ARTICLES LABELLED WITH TAG Poland

7R and Hillwood have finalized a joint venture sale of a warehouse facility to a fund managed by GLL Real Estate Partners. The warehouse building is a build-to-suit (BTS) project for a leading European e-commerce platform. Last year, 7R and another fund managed by GLL Real Estate Partners concluded a larger warehouse portfolio transaction in the Central and Eastern Europe region. Cushman & Wakefield advised the purchaser in both of those acquisitions.

CPI Property Group announced the purchase of Moniuszki 1A office building in Warsaw. The property was acquired from Catalyst Capital. JLL Poland and Dentons assisted the buy in the transaction.

Fabryka Kart Trefl-Kraków has appointed Knight Frank to manage its Fabryka Kart office building. The nearly one-hundred-year-old building has been given a new life after the revitalisation completed in 2019. Currently, it is a loft-like building with a total floor area of more than 2,500 square metres.

Hillwood is developing two Class A city warehouses in Warsaw’s Targówek district with a total area of ​​almost 50,000 sqm. Completion of the first hall with an area of ​​24,600 sqm is scheduled for Q3 2020.

In 2019, Poznań saw its total office stock expand by nearly 18% to 564,800 sqm following the delivery of ten office projects totalling 85,700 sqm. Cushman & Wakefield has summarised last year on Poznań’s office market.

Panattoni has started building a distribution centre for a manufacturer of sportswear and accessories. The BTS facility with an area of over 67 000 sqm is under construction in Czeladź, Upper Silesia. Completion of phase one is planned for H1 2021.

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.

With the acquisition of another 10.4 percent stake, Wing's stake in Echo Investment has increased to 66 percent, the Hungarian investor-developer announced.

Erste Bank Group anticipates an economic slowdown for 2020 in most CEE countries due to the coronavirus situation. The bank’s report mentions a negative scenario as well, which would result in a massive recession in the region.

Savills has entered into a partnership with the owner of Vipol Plaza and has been acting as a sole letting agent for the office complex since early 2020. The property is located near the new section of Warsaw’s second metro line.