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Skanska sells „Spark“ in Warsaw to Stena Fastigheter for €70m

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...
Thursday, 3. December 2020

Colliers International in Poland strengthens its new technology team

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...
Monday, 30. November 2020

Paweł Dębowski joins Cornerstone Partners

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.
Monday, 30. November 2020

Poland is second most active industrial market in Europe

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...
Monday, 23. November 2020

GLL sells further Amazon logistics park in Poland

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...
Tuesday, 17. November 2020

Mennica Legacy Tower high-rise delivered

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.
Thursday, 12. November 2020

JYSK expands in Eden Retail Park in Zgorzelec

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.
Tuesday, 10. November 2020

Polish investment market performs strongly in Q3 2020 despite turbulence

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.
Thursday, 5. November 2020

HB Reavis sells Postepu 14 to CA Immo for €87m

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...
Monday, 2. November 2020

Cromwell secures 5,000 sqm office lease with UBS in Krakow

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).
Friday, 30. October 2020

Berlin Hyp provides loan of € 48 million for Orange Office Park

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 ...
Tuesday, 27. October 2020

Partners Group to acquire a portfolio of office assets from Buma Group

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...
Tuesday, 27. October 2020

Tenants on the Warsaw office market are showing caution

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...
Thursday, 22. October 2020