The Polish Chamber of Commercial Real Estate (PINK) has released data summarising the office market situation in eight major regional cities in Poland for Q2 2025: Kraków, Wrocław, the Tri-City, Katowice, Poznań, Łódź, Lublin, and Szczecin.

PKB Inwest Budowa is moving forward with the construction and leasing of a new retail park in Zawiercie, Silesia. The project, covering 16,000 sqm, is set for completion by the end of Q1 2026. Located on Wojska Polskiego Street, the development aims to serve residents of Zawiercie and surrounding towns, with a total catchment area of approximately 250,000 people within a 30-minute drive.

Scope Ratings has revised Futureal’s outlook to Stable, affirming the BB- issuer ratings for Futureal Development Holding Kft. and Futureal Holding B.V.

Construction has started on Andersa Retail Park in Gliwice, located at the intersection of Andersa and Okulickiego streets. The two-storey retail park will offer over 4,900 sqm of space and is already mostly leased. Confirmed tenants include Sinsay, Żabka, Rossmann, Fabryka Formy, and Kaufland as the grocery anchor. The complex will also feature a fitness club operated by a nationwide chain. Customers will have access to a shared parking lot with 278 spaces, and the surrounding area is further supported by nearby Lidl and Biedronka stores.

Redkom Development is commercialising a new retail park in Białystok. The scheme will provide approximately 14,000 sqm of leasable area and host around 25 retail and service units. A key anchor tenant will be Biedronka, whose 1,200 sqm supermarket is expected to attract strong daily footfall.

DL Invest Group has completed its first public Eurobond issuance, raising €350 million with investor demand exceeding the offering volume by over 60%. This marks one of the largest international debt market debuts by a Polish developer, highlighting growing confidence in Poland’s commercial real estate sector. The five-year bonds will be listed on the Luxembourg Stock Exchange, with Citi acting as Sole Global Coordinator, Sole Bookrunner, and Sole Ratings Advisor.

The historic market hall (Hala Targowa) in Gdańsk, built at the end of the 19th century, is undergoing a major revitalisation led by Apsys, a company known for transforming historic urban spaces into vibrant, multifunctional destinations. The €32 million (PLN 141 million) investment aims to turn the hall into a dynamic culinary and cultural hub, seamlessly blending modern functions with respect for its historical fabric.

Develia has finalised the acquisition of 100% of shares in Bouygues Immobilier Polska, the Polish branch of French developer Bouygues Immobilier, for €65.9 million (approx. PLN 279.4 million). The deal expands Develia’s residential project portfolio, particularly in Warsaw, Poznań, and Wrocław, and supports the company’s strategic growth plan focused on Poland’s largest housing markets.

German residential investors are increasingly turning to foreign markets, with Poland emerging as a particularly attractive destination. High construction costs, long approval processes, and regulatory uncertainty in Germany are pushing investors to look abroad. In countries like Poland and the USA, planning and permitting procedures can take just a few months, compared to years in Germany. Trei Real Estate, for example, has shifted its focus to Polish cities such as Poznań and to fast-growing areas in the southeastern United States to take advantage of clearer and faster approval systems. Rueckerconsult GmbH summarised the trend in a recent press release.

In the first half of 2025, Warsaw saw the delivery of 85,200 sqm of new office space — a 34% increase compared to the same period last year. However, the volume of space under construction has dropped to a historic low of 140,000 sqm. Despite a slight 5% decline in total demand year-on-year, tenant activity remains stable, with strong interest in top-quality, centrally located projects. Savills reports.