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TAG Immobilien suspends dividend again

In view of its positive operating results in the first nine months of the year, TAG Immobilien has confirmed all forecasts for 2023. FFO of EUR 170m to 174m is expected for this year. However, in order to further strengthen its capital base and secure the financing of new high-yield projects in Poland, the company intends to ...
Tuesday, 14. November 2023

Panattoni completes next stage at its Park Gdańsk West II

Panattoni is expanding its Pomeranian portfolio. The developer has completed the next stage of Panattoni Park Gdańsk West II, and the current area – 73,000 sq m – has been rented out at about 90 per cent even before finalization. The company has exceeded 600,000 sq m of space delivered in the region and is building another 70...
Thursday, 9. November 2023

SLT Trans Logistic leases at Panattoni Park Gdansk West II

SLT Trans Logistic decided to open its first buffer warehouse in Poland within Panattoni Park Gdansk West II. The tenant will occupy more than 4,900 sqm of logistics and office space in Panattoni's Tricity investment. SLT Trans Logistic was represented in the transaction by AXI Immo.
Tuesday, 7. November 2023

Savills IM signes 30,000 sqm lease in Park Szczecin Trzebusz

Savills Investment Management has signed two lease agreements at Park Szczecin Trzebusz totalling almost 30,000 sqm. The new tenant of the warehouse centre in Szczecin is Autodoc Logistics. Furthermore, one of the current tenants, Hegen Europe, has decided to expand its space as part of the logistics park within the Savills I...
Tuesday, 7. November 2023

pbb provides €75mn for CEDET office building Warsaw

pbb Deutsche Pfandbriefbank has provided a €75mn investment loan facility to a Polish company managed by Macquarie Asset Management on behalf of institutional investors. The loan will be used for the refinancing of CEDET office building in Warsaw. pbb acted as arranger and sole lender under the facility.
Tuesday, 7. November 2023

Marcin Juszczyk as ULI National Council Chair Poland

The Urban Land Institute (ULI) has announced the appointment of Marcin Juszczyk, Chief Investment Officer, Chief Financial Officer and Board Member, Capital Park, as the Chair of ULI Poland. He officially began his term in October 2023, and will serve on a voluntary basis for the next two years. Marcin succeeds Søren Rodian O...
Tuesday, 7. November 2023

Arrow Capital Partners completes 3,000 sq m of leases in Warsaw

Arrow Capital Partners has completed two leases totalling 3,000 sq m at its logistics assets around Warsaw. Both leases were completed at assets acquired for Arrow’s Strategic Industrial Real Estate (SIRE) joint venture with Cerberus.
Tuesday, 7. November 2023

Avenga leases at Avestus' Infinity in Wroclaw

Avenga has been welcomed as a new tenant of the Infinity office building. Its new office will occupy over 700 sqm of modern space located on the 6th floor. The company will move to Infinity in Q2 2024.
Wednesday, 1. November 2023

Q3 sees robust office leasing activity in regional cities in Poland

According to “Office Occupier – Office Market in Regions”, a report published by real estate advisory firm Newmark Polska, in the third quarter of 2023, office take-up in Poland’s regional city office markets reached nearly 200,000 sqm, while the development pipeline was below 400,000 sqm. High vacancy rates in existing offic...
Tuesday, 31. October 2023

Futureal acquires Lipowy Office Park in Warsaw

Futureal has acquired the Lipowy Office Park in Warsaw from a global investment firm. The new owner plans to refurbish the buildings to achieve the ESG standards. The redevelopment and repositioning will be done in line with the „Office Impact Strategy“.
Monday, 30. October 2023

Office development activity in Warsaw slows down sharply

Cushman & Wakefield has released a summary of office market conditions in Warsaw. This year’s development activity is expected to fall to its lowest in nearly 25 years amid a record number of leases, falling vacancy rates and the continued upward pressure on rental growth.
Friday, 27. October 2023

Panattoni completes factory for Knorr-Bremse in Rzeszów

Panattoni tailored another manufacturing plant for a global player. Developer's BTS division officially opened the Knorr-Bremse factory in Rzeszów on October 17. The facility will employ at least 400 people and serve many European markets.
Thursday, 26. October 2023

Trei obtains building permit for rental housing project in Poland

Trei Real Estate GmbH has obtained the building permit for its first rental housing development in Poland. Named UP2U and consisting of three buildings, the development will create a total of 460 one- to three-room apartments with a combined floor area of around 20,000 sqm in the immediate vicinity of the town centre of Poznan.
Thursday, 26. October 2023

Pradera’s Homeparks are practically fully let

Canal+ has opened a store in Homepark Janki, bringing this retail park in Warsaw to full occupancy. The picture is similar for other retail parks in Pradera’s portfolio, with the last vacant unit available for lease only in Homepark Targówek.
Wednesday, 25. October 2023

M Core expands its European rollout of Small Business Units

M Core has achieved success in the development of SBU warehouses under its Multipark brand, signing projects across Europe including Zabrze and Bydgoszcz and the construction of a new UK development at Multipark Burntwood.
Wednesday, 25. October 2023

Panattoni launches construction work for Raben's site in Poznan

Panattoni is to deliver 44,000 sqm to the Raben Group. The City Logistics Poznań III park, which is to be the largest development in this sector, will be built on the outskirts of the city on ul. Obodrzycka. This is not the first time the two companies have worked together this year in the Wielkopolska region.
Tuesday, 24. October 2023