Yareal closed the final agreement for the sale of the first phase the LIXA complex in Warsaw, which opened its doors to tenants in November. The price has not been disclosed. 

Arvato Supply Chain Solutions has leased 15,600 sqm at Panattoni Park Poznań IV in Komorniki in Poland. The logistics operator handles the online sales of one of the leading international companies in the fashion segment. Panattoni Park Poznań IV, after the completion of expansion work, now covers almost 87,000 sqm.

IKEA plans to invest €50 million in the construction of a shopping park near Belgrade. The company plans to start the construction of the AVA Shopping Park in the beginning of 2021.

Croatia-based hotel group Arena Hospitality Group d.d.¸ through its local subsidiary has successfully completed the acquisition of Hotel 88 Rooms in Belgrade. The transaction value amounted to €5.95 million (HRK 45 million).

According to experts of Cushman & Wakefield, this year’s total volume of transactions is expected to reach €9.4 billion in Central Europe, which will represent a one-third decrease on last year’s figure. Poland’s share in the total transaction volume - albeit down by one-fourth compared with last year - will hit approximately 60%.

Paweł Sapek, Senior Vice President, Regional Head CE & Country Manager of Prologis talked to Property Forum about the state of the warehouse market, the changing expectations and demands of tenants and new challenges for the nearest future. 

The changing structure of demand for offices, and the increasing amount of space aimed at subtenants, raises the question of whether the office sector in Poland is facing the imminent prospect of oversupply.

CTP announced that it had successfully leased a total of 450,000 sqm in Romania in the 2019–2020 period, including to some of the most important players in key industries such as retail, e-commerce and automotive.

Panattoni is launching its latest large investment in Western Pomerania. Panattoni Park Koszalin with a total area of 65,000 sqm will be built in the Słupsk Special Economic Zone. The construction work on Panattoni’s first multi-tenant park in the city is to start next year.

Consolidating its position in the Polish logistics market, Accolade Group has added new projects with a future area of almost 250,000 sqm to expand its locations. The size of its portfolio has reached 1 million sqm, partly thanks to one of the largest financial transactions in the industrial real estate segment in Poland. The total value of the Polish portfolio has reached almost €700 million.