News

POLAND The Trzop Architekci studio is responsible for the comprehensive concept of L'Oréal House Warsaw – the new headquarters of L'Oréal Hub Poland and the Baltic States. The offices are located in Browary Warszawskie in Warsaw – a project developed by Echo Investment.

Investment & finance

M7 buys EUR 45 mln of Polish offices

Nathan North
managing editor (English section)

POLAND M7 Real Estate has announced that it has finalised the acquisition of three office assets in Poland in separate transactions for a total of EUR 45 mln, constituting the first tranche of capital deployed for the M7 Polish Active Fund.

Office demand still strong in Łódź

POLAND Over 56,000 sqm was leased in Łódź in 2018, down by 4 pct y-o-y, according to Cushman & Wakefield. The strong demand for office space in Łódź in the last four years has pushed down the vacancy rate to 8.7 pct.

Lublin office vacancy on the slide

POLAND Office vacancy in Lublin decreased by 4.2 pp in 2018 to 15.4 pct, reveals Cushman & Wakefield in its ‘Marketbeat’ summary of Lublin’s office market.

Coworking the crowd

EUROPE The growth in coworking is further evidence of the shift in employment towards the digital and technology-based sectors and away from traditional financial services, claims Cushman & Wakefield in its latest European Coworking Hotspot Index report .

Residential

Inhaus awarded Marvipol’s first Gdańsk project

POLAND Inhaus has been chosen as the general contractor to build the Dwie Motławy apartment building in Gdańsk. This is Marvipol Development’s first residential project outside Warsaw.

Public buildings

Five parties interested in Szczecin aqua park

POLAND A consortium of Alstal Group companies has submitted the lowest bid in a tender for the construction of an aqua park in Szczecin, although the price offered by the contractor (PLN 349.7 mln) is actually higher than the municipal budget allocated to the project.

Vending on a larger scale

LITHUANIA The Maxima supermarket at 9A Mokslininkų street in the Bajorai district of Vilnius has been upgraded and re-opened as an x format store of the chain. Almost 80 pct of its range of fresh food products are Lithuanian.

Public-private cable car with a view

RUSSIA Moscow city council has announced a competition for the right to build a cable car service to connect districts separated by a reservoir.

Residential

Stone in the port

POLAND Vantage Development and Rank Progress have laid the foundation stone for Port Popowice – a residential project they are jointly developing in Wrocław.

Fitter in Pasaż Tesco

Property and Facility Management

POLAND Fabryka Formy has opened a new 1,800 sqm fitness club in the Pasaż Tesco shopping centre on ul. Serbska in Poznań.

Knight Frank more busy in Wrocław

POLAND Knight Frank has been appointed property manager of the SQ Business Center in Wrocław – a boutique office building being developed by Antczak Investments.

Hotels

Accor launches service for MICE

WORLD Accor has launched its new booking platform for MICE events.

Retail & leisure

Vacancy rises on Warsaw’s high streets

POLAND Warsaw high street retail vacancy now stands at 13 pct – significantly above the 2.8 pct level of Warsaw’s 42 shopping centres and 5 p.p. higher than three years ago, says JLL.

Investment & finance

Generali RE buys Piękna 2.0

Nathan North
managing editor (English section)

POLAND Generali Real Estate, on behalf of its Generali Europe Investments Holding (GEIH) Fund, has acquired the Piękna 2.0 office building on ul. Piękna in central Warsaw from SO SPV 57 – an investment fund advised by Griffin Real Estate.

Office & mixed-use development

More work in Tulipan House for Savills

Office & mixed-use development

POLAND German property investor Commerz Real has appointed Savills as the exclusive leasing agent for Tulipan House in Warsaw’s Służewiec district. Savills has been the property manager of the office building since 2012.

Velux expands in The Park

POLAND Roof windows producer Velux Group has renewed and expanded its lease from app. 1,750 sqm to 2,300 sqm in The Park Warsaw complex in Warsaw’s Włochy district.

Good quarter for Romanian offices

ROMANIA About 124,500 sqm of office space was leased across Romania in Q1 2019 – a 41 pct y-o-y increase, according to JLL.

A trading floor... for real estate

Architecture and urban planning

POLAND The Prosta Giełda share trading site is to be launched on April 15th, designed for users to sell and purchase shares in commercial real estate on terms similar to those used on stock exchanges.

Model district in Wola