Poland

Heimstaden Bostad AB announces the acquisition of two build-to-rent projects in Warsaw from the French developer and contractor, Eiffage, which also will act as the general contractor.

Skanska has sold the second building from the Spark office complex in Warsaw to Stena Fastigheter AB. For the Swedish investor it is the first property acquisition in Central and Eastern Europe. The transaction proves that the quality office properties designed and developed with a special focus on people’s health and well-be...

Colliers Internationalannounced that Maciej Plichta took up the position of New Technology Solutions Manager in Colliers‘ office in Warsaw. His duties will include supporting the company and its clients in advising on new technologies, as well as presenting and implementing specific solutions. Maciej will also take care of th...

Cornerstone Partners to announce that it will strengthen its team with another world-class expert. Paweł Dębowski is an outstanding real estate lawyer, who will join Cornerstone Partners as Managing Partner at the beginning of next year. He will supervise all issues related to the fund’s investments and management.

The third quarter in Poland’s industrial sector saw a fairly positive sentiment among tenants and developers. At the end of September, the country was the second most active market in Europe in terms of net demand and the amount of space delivered. Warehouse investments in Poland were approximately € 2.2 billion between Janua...

Panattoni is further expanding its Polish project pipeline with two new investemtns. The developer has purchased a 12.56 ha plot in the Warsaw region and the Wrocław Business Park from Aviva Investors, with development land of ca. 10.5ha.

Hines has acquired a major logistics park in a prime strategic location in Poland on behalf of the Hines Pan-European Core Fund (HECF) from GLL Real Estate Partners (GLL) for an undisclosed price. This is the second transaction from GLL in this month. At the beginning of the month, the Macquarie subsidiary sold a logistics fa...

Blackbrook Capital has acquired a 100,000 sqm Class-A logistics facility in Poland and a cross-dock logistics facility in the Glasgow City region in Scotland. Both transaction prices were not disclosed.

The Mennica Legacy Tower high-rise, located at the junction of Prosta and Żelazna streets in Warsaw’s Wola district, has obtained a valid occupancy permit. The main tenant, mBank #link(50885)#, will move into the 140-metre-tall building as early as November.

JYSK has expanded its sales area by 30% at the Eden Retail Park in Zgorzelec. After the signing of the contract, the store will occupy an area of 1,400 square meters and will open in a renewed concept in 2021. Before the expansion, JYSK will continue to operate in its current format.

Commercial property investment volume surpassed €4 billion in the nine months to Q3 2020, down by 12.4% on the same period in 2019. Logistics accounted for nearly half of the investment activity while offices made up 38% of the transaction volume in Q1-Q3 2020.

238,300 sq m of office space was delivered to the Warsaw office market in the first three quarters of 2020, reveals Cushman & Wakefield.

Despite the challenging times, one of the most advanced buildings in the office part of Warsaw’s Mokotów has changed hands. HB Reavis has sold Postępu 14 to Ca Immo. The purchase price is approximately € 87 m, with annual gross rental income of around € 6.5 m, reflecting a 7.5% gross initial yield. Following the sale of Zagre...

Cromwell Property Group has signed a four-year lease extension with UBS Business Solutions for 5,000 sqm of office space at the Green Office Complex in Kraków on behalf of Cromwell European Real Estate Investment Trust (CEREIT).

Berlin Hyp is providing East-West Development Office Sp. z o.o. - owned by the Jongen Family Office - with a loan of € 48 million to refinance the existing debt on the property known as Orange Office Park in Krakow/Poland. This modern office complex offers almost 30,000 m² of retail and office ...

Partners Group will pay c. €200 million for selected real estate assets of the Krakow-based Buma Group on behalf of its clients. Funds managed and/or advised by Partners Group will acquire nine newly built, largely occupied office buildings from Buma's portfolio and two assets under construction with a total leasable area (GL...

Due to the prolonged COVID-19 epidemic, some tenants on the Warsaw office market are postponing relocations, looking for sublessees or downsizing their offices. According to the Cresa Polska report „Occupier Economics: Office market in Warsaw in the third quarter of 2020“, office take-up amounted to 113,000 m² in Q3 2020, whi...

PineBridge Investments has reached an agreement to acquire Benson Elliot Capital Management. Financial details of the transaction are not being disclosed and the transaction is subject to certain customary regulatory and other approvals.