Czech investor CPI Property Group has completed the acquisition of the Eurocentrum office complex in Warsaw from Capital Park. JLL advised the buyer on the transaction.

Jakub Volner has been appointed as the new Head of Industrial Agency at JLL Slovakia. Jakub joined the company in 2016 and during his time he enjoyed the professional experience at the Industrial Agency department while working on some of the largest lease transactions as well as significant sales of several production halls across Slovakia.

2.5 million sqm was leased in the first three quarters of 2019 and by the end of the year, demand will most likely exceed 3 million sqm. 2019 has seen developers deliver two million sqm to market, with a total stock now stands at almost 18 million sqm. JLL summarised the situation on Poland's industrial market at the end of Q3 2019.

Sales numbers for new housing units in Warsaw in the first three quarters of 2019 amounted to 17,500, which was an increase of 7% y-o-y. In 7 out of 18 districts in the capital, the average prices of units on offer exceeded €2,500 (PLN 11,000) per sqm, according to JLL.

JLL has become the exclusive leasing agent for all of Adgar Poland's office space located in Warsaw, namely the Adgar Plaza and Adgar Park West complexes as well as the Adgar Wave and Adgar Bit buildings. In total, experts from JLL will be responsible for the commercialization of vacant space in a portfolio of more than 120 000 sqm of office space.

Czech investor CPI Property Group has completed the acquisition of the Equator IV office building in Warsaw from Karimpol Polska. JLL advised the buyer in this transaction.

MVGM closed the acquisition in Germany, Slovakia and Romania as part of its deal to acquire JLL’s European property management business and the alliance partnership in 10 European countries.

Changes in the Polish office sector happen not only from a quantitative aspect but in qualitative terms as well. There is a growing interest in multi-functional projects on the market. The share of flex space, which is an interesting option for large tenants, is also increasing. JLL summarised the situation on the Polish office market at the end of Q3 2019.

According to data by JLL, the value of office investment transactions concluded from the beginning of 2019 came in at nearly €2.8 billion, equating to 2018's total performance. What is particularly noteworthy is that office regional markets achieved record-breaking results of over €1 billion.

Sales of new apartments measured jointly for the six largest markets in Poland increased by 6% q-o-q, according to JLL. The late boom in Poznań and Łódź means records may be broken by the close of the year.