Panalpina Polska, an air and sea freight company, leased a 630 sqm office in the West Station I building. A team of BNP Paribas Real Estate Poland experts advised the tenant during the negotiation process with HB Reavis. Panalpina Polska will be moving in the first quarter of 2017 and taking up space on the 12th floor of the building.

Cushman & Wakefield was appointed manager of Galeria Orkana in Lublin. The shopping centre is owned by real estate group CPI Property Group. Galeria Orkana is a two-level shopping centre located in Lublin at the junction of Władysława Orkana and Zwycięska streets. It offers building area of 17,000 sqm of floor space for about 50 retail stores, restaurants and service outlets of top brands. It also provides 220 underground and surface parking spaces. Constructed in 2006, Galeria Orkana has been managed by Cushman & Wakefield since August 2016.

A new luxury destination is taking shape in the Polish retail market with the opening of Europejski Hotel. The capital is to see the completion of the renovation and redevelopment of one of Warsaw’s most recognized buildings with 160 years of history. The 2,700 sqm of ground floor retail area will feature boutique units. Cushman & Wakefield is responsible for commercialisation of the scheme.

Marvipol S.A. entered into a preliminary agreement for the sale of Prosta Tower office building in Warsaw. The buyer is an international fund. The seller was represented by Colliers International.

Cushman & Wakefield has been appointed by BPi Polska an exclusive agent for the mixed-use project Bulwary Książęce in Wrocław. Bulwary Książęce is located in the centre of Wrocław on Księcia Witolda Street on Kępa Mieszczańska island near Pomorski Bridge, in close proximity to the Old Town. It will contribute towards reviving the Odra Boulevard in this part of the city. The complex, which will be developed over two phases, comprises a retail and services part as well as 347 residential units, including premium flats and apartments.

Prologis has signed six lease agreements totalling 33,730 square metres at Prologis Park Chorzów, Prologis Park Dąbrowa and Prologis Park Będzin II.

General optimism, attractive investment opportunities and more capital characterises the Central and Eastern European property market that is now considered a favourable investment destination by international investors. The second Emerging Europe Property Forum, co-organised by Portfolio Property Forum and RICS, took place on 8 November at the RICS HQ in London. 

According to Cushman & Wakefield, commercial real estate investment activity in the core Central European markets of Poland, the Czech Republic, Slovakia, Hungary and Romania reached €6.05 billion in the first three quarters of 2016, a 37% increase y-o-y, albeit with reduced activity during the third quarter. Investment in the CE region slipped back following a strong second quarter. The volume of assets traded totalled €1.4bn in Q3 2016, down over 20% a year ago and half Q2 volumes.

At the end of September 2016 total modern warehouse stock in Poland stood at 10,920,000 sqm. Occupier and developer activity is expected to continue its strong momentum, as revealed by global real estate services firm Cushman & Wakefield in its latest Polish Industrial Market Q3 2016 report.

CBRE Global Investors has acquired on behalf of its investors, the ‘Hillwood Portfolio’ consisting of four standing logistics parks in Poland totalling 220,608 sqm. The vendor was Hillwood. CBRE Global Investors has also agreed to acquire from Hillwood a pipeline of projects currently under development. These consist of two new parks and two extensions in Poland totalling 134,165 sqm and two new developments in Germany totalling 71,684 sqm.