ARTICLES LABELLED WITH TAG Poland

With the first interest rate cuts in the Eurozone in a long time, optimism has also returned to the banking sector, as the participants of the banker panel at the CEE Property Financing Update 2024 conference unanimously concluded. However, it is limited by factors such as the uncertain political situation in the United States or the EU taxonomy, through which many older buildings may become troubled assets for their owners. The event, held at the end of September in Warsaw, was organised by Property Forum and law firm CMS.

The construction of Przystanek Karkonosze, which is being developed in Miłków on the outskirts of Karpacz (southern Poland), has started. Redkom Development, which is developing the facility, has announced that the complex will be delivered in Q2/Q3 2025

Galardia Shopping Center in Starachowice (Central Poland), developed from a greenfield by Stage Capital and Sierra Balmain, has a new owner – Future Estate. The agreement finalizing the transaction was signed on September 26, 2024. Avison Young's investment team represented the seller as the exclusive sales agent. The price has not been disclosed. 

Global economic transformations are impacting how companies operate and how workplaces are designed. The latest report developed by Walter Herz in collaboration with experts from Workplace, ISS Polska, DECISIVE Szmigiel, Papros, Gregorczyk, and Brill AV Media, outlines the leading trends shaping the development of the office market in Poland.

MDC2 and its partner Generali Real Estate have concluded a lease agreement for an 11,000 sqm building with InPost at MDC2 Park Kraków South. This will be a BTS (built to suit), customised building located on a plot of land prepared exclusively for InPost.

Over the last two and a half decades, a lot has changed in the Hungarian real estate market. Spectacular investments have shaped the image of the capital, while the modern real estate market as we know it today has gradually emerged. The biggest players were already present in the late 90s, including WING, which is 25 years old this year. During this time, the group has undergone dynamic changes, reflected not only in its developments in Budapest but also in its presence on international markets. We talked to Noah Steinberg, CEO of WING Group and Chairman of the Supervisory Boards of Echo Investment in Poland and Bauwert in Germany, about the main challenges of the past 25 years, the strategy that has been most effective in addressing them and the plans the group has for the next 25 years.

Hotel operator Hotel Co 51 has introduced its fifth Marriott brand to its European portfolio with the opening of the Element by Westin® Wrocław - the operator's second Polish property.

Amazon has extended its lease for over 36,200 sqm of warehouse space and 2,000 sqm of office space at the Hillwood Łódź Górna logistics centre.

GLP has begun construction of its second logistics centre of 57,000 sqm in Gliwice, in southern Poland, following the signing of a new lease agreement with a leading logistics company.

The Metropolitan Warszawa office building reported that 18,000 sqm of new lease agreements and extensions had been signed. Leases include blue-chip tenants such as HP, LCP Properties, Green Holding Group and others including a leading global consulting firm and a world leader in the energy and chemical sectors.