News

Investment & finance

Poland CRE investment volume exceeds EUR 1.7 bln

schedule 21 August 2024
Opr./edited by ANZ

Cushman & Wakefield estimates that the commercial real estate investment volume in Poland for H1 2024 was EUR 1.76 bln, representing an almost 80 pct increase compared to the same period in 2023. The investment market is experiencing a revival in the activity of investment funds, including Polish investors, with this year’s total investment volume likely to hit EUR 4 bln.

Office & mixed-use development

Poland Ageing office stock and muted development activity

schedule 21 August 2024
Opr./edited by ANZ

At the end of Q2 2024, more than 40 pct of offices in the oldest office buildings in Poland’s regional cities remained vacant, with their office markets experiencing stable vacancy rates and subdued development activity, reveals BNP Paribas Real Estate Poland in its latest report “At a Glance – Regional City Office Markets Q2 2024”.

Office & mixed-use development

Poland Seargin stays in Garnizon

schedule 21 August 2024
Opr./edited by ANZ

Seargin, an international technology and consulting company, has extended its contract and leased over 1,900 sqm of space in the Garnizon Hiro office building in Gdańsk. The company has doubled the space it previously occupied.

Investment & finance

Poland Afi buys from Develia in Wrocław

schedule 21 August 2024
Opr./edited by ANZ

Develia has signed a preliminary agreement for the sale of the property in Wrocław with a subsidiary of Afi Europe. The sale price was set at PLN 50.5 mln. The transaction is expected to be finalised by the end of 2024.

Office & mixed-use development

Poland Tenants remain happy in Diuna

schedule 20 August 2024
Opr./edited by ANZ

More companies have decided to extend their leases in the Diuna office complex. Colgate and Lux Med, which has additionally expanded its operations with a mental health clinic, remain in Warsaw's Służewiec district.

Investment & finance

Romania Afi Europe picks up Myhive Victoriei

schedule 20 August 2024
Opr./edited by ANZ

Afi Europe has acquired the myhive Victoriei building on Calea Victoriei, Bucharest, from Austrian commercial real estate group Immofinanz. The transaction was valued at around EUR 27 mln and is part of Immofinanz's strategy to optimise its portfolio.

Investment & finance

Romania Libra funds new residential project in Pipera

schedule 20 August 2024
Opr./edited by JC

Bellemonde has secured a EUR 21 mln financing agreement from Libra Internet Bank to develop a new residential project in northern Bucharest. The project will feature 164 housing units.

Investment & finance

Germany Final closing of VGP and Deka JV

schedule 19 August 2024
Opr./edited by JC

VGP and Deka Immobilien announced the signing of the third and final closing of their 50:50 joint venture, RED. This transaction includes a logistics building located in VGP Park Magdeburg, fully leased to Rhenus.

Office & mixed-use development

ROMANIA OUP to build R&D centre for Infineon

schedule 14 August 2024
Opr./edited by NN

One United Properties has started work in Bucharest on the One Technology District – a built-to-suit semiconductor R&D centre for German company Infineon Technologies.

Office & mixed-use development

POLAND MDPI in Podium Park

schedule 14 August 2024
Opr./edited by NN

Swiss scientific journal publisher MDPI has leased 1,725 sqm of office space in building A of the Podium Park building in Kraków, which is owned and managed by Globalworth Poland.

Office & mixed-use development

Poland Rents remain stable, developers are cautious

schedule 14 August 2024
Opr./edited by JC

Cushman & Wakefield has summarized the H1 of 2024 on the Polish office market. The demand shows signs of stabilization amid muted development activity which is likely to continue until the end of 2026.

Investment & finance

Germany KGAL knocks on wood

schedule 14 August 2024
Opr./edited by JC

The investment and asset manager KGAL has acquired the Platinum office building in Wiesbaden, developed by Frankfurt-based project developer OFB, with around 5,300 sqm of rental space for one of its institutional real estate funds.

Office & mixed-use development

POLAND PKO stays in Waterfront

schedule 13 August 2024
Opr./edited by NN

PKO Bank Polski has renewed its lease of 6,000 sqm of office space in the Waterfront mixed-use complex in Gdynia, which is being developed by Vastint Poland.

Investment & finance

CEE REGION Trigranit taken over by DRFG

schedule 13 August 2024
Opr./edited by NN

Brno-based investment platform DRFG has acquired a 100 pct stake in Hungarian developer Trigranit from Revetas Capital.

Warehouse & industrial

POLAND Good Point V up and running

schedule 13 August 2024
Opr./edited by NN

Occupancy permits have been granted for two of the three buildings under construction in the Good Point V warehouse and production park in Łubna, 23 km southeast of central Warsaw.

Events

POLAND Winning for families on the beach

schedule 12 August 2024
Eurobuild CEE

The 13th JLL Real Estate Beach Volleyball Charity Tournament, which took place earlier this month, has raised over PLN 800,000 to build the third Ronald McDonald House at a paediatric hospital in Poland.

Hotels

Poland B&B Hotel opens in Warsaw

schedule 09 August 2024
Opr./edited by ANZ

B&B Hotels Polska has signed a 20-year lease for the facility at ul. Kosmatki in Warsaw. B&B Hotel Warsaw East will start receiving guests in September this year. The new four-star hotel will be the second facility of the B&B Hotels chain in Warsaw and the 15th in Poland. 

Public buildings

Poland District court building for Łódź

schedule 09 August 2024
Opr./edited by ANZ

A consortium of Balzola Polska, Lantania and EBS Bud has signed a contract for the construction of a building for the District Court for Łódź - Bałuty and Polesie and the District Court for Łódź Śródmieście. The value of the contract is approx. PLN 267,6 mln gross.

Warehouse & industrial

Poland Lighting manufacturer's factory almost ready

schedule 09 August 2024
Opr./edited by ANZ

Trilux is preparing to open its new factory in Świdnik. The 23,000 sqm facility is being built by Panattoni for the lighting manufacturer. The investment will enable the Trilux Group not only to increase production, assembly capacity and improve logistics in this part of Europe, but also to develop new products and carry out administrative and IT activities.

Office & mixed-use development

Poland Tech industry in Puzzle Office

schedule 09 August 2024
Opr./edited by ANZ

The modern space provided by Puzzle Office, an operator of serviced offices at Norblin Factory, has been chosen as the headquarters for four tech companies – Rits Professional Services, Farada Group, Persooa, and Content Compass.

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