...
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 compl ...
Panattoni has acquired two properties near Gothenburg, Sweden. The brownfield sites will be replaced by a modern 43,000 sqm facility.
Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures. Traditional infrastructure ...
RMF Group, owner of the RMF FM and RMF MAXX radio stations, has signed a long-term lease at DL Tower in Katowice. Under the agreement, signed on 15 Ju ...
ISS has taken over the technical facility management of Axis, an office building in Kraków owned by French fund Corum XL. The company is providing tec ...
Prague 14 has begun construction of a new primary school in Jahodnice. The school, at U Hostavického potoka Street, will accommodate 540 pupils, with ...
Yareal has launched apartment sales at VIA BIELANY, a residential development planned on Brązownicza Street in Warsaw’s Chomiczówka neighbourhood. Con ...
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 ...
Skanska has implemented a digital access control system at Studio A, an office building in Warsaw. The solution uses the company’s proprietary StudioA ...
Garbe Industrial has handed over a new logistics centre in Salzgitter-Heerte, Germany, to fashion retailer Takko Fashion. The nearly 60,000-sqm facili ...
October 2026
Who will win and who will lose with changes to the land market
Who will win and who will lose with changes to the land market
Walter Herz
The biggest change to the land market in years is on the horizon. The spatial planning reform will mean that plots previously considered attractive may lose value, while land with ...
Sales up, supply down
Sales up, supply down
JLL Polska
In the first quarter of 2026, the Polish housing market recorded a significant increase in sales. A total of 12,900 apartments were sold across the country's seven largest cities ( ...
Rent isn't everything. The real costs of leasing warehouse space
Rent isn't everything. The real costs of leasing warehouse space
Newmark Polska
Choosing a new warehouse takes much more than simply comparing rental rates across a few or even a dozen centres. With rising energy costs and varying technical standards, the actu ...