At the end of 2019, the total modern office stock in Łódź amounted to 528,300 sqm with more than 90,000 sqm currently under construction. Cushman & Wakefield has summarised 2019 on Łódź’s office market.

Savills Investment Management has completed the acquisition of the logistics unit leased to Leroy Merlin in Piątek from Invesco Real Estate, the global real estate investment manager, on behalf of Korean institutional investors managed by Vestas Investment Management.

Trei Real Estate GmbH, a developer and property asset holder for residential and retail real estate, just launched the sales drive for ownership apartments in the Polish city of Łódź. The project represents Trei’s second residential development in Poland. The initial total of 104 apartments offered for sale will be built during the first construction stage. Trei entered the Polish residential real estate market in summer 2019 with a first project in Wroclaw.

MLP Group has purchased a land property located in Widzew district in the Southeastern part of Łódź where it plans to construct MLP Łódź, an 80,000 sqm modern logistics and distribution centre.

7R will build a modern logistics complex, 7R Park Łódź East I, on a newly purchased 20 ha plot located on Brzezińska Street. This is 7R's fifth investment in the city.

Tritax Eurobox plc, which invests in Continental European logistics real estate assets, has acquired two recently developed prime logistics properties and development land, positioned in the core logistics location of Strykow, near Łódź in central Poland for €51.8 million (phase I) with the potential to invest a further €15.0 million developing the adjacent phase II land. The corporate acquisition reflects a net initial yield of 6.1% (net of acquisition costs to the company) and has the potential to add value through the letting of vacant units and development of the land.

7R has finalized the sale of the 7R City Flex Łódź I warehouse located in Łódź, Poland to SELP (Segro European Logistics Partnership). This is the third 7R project, following 7R City Flex Łódź II and 7R Park Wrocław, to join the Polish portfolio managed by Segro.

Neonica has finalized the sale of a plot of 1.65 ha, located at 95 Tuwima Street in Łódź. The buyer is Apartamenty Tuwima Sp.z o.o. Experts from JLL represented the vendor in the transaction process.

Echo Investment has received a building permit to start the first two office buildings at Fuzja. Thus, the developer has begun the next stage of the revitalization of the postindustrial part of Łódź. The developer, at the site of the former Karol Scheibler factory, will construct two office buildings with completion scheduled for 2020.

New Work has been expanding rapidly in the Polish market during 2019. In total, the company has added six locations to its Polish portfolio over the past 10 months.