Poland

Panattoni has completed the sale of two Polish logistics parks in Lublin and the Silesia West region to a North American private equity investor. The two properties have a combined gross lettable area (GLA) of about 65,000 sqm.

As inflation and debt costs in Europe continue to rise, investors in real estate are having to look harder for the returns they need, according to Savills. To help with this, the international real estate advisor has identified a variety of asset classes in 14 local markets that still offer 5%+ yields.

TAG Immobilien AG has completed its capital increase resolved on 8 July 2022. The gross proceeds from the capital increase amount to c. €202m. The net proceeds will be used to partially repay the bridge facility in relation to the acquisition of Robyg S.A.

BowArte Home, a boutique furniture and homeware studio, has trusted Globe Trade Centre to locate its showroom by signing a lease agreement. The company will rent 256 m² of A-class space of the Globis Wrocław.

Primavera Parfum, the Polish leader in multichannel retailing and e-commerce in the beauty sector, has leased over 5,000 m² of customized class A warehouse space in Panattoni Park Warsaw North II.

All for One Poland, the leading SAP service provider in Poland, has signed a lease for over 270 m² of modern office space in Arkońska Business Park in Gdansk. During its search for an optimal location for its new office and negotiation of lease conditions it drew on the expertise of real estate advisory firm Newmark Polska.

Ghelamco has signed an agreement with IT specialist NTT. The organisation will occupy the 20th floor in the over 200-meter-high Warsaw UNIT skyscraper, benefiting from a total of 1,000 m² of state-of-the-art office space.

Occupier activity in the Warsaw office market remained relatively strong throughout the second quarter of 2022, while office availability continued to decrease further, pointing to a continued downward trend in vacancy rates, reveals real estate advisory firm Newmark Polska in its latest report “Office Occupier – Warsaw Offic...

With the new “Garbe Logistics Real Estate Fund Plus III” (“GLIF+III”) Garbe Industrial Real Estate GmbH establishes its first evergreen fund for core-plus logistics real estate. With a planned investment volumes of €5 billion, it is Garbe’s largest pan-European fund for institutional investors to date.

LKQ Europe is investing in a new central warehouse in Modlniczka, in GLP Krakow Airport Logistics Centre, a large logistics park serving Western and Eastern European markets. With its new central warehouse project near Krakow, LKQ is building a competitive advantage in local markets and expanding its logistics network across ...

Warimpex has acquired the Red Tower office building with a total area of more than 12,000 square metres in the Polish city of Łódź from Octa RT. The transaction was closed at the end of June 2022. This is Warimpex’s third investment in Łódź, following the andel’s hotel and Ogrodowa Office.

Peakside Capital Advisors has completed the disposal of the 240,000 m² portfolio of a CEE value-add real estate investment venture. Sales proceeds totalled over €160 million, generating an IRR of 20% and an equity multiple of over 1.7x for Peakside investors.

Panattoni has completed the €160 million sale of a portfolio of five fully-let logistics parks in Poland covering a total of 230,000 sqm GLA, to a North American real estate investment manager buyer.

According to Savills latest research, average European office vacancy rates have stabilised at 7.2%, having not moved since Q3 2021. This is partly due to a shortage of new deliveries of space and tenants withdrawing stock which was previously openly marketed. The ten-year average vacancy rate is 7.8%.

Newmark Polska has strengthened its Office Tenant Representation team with the appointment of Anna Osiecka as Associate Director. Her key responsibilities will include leading relocation processes and lease renegotiations on behalf of office occupiers.

The South Korean logistics company Unico is continuing to expand at BIK Wroclaw II. A pre-lease agreement has been signed to lease an additional 11,250 sqm of Logicenters' newly expanded facility in southern Poland.

The total stock of SBU (Small Business Units) / LML (Last Mile Logistics) space in the CEE-15 countries accounts for over 3 million m², but the development of this market is not evenly spread in this region. The largest amount of space is located in Poland (circa about 2 million m²), reveals a new report by Colliers: "ExCEEdi...

Invesco Real Estate and its joint venture partner Panattoni, have completed the sale of a Grade A logistics park with a total lease area of c. 110,000 sqm in Gdansk, on behalf of its strategic opportunities investment programme. The asset was sold to EQT Exeter.