News
Office & mixed-use development
Poland Time of the supply gap
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
Hungary ODD in the CityZen Budapest
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
Romania Equilibrium 1 fully leased
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
Romania 275k of offices on its way outside Bucharest
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
Germany Garbe leases to logistics service provider
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
Poland Electronics for industry produced in Warsaw
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
Romania Somarest in VGP Park Sibiu
VGP leased a hall of 4,500 sqm in the logistics park VGP Park Sibiu, to Somarest, a leather goods manufacturer.
Warehouse & industrial
Poland UDH chooses Panattoni Park Pruszków II
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
Czech Republic Record year for Czech sheds
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
Poland CA Immo’s green lease initiative
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
Poland Warsaw offices buoyant in 2022
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
Czech Republic Drylock takes up more from VGP
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
Poland Into battle with racquets and clubs once again!
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
Czech Republic Prague offices stabilising
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
CEE Domestic capital ruled in 2022
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.
Investment & finance
Poland Investing and waiting for the EU billions
Report authors from BNP Paribas Real Estate Poland anticipate investment volumes for 2023 to remain on a par with last year and the long-term transactional activity to be driven by the billions of euros that Poland is likely to receive from the EU’s budget.
Warehouse & industrial
Poland Panattoni Park Toruń fully leased
Panattoni has fully commercialised Panattoni Park Toruń. Stork, a company that provides logistics for clients from the food industry, has leased over 11,000 sqm and is to serve the Eastern European market from the centre.
Warehouse & industrial
Poland MDC² Park Kraków South with a new tenant
MDC², a developer of sustainable warehouse and logistics space operating on the Polish market, and Generali Real Estate (through its pan-European Generali Real Estate Logistics Fund) have concluded the lease of a 36,200 sqm building within MDC² Park Kraków South. The medical technology company will begin operations in the facility later this year.
Land acquisitions
Poland Real Management finds the plot
Real Management has finalised the purchase of a 13.3 ha development plot in Łubna, on national road 79 connecting Warsaw, Piaseczno and Góra Kalwaria.
Warehouse & industrial
Germany VGP Park fills up
VGP NV, a European owner, operator and developer of logistics and commercial real estate, announces the win of Rhenus Warehousing Solutions as an anchor tenant for its VGP Park Magdeburg-Sülzetal for the period of ten years. The logistics service provider will move into around 73,816 sqm of commercial space.
Categories
Architecture and urban planning
Praga to tower up over Warsaw
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 ...
ULI releases New Urban Poland report
Plans created for Airport City around CPK
Construction
Budimex wins foundational contract for CPK
Budimex has been awarded a PLN 146 mln contract to construct the foundations of the passenger terminal of the new airport that forms part of the massi ...
Work progresses on Henryk Arctowski Antarctic Station
Poland heading for a two-tier market
Coronavirus
Vaccination centre provided by Globalworth
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
Employers in no rush to return to workplaces
Catella sees hope and chances for real estate after Covid-19
Corporate social responsibility
Not only for horses
Panattoni BTS and Commercecon together support the establishment of the second Centaurus Foundation centre in Poland to help horses and other animals.
Panattoni sticks to the fairway
Colliers ends operations in Russia, Belarus
Data centres
Data centres spread out across the region
The EMEA data centre market is entering a new phase where power availability, not demand, is defining growth, forcing a structural shift in how and wh ...
Poland to be the new data hub
Data centres to transform Polish economy
E-commerce
This is the end
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 ...
Wildberries now growing in Ukraine
Wildberries growing in April
ESG
Punkt goes Platinum
The Punkt office building in Gdańsk has been awarded LEED v4 Platinum certification. This is the first Torus Group development certified under this ve ...
Outstanding for Prologis
Silesia City Center now Excellent
Eurobuild Awards
All the winners of the EurobuildCEE Awards 2025!!
The 15th EurobuildCEE Awards Gala is now behind us and all the winners can be revealed! Special congratulations go to Kazimierz Kirejczyk, who was pre ...
The winners of the Eurobuild Awards 2024!
Call for nominations and jury members!
Eurobuild FM
The power of community
We spoke with Zdena Noack, managing director of Zeitraum Student Housing, during the opening of Zeitraum Racławicka in Kraków.
A breath of fresh air from France, or comments from Cannes part 3
A breath of fresh air from France, or comments from Cannes part 2
EurobuildCEE
The June issue of Eurobuild is now out!
The June issue of EurobuildCEE magazine has now hit the shelves! And one of its recurring themes is how best to operate in an increasingly mature and ...
This sporting real estate life
The May issue of Eurobuild is now out!
Events
Three days of lakeside cycling: EQT on the Move
More than 70 representatives of the Polish logistics real estate market participated in the third edition of EQT on the Move: Ride the Lakes. The even ...
Let's play volleyball again
August 7th – mark the date
Exclusive
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 ...
Laying the groundwork for success
The French connection
Eye to eye
Eye to eye… with Władysław Grochowski
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.
Eye to eye… with Paweł Sapek
Eye to eye with… Daniel Bienias
For Ukraine
Nansen Refugee Award goes to Poland!
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 ...
Build Europe supports refugees and appeals to European Commission
Former Russian building to house Ukrainian refugees
Green projects
EIB grants CTP solar-powered €200m loan
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 ...
Cromwell granted €66m green loan for Janki
Pad Res to build 2 PV farms in Pomerania
Hotels
Pbb refinances Radisson Blu Bucharest
Deutsche Pfandbriefbank (Pbb) has provided EUR 123 mln in investment financing to funds managed by Cerberus Capital Management and Revetas Capital for ...
Griffin and Primestar join forces
aHouse to build hotel in Grodzisk Mazowiecki
Human resources
Leadership change at Nepi Rockcastle
Marek Noetzel has been appointed CEO of NEPI Rockcastle and announced a new management team, based entirely on internal promotions.
Change at the top for ULI Europe
ULI announces new chairs
Infrastructure
Port of Poland moves closer with location decisions
The Masovian Region has issued a decision establishing the location for a railway junction on the eastern side of the new airport. The document, which ...
Budimex builds in Slovakia
Green light for Port of Poland
Interior design
New food hall in Poznań
The Wiedeńska Town House in the centre of Poznań, which dates back to the early 20th century, has been renovated and converted into a food hall with i ...
New look for Eurocentrum lobby
New look for Otis offices
Investment & finance
Pavăl pockets Carrefour Romania for €823m
Pavăl Holding has completed the EUR 823 mln acquisition of Carrefour Romania, involving the purchase of the latter's operations, real estate assets an ...
Wing swoops on Capital Square
Robyg IPO underway
Land acquisitions
Panattoni enlarges its Swedish portfolio
Panattoni has acquired two properties near Gothenburg, Sweden. The brownfield sites will be replaced by a modern 43,000 sqm facility.
CTP purchases land in Kragujevac
CTP secures major brownfield site
Material partner
Brownfield rather than greenfield – a model for sustainable development at City Point Targówek
Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures. Traditional infrastructure ...
Nordbygg 2024: Many innovations and strong interest
Excellent Fern at Off Piotrkowska
Office & mixed-use development
CA Immo to build from wood
CA Immo has begun leasing the space for its Skygreen at Hallesche Ufer 74–76 in Berlin. A modern, sustainable 18,400 sqm six-storey office building u ...
Offices above the warehouse
Improved Water pressure in City Tower
Property and Facility Management
JLL takes on Equal Business Park
JLL has been appointed the exclusive leasing agent responsible for the Equal Business Park office complex in Kraków, owned by Apollo Rida. JLL's other ...
Savills takes on two Warsaw buildings
Tensions in the gulf promote energy efficiency
Public buildings
Warszawa Wschodnia station to be modernised
Polish Railway Lines (PKP) has signed a contract with general contractor Torpol for the modernisation of Warszawa Wschodnia station (Warsaw East), wor ...
Gronów Elbląski station to be renovated
A new look for central Warsaw
Residential
Alides announces project in Żoliborz
Belgian real estate investor and developer Alides, is planning a new project in Warsaw's Żoliborz district. The planned development will comprise arou ...
Olivia Pulse to start rentals in Gdańsk
An end to housing subsidies
Retail & leisure
M Park opens in Nasielsk
LCP Poland, part of M Core, has opened M Park Nasielsk about 50 km north of Warsaw, in what is the company’s fourth M Park opening since the beginning ...
Czech Republic attracts retail brands
Karuzela Lubliniec grows
Technology
Łukasiewicz Research Network opens technology laboratory
The Łukasiewicz Research Network - Automotive Industry Institute has completed a PLN 36 mln project, of which PLN 24.7 mln comes from the Regional Dev ...
Skanska installs NHIB in Studio A
Rentujemy to revolutionise the market
Warehouse & industrial
InPost opens service centre in CTPark Opole
Polish parcel locker operator InPost Group has launched its OPO II Logistics and Service Centre at CTPark Opole in southwest Poland, which is to suppo ...
