News - Korean investor buys two logistics parks in Poland
20
Jun
2019

Korean investor buys two logistics parks in Poland

by Property Forum
Hines has advised Mirae Asset Global Investments, a Seoul-based investment manager that offers comprehensive investment services, on acquiring two logistics centres near Wrocław and Konin, with the total area of 163,135 square meters. MAGI acquired them from Blackstone by purchasing shares in special purpose vehicles which owned the investment and appointed Hines as the local asset manager of the portfolio throughout the investment horizon.
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News - Panattoni builds for Carrefour in Central Poland
20
Jun
2019

Panattoni builds for Carrefour in Central Poland

by Property Forum
Panattoni Europe has laid the cornerstone for the largest logistics centre of Carrefour Poland in the country. It is going to be a BTS facility featuring in excess of 63,600 sqm. The project will be delivered in Central Poland in Rawa Mazowiecka. Completion of construction works is anticipated towards the end of 2019.
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News - Strong take-up on Łódź’s office market
20
Jun
2019

Strong take-up on Łódź’s office market

by Property Forum
Łódź’s office market has been well-balanced in terms of demand and supply for several years. According to Cresa’s latest report, the office stock of the Łódź market has increased by nearly 8% year-on-year and amounted to 471,200 sqm at the end of Q1 2019. Take-up in the first quarter of 2019 reached 15,100 sqm, up more than 50% on the same period in 2018.
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News - Continued investor interest in Służewiec
20
Jun
2019

Continued investor interest in Służewiec

by Property Forum
Tenants are still eager to choose Warsaw's Służewiec district for their headquarters. The district also has a rapidly developing residential sector. These factors are enhancing the district’s image as an attractive place to live.  Nearly 35,000 sqm of office space was leased in Q1 2019, 3,900 apartments delivered to the market in the last three years with transactions worth over €600 million concluded in the office market since 2015 - JLL analysed investor activity in Warsaw’s Służewiec Przemysłowy.
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News - Outlook for Europe’s retail park market remains positive
20
Jun
2019

Outlook for Europe’s retail park market remains positive

by Property Forum
New research from Cushman & Wakefield has revealed European retail park floorspace increased by 2.2% in 2018, reaching a total of 50.1 million sqm, with France and Spain leading the way in terms of new schemes. The report states that 995,000 sqm of new retail park space was completed in Europe last year, down 15% on 2017. A stable development trend is expected going forward, with 1.4 million sqm of new retail park space scheduled for opening in 2019/2020. Nevertheless, quick and easy construction and a growing number of schemes below 5,000 sqm are expected to boost the number of openings.
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News - Immofinanz acquires Warsaw Spire Tower for €386 million
20
Jun
2019

Immofinanz acquires Warsaw Spire Tower for €386 million

by Property Forum
Immofinanz is acquiring the Warsaw Spire Tower Building in the Polish capital through the purchase of the respective property holding companies. This roughly 220 metre-high office tower has approximately 71,600 sqm of rentable space, with roughly 65,000 sqm representing offices and the remainder used primarily for retail purposes. The agreed property value for the office tower amounts to approximately €386.0 million. The expected annual rental income based on invoiced rents totals roughly €19.6 million. The sellers are Ghelamco Group, which completed the tower in 2016, and Madison International Realty, a global Real Estate Private Equity Firm.
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News - Primark opens first store in Slovenia
20
Jun
2019

Primark opens first store in Slovenia

by Property Forum
Irish fashion retailer Primark opened its first store in Slovenia at Citypark in Ljubljana. The mall was completely renovated around the popular anchor tenant by Citypark operator SES Spar European Shopping Centers, following a refurbishment investment of €20 million.
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News - Golub GetHouse presents new real estate brand
20
Jun
2019

Golub GetHouse presents new real estate brand

by Property Forum
Golub GetHouse’s new real estate brand, Inspirentals, will be the vehicle for development projects in the Private Rented Sector offering a range of amenities available to all residents that are rare on the Polish market. The Warsaw-based Postępu Apartments (working name) and Liberty Tower projects, among others, will be completed under the new Inspirentals brand.
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News - CBRE Romania puts humanoid robot into work
20
Jun
2019

CBRE Romania puts humanoid robot into work

by Property Forum
CBRE has expanded its team with the first humanoid robot available in a real estate company in Romania, PepperEscu. By doing so since May, CBRE aims to use the robot's technological abilities to create synergy between people as end-users of the properties, from office workers to visitors to shopping centres.
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News - Timişoara mixed-use project to open in August
20
Jun
2019

Timişoara mixed-use project to open in August

by Property Forum
On the 30th of August 2019, Iulius and Atterbury Europe will open the first phase of the Iulius Town Timişoara project (formerly known as Openville), the largest real estate investment in the region, adding up to more than €220 million. This is the first mixed-use development in the west of Romania.
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Latest news


New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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