Warsaw has emerged as the primary hub for industrial projects, accounting for 36% of all industrial and logistics space currently in the pipeline, according to a report by BNP Paribas Real Estate.

International capital is once again showing a stronger interest in Polish commercial real estate. Recent transactions completed by Echo Investment highlight how investors are reassessing pricing, income stability and long-term growth prospects in the market. In this interview, Judyta Sawicka, Head of Investment at Echo Investment, discusses what is driving buyer demand today, how the company decides when to monetise mature assets and why capital recycling into living and mixed-use developments is becoming central to Echo Group’s strategy.

Echo Investment has signed a final agreement for the sale of the Brain Park A office building, spanning 14,000 sqm, in Kraków to the SCPI Transitions Europe fund, managed by Arkéa Real Estate Investment Management. 

Nhood has completed the sale of eight retail shopping centres in Poland on behalf of Ceetrus and Auchan to Adventum Group for an undisclosed sum.

Panattoni has secured a new tenant for its investment in Małopolska. Fabryka Kart Trefl-Kraków will occupy 12,500 sqm of warehouse and office space at Panattoni Park Kraków East V.

Poland’s recent cycle of interest rate cuts has improved financing conditions and reinforced investor appetite for major cities across CEE. It has also intensified the race for the remaining attractive buildings and development plots in core locations. In this competitive environment, institutional investors benefit most when they work with platforms that manage the entire process from A to Z – from identifying and acquiring the right site or standing asset, through design, permitting and construction, all the way to long‑term operation and asset management, ensuring stable returns on capital. 

Commercial property investment in CEE rebounded strongly in 2025, with a combined volume of €11.3 billion across Czech Republic, Poland, Hungary, Romania and Slovakia. This represents a 34% year-on-year increase and stands 24% above the five-year average, according to data by Knight Frank.

Institutional rental housing and student accommodation are expanding rapidly across CEE as urbanisation, housing shortages and changing lifestyle patterns reshape demand. At the same time, investors are increasingly exploring conversions, hybrid living concepts and heritage revitalisations to create resilient assets in prime locations. In this interview, Peter Noack, Founding Partner and CEO of Zeitgeist Asset Management, and Tomasz Dąbrowski, Managing Director of Zeitgeist Asset Management Poland, discuss the outlook for PRS and PBSA, the growing role of flexible living models and where they see the most promising value-add opportunities in the current market environment. 

Shopper Park Plus' successful capital raise covering approximately 50% of the transaction value has enabled the acquisition of a strategic portfolio of eight Auchan hypermarket anchored assets across Poland, with the remaining amount financed through a loan facility signed with Aareal Bank AG last week, marking a significant milestone in the company’s continued expansion within food-anchored retail real estate. The favourable financing terms further enhance the portfolio’s strong cash-flow generating capacity and support SPP’s intention of increasing dividend per share in the future.

7R, the property developer of logistics and industrial facilities with operations in Poland and Czechia, is entering the German market and signed an SMA partnership to invest €200 million in the development of industrial, warehouse and logistics projects across the country.