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Poland

CRIM sells student housing properties for €60m

Catella Residential Investment Management GmbH (CRIM) has sold two centrally located fully-let residential and student housing assets in Warsaw and Krakow in Poland to institutional investors in Austria and the Netherlands for more than €60 mln on behalf of Munich-headquartered AIFM platform Catella Real Estate AG (CREAG).
Thursday, 3. November 2022

CA Immo leases around 10,000 sqm office space at Warsaw Spire C

Since the beginning of the year, five companies have leased a total of 10,000 sqm office space in Warsaw Spire C, that is almost half of the building. The majority of contracts are renewals of existing leases, two contracts were concluded as green leases. Thanks to the good location and the high-quality standard of the office...
Wednesday, 2. November 2022

Panattoni launches construction of €161m industrial park in Upper Silesia

Panattoni is preparing to launch in the coming months construction of €161m industrial park Panattoni Park Katowice Airport in the Upper Silesia. The developer has purchased nearly 45 hectares of land on Ocbobert this year, and in the coming months will begin construction of Panattoni Park Katowice Airport.
Friday, 28. October 2022

Marcotran renews its lease in Park Poznań VI

Marcotran, an international logistics operator, has renewed its lease for 3,400 m² of warehouse and office space in Park Poznań VI which is managed by the pan-European Asset Manager Urban Real Estate Partner (UREP). The tenant was represented during the renegotiation process by Newmark Polska.
Wednesday, 26. October 2022

Minor uptick in vacancy rate on Warsaw office market

The Warsaw office market registered a minor uptick in vacancy rate and a constrained development pipeline during the third quarter of 2022, reveals Newmark Polska in its latest report “Office Occupier – Warsaw Office Market”.
Wednesday, 26. October 2022

Retail parks are going for it

Despite the deteriorating market conditions, 2022 will probably be another year with record level of new supply for the retail sector in Poland. According to estimates by Walter Herz, the domestic stock of retail space will increase by approximately 530,000 m². The largest volume, almost 350,000 m² of modern space will be pro...
Tuesday, 25. October 2022

Revetas Capital enters PRS sector

Revetas Capital is converting its prime office landbank portfolio of approximately 90,000 m² developable GLA in 3 major cities in Poland into residential, entering Private Rental Sector (“PRS”). The recapitalization of the portfolio should provide a capacity of up to 2,000 beds. The objective of the conversion is to build an ...
Tuesday, 25. October 2022

Unsettled mood in Europe’s retail markets

In a tough trading environment, retail markets across Europe have been affected in varying degrees by the direct and indirect impacts of price increases that are being driven by shortages of raw materials and higher energy costs and amplified by the war in Ukraine, which has now been raging for more than six months.
Monday, 24. October 2022

DL Invest leases 14,400 m² in Teresin to Dr Max

DL Invest Group is implementing the next stage of the DL Invest Park Teresin investment near Warsaw. Another warehouse with an area of ​​over 28,000 m² is being built on the premises of the complex. In the newly built warehouse, approximately 14,400 m² will be occupied by Dr Max, a leader in the pharmaceutical market in the C...
Monday, 24. October 2022

Union Investment acquires logistics property near Poznan

Union Investment has acquired a new logistics building in the Polish town of Wrzesnia, around 50 km east of Poznan. The town is situated in one of Poland's most important logistics hubs for online retailers and logistics companies with pan-European operations. The acquisition will be added to the holdings of institutional fun...
Friday, 21. October 2022

ECE starts international development of logistics properties

ECE expands its activities in the development of logistics properties to the international market and realizes a logistics project in Poland for the first time. With this project, ECE expands its well-established retail real estate business in Poland, which has been managed by its local branch for many years, to the logistics...
Friday, 21. October 2022

Mitiska REIM further expands in Poland

Mitiska REIM has today announced the opening of a new retail park development in the Polish city of Wagrowiec, in joint venture with local partner Karuzela Holding.
Tuesday, 18. October 2022

Panattoni moves forward with Flextronics complex in Tczew

Panattoni has moved forward with the 20,000 m² expansion of Flextronics International Poland Sp. z o.o.'s manufacturing and warehouse complex in Tczew. The ceremonial laying of the cornerstone took place on October, 11. The 80,000 m² factory now includes four buildings and is one of the company's largest facilities in Europe.
Thursday, 13. October 2022

Infinity building signs anchor office tenant

Divante, a Cloudflight company and a global provider of eCommerce solutions, has become one of the first tenants to commit to Infinity’s office space, leasing 1,900 m² of space on the sixth floor of the office building. Avestus Real Estate, the developer of the project being constructed at John Paul II Square in Wrocław, will...
Thursday, 13. October 2022

Avison Young launches office agency department

Since launching its presence in Poland in 2019, Avison Young has been providing a growing roster of clients with investment advisory and technical advisory / project management services. Following a service line expansion in August 2021 to include Valuation and Advisory, the company continues this momentum and is announcing i...
Wednesday, 12. October 2022

Savino Del Bene moves into Panattoni Park Tricity East VI in Gdansk

Savino Del Bene, an Italian-based provider of multimodal transportation services across the globe, has become a new tenant in Panattoni Park Tricity East VI, where it leased 8,000 sqm of warehouse and office space. The tenant was represented during the negotiation process by Newmark Polska.
Tuesday, 11. October 2022

Macquarie provides €123.4m loan to DL Invest

Macquarie Capital Principal Finance (Macquarie) has provided €123.4 million in the form of a senior secured loan to DL Invest Group. The three-year facility will be funded using capital from Macquarie’s balance sheet.
Thursday, 6. October 2022