Office & mixed-use development
New leases, prolongations, and expansions have been signed for space in the Bonarka 4 Business office park in Kraków.
Office & mixed-use development
More than 600,000 sqm of modern office space was leased in 2022, with more than 170,000 sqm in Q4 alone. Last year, in terms of office stock, the regions overtook the capital city market, according to experts from BNP Paribas Real Estate Poland.
Office & mixed-use development
Cube Office Park in Gdańsk is currently going through a green transformation process. The refurbishment of the reception lobby in building A, which was completed last year, is just a glimpse of what tenants may expect in the near future.
Interior design
CA Immo is embarking on the modernisation of the Saski Crescent office building in Warsaw. The entire renovation is expected to be completed in 2024, and a showroom will open in the building as early as March to help demonstrate the building's space development options.
Warehouse & industrial
Logicor has completed a strategic logistics site in Niepołomice for Royal Canin, a pet health nutrition manufacturer. Logistics services in the new warehouse are performed by FM Logistic.
Office & mixed-use development
According to Axi Immo’s summary of the office market activity, 2022 was a good, strong year on Polish market. After a downturn, it was time for a long-awaited boom in demand. Companies have adapted to new working conditions and encourage employees to return to their offices. On the other hand, we will see lower development activity in both Warsaw and regional office markets in the coming quarters, which should last until 2024.
Office & mixed-use development
Odd Consulting has leased offices for its team in the CityZen building in Budapest. The office building, which is managed by ConvergenCE, is thus fully leased.
Office & mixed-use development
SMS Metallurgy Romania has signed a lease for office space in the Equilibrium 1 building in Bucharest, securing 100 pct occupancy. The company will start its operations in the facility in July 2023.
Office & mixed-use development
According to the Cushman & Wakefield Echinox Office Market Regional Cities report, the modern office stock should reach approx. 1.3 mln sqm in the next 5 years. Developers announced the construction of more than 275,000 sqm of new office projects in the major regional cities – Cluj-Napoca, Timisoara, Iasi and Brasov.
Warehouse & industrial
Garbe Industrial Real Estate has leased its existing property in Karlsfeld (district of Dachau) near Munich to a well-known logistics service provider. The company will use the space mainly for storing files and other documents.
Warehouse & industrial
Panattoni has completed the development of almost 40,000 sqm as part of its City Logistics Warsaw IV project in Annopol. Half of the space is to be taken up in July this year by Trumpf Huettinger. The production plant is to serve markets that include the US, Japan, Korea, and China.
Warehouse & industrial
VGP leased a hall of 4,500 sqm in the logistics park VGP Park Sibiu, to Somarest, a leather goods manufacturer.
Warehouse & industrial
United Distribution Holding, a distributor of imported premium quality beers in Poland, has decided to relocate to the Panattoni Park Pruszków II distribution centre. The company will occupy nearly 3,300 sqm of warehouse and office space at the new location.
Warehouse & industrial
The Czech industrial market grew at rapid speed in 2022. Almost 1.1 mln sqm of new space was added to the market, that is over 155 pct of the 5-year average annually completed space and the highest figure on record for the Czech market.
Green projects
CA Immo has concluded 45 lease agreements with a total of nearly 29,000 sqm of office space in Warsaw in the past year, 20 pct of which in Q4 of 2022. The company has also introduced a green lease initiative in 2022, governing mutual commitment of landlord and tenant to optimize sustainable building operations. Since May 2022, 23 green lease agreements have already been concluded.
Office & mixed-use development
In 2022, the Warsaw office market recorded one of the highest levels of demand in history at over 860,000 sqm, with its structure including a preponderance of new leases and relocations, as well as expansions over renegotiations. According to Savills, nominal rents are stable and rising mainly due to indexation, however service charges represent an increasing proportion of the total rental costs.
Warehouse & industrial
VGP has completed the construction of the last hall at VGP Park Hrádek nad Nisou. The facility of more than 30,000 sqm was built for the Drylock Technologies company, which also occupies the other previously built halls of the industrial park.
Events
Thinking about the summer already? Well, we are too! In just four months' time, the biggest sports event for the real estate sector in Poland will take place – Eurobuild's annual golf and tennis tournaments! Make a note of the date today – Friday, June 2nd!
Office & mixed-use development
According to a survey by Colliers, the Prague office market should grow to the 4 mln sqm mark by 2025. Although the supply of newly completed space increased by 34 pct year-on-year, the total volume was again below the long-term average of approx. 130,000 sqm per year. Yet, 2023 is expected to bring about some changes. This is mainly due to developers' plans to start construction of up to 300,000 sqm of office space.
Investment & finance
Markets are expected to remain subdued in H1 2023 due to the negative sentiment in the economy, the significantly higher financing costs and the subsequent pricing correction that is currently playing out in both CEE and many other global markets, reveals a report by Colliers: CEE Investment Scene 2022/2023.
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