Savills Investment Management has completed the disposal of Marynarska Point I, an office property located in Warsaw to an investment fund managed by Adventum Group. The parties have agreed not to disclose the purchase price.
The 46-month revitalization of the Norblin Factory in Warsaw's Wola district, carried out by Capital Park Group, has come to an end. The complex has been granted an occupancy permit. At the investment site, preparations are currently underway to open the first concepts, which will be gradually unveiled to future visitors over the next few months.
North and North-West Poland has become a new target location for the international investor Accolade. It will direct its investments of over €50 million to two new locations where industrial parks will be built. The cities of Elbląg and Koszalin are conveniently located near the sea and major ports as well as important road routes. The new tenants including DPD and AutoStore have already rented their place in the newly planned parks.
DL Invest Group has finalised the sale of the DL City shopping centre in Zgorzelec in Lower Silesia. The return on equity of the transaction is 253% and the return on the investment comes to as much as 63%.
Italian asset and fund manager Generali Real Estate has acquired 7R Park Gdańsk II in Gdańsk-Kowale on behalf of its pan-European Generali Real Estate Logistics Fund (GRELF) from Polish industrial developer 7R for an undisclosed sum.
Adventum Investment Fund Management has completed the first close of its latest Fund, Fund V (Penta) in August 2021. The investor acquired the Marynarska Point I office building in Warsaw from Savills Investment Management.
Penta Investments group has sold a building plot of 6,500 square meters in Warsaw for almost €25 million. The plot in the Wola district was bought by Lincoln Property Company together with the investment group ENERN. They plan to build an office building with 30,000 meters of leasable area on a plot with the availability of public transport.
According to Savills latest research using Pitchbook data, €13.2bn of venture capital (VC) was raised by European headquartered life science companies between 2014 and 2018, resulting in over 650,000 sqm of office and lab deals across selected European life science markets between 2016 and 2020. Biotechnology and nanotechnology industries are also developing rapidly in Poland.
Panattoni is expanding Panattoni Park Tychy and is to lease out over 38,000 sqm to two tenants. The first is Tiberina Group subsidiary U-Form, a leading supplier of components for the automotive sector in the EMEA region. The company was represented by Cresa Polska. The other is Nodium Group – the owner of two online platforms – sport-shop.pl and nodik.pl. The company is to consolidate its operations by occupying more warehousing space than it already leases.
Jason Drennan, Investment Director at Heimstaden talked to Property Forum about the rapidly developing PRS market in Poland, surging residential prices and plans for the upcoming months.
Internet radio station, newonce.radio will move its headquarters to the Norblin Factory in Warsaw. On an area of 366 sqm there will be a new radio studio, editorial offices and office facilities, including a conference room.
Specjał Group, Polish-owned FMCG distributor, has leased another 1,400 sqm of warehouse space for its Warsaw branch in Panattoni Park Konotopa II. The tenant was represented during the lease transaction process by real estate advisory firm Cresa Poland.
Poczta Polska has leased 3,300 sqm of warehouse space and almost 1,000 sqm of offices in 7R City Flex Gdynia. The agreement has been signed for ten years.
New appointments
Two new professionals are joining MDC2 - a warehouse and industrial developer operating on the Polish market. Wojciech Kosiór has been appointed as a Head of Development and will be responsible for project development in Central and Northern Poland. Bartłomiej Kazirod has been appointed as a Project Director working within the construction team.
Paweł Suracki joined Colliers as the Investment Services Director. He will be responsible for managing sales and purchasing processes on behalf of Colliers' clients and for establishing and maintaining relationships with potential and current Colliers' partners in Poland.
Avison Young has announced a key change to its directors’ team in Budapest with the arrival of Martina Cifer at the helm of its Office Leasing department. In her new capacity, she shall oversee both the company's Landlord and Tenant Representation divisions.
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