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Poland

Panattoni sells two logistic parks in Lublin and Silesia West

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.
Friday, 29. July 2022

Where can real estate investors find 5%+ yields in Europe?

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.
Wednesday, 27. July 2022

TAG Immobilien completes capital increase

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.
Tuesday, 26. July 2022

BowArte Home moves in Globis Wrocław

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.
Friday, 22. July 2022

All for One Poland becomes new tenant in Arkońska Business Park

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.
Monday, 18. July 2022

NTT chooses Warsaw UNIT as new headquarters

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.
Monday, 18. July 2022

Office renewals almost double in Warsaw

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...
Friday, 15. July 2022

Garbe acquires €650 million seed portfolio for new GLIF+III fund

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.
Wednesday, 13. July 2022

LKQ Europe invests in warehouse for ELIT Polska near Krakow

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 ...
Tuesday, 12. July 2022

Warimpex acquires Red Tower in Lódz from Octa RT

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.
Thursday, 7. July 2022

Peakside closes a value-add CEE venture with 20% IRR

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.
Wednesday, 6. July 2022

European office vacancy rates stabilise at 7.2%

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%.
Tuesday, 5. July 2022

Anna Osiecka joins Office Tenant Representation at Newmark Polska

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.
Monday, 4. July 2022

Unico leases additional 11,250 sqm from Logicenters

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.
Monday, 4. July 2022

Increased enquiries for SBU and LML space in CEE-15 countries

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...
Friday, 1. July 2022

Invesco, Panattoni sell airport logistics park in Gdansk to EQT

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.
Thursday, 23. June 2022