News

Retail & leisure

Poland San Park Piaseczno is ready 

schedule 27 August 2024
Opr./edited by ANZ

San Park Piaseczno, the largest retail park currently under construction in the Mazovia voivodship, will open on 4 September. The retail park, offering a total of nearly 40 shops of brands from many sectors, was fully commercialised a few weeks before the opening.

Office & mixed-use development

Poland Doraco chooses Nowy Saski Crescent

schedule 27 August 2024
Opr./edited by ANZ

Doraco has leased 1,000 sqm in Warsaw's Nowy Saski Crescent office building. The company will move into the building owned by CA Immo later this year.

Warehouse & industrial

Romania VGP welcomes Miele Tehnica in Brașov

schedule 27 August 2024
Opr./edited by ANZ

VGP has signed a lease agreement with Miele Tehnica Brașov, a subsidiary of the German Miele group, for 2,000 sqm, within VGP Park Brasov. The company will use this space to assemble motors and pumps for Miele appliances.

Warehouse & industrial

Poland Good Point V fully commercialised

schedule 27 August 2024
Opr./edited by ANZ

Real Management has signed an agreement with Sales Service for the lease of more than 5,000 sqm of warehouse and office space at Good Point V warehouse and production park in Łubna near Warsaw. The facility has thus been fully commercialised.

Residential

Poland StudentSpace starts in Kraków

schedule 23 August 2024
Opr./edited by ANZ

StudentSpace, a student housing platform, launched earlier this year by Signal Capital Partners, Griffin Capital Partners, and Echo Investment, announced the start of the construction of its first investments.

Retail & leisure

poland Shoppers flock to Big Gorzów

schedule 23 August 2024
Opr./edited by ANZ

The Big Gorzów retail park opened a month ahead of schedule. The park was built on an 8 ha site in the north-eastern part of Gorzów Wielkopolski. It will serve 160,000 buyers from the city and the region. On the day of the opening, around 10,000 visitors had visited by 2 pm.

Hotels

Romania Gradual increase in demand

schedule 23 August 2024
Opr./edited by ANZ

According to data from Cushman & Wakefield, the Bucharest hotel market is experiencing the highest supply growth among the CEE capitals between 2024 and 2026. The demand in the first half of the year compared to the same period of 2023 experienced an increase of 3 pct, however, it remained below the 2019 level.

Investment & finance

Poland EREF buys BIG in Kraków

schedule 22 August 2024
Opr./edited by ANZ

Eika Real Estate Fund has acquired the BIG office in Poland, in the central part of Kraków, which is let to State Street Bank. The fund plans to further expand its investments in logistics, offices and retail parks in Poland.

Warehouse & industrial

Poland Poland records the highest warehouse take-up in Europe

schedule 22 August 2024
Opr./edited by ANZ

According to the latest report from Cushman & Wakefield, the Polish industrial market saw a marked upturn in occupier activity in Q2 2024, reporting the highest leasing volume in Europe. In addition, Poland’s total industrial stock is poised to soon surpass the 35 mln sqm mark.

Warehouse & industrial

Czech Republic Fiege gets 18,000 sqm in CTPark Žatec

schedule 22 August 2024
Opr./edited by JC

CTP has handed over a newly completed 18,000 sqm industrial and logistics building in CTPark Žatec to Fiege, a provider of logistics and transport services in Europe.

Investment & finance

Poland BTS Warsaw West in new hands

schedule 22 August 2024
Opr./edited by ANZ

Logistics platform Trademarc has sold a warehouse in Teresin, near Warsaw. The area of the BTS facility is almost 37,600 sqm.

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.

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