The sale of office buildings, the increase in the assets’ value and the preparatory works for the next "destination" projects are the highlights of the financial results of Echo Investment for H1 2022. 

Magdalena Kowalewska joined CPI Property Group (CPIPG) Polska, taking the position of Chief Operations Officer.

Panattoni is developing a factory for Reynaers Aluminium near Warsaw. The global leader in the aluminium market is to make use of a centre of almost 29,000 sqm, which will be one of the company’s largest production facilities in Europe. The development is to be submitted for BREEAM certification for a rating of ‘Excellent’.

Liebrecht & wooD has started preparations for its latest project in Warsaw’s Praga-Północ district. Drucianka Campus will be developed as part of the revitalization of Drucianka (the Warsaw Wire, Pin and Nail Factory), which will be a large-scale mixed-use complex, offering 42,000 sqm of office space and more than 7,500 sqm of additional space for retail, services and events.

At the beginning of October, Michał Białas will take the position of Head of Business Development at 7R warehouse developer. The new head of business development in the company has many years of experience in the real estate sector, specializing in structuring, financing and transaction execution. At 7R, he will be responsible for the development of the real estate portfolio and tenants, as well as the implementation of the company's development strategy in key markets.

Greenberg Traurig advised Marvipol Development on the sale of 138 residential and non-residential units in the Unique Tower complex, situated in Grzybowska Steet in Warsaw, to the Heimstaden Bostad Group.

The Polish logistics operator has signed leases for approximately 20,500 sqm of additional space in MLP Pruszków II and MLP Łódź, two logistics parks in the MLP Group’s portfolio. Following the handover of the new facilities, Uniq Logistic will occupy a total area of close to 44,000 sqm. The tenant was advised on both transactions by real estate agency AXI IMMO.

Generali Real Estate has completed the acquisition of MDC2 Park Kraków South, a logistics development project in Poland, located in Skawina, Kraków area, on behalf of the pan-European Generali Real Estate Logistics Fund managed by Generali Real Estate S.p.A Società di gestione del risparmio. The development will be carried out in collaboration with MDC2, a warehouse and logistics space developer operating on the Polish market. The price has not been disclosed.

This month, the new printing and logistics facility of midocean was officially opened. The company took up 40,500 sqm at Panattoni Park Ruda Śląska III, from where it will serve customers in almost all of Europe.

In the first half of the year, Globalworth’s net profit significantly improved to €32.6 million (H1 2021: €12.5 million) due to a fair value gain on investment property and an increase in the share of profit of equity-accounted investments in joint ventures. Globalworth released its interim report and unaudited consolidated financial results for H1 2022.