Cavatina Holding has started construction on the second stages of Palio Office Park in Gdańsk and Ocean Office Park in Kraków. The total area of both stages comes to 34,200 sqm.

The European Logistics Investment (ELI) logistics platform in Poland will deliver an 18,300 sqm logistics centre in Skawina near Kraków. The Kraków V facility, which is ELI’s third investment in that region, will be developed together with its partner Panattoni. Close to 20% of the space has already been leased to RTV Euro AGD– a leading retailer of home appliances and consumer electronics.

Globalworth has added another office block to its portfolio – Podium Park B in Kraków. The second stage of this project has just been completed.

The .big office building constructed by Budimex at ul. Zielińskiego 3 in Kraków for developer Ghelamco is to be managed by Colliers International.

Funds managed by Partners Group are to acquire nine newly built, largely occupied office buildings from BUMA's portfolio and two assets under construction with a total leasable area of approximately 125,000 sqm for circa €200 million. The assets are located in Kraków and Wrocław. REINO Partners will partner with Partners Group to manage the portfolio.

Colliers International has taken over the management of Tischnera Office in Kraków, owned by Cavatina Holding. Tischnera Office is a modern Class A office and service facility with a BREEAM certificate at the Very Good level. It was built in Podgórze district, 5 km from the city centre, in close proximity to the A4 motorway and 20 minutes by car from John Paul II International Airport.

Panattoni is to build a city park in Kraków - City Logistics Kraków I will have a total area of 36,500 sqm. The first of two buildings is to be ready in September 2021 and the first tenant, a logistics operator specialising in last mile deliveries, has already leased 9,040 sqm. Panattoni's latest project will play a crucial link in the chain from online store to courier company and finally on to consumer.

The condition of the Kraków office sector has been defined by successive records in recent years. It is the largest regional office market in Poland, the second city after Warsaw, which in 2017 crossed the one million sqm threshold, and the main location for BPO/SSC companies in Central and Eastern Europe. However, the global pandemic, which affected all segments of the economy, undoubtedly also affected the office sector. How? According to JLL’s latest report, in the first half of the year, demand for offices in Kraków was about 15% lower than H1 2019. In addition, the increase in remote working has prompted some employers to reorganize their offices.

Echo Investment has gained a building permit for the Bonarka Living residential estate in Kraków. The project is being developed in close proximity to the Bonarka City Center and an over two hectare nature reserve. The first apartments will be handed over to tenants at the turn of 2021 and 2022.

According to the latest report prepared by Cresa Poland, leasing activity reached nearly 52,600 sqm on the Kraków office market in the second quarter of 2020. Renegotiations accounted for 76% of the leasing volume, while new leases and expansions made up 15% and 9% of all deals, respectively.