News

Office & mixed-use development

Poland Vena in Warsaw

PHN is starting construction of the Vena office building in Warsaw's Wola district. Development will take two years and the estimated cost of the investment is around PLN 200 mln.

Eurobuild FM

Poland The special edition – summaries and forecasts (ep. 3)

After the Christmas break, we are back with a special edition of Eurobuild FM! We asked the best market experts to summarize the past year and to give some forecasts for 2024 - in the first episode in the New Year, Rüdiger Dany, CEO at NEPI Rockcastle, shared his opinion especially with the readers of "Eurobuild".

Investment & finance

Europe Another hundreds of millions on retail

Mitiska REIM has announced the sale of five Belgian and five Portuguese retail parks to First Retail Partners, a newly established fund backed by Partners Group. The new fund has a gross asset value of around EUR 280 million and will be managed by Mitiska REIM and backed by Partners Group.

Investment & finance

Czech Republic Olympia changes hands

Immofinanz took over two properties from its majority shareholder, CPI Property Group – the Olympia Plzen shopping center and the adjacent retail park, the total value of both properties is EUR 165.5 million.

Events

Merry Christmas!

Investment & finance

Romania Drim joins Żabka Group

Żabka Group concluded the acquisition of a majority stake, forming a partnership with one of the leading FMCG distribution players in Romania – Drim Daniel Distributie. The transaction is subject to the customary regulatory approvals.

Land acquisitions

Austria Laufen Austria got a new owner

Laufen Austria site in Wilhelmsburg has been sold to a private investor. The zone combines two sites with a total area of approx. 75,000 sqm and a building stock of around 58,500 sqm.

Investment & finance

Poland 25 million for Panattoni

Panattoni has been awarded financing to develop Panattoni Park Łódź West II – one of the biggest industrial projects in the western part of Łódź. A loan of EUR 25 mln has been granted by mBank.

Warehouse & industrial

Slovakia CTP expands in Košice

CTP has announced the 30,000 sqm expansion of CTPark Košice in Slovakia following two pre-lets. The expanded area will be a class-A industrial park boasting facilities tailored for logistics, distribution and light industry.

Investment & finance

Poland Panattoni sells two industrial parks

Panattoni has finalised the sale of two industrial developments near to the administrative capital of the Lower Silesian region. Together, Panattoni Park Wrocław East, and Panattoni Park Wrocław S8 South comprise a total area of almost 43,000 sqm.

Investment & finance

Poland Ghelamco sells Warsaw Hub hotel tower

Ghelamco has finalised the sale a high-rise building forming part of The Warsaw Hub complex, which houses the Crowne Plaza and Holiday Express Inn hotels, to French fund Corum XL for an undisclosed sum.

Warehouse & industrial

Poland Garbe goes big in Brandenburg

Garbe Industrial Real Estate has purchased a 420,000-sqm plot of land in the Berlin area. Construction is expected to start in the Q4 2027 once building rights have been obtained and the site has been developed.

Office & mixed-use development

Europe Office occupancy rate steadily rises

Average office occupancy rates across eight major European markets have risen in the last six months from 55 pct to 57 pct, says Savills, however on Tuesdays and Wednesdays the average is 64 pct and 62 pct respectively, closer to the pre-pandemic rate of circa 70 pct.

Warehouse & industrial

Poland Panattoni hands over another park

Panattoni has completed the third stage of Panattoni Park Zielona Góra III which is now 80 pct leased. ECE Logistics remains the largest tenant with its largest single-location lease being in the centre.

Investment & finance

Poland Vastint set to buy Arkady Wrocławskie

Develia and Vastint Poland have signed a preliminary agreement for the sale of Arkady Wrocławskie. The net sale price was set at EUR 42.9 mln, or app. PLN 185.6 mln. The transaction is expected to be finalised by the end of August 2025.

Warehouse & industrial

Romania Mediapost Hit Mail takes 19,000 sqm in Bucharest

Mediapost Hit Mail has leased 19,000 sqm of space including warehousing and office area in Chitila Logistics Hub, the industrial park developed by Global Vision and Globalworth in Bucharest. The company will operate logistics and e-commerce services for companies in the retail, FMCG, energy and services sectors.

Eurobuild FM

Poland The special edition – summaries and forecasts (ep. 2)

Welcome to the hottest episode of the special New Year's edition of Eurobuild FM! We are asking the most important players on Europe's investment market to summarise the passing year and to give us their forecasts for 2024. Today, we speak to Piotr Trzciński, head of Poland at Savills Investment Management.

ESG

Czech Republic Interest in sustainability is growing

With the upcoming introduction of mandatory non-financial reporting, which will require companies to report on how they are performing in the areas of environment, employee relations, and ethical working practices, industrial and logistics companies are taking a keener interest in sustainable solutions, shows the research by Colliers.

Office & mixed-use development

Poland Lakeside ready for use

Warsaw's Lakeside office building has been granted a use permit. Future tenants of the building, currently 80 pct leased, include companies from the medical, energy and IT sectors.

Office & mixed-use development

Poland Epam opens new HQ in Brain Park

Epam Polska has opened a new Kraków office in Brain Park office complex. The company is based in almost 8,500 sqm of office space in two buildings connected by a shared terrace.