GTC has signed an €11.4 million investment loan with Berlin Hyp Bank for the refinancing of the previous loan agreement for the Corius office building. The Class A office building offers a total leasable area of over 9,700 sqm and is GOLD LEED certificated.

Panattoni Europe is to build another distribution centre for Castorama Polska. The project, one of the biggest in Poland, will be delivered in Stryków. Contruction works will commence later this April. The lease was mediated by experts from JLL.

2016’s record-breaking €12.2 billion investment in the real estate sector in the CEE region is likely to be surpassed in 2017 – this is according to CEE Real Estate Investment Compass 2017 published by Colliers International and CMS. The sources of investment flows into the CEE region are also expected to remain diverse in 2017, with Asian and CEE investors becoming increasingly active in the real estate market.

Johannesburg Stock Exchange (JSE) listed Polish property group Echo Polska Properties (EPP) raised approximately ZAR2.2 billion (around €150 million) in an accelerated bookbuilding through the placing of app. 119 million new shares at a price of ZAR18.50 per share. Capital will be used to previously announced acquisitions and for further M&A opportunities in the retail segment within Poland.

Vastint Poland was awarded LEED-Platinum for the first phase of Business Garden Wrocław. Once completed, the complex will comprise nine office and retail buildings with a total leasable area of 117,000 sqm.  

Cushman & Wakefield has been appointed property manager of the Prosta Tower office building in Warsaw. A special open-ended real estate fund managed by Credit Suisse Real Estate Investment Management Germany is the owner of the scheme. The property management agreement was signed in December 2016.

P3 has raised the final column on 26,000 sqm of warehousing and offices at P3 Błonie park near Warsaw in Poland. The space is being developed on a BTS basis for Antalis, a distributor of paper, packaging systems and plastics for visual communication.

2016 saw a total of 585,700 sqm of office space leased on the eight largest regional markets in Poland (Kraków, Wrocław, Tri-City, Katowice, Poznań, Łódź, Szczecin and Lublin). Wrocław accounted for 124,500 sqm of this overall volume. This excellent result meant that Lower Silesia's capital city was second among regional markets, after Kraków, in terms of office demand. JLL summarised 2016 on the office market in Wrocław.

Colliers International and Advisory Group TEST Human Resources have presented their analysis of the industrial market in Poland. The report presents the state of the industrial market in 9 locations: three Warsaw zones, Upper Silesia, Central Poland, Poznań, Wrocław, Tricity, Kraków, Bydgoszcz and Toruń and Szczecin.

Panattoni Europe is to build a logistics centre for BSH Sprzęt Gospodarstwa Domowego Sp. z o.o.  The 79,000 sqm facility will be erected in Łódź, within the framework of BTS BSH, and will have its own railway siding. Construction works are planned to begin in the coming May, and the investment is anticipated to be completed in the spring next year.