ARTICLES LABELLED WITH TAG Poland

At the end of June 2016 total modern warehouse stock in Poland stood at 10,500,000 sqm. Occupier and developer activity is expected to continue its strong momentum, as revealed by Cushman & Wakefield in its Polish Industrial Market Q2 2016 report.

Money Makers TFI, an investment fund owned the Alior Bank group, and ProData Consult, an IT consulting services provider, decided to remain in Warsaw’s Horizon Plaza for the following years and expand their offices. Knight Frank brokered the transaction and represented Union Investment Real Estate GmbH, the property owner.

TriGranit has announced the appointment of Agnieszka Turowska as Group Finance Director of TriGranit Corporation.  Ms. Turowska will be responsible for overseeing the corporate finance, accounting and controlling functions at the whole company including all TriGranit countries and will be member of the Management Board.

Panattoni Europe is to deliver a custom-tailored project for Trio Line, the Danish manufacturer of high-end upholstered furniture. The investment spanning more than 32,200 sqm of space will be developed near Poznań and will merge warehousing and manufacturing functions. The transaction was mediated by AXI IMMO, and completion of the facility is planned in Q1 2017.

Cushman & Wakefield has been appointed to acquire tenants and develop a marketing strategy for Trinity One. The owner of the scheme is Revetas Capital.

Sixteen office buildings have been completed in Warsaw in the first half of 2016, totalling 350,000 sqm. 100,000 sqm is scheduled for completion in H2 2016, which will bring the annual supply to a new record high of 450,000 sqm. Cushman & Wakefield has published its Property Times report on the Warsaw office market for H1 2016.

TriGranit has announced that a preliminary agreement has been entered into to sell the Bonarka City Center in Krakow, to Rockcastle, a property company investing in retail centers in Central and Eastern Europe. The financial closure of the transaction will take place in the following months.

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.