Luxury apartments are still less than 1% of the primary market in Poland, but their popularity among buyers is growing. Since the beginning of 2020, the average quarterly sales volume in this segment is double the number set between 2017 and 2019.

According to “Office Occupier: Office Market in Warsaw”, a report published by Cresa Poland, total leasing volume for the first three quarters of 2021 topped 398,100 sqm, accounting for 51.2% of the annual average for 2015-2020.

The company, which owns the Sinsay, Cropp, Reserved, House and Mohito brands, is to occupy approx. 64,000 sqm in two Panattoni Park Tricity South II buildings, where it will commence operations as early as April 2022. The investment will be designed for online orders as well as service returns. 

GLP has commenced the development of GLP Wrocław V Logistics Centre, the largest warehouse project underway in the Wrocław metropolitan area. Built on a 50 ha plot, the GLP project will ultimately offer approximately 240,000 sqm of logistics space.

Belgrade Waterfront is adding one more residential building which will be its 24th. BW Eterna is a building with 223 residential units on six standard and two recessed floors. This building has apartments of different sizes and structures – from one to four-bedroom apartments.

Property developer Campeador says it has secured a loan worth €4.5 million from CEC Bank to continue the construction of its residential project in Timișoara. 

The Generation Park Y office building in Warsaw has been awarded the WELL Health-Safety Rating certificate. It is the tenth project of Skanska’s commercial development business unit in CEE region that has been awarded with such a distinction. 

Online food sales have been growing at a rapid pace in recent years in the Czech Republic, the revenue in this segment has grown by 106% on average per year during the past three years. Growth rates were strong elsewhere in Europe as well, averaging 37.3%. Cushman & Wakefield has analysed data from 24 European countries.

Andrzej Oślizło, CEO of Develia, one of the largest Polish developers has talked to Property Forum about the recent sale of Wrocław landmark, Sky Tower, PRS perspectives and the current market conditions in the residential sector in Poland.

Local residential developer Metrodom has bought a 15,000 sqm plot on Budapest's Soroksári út, where it plans to build a new residential quarter, property advisor CE Land, which brokered the deal, announced.