News - European CRE investment increases 15% on Q2 2014
04
Aug
2015

European CRE investment increases 15% on Q2 2014

by Ákos Budai
Investment into the commercial real estate (CRE) market totalled nearly €56 billion in the second quarter of 2015, up 15% on Q2 2014, according to the latest figures from global real estate advisor CBRE. Although the rate of year-on-year growth in investment activity has slowed slightly compared with Q1, it is still the highest Q2 total since 2007. Commercial real estate investment in Central and Eastern Europe slowed in H1 2015 due to a lack of available prime stock and the impact of rent contraction in Warsaw’s office market, the region’s most liquid market.
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News - CEE countries on the rise - says RICS
18
May
2015

CEE countries on the rise - says RICS

by Ákos Budai
According to the RICS Commercial Property Monitor for Q1 2015 most countries in Central and Eastern Europe can expect relatively strong economic growth and the expectations for commercial property markets are also broadly positive. The Occupier Sentiment Index has finally registered a positive value in all four examined countries. The Investment Sentiment Index is firmly in positive territory for both the Czech Republic and Hungary, but is also not in negative territory in Bulgaria and Romania.
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News - Prologis inks new BTS agreement with BMW Group in Germany
12
May
2015

Prologis inks new BTS agreement with BMW Group in Germany

by Ákos Budai
Prologis has announced on Tuesday the signing of a 118,000 square meter build-to-suit (BTS) agreement together with BMW Group in the Landshut region of Bavaria.
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News - Cushman & Wakefield to Merge with DTZ
12
May
2015

Cushman & Wakefield to Merge with DTZ

by Ákos Budai
Cushman & Wakefield and DTZ have reached a definitive agreement on Tuesday to merge and are set to become one of the largest global real estate services companies.
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News - Prologis reports strong Q1 performance in CEE
23
Apr
2015

Prologis reports strong Q1 performance in CEE

by Ákos Budai
Prologis has announced its first quarter 2015 business activity in Central and Eastern Europe (CEE) on Thursday. The first three month of the year saw the acquisition of a logistics park in Hungary and the start of two speculative developments in Poland.
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News - Record-breaking deal on Warsaw office property market
17
Apr
2015

Record-breaking deal on Warsaw office property market

by Ákos Budai
Ghelamco Poland has signed a record-breaking agreement for the lease of office space at Warsaw Spire. The new tenant will take nearly 22,000 square metres in the A-class building whose occupancy rate has now soared to over 50%.
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News - Prologis to start new speculative development
13
Apr
2015

Prologis to start new speculative development

by Ákos Budai
Prologis, the global leader in industrial real estate, today announced it has broken ground on a speculative facility totalling 18,500 square metres at Prologis Park Wroclaw V. Construction is scheduled for completion in the third quarter of 2015.
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News - First facility at Prologis Park Prague-Airport completed
09
Apr
2015

First facility at Prologis Park Prague-Airport completed

by Ákos Budai
Prologis, Inc., the global leader in industrial real estate, has on Thursday announced the opening of a 30,000 square metre speculative distribution facility at Prologis Park Prague-Airport.
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Latest news


New leases

  • Cordon Electronics, a specialist in electronics and advanced technologies, has renewed its lease agreement at MLP Pruszków II, in the immediate vicinity of Warsaw. The company will continue to occupy a total of 7,770 sqm of modern space, a footprint that includes 458 sqm dedicated to office operations.
  • mBank, the digital banking company in Poland, has decided to relocate its largest corporate branch in Lower Silesia to the Infinity office building in Wrocław. The company will occupy nearly 1,300 sqm on the fourth floor of the building. The tenant will move into the development owned by Avestus Real Estate and Alchemy Properties in January 2027.
  • GSP Global Solutions Provider has further expanded its cooperation with CTP by leasing an additional nearly 7,000 sqm in CTPark Budapest Vecsés on a long-term basis.

New appointments

  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.
  • CPI Property Group is strengthening its leasing structure with the appointment of Agnieszka Baczyńska as Head of Leasing. In her new role, she will be responsible for shaping and executing the leasing strategy across the group’s office and retail portfolio in Poland. At the same time, Izabela Potrykus has been appointed Leasing Office Director. Baczyńska brings more than 20 years of experience in the commercial real estate market. Prior to joining CPI Property Group in 2022, she served as International Leasing Director at Neinver Polska.

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