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Panattoni Europe embarks on the largest project in the Warsaw region. The new facility, A2 Warsaw Park, will total 102,500 sqm of space and will be located next to the Grodzisk Mazowiecki Junction and the A2 motorway. The first tenant has already been secured – Raben Logistics Polska, taking up 30 per cent of the space. Proje...
Trei Real Estate has entered the housing development business in Poland and kicked off the sales drive for condominiums in Wroclaw. The developer’s first project is located at Marcelego-Bacciarellego 54 in Wroclaw. By the time of its completion, it will provide a total of 280 apartments, distributed across fourteen three-stor...
LaSalle Investment Management has acquired of a large logistics property in south-west Warsaw on behalf of the Encore+ fund. This property has been developed by Panattoni Europe.
LC Corp SA has closed the sales process for the Katowice’s Silesia Star and the Wrocław Retro Office House. The new owner of the two office buildings is Globalworth Poland Real Estate group. The final €113.175 million contract was signed on 19 July. It is LC Corp’s first sale of commercial property ever. The process is part o...
Savills has been appointed property manager of Wrocław Business Garden, a complex of three office buildings in the south-west of Poland, by ISOC Group, the scheme’s new owner.
Collaboration between Panattoni Europe and Amazon is not slowing down. The developer has delivered a 60,000 sqm online order fulfilment centre for Amazon in Okmiany near Bolesławiec (Lower Silesia). The project was built in line with the guidelines for BREEAM certification and is already the seventh joint project between the ...
Poland will continue to build on its appeal as central Europe’s largest real estate investment market and will continue expanding as it has for many years now, according to Deutsche Hypo’s latest Real Estate Special study. The study indicates that there is potential for growth in the office, retail, logistics and hotel real e...
X20 – a new office development of AIG and White Star Real Estate received €61m bank financing from Erste Group. Construction works have already started and the project completion is planned for the 2nd quarter of 2020. The building is already 56% leased.
At the end of the first half of 2019, Warsaw’s total office stock amounted to 5,543,700 sq m, up by 80,550 sq m since January, according to a report by Cushman & Wakefield. The city’s vacancy rate stood at 8.5%, equating to 427,900 sq m of readily available space, which represented a 2.5 pp decrease compared with the same per...
Benson Elliot, acting on behalf of its pan-European fund, Benson Elliot Real Estate Partners IV L.P., has acquired an office building in central Warsaw from an institutional fund.
Coca Cola HBC Polska has leased over 5,500 sq m of office space in the Business Garden complex in Warsaw. Experts from JLL advised Coca-Cola on the selection of the location, during the negotiation of lease terms, as well as preparing the company's long-term lease strategy. The JLL team was also responsible for workplace advi...
The Polish retail market is still very much alive. According to a summary of the first half of 2019 on the Polish retail market presented by Cushman & Wakefield, more than 230,000 sq m was added to the countries’s total retail stock across all formats in the first half of 2019; half of that total was delivered through new ope...
Cresa Poland has strengthened its Office Department. Kinga Kolberg (née Wawryło), an office real estate expert, has joined the company's Office Department as a Senior Advisor. Kolberg will support clients in lease negotiations and renegotiations.
Parties to the largest lease transaction in the history of the Polish office sector included Golub GetHouse and Mennica Polska SA, investors in the Warsaw-based Mennica Legacy Tower and mBank, which ultimately leased 45,600 sq m of the investment. One of the most modern and largest office buildings, it was fully commercialise...
Globalworth confirms the closing of the acquisition of two office buildings for a total transaction value of €113 million. Retro Office House in Wroclaw and Silesia Star in Katowice offer over 50,000 sqm of modern office space, and through the companies present in these properties add approximately 10,000 new employees and vi...
Moje Bambino has purchased a new production plant in Kutno. The modern facility with almost 11,000 sq m is located in the Łódź Special Economic Zone. The company will produce furniture and equipment for schools and kindergartens in the new plant. AXI Immo brokered the property purchase transaction.
Panattoni Europe invests €30,5 million (PLN 130 million) in Eastern Poland again. The developer has already created its second distribution centre in the Lublin region. Panattoni Park Lublin II features more than 84,500 sqm at full build-out. Its first tenant is an automotive enterprise – Varroc Lighting Systems, which will b...
Neinver has announced that sales across its outlet portfolio grew to €487m during the first half of the year, an 8% increase compared to the same period in 2018. The number of visitors to the 16-outlet-centre portfolio also rose by 3% to 21 million.
