Office & mixed-use development
The technology company Spyrosoft has extended its lease in the Nowy Targ office building in Wrocław. Employees have at their disposal roughly 2,800 sqm of office space.
Material partner
Intensive commercialization of the multifunctional Fern building under construction at Off Piotrkowska Center has begun. A modern building, the construction of which will start at the turn of 2024/2025, offers 4,700 sqm of service space and 2,700 sqm of office space.
Warehouse & industrial
Panattoni has delivered new space within Panattoni Park Tricity East III. Alfa Warehouses, a company specialising in warehouse logistics, is commencing its operations in the Gdańsk investment.
Office & mixed-use development
Bechtel has chosen Equator IV in Warsaw, an office building in CPI Property Group’s portfolio, to be the location of the head office of its Polish branch. The American company is to build the first nuclear power plant in Poland in Choczewo, Pomerania.
Warehouse & industrial
Maxprint, a wholesaler of office machinery and equipment, has renewed its lease at MLP Pruszków II logistics centre. The tenant currently occupies almost 3,200 sqm of warehouse space in the complex.
Eurobuild FM
We invite you to listen to our still hot Eurobuild FM podcast! Christopher Mertlitz, managing director and the head of European investment at W.P. Carey, shares his opinions exclusively for Eurobuild's readers!
Warehouse & industrial
CTP signed a contract with Scan Global Logistics for almost 13,000 sqm of space in CTPark Budapest East’s ULL2 Hall In December 2023. The logistics provider has already taken an additional 7,800 sqm of leased space in Q1 2024 in the ULL3 building, which is currently undergoing BREEAM certification.
Retail & leisure
The Cepelia pavilion at the junction of Al. Jerozolimskie and ul. Marszałkowska in Warsaw is undergoing renovation. A three-storey Empik store with a total area of 1,300 sqm will open in the building.
Investment & finance
Euro Real Estate, a member company of the Wilhelm von Finck Group, acquired the City Tower Vienna from Immofinanz. With a purchase price of more than EUR 150 mln, this sale is the largest transaction in the office segment of Austria’s real estate market to date in 2024.
Construction
In Berlin Hyp’s most recent Trendbarometer, more than 200 real estate professionals expressed their opinions on opportunities and risks in the real estate industry at the moment. In addition, the expert survey focused on the effects of megatrends such as demographic developments, digitalisation and urbanisation.
Residential
135 of the 650 residences have already been sold in the pre-sale phase of JTRE’s new Downtown Yards project. The mixed-use neighbourhood in Bratislava is currently under construction.
Investment & finance
CPI Property Group has signed a commitment agreement with British company Sona Asset Management regarding a proposed equity investment of EUR 250 mln in Poland.
Material partner
Last week, Nordbygg, Northern Europe’s biggest trade fair for professionals in construction and real estate industry, took place at Stockholmsmässan in Ävsjö, Sweden. 35,000 visitors attended which, combined with the 5,000 people on the stands, gives a total of 40,000 participants. New features for Nordbygg 2024 included the strong involvement of the City of Stockholm and a popular online app.
Warehouse & industrial
According to data from Colliers, a trend called Shell & Core is gaining momentum in the Czech Republic. This is a strategy where developers construct and build out industrial buildings to the stage of providing basic structures and infrastructure and wait for buyers.
Eurobuild FM
EUR 115 bln – this is the amount the Swedish government and local authorities intend to invest in construction and infrastructure projects in the Stockholm region by 2040. The biggest problem for this investment is not financing, but... the lack of contractors. This opens up a huge opportunity for Polish companies – and not only those in the construction sector!
Warehouse & industrial
Panattoni has started construction of the new International Consolidation Centre (ICC) for Mercedes-Benz in Bischweier.
Investment & finance
Redkom has announced that it has finalised the sale of a retail park under construction in Bielsko-Biała to Newgate Investment. The 17,000 sqm retail park is scheduled to open in November this year.
Investment & finance
Experts gathered at ULI Poland's annual Game Changers in the Real Estate World conference agreed that current market conditions are creating a window of opportunity for real estate investors willing to act quickly and thoughtfully. Smaller transactions by regional players dominate for the time being, but there is hope for a gradual return of major international players to the Polish property market.
Warehouse & industrial
CTP has signed a lease agreement with the logistics service provider for an additional 2,000 sqm, thus the company will occupy a total of 13,000 sqm at the facility.
Retail & leisure
Wood & Company is planning the final third tranche of its acquisition of a stake in the Aupark shopping centre in Bratislava. The facility is currently undergoing an extension, which will increase its space by 6,000 sqm. In the summer, a huge green façade will be built on the new part.
The investment programme until 2030 worth more than PLN 1.5 bln has been approved for Katowice's Wojciech Korfanty Airport. The programme will include more than 20 projects, with the construction of a passenger terminal, a cargo terminal, a technical hangar, as well as taking into account changes to the airport's transport system.
Electrum is building a 200 MW solar farm for EDP Renewables. The project will be built on 245 hectares in the Przykona municipality in the Greater Poland voivodeship. The investment is being carried out in record time of less than a year. The engineering work is scheduled to be completed in autumn 2023.
Mazowiecki province has issued a ZRID permit for Mostostal Warszawa to construct a 12 km section of the S7 expressway between Załuski and Modlin, north of Warsaw.
Swiss railway terminal operator Hupac has completed the development of a railway terminal in Brwinów, about 30 km west of Warsaw city centre.
A tender has been announced to reconstruct pl. Trzech Krzyży in Warsaw.
Mostostal Warszawa and Acciona Construcción are starting work on a 10 km section of the S19 from Rzeszów Południe to Babica.
Development work on another section of the S74 expressway has begun with the signing of a PLN 557.7 mln contract to design and build the 16.4 km stretch of road between the Przełom/Mniów and Kielce Zachód junctions.
A permit has been issued for the construction of the ZRID S19 expressway from Rzeszów to Babica.
The European Investment Bank has loaned Bank Gospodarstwa Krajowego EUR 250 mln for its Krajowy Fundusz Drogowy [National Road Fund] to build the S3 expressway from Świnoujście to Szczecin.
A 20.17 km section of the S61 expressway has been opened between Wysokie and Raczki.
Permission has been granted to open the road tunnel that forms part of Warsaw’s southern bypass running underneath the city’s Ursynów district.
Czech construction group Geosan has finalised the 100 pct acquisition of Slovak construction firm Váhostav – SK.
Czech industrial developer CTP is to build a cargo terminal at the airport in Oradea in western Romania, after being selected to carry out the project in a tender held in August.
Austrian construction firm Strabag, together with its consortium partners, has won two Prague metro contracts – the refurbishment of Jiřího z Poděbrad station and the construction of the first section of line D of the underground railway.
Austrian construction firm Strabag has been awarded an EUR 111 mln contract to build a 19 km dual carriageway between Oradea and the A3 motorway.
Warbud is to rebuild a road bridge over the river Warta in Kostrzyn nad Odrą, close to the Polish-German border.
Skanska has been awarded a contract worth more than CZK 1.95 bln (app. EUR 77 mln) from the Czech highway authority to build a section of the D55 motorway in the area of Staré Město in Moravia.
Mostostal Warszawa has signed a contract worth nearly PLN 30 mln with PKP Intercity to renovate the train depot at the Wrocław Główny railway station.
The city of Warsaw has just announced a tender for a footbridge across the Vistula river.
Skanska and Elzel have been awarded a contract by Správa železnic (the Czech Railway Administrator) to upgrade a 7.4 km stretch of railway in Pardubice, around 100 km east of Prague.
Dutch studio Benthem Crouwel Architects together with Czech architects OVA have won the competition to redesign a quarter of Vítězné náměstí (Victory ...
In Berlin Hyp’s most recent Trendbarometer, more than 200 real estate professionals expressed their opinions on opportunities and risks in the real e ...
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
Panattoni BTS and Commercecon together support the establishment of the second Centaurus Foundation centre in Poland to help horses and other animals.
Shopee is ending its operations in Poland. The Asian e-commerce platform, which debuted in Poland in 2021, intends to focus on operations in other reg ...
Kreo, Ghelamco's Kraków office project, has achieved BREEAM certification at the Outstanding level. The building also has a WELL and Green Building St ...
Eurobuild Awards 2023 is behind us, but if you haven't yet gotten your hands on the special "Eurobuild" supplement prepared for the Gala evening, you ...
The next edition of our monthly magazine is now available both in paper and digital versions! Traditionally, the new issue was first sent to our confe ...
We invite you to listen to our still hot Eurobuild FM podcast! Christopher Mertlitz, managing director and the head of European investment at W.P. Car ...
We regret to inform you that Piotr Kroenke, long-time general director of GTC and co-creator of many of the company's successes, has passed away.
This latest episode of 'Eye to Eye' is hot out of the podcast oven and ready to listen to! Eurobuild’s guest today is Paweł Sapek, the head of Prologi ...
The UN Nansen Refugee Award award will go to Poland for the first time. According to the office of the UNHCR High Commissioner this year's regional wi ...
Czech developer CTP has been granted a EUR 200 mln loan from the European Investment Bank for the roll-out of its large-scale solar panel installation ...
IHG Hotels & Resorts and Novum Hospitality announced a long-term agreement that will double IHG’s presence in Germany to more than 200 hotels in almos ...
Kamil Kowa has become the new CEO of Savills in Poland. He is a member of the management board of the company, and for the past nine years has held th ...
The investment programme until 2030 worth more than PLN 1.5 bln has been approved for Katowice's Wojciech Korfanty Airport. The programme will include ...
Designers from Colliers, under the supervision of architect Kateřina Štenclova, prepared the concept for the Mercedes-Benz headquarters in Prague. The ...
Euro Real Estate, a member company of the Wilhelm von Finck Group, acquired the City Tower Vienna from Immofinanz. With a purchase price of more than ...
CTP has expanded its Polish land bank by nearly half a million sqm. The company has purchased investment land in four locations that provide the oppor ...
Last week, Nordbygg, Northern Europe’s biggest trade fair for professionals in construction and real estate industry, took place at Stockholmsmässan i ...
The technology company Spyrosoft has extended its lease in the Nowy Targ office building in Wrocław. Employees have at their disposal roughly 2,800 sq ...
EPP is taking over the management of nine M1 shopping centres and three Power Parks from Metro Properties Polska. Some of Metro Properties Polska's em ...
Echo Investment and its subsidiary Archicom have started the construction of a primary school for 450 pupils on ul. Konstruktorska in the Służewiec su ...
135 of the 650 residences have already been sold in the pre-sale phase of JTRE’s new Downtown Yards project. The mixed-use neighbourhood in Bratislava ...
The Cepelia pavilion at the junction of Al. Jerozolimskie and ul. Marszałkowska in Warsaw is undergoing renovation. A three-storey Empik store with a ...
The Symbiosy smart building platform developed in-house by Slovakian developer HB Reavis has been acquired by Massachusetts-based real estate experien ...
Panattoni has delivered new space within Panattoni Park Tricity East III. Alfa Warehouses, a company specialising in warehouse logistics, is commencin ...
An open door to redefining the commercial real estate market in Poland
An open door to redefining the commercial real estate market in Poland
Walter Herz
The investment slowdown in the commercial real estate sector that we have been observing in Poland for over a year is primarily the result of the tightening of monetary policy arou ...
The retail sector is not slowing down
The retail sector is not slowing down
Walter Herz
The pandemic, conflict in Ukraine as well as inflation and high interest rates that recent years have brought have reshaped the real estate market around the world. The global slow ...
Retail parks – current opportunities
Retail parks – current opportunities
Avison Young
Over the last few years, retail parks in Poland were mostly developed in smaller formats, around 5,000 sqm, either adding to the existing retail landscape or introducing modern ret ...