ARTICLES LABELLED WITH TAG Poland

It took 17 months for Avestus Real Estate to develop the construction of the Imagine complex at the intersection of Al. Piłsudskiego and Al. Śmigłego-Rydza in Łódź.

IMS Budownictwo has completed the sale process of Building A of the Zabłocie Business Park in Kraków. A company from the Austrian insurance group Uniqa became the office property’s new owner. The final agreement was signed on September 12th, with the transaction amounting to nearly €30 million. Knight Frank acted on behalf of the seller.

Ceetrus has unveiled plans for its Góraszka Project which the developer has dubbed an innovative retailtainment destination with a GLA of 77,000 sqm. It will be a premium location for the inhabitants of south-eastern Warsaw for shopping and spending time with family and friends. The facility is expected to be completed by 2022. Ceetrus is open to cooperating with new investors, the press release adds.

Ambitious revitalization plans, a thriving academic centre, nearly one million inhabitants living within its metropolitan area, as well as an increasingly improving infrastructure and extensive transport network are factors that are shaping the image of Łódź as a strong location for real estate investors. However, not only the office market is developing rapidly in the city. According to the report concluded by JLL, the City Hall of Łódź and HAYS Poland entitled "Łódź - Revitalizing a vibrant business and living hub", the residential and hotel segments are also achieving better results.

Panattoni Europe embarks on the construction of Panattoni Park Częstochowa. It is the developer’s first project of this kind in the north of the Silesian voivodeship. Two modern halls will offer in total 30,400 sqm of Class A space. Construction works are set to begin in October, and the first units will be handed over to tenants in February 2020.

Sylwia Toczyska, Director, Client Services at Vistra Poland looked at the withholding tax rules in the country, examining how further clarification is needed and the action that companies may need to take. An article from Vistra’s Global Real Estate Trends publication.

Globalworth announced its intention to raise additional equity capital via a placing of up to approximately 28.5 million new shares to existing and new investors to take advantage of a strong pipeline of acquisition opportunities identified by the company.

Wrocław is one of the most rapidly developing business centres in Poland and the third largest office market in the country. The city's office supply at the end of the first half of 2019 was 1.1 million sqm. The attractiveness of the Wrocław market is luring many employees from other cities, and as a result, up to 75% of specialists in Wrocław's business services sector are from outside the city, according to JLL.

Avison Young team in Poland is expanding by appointment of Marcin Purgal – experienced director, active on Polish and CEE commercial property markets for ca. 15 years. He is taking the position of Senior Director in the Investment Advisory Department.

Trei Real Estate GmbH. a property developer and property asset holder for residential and retail real estate, keeps expanding its portfolio of Polish retail parks. The company, which is part of the Tengelmann Group, just opened its 13th retail park of the Vendo Park brand in Poland, this one in the town of Ostroleka. The total investment cost equals c. €3.8 million. The icity has around 52,000 residents and lies roughly a 90-minute ride north of Warsaw.