Retail & leisure
Prague is the only city in the CEE region to boast a Prime High Street, a shopping street with only the most prestigious global brands. This location is Pařížská (Paris) Street, where currently 46 out of 48 available retail units are occupied.
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.
Retail & leisure
Mitiska REIM has opened a new food-anchored retail park in the Polish city of Świebodzin. Developed in partnership with Karuzela Holding, this is the tenth project undertaken by Mitiska REIM and Karuzela over the past five years, with five more developments planned to open over the next two years.
Office & mixed-use development
Already 64 pct of Warsaw’s office buildings offer at least one retail or service unit, reveals Retail @ Office, the latest report from Cushman & Wakefield. With new retail supply remaining low across the capital, retailers and service providers are increasingly looking for alternative locations.
Warehouse & industrial
Panattoni announces its expansion into the Middle East with the launch of an operation in Saudi Arabia. The company’s initial focus is on three of the largest Saudi Arabian cities: Riyadh, Jeddah and Dammam. The move marks a milestone for Panattoni in its ambition to capitalise on emerging opportunities in key global markets in the Middle East and Asia.
Office & mixed-use development
The Shire - Beyond Coworking in the Warsaw Spire C building was opened according to schedule. 40 pct of the 1500 sqm of office space has been leased even before the launch.
Land acquisitions
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 opportunity to build approximately 200,000 sqm of leasable space.
Investment & finance
The first fund investing in REITs, Mount Globalnego Rynku Nieruchomości FIZ, made its debut on the Warsaw Stock Exchange.
Warehouse & industrial
Panattoni has begun construction on a new industrial park in Będzin. The first stage of the work, that has already been launched, will comprise a 27,500 sqm building constructed on a speculative basis.
Office & mixed-use development
Two more companies have become tenants of Diuna, part of the Warsaw portfolio of Syrena Real Estate and PineBridge Benson Elliot. Intrum has leased nearly 370 sqm and Carrier Chłodnictwo took up about 500 sqm in the complex.
Investment & finance
Panattoni has completed a sales transaction in Germany. Clarion Partners Europe has acquired a prime logistics hub for EUR 75 mln near Duisburg.
ESG
Kreo, Ghelamco's Kraków office project, has achieved BREEAM certification at the Outstanding level. The building also has a WELL and Green Building Standard pre-certificate, and is also in the process of Smart Score, Wired Score and "Barrier-free building" certification.
Investment & finance
One United Properties has unveiled its strategy for the coming years. It plans to triple its residential offer by 2030, expand its commercial sector and build hotels in Bucharest in partnership with global brands.
Investment & finance
Baltisse and Straco Real Estate acquire majority stake in Speedwell, expanding reach into Romania and entering Polish market. Speedwell wants to spend at least EUR 1.5 bln on acquisitions in Poland in the coming years.
Land acquisitions
Garbe Industrial Real Estate has secured another plot of land in Rüdenhausen, Germany. The Hamburg-based project developer is planning a logistics centre with a total area of around 19,200 sqm on the site.
Warehouse & industrial
The JV of Partners Group and Peakside Capital Advisors has completed the construction of the first warehouse facility in City Point Targówek. The 7,000 sqm building fully leased to DPD Polska is the part of a complex which will provide nearly 100,000 sqm space in the biggest park of last-mile logistics in the Warsaw boundaries.
Retail & leisure
Cushman & Wakefield has summarised the situation on the Polish retail market. The opening of 2024 is encouraging and new retail space supply in the coming months is likely to match or even surpass last year’s total.
Residential
According to the Berlin 2024 Residential Market Report by real estate financier Berlin Hyp and real estate service provider CBRE, purchase prices have fallen, while pressure on the rental housing market continues to increase. As a result, rental prices are continuing to rise sharply.
Hotels
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 almost 100 cities through Holiday Inn – the niu brand collaboration and European debuts for IHG’s Garner and Candlewood Suites.
Warehouse & industrial
Hillwood Polska has started its first investment in the Poznań market. As part of the Hillwood Poznań - Czempiń project, the company is building a warehouse complex of nearly 130,000 sqm.
Already 64 pct of Warsaw’s office buildings offer at least one retail or service unit, reveals Retail @ Office, the latest report from Cushman & Wakefield. With new retail supply remaining low across the capital, retailers and service providers are increasingly looking for alternative locations.
The Shire - Beyond Coworking in the Warsaw Spire C building was opened according to schedule. 40 pct of the 1500 sqm of office space has been leased even before the launch.
Two more companies have become tenants of Diuna, part of the Warsaw portfolio of Syrena Real Estate and PineBridge Benson Elliot. Intrum has leased nearly 370 sqm and Carrier Chłodnictwo took up about 500 sqm in the complex.
The structure of The Bridge skyscraper in Warsaw's Wola district has reached its final height, i.e. 174 m. The builders have just completed the last technical floor. Installation and finishing works inside the facility and the assembly of the facade are in progress.
Two distinct trends have emerged in 2023: securing entry into prime new locations and optimising the portfolio through best value negotiations, all driven by a market with limited deliveries. After the first three months of this year, the office sector in Bucharest shows a positive fluctuation in terms of total leasing activity, being 71 pct higher than the same period last year.
LemonTree, in cooperation with Commercecon, has launched the construction of Booster Zabrze following the cornerstone ceremony for the project. The mixed-use development will ultimately offer more than 100,000 sqm of retail, logistics and office space, surrounded by landscaping — accessible to both tenants and local residents.
Trident BMC, which cooperates with maritime, shipbuilding and offshore industry clients, will continue as a tenant in C200 Office. It has renewed and expanded its lease to occupy more than 2,200 sqm of office space.
According to the latest survey by Colliers, regional cities in the Czech Republic are becoming an increasingly interesting alternative for investors looking for cheaper, yet high quality, office space outside of Prague.
After four years of a pandemic-induced disruption it is now clear that hybrid working is here to stay. New research from Cushman & Wakefield has found that 27 pct of Polish people combine in-office attendance with home office.
Cavatina Holding has obtained an occupancy permit for the Quorum A office building, one of the five buildings forming a multifunctional development on the banks of the Odra River. The building provides the Wrocław office market with 18,000 sqm of space spread over 12 storeys.
The Empira Group has secured the insurance company die Bayerische as a long-term tenant for 11,550 sqm of commercial space in the office complex The Source, currently being modernised in Munich.
Sonar Real Estate, acting in its capacity as asset manager, has let around 11,600 sqm of office space in three properties in Berlin. Five leases have been agreed.
The British law firm Clyde & Co has commenced operations in Poland and established its office in the V Tower building in Warsaw. The company has already acquired space on the 10th floor of the building, which Cornerstone Investment Management is currently renovating.
Polcast Media Group, the owner of Polonia 1 television, one of Poland's oldest commercial television stations, has recently secured a lease for circa 500 sqm in Trinity One office building located in Warsaw's Służewiec district.
The Loftmill label has joined the tenants of the .KTW I office building. Owned by Rise.pl, the company offers serviced offices and coworking space.
Warsaw's Diuna office complex from the Syrena Real Estate portfolio has welcomed a new tenant, JDE Peet's. The company's new 900 sqm office was designed by BIT Creative.
Revetas Capital and TriGranit have officially secured the occupancy permit for the second phase of Millennium Gardens in Budapest.
Vastint Romania is starting phase II of the Timpuri Noi Square project in Bucharest. After obtaining the necessary permits, the developer will construct two new office buildings, which will increase the area of the entire complex to more than 100,000 sqm.
Konica Minolta Business Solutions has extended its 3,000 sqm office lease at The Park Warsaw complex in the capital's Włochy district. The company will remain in the location for another five years.
Zeitgeist Asset Management obtained new prestigious tenants. The international law firm CMS and the European Investment Bank have rented office space in the newly renovated Palác Dunaj building in the historical centre of Prague.
Dutch studio Benthem Crouwel Architects together with Czech architects OVA have won the competition to redesign a quarter of Vítězné náměstí (Victory ...
According to the report released by research firm Spectis, “Modular construction market in Poland 2024-2029”, top 100 manufacturers of prefabricated b ...
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 ...
Welcome to Eurobuild FM! We invited an excellent expert to the today's episode – distinguished structural engineer Tristram Carfrae, deputy chair of w ...
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 ...
The first fund investing in REITs, Mount Globalnego Rynku Nieruchomości FIZ, made its debut on the Warsaw Stock Exchange.
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 ...
Intensive commercialization of the multifunctional Fern building under construction at Off Piotrkowska Center has begun. A modern building, the constr ...
Already 64 pct of Warsaw’s office buildings offer at least one retail or service unit, reveals Retail @ Office, the latest report from Cushman & Wakef ...
M Core announces the launch of ‘Square 7 part of M Core’, a strategic joint venture between M Core and Square 7 Properties, to establish a new managem ...
Echo Investment and its subsidiary Archicom have started the construction of a primary school for 450 pupils on ul. Konstruktorska in the Służewiec su ...
According to the Berlin 2024 Residential Market Report by real estate financier Berlin Hyp and real estate service provider CBRE, purchase prices have ...
Prague is the only city in the CEE region to boast a Prime High Street, a shopping street with only the most prestigious global brands. This location ...
The Symbiosy smart building platform developed in-house by Slovakian developer HB Reavis has been acquired by Massachusetts-based real estate experien ...
Panattoni announces its expansion into the Middle East with the launch of an operation in Saudi Arabia. The company’s initial focus is on three of the ...
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 ...