News

Warehouse & industrial

Poland Glazing added to Panattoni Park West III

schedule 24 February 2023
Opr./edited by ANZ

Panattoni is launching the development of its latest park in the western part of the Kraków region - Panattoni Park Kraków West III. A double-glazing components producer is to take up a 9,400 sqm BTS building, which the developer is to deliver in Q3 of this year.

Investment & finance

CEE REGION Nepi Rockcastle breaks own record

schedule 24 February 2023
Opr./edited by ANZ

Nepi Rockcastle has reported a record net operating income of EUR 405 mln in its 2022 full-year results - up 17 pct from 2021 and driven by strong tenant turnover and base rental growth. This performance was achieved against a challenging economic background, marked by high inflation, rising interest rates and the energy crisis triggered by the war in Ukraine.

Retail & leisure

Poland Turawa Park ready for extension

schedule 24 February 2023
Opr./edited by ANZ

Focus Estate Fund will soon start work on the extension of the Turawa Park shopping centre in Opole. The end of the redevelopment is scheduled for the fourth quarter of this year.

Green projects

Poland Outstanding in Szczecin

schedule 24 February 2023
Opr./edited by ANZ

Panattoni has received an "Outstanding" rating under the BREEAM International New Construction system for Panattoni Park Szczecin III halls A and B. This is the first such high level of certification in the industrial real estate market in Poland for a newly built investment.

Office & mixed-use development

Poland B4B is off to good start for the year

schedule 23 February 2023
Opr./edited by ANZ

New leases, prolongations, and expansions have been signed for space in the Bonarka 4 Business office park in Kraków.

Office & mixed-use development

Poland Regions are growing in strength

schedule 23 February 2023
Opr./edited by ANZ

More than 600,000 sqm of modern office space was leased in 2022, with more than 170,000 sqm in Q4 alone. Last year, in terms of office stock, the regions overtook the capital city market, according to experts from BNP Paribas Real Estate Poland.

Office & mixed-use development

Poland Cube gets a green makeover

schedule 23 February 2023
Opr./edited by ANZ

Cube Office Park in Gdańsk is currently going through a green transformation process. The refurbishment of the reception lobby in building A, which was completed last year, is just a glimpse of what tenants may expect in the near future.

Interior design

Poland Saski Crescent eco-friendly and smart

schedule 23 February 2023
Opr./edited by ANZ

CA Immo is embarking on the modernisation of the Saski Crescent office building in Warsaw. The entire renovation is expected to be completed in 2024, and a showroom will open in the building as early as March to help demonstrate the building's space development options.

Warehouse & industrial

Poland Royal Canin again in Niepołomice

schedule 23 February 2023
Opr./edited by ANZ

Logicor has completed a strategic logistics site in Niepołomice for Royal Canin, a pet health nutrition manufacturer. Logistics services in the new warehouse are performed by FM Logistic.

Office & mixed-use development

Poland Time of the supply gap

schedule 22 February 2023
Opr./edited by ANZ

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

schedule 22 February 2023
Opr./edited by ANZ

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

schedule 22 February 2023
Opr./edited by ANZ

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

schedule 22 February 2023
Opr./edited by ANZ

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

schedule 22 February 2023
Opr./edited by JC

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

schedule 21 February 2023
Opr./edited by ANZ

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

schedule 21 February 2023
Opr./edited by ANZ

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

schedule 21 February 2023
Opr./edited by ANZ

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

schedule 20 February 2023
Opr./edited by ANZ

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

schedule 20 February 2023
Opr./edited by ANZ

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

schedule 20 February 2023
Opr./edited by ANZ

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.

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Edition 4 (297) April 2025

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