Polish developer Capital Park has concluded a preliminary agreement for the purchase of two plots in Gdańsk with a total area of 1.3 ha on the Polski Hak part of Gdańsk’s port area. At the site, Capital Park is planning a residential development with retail and services functions, as well as public recreational space. The seller and the transaction price have not been disclosed.

Zeitgeist Asset Management is expanding its portfolio of flats for rent in Poland. JLL advised the investor on the purchase of the property located at 34 Czyżewskiego Street in Gdańsk-Oliwa. The project is being carried out by a Tri-City developer – the BMC group.

7R has won a tender to purchase 20 ha of land in the Pomeranian Logistics Centre. On the plot, the developer will build the 7R Park Gdańsk Port complex, with a total area of approx. 123,000 sqm. The land property is located in the immediate vicinity of the Port of Gdańsk, and the largest deepwater terminal in the Baltic Sea – DCT Gdańsk.

Student Depot, owned by Kajima Student Housing Limited in partnership with Griffin Real Estate Partners, announced the opening of its first facility in the university city of Gdańsk, Student Depot Kolobrzeska.

One of Panattoni’s existing customers, Globalway – a supplier of (among others) toys, furniture, sports accessories and interior furnishings produced in China – has decided to lease the whole of Panattoni Park Tricity East IV. This has been made possible thanks to the close cooperation of the developer with the Polish Investment and Trade Agency (PAIH), which is supporting the project by providing investment incentives for Globalway. The 52,000 sqm complex is to be built in the eastern part of Gdańsk, where the tenant will be ready to move in Q1 2021. The leasing deal was brokered by Querco Property.

Panattoni is extending Panattoni Park Gdańsk Airport to meet the needs of a new tenant. Leading logistics operator PEKAES is to take up 11,500 sqm with a further 4,000 sqm secured for its future expansion. From March 2021 the tenant will have both traditional warehouse and cross-docking space at its disposal.

According to consulting company Walter Herz, the consistently expanding office market of Tri-City has the lowest vacancy rate in Poland currently and the office stock of the Tri-City agglomeration will exceed 1 million sqm after the construction of the ongoing investments is completed.

After acquiring nearly 93% of stocks of Polnord listed on the Warsaw Stock Exchange, Cordia is one of the first companies to launch a new residential project in Poland following the alleviation of the pandemic. The company has started the presale of more than 200 homes being built in its first project in Gdańsk. Hungary’s leading residential developer is also active in Poznań, where it is preparing its largest-ever Polish residential investment with a large-scale urban rehabilitation. For the company, the Polish market is particularly important as it proved to be stable even during the years of the global crisis in 2008-2009.

Panattoni has embarked on a new project, Panattoni Park Tricity East III, totalling close to 33,000 sqm. The park will be completed in a single phase and has already found tenants for more than 26,000 sqm. They are logistics operators: Greenyard Logistics Poland, providing services to the FMCG sector, which will take up close to 12,000 sqm, and Omega Pilzno, specialising in comprehensive supply chain services, with a lease of 14,500 sqm. Project commissioning is anticipated in Q1 2021.

Section B of the Olivia Prime office project in Gdańsk has received an occupancy permit and become the third largest office building in Poland. The Olivia Business Center complex now comprises 175,000 sqm in seven buildings and has a target size of more than 200,000 sqm.