ARTICLES LABELLED WITH TAG Poland

Panattoni has delivered its first Class A warehouse in Żory, Silesia. Nearly half out of the initial 36,500 sqm has already been leased out to first tenants. This February, cargo-partner spedycja sp. z o.o. is moving into the facility, to be followed by Piast Cargo and a tenant from the food industry in March. At full build-out, Panattoni Park Żory will total 84,000 sqm. The project is under construction in a strategic location in Southern Poland, close to the Czech border.

In 2019, 7R commissioned 14 new warehouse facilities in 11 Polish markets. At the same time, the developer increased the level of leased space by almost 45%, successfully sold projects, established international strategic partnerships for the construction of further warehouses, and strengthened the team with the best industry professionals.

Skanska Property Poland has commissioned Apleona HSG Facility Management Poland with hard services for buildings 4 and 5 of the High5ive office property in Krakow. The agreed country-specific open-ended contract includes both assets supervision and complex maintenance service of all technical building systems with 24-hour emergency support.

Cain International, a privately held real estate investment firm operating in Europe and the United States, and its local development partner, White Star Real Estate, have started construction on PZO, an 18,000 sqm mixed-use scheme in Warsaw’s Praga district on the site of the former Polskie Zakłady Optyki factory.

Colliers International Poland has published the results of the Office Agency in the Landlord Representation division. In 2019, Colliers advisors rented a total of over 118,000 sqm of office space. This result is nearly 40% higher than in 2018 (88,106 sqm) and 260% higher compared to 2017 (32,824 sqm).

HB Reavis has secured a €162 million loan from a consortium of four banks – Santander Bank Polska, Bank Pekao S.A., PKO Bank Polski S.A. and BNP Paribas Bank Polska S.A. – for the construction of its 78,000 sqm Forrest office campus in Warsaw.  

Prologis has appointed Paweł Sapek as Regional Head Central Europe, a role in which he is responsible for maintaining strong team leadership, identifying new opportunities and steering the region towards new paths of development. Sapek is now responsible for overseeing the company's entire CE portfolio across Poland, the Czech Republic, Slovakia and Hungary, with a total area of 4.2 million square meters. In addition, he will run the Polish branch of Prologis and directly supervise operations in Hungary.

MLP Group has issued €30 million worth of bonds. The issue proceeds will be used to purchase land and implement projects to construct warehouses in Poland and abroad. On February 26th, the bonds will be introduced to trading on the Catalyst market.

Reino Capital, a Luxembourg-based fund and Australia's RF CorVal signed a preliminary agreement to buy BUMA Group’s real estate portfolio as part of a larger deal. The portfolio consists of 10 office properties with over 110,000 sqm GLA plus a land bank with capacity for office projects totalling more than 80,000 sqm GLA and residential projects with over 100,000 sqm of usable area.

Atrium European Real Estate published its financial results for 2019 and announced that the Board and management had been undertaking a strategic review to identify further growth opportunities to deliver strong, long term sustainable income returns to shareholders. The strategic review focused on, amongst other things, leveraging the operating platform in Poland and the Czech Republic and diversification into other classes of real estate, focusing on residential-for-rent