The maturity of the industrial real estate sector in Poland’s five largest markets does not necessarily mean limited investment opportunities for developers and tenants. The importance of smaller markets has been growing recently in Poland, which gives the possibility to expand into locations that were previously out of developers’ and tenants’ interests, according to JLL.

CBS International, part of the Cushman & Wakefield Group, has been assigned to provide facility management services for the Blue Center office building in New Belgrade by owner Bluehouse Capital.

CPI Property Group announced the acquisition of Equator I office building in Warsaw from Immofinanz. The investors previously acquired the Equator IV office building in Warsaw from Karimpol Polska.

Poland is a major target for international capital with investment volumes in 2019 accounting for 55% of the CEE6 total. The Czech Republic followed with a 24% share and Hungary with 13%. Elsewhere in the region, volumes fell short of 2018 & 2017 volumes. Despite record low yields in most markets and sectors, some further yield compression is anticipated over the next 12 months as strong levels of capital seek product and returns. Colliers International published its investment market summary for 2019.

Nearly all market indicators point to positive developments on the Serbian market with further growth expected in all segments. Mia Zečević, the CEO of Serbia’s Novaston Real Estate Platform talked to Property Forum about the company’s development plans and shared her insight on the current trends shaping real estate markets in the Balkans region.

Pasaż Chełmiński, modern retail park, in the main shopping area in Chełmno, has been sold by TUF Real Estate to LCP Properties. Avison Young’s investment team represented the buyer in the transaction.

Panattoni has delivered its first Class A warehouse in Żory, Silesia. Nearly half out of the initial 36,500 sqm has already been leased out to first tenants. This February, cargo-partner spedycja sp. z o.o. is moving into the facility, to be followed by Piast Cargo and a tenant from the food industry in March. At full build-out, Panattoni Park Żory will total 84,000 sqm. The project is under construction in a strategic location in Southern Poland, close to the Czech border.

Revetas Capital Advisors and Cerberus Capital Management have put the Landmark office building in central Bucharest up for sale.  

In reaction to increasing demand, CTP has announced the start of the construction of new areas in Trnava and entry into a completely new location, the city of Prešov.

In 2019, 7R commissioned 14 new warehouse facilities in 11 Polish markets. At the same time, the developer increased the level of leased space by almost 45%, successfully sold projects, established international strategic partnerships for the construction of further warehouses, and strengthened the team with the best industry professionals.