ARTICLES LABELLED WITH TAG Poland

KPMG has leased an office area of over 1,700 sqm in O3 Business Campus in Kraków – an office complex which is being developed by Echo Investment. The company is to move into the new office at the end of this year. The tenant was represented by the Colliers International consulting company.

Rockcastle Global Real Estate has acquired three regional shopping centres in Poland for a total of 522 million euros. Bonarka City Center in Kraków, Focus Mall in Zielona Góra and Focus Mall Piotrków Trybunalski will be added to the South African fund’s portfolio.

Atrium European Real Estate Limited, an owner and manager of shopping centres and retail real estate in Central and Eastern Europe, has announced its results for the second quarter and six months ended 30 June 2016.

pbb Deutsche Pfandbriefbank provided an investment facility of €34 million to IMMOFINANZ. The proceeds will be utilized for the refinancing of the Nimbus office building in Warsaw. The transaction closed in July 2016. 

Norway-based Libertech Group has signed a lease on more than 700 sqm of office space in Warsaw Spire. The company intends to set up its headquarters for the CEE region in Poland. Cushman & Wakefield has advised the tenant in the lease negotiations. It will also coordinate and oversee the office fit-out.

Investment into Central and Eastern European (CEE) countries (excluding Russia) for H1 2016 registered a substantial increase (59%) compared to same period of last year, surpassing €5 billion. Expectations are that for the entire year, investment volumes will reach and exceed the record volumes of 2015 with all CEE countries expected to perform strongly, says CBRE.

XL Catlin has signed a lease agreement for office space at UBM’s PEGAZ complex in Wrocław. The tenant was represented by Cushman & Wakefield.

International real estate advisor Savills, on behalf of Aviva Investors has sold a Small Business Unit type warehouse and a 3.5 ha development land situated in Łódź Business Park. The buyer was industrial developer Panattoni Europe. 

Deutsche Hypothekenbank is acting as the sole lender to a real estate company, which is managed on behalf of four independent investors by Warburg-HIH Invest Real Estate GmbH, for the purchase of the Prime Corporate Center office building in Warsaw. The financing volume amounts to € 40.5 million. In addition to this long-term investment financing, Deutsche Hypo is also providing a short-term bridging loan to cover the VAT element in the amount of € 14.2 million.

At the end of the H1 the total supply in the nine major markets in Poland reached 8.6 million sqm. Developers completed a record amount of modern office space – almost 572,000 sqm. Over 1.4 million sqm of office space is under construction and the capital accounts for 609,000 sqm of new offices. The vacancy rate for Poland is 13.4 percent according to Colliers’ report „Market insights | Office market H1 2016“.