ARTICLES LABELLED WITH TAG Poland

GLP has completed the development of the final warehouse at its logistics and production centre in Magnice, near Wrocław (southern Poland). 

Panattoni has secured financing from BNP Paribas. The €40 million loan will support the development of Panattoni Park Sosnowiec IV. The investment will comprise nearly 63,000 sqm across two buildings, with over half of the space already leased to a big retail chain.

Deutsche Hypo – Nord/LB Real Estate Finance has provided Olivia Seven Sp. z o.o. with a green loan for the refinancing of the office property Olivia Prime A, located in the Oliwa district of Gdańsk. The term of the loan is five years.

According to the latest report Newmark Polska, leasing activity on the Warsaw office market remained moderate between January and the end of March 2025. It was the strongest first quarter of recorded office take-up since 2022. The highest leasing activity in Q1 2025 was recorded in central locations. Office construction remained constrained compared with the record under construction volumes in 2017-2019, with no new office projects breaking ground in the first quarter of 2025. Meanwhile, office availability continued its gradual downward trajectory, especially in buildings completed after 2019, where vacancy rates remained below 3.5%.

The Warsaw office market opened in 2025 on a steady footing, with a notable increase in leasing activity and a modest decline in vacancy. While new supply remains constrained, landlords continue to focus on upgrading existing assets and prioritising quality over quantity. The market is entering a phase of selective, demand-driven growth, aligning more closely with the evolving expectations of modern occupiers, says Axi Immo. 

Deutsche Pfandbriefbank AG (pbb) have extended the existing investment facility for Diuna Office Park located in Warsaw, Poland, on behalf of PineBridge Benson Elliot.

LemonTree has started the construction of a logistics and service complex in Gdańsk Kowale. The latest investment, COOL BTS Gdańsk by LemonTree, will be developed in a built-to-suit (BTS) formula for Nagel-Group and will include approximately 21,000 sqm of warehouse and office-social space. The general contractor is one of the leading construction companies, Depenbrock Polska. The completion of construction and handover of the building to the tenant is scheduled for the first half of 2026.

In the first quarter of 2025, Warsaw’s modern office stock reached 6.28 million square metres. Only one new project was delivered during this period - the CD Projekt HQ in the East office zone, contributing 5,600 sqm of new supply. The total office space under construction or renovation amounted to approximately 210,000 sqm. Gross demand reached 160,500 sqm, while the vacancy rate slightly decreased to 10.5 per cent quarter over quarter, say experts from Avison Young.

Globalworth and the consortium of banks Helaba and pbb have announced the signing of an agreement extending the bank financing for the office real estate portfolio by an additional 5 years. The initial loan of €100 million was granted in 2018 to finance multiple properties. The financing continues to be secured on a number of assets in Poland: Centrum Biurowe Lubicz, Tryton Business Park and Spektrum Tower.

Panattoni has obtained a loan from Alior Bank to support the expansion of its latest investment in the Lublin Voivodeship. The €14 million will be allocated to developing an 11,190 sqm build-to-suit (BTS) facility for one of the logistics operators.