Greykite European Real Estate Fund has commenced its deployment programme with the acquisition of a major logistics portfolio in Poland. Comprising three properties in Warsaw, Stryków and Gliwice, the portfolio will form the initial investment in a new €300 million joint venture with White Star Real Estate, a Central Europe-focused real estate developer and manager. White Star, the minority JV partner, developed the properties and will continue in its role as asset and property manager.

MDC2 and Fortress Real Estate Investments Limited have finalised the lease of approximately 25,000 sqm within MDC2 Park Łódź South. The tenant is Oriflame Holding AG, the owner of the Oriflame brand. It will start its operations at MDC2 Park Łódź South in Q1 2025. The investment was also previously chosen by Notino, which distributes cosmetics, perfumes and over-the-counter medicines from this location.

After Q1 2024, which saw the weakest transaction volume in years (€364 million), Polish capital led the way in commercial property investments, accounting for 25% of the total volume. Notably, the volume of investments by Polish capital in the first half of the year was double that of the previous year. For reference, the average share of Polish capital in the market from 2018 to 2022 was just around 2%, says Artur Czuba, Associate Director, Investment at Avison Young. 

In recent days, Newgate Investment (NGI) has finalized the acquisition of a ready-made retail park in Zgorzelec with a gross leasable area of 5,488 sq m (GLA). The seller was Smart Park Poland - an investor and developer of retail parks. The price has not been disclosed. Financing for the transaction was provided by mLeasing.

According to a report published by Newmark Polska, occupier activity on Poland’s largest regional city office markets (Kraków, Wrocław, Tricity, Katowice, Poznań, Łódź, Lublin, Szczecin) remains stable, but tenants are increasingly focusing on workspace efficiency and looking for better quality offices. Almost 70% of the total leasing activity across the regions is concentrated in Kraków, Tricity and Wrocław. With office availability in existing buildings in regions remaining high and estimated at nearly 1.2 million sqm, developer activity remains limited.

Radisson Hotel Group has announced the rebranding of prizeotel to Prize by Radisson and its entry in Poland. 

Panattoni has purchased a land plot where it is to build Panattoni Park Kraków East V. The launch of construction work is scheduled for October and the park’s first tenant – Highway Automotive – has already been found.

Fiege has leased more than 16,000 sqm in Panattoni Park Goleniów I, which is its third location in the Western Pomerania province. Cushman & Wakefield was responsible for providing assistance during the choice of location, negotiations and lease strategy development.

MLP Group has signed a long-term lease agreement with a Chinese manufacturer of automotive parts, which, as part of its global nearshoring strategy, will lease 23,000 sqm of modern warehouse and office space at the MLP Poznań West logistics centre. Construction of the facility will begin in the early fourth quarter of 2024, the handover is planed for the second quarter of 2025. The new building will meet the highest environmental standards, to be confirmed by BREEAM ‘Excellent’ certification.

Garbe Industrial Real Estate is moving ahead with expansion into new development projects in Poland. With this purpose in mind, two experts experienced in the warehouse real estate sector have been appointed as Managing Directors and local subsidiary’s members of the management board. Adrian Biesaga and Michał Stachura joined the Warsaw-based Garbe branch at the beginning of September this year.