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Poland

VMLY&R to sign lease agreement in Zabłocie Business Park B

VMLY&R has signed a lease agreement in Zabłocie Business Park B office building in Kraków. „ The Zabłocie Business Park B office building fully meets our requirements and will surely be an excellent place for our team to work. We are pleased with the decision to select this location,“ says Piotr Friedberg, Head of VMLY&R's Kr...
Tuesday, 11. May 2021

TAG Immobilien increases FFO to €45.6 million

TAG Immobilien AG has increased the FFO I in Q1 2021 to €45.6m or €0.31 per share (+8.6% year-on-year). This significant increase was due in particular to a €2.1m rise in the operating result (adjusted EBITDA) and lower income taxes. Overall, TAG generated consolidated net income of €34.5m in the first three months, up from €...
Monday, 10. May 2021

Colliers expands its EMEA Location Strategy team

Colliers announced that Jan Kamoji-Czapiński has joined its EMEA Location Strategy department, which was launched earlier this year. Kamoji-Czapiński took up the position of Associate Director and will be responsible for, among others, supporting companies in the development and implementation of location strategies.
Friday, 7. May 2021

7R to build two new city warehouses in Warsaw

7R has acquired land for two new last mile projects in attractive locations in the capital of Poland. The first will be built on Osmańska Street, near Chopin Airport, and the second - on Rzeczna Street in Targówek. These two projects represent the further expansion of 7R’s City Flex Last Mile Logistics portfolio in Warsaw.
Wednesday, 5. May 2021

Office market in Warsaw now exceeds 6 million sqm

Warsaw office sector saw the lowest volume of space under construction in 11 years along with relatively low tenant activity. However, the business services sector provides hope for the future. JLL has summarized the situation in the Warsaw office market at the end of the first quarter of 2021.
Tuesday, 4. May 2021

HB Reavis tops out the tower of Forest

HB Reavis has delivered the campus-style buildings of Forest, a project focused on incorporating natural elements and greenery in Poland's capital. Along with it, the company topped out the 120-metre-tall Forest tower.
Friday, 30. April 2021

Central Point in Warsaw topped out

Central Point in Warsaw has now reached its target height of 86 meters. The building, located at the intersection of two subway lines, consists of 21 floors, and will offer nearly 20,000 m² of space. Commercialization of Central Point will be handled by teams from JLL and CBRE on behalf of the owner, Immobel.
Monday, 26. April 2021

Poland's retail market attempts to catch its breath

According to JLL, between January and March 2021, nearly 93,000 sqm of retail stock was delivered, a result comparable to the same period last year. The structure of new supply included only two large-scale formats: stand-alone retail warehouses (55% of new space) and retail parks (31%). Convenience centres claimed the remain...
Monday, 26. April 2021

Warimpex receives building permit for office complex in Białystok

Warimpex has received a building permit for its office complex in Bohaterów Monte Cassino street in Białystok. As part of the project, buildings with a total area of 36,000 m² will be built in several stages. Class A office space will be supplemented with an underground car park and a retail/service area on the ground floor, ...
Wednesday, 21. April 2021

M7 acquires two urban logistics schemes

M7 Real Estate has acquired two modern urban logistics schemes (the “DUO” portfolio) in the Upper Silesia region of Poland on behalf of M7 CEREF II from Polish developer, 7R.
Tuesday, 20. April 2021

Aberdeen acquires €28.0 million logistics hub in Lodz

Aberdeen Standard European Logistics Income has signed a purchase agreement for the previously announced acquisition of a modern logistics and distribution property in Lodz. ASLI will acquire the asset for €28.0 million, representing a net initial yield of 5.6%, from logistics and industrial developer Panattoni.
Thursday, 15. April 2021

Panattoni develops green project for DB Schenker in Świdnik

Panattoni has developed another green project for DB Schenker. In Świdnik at the beginning of this year, a cross-docking terminal of around 5,165 m² was constructed and has now successfully completed its BREEAM certification with a rating of Very Good. In particular, high points were scored for the water system as well as the...
Wednesday, 14. April 2021

Immofinanz sells four office properties in Warsaw for €72.5 million

The company sells four office properties in the Polish capital with a total rental space of approximately 45,300 m² to the Hungarian Indotek Group. This transaction is in line with the strategy to focus the Warsaw standing investment office portfolio to the Myhive office brand and follows the €386 million investment in the Wa...
Monday, 12. April 2021

Karolina Furmańska joins the PRS team of Cushman & Wakefield

Karolina Furmańska has joined the Consulting & Research team of Cushman & Wakefield as a Senior Residential Analyst with responsibility for advisory to PRS clients. The new hire will also deliver transactional support to investors provided by the firm’s Capital Markets.
Monday, 12. April 2021

Pbb provides €115mn financing for a logistics portfolio acquired by Ares

Pbb Deutsche Pfandbriefbank has provided an investment loan facility totalling €115mn to a fund managed by the Real Estate Group of Ares Management Corporation, which will utilise the proceeds for the acquisition financing of a logistics portfolio in Poland. Pbb acted as arranger and sole lender under the facility.
Tuesday, 6. April 2021

Skanska invests €63m in the Nowy Rynek office complex

Skanska invests €63m in a new building in Nowy Rynek, a mixed-use project, located in Poznan. The 15-storey office building will have a total leasable area of around 28,500 m² and will offer approximately 230 underground parking places.
Wednesday, 31. March 2021