Panattoni has received financial support for the development of the City Logistics Kraków III project. The €21 million loan granted by mBank will make it possible to finalise the construction of this logistics park located in Kraków’s Nowa Huta district.

Volvo Tech Hub will occupy 10,000 sqm of space at Brain Park C. A new section of Volvo Car Poland will be moving into the Kraków office building, from Echo Investment, in three phases, starting in September 2024. In the transaction, the tenant was represented by JLL Polska. In addition, JLL's PDS department also provided support for the project.

Panattoni has built another investment in Lesser Poland. City Logistics Kraków Airport II is located near the Kraków-Balice International Airport, where a new cargo terminal is being constructed. The facility is suitable for e-commerce and last-mile logistics. The investment was made on a speculative basis and already has its first tenant - Allegro.

Revetas Capital has concluded the disposal of Bonarka Meadows in Kraków, a permitted residential development project, to Henniger Investment S.A., a Polish company that has been operating in the investment industry for over 30 years. The price has not been disclosed. 

LivUp, a company operating in the Polish Private Rented Sector, has closed 2023 with a portfolio of over 750 residential units in Warsaw and Kraków. In the past year, the company entered a new market - and opened its first project in Kraków, moved its headquarters, and finalized a rebranding process. LivUp is not slowing down at all. In 2024, the company plans to introduce an additional project with 160 flats on the Warsaw market. The goal for the next three years is to increase the portfolio to 2,000 residential units.

Although employment in the shared services sector is growing by the year, this has not led to stronger demand for office space. However, SSC/BPO/R&D centres remain key office tenants in Kraków and Wrocław. Warsaw also continues to feature on corporates’ radars, says Newmark Poland.

Savills has been appointed as property manager for Mogilska 35 Office in Kraków. The six-floor office building is one of the latest office projects delivered in southern Poland by Warimpex.

Panattoni is expanding its portfolio of locations in the Kraków region. In Niepołomice, the developer has commenced construction of Panattoni Park Kraków East IV, which will be completed in May 2024. Omega Pilzno - a Polish logistics operator - has already leased the entire space.

Panattoni has launched the construction of City Logistics Kraków III, the latest 25,000 sqm development on the city limits. Walraven, an international producer of installation fixings, is to occupy almost 4,500 sqm.

After nearly 16 years, the site of the unsuccessful “Żubr” housing estate project in Podłęże near Kraków is back in use and changing its purpose. The new plan for the site is an international logistics service centre. MCG EastBridge, a new company within the Maszoński Logistic Group, has already begun operations in the region, Axi Immo reports.