MDC2, together with an investor - Invesco Real Estate, has concluded a lease agreement with AFL, which has taken 10,784 sqm at MDC2 Park Gliwice.

Panattoni has begun its biggest urban warehouse development in Warsaw. City Logistics Warsaw Airport IV with over 45,000 sqm is to be constructed near Warsaw’s Chopin Airport. In the first stage, a warehouse building is to be built that will be occupied by a tenant from the logistics sector.

REDD Group has launched finne, a search engine for commercial real estate, in four new countries in the region: Czech Republic, Slovakia, Romania and Hungary. 

Logistics provider LIT Logistyka Polska has extended its lease in Panattoni Park Wrocław VII and expanded its warehouse premises to nearly 12,500 sqm. The lease agreement was renegotiated on behalf of the client by real estate advisory firm Newmark Polska.

P3 Logistic Parks has begun construction of a new logistics hub called P3 Wrocław I, which will be optimised for the needs of the e-commerce sector. The entire 265,000 sqm park has already been fully leased to one tenant. Colliers Poland advised on the transaction.

CTP has started construction work on the fifth building within the CTPark Opole industrial and logistics park. The expansion of the complex will accommodate the expansion of the UFI Filters Poland brand, which has so far occupied an area of 6,000 sqm. The Italian manufacturer of filter systems for the automotive industry is doubling its lease space at CTPark Opole and is anticipated to move into the new building in the third quarter of 2024.

Panattoni has completed the development of a factory in Wronki for Samsung.  With the new manufacturing and warehouse space, the company will increase the production capacity of the already-operational household appliance factory.

Van der Vorm Group, a Dutch investment fund, has completed the acquisition of 119 turnkey flats located on Siennicka Street in the Praga Południe district of Warsaw. The price has not been disclosed.

As of the end of 2023, Warsaw remains the leader in Poland’s office market, but the 61,000 sqm (-74% y/y) completed in the last 12 months was one of the lowest results in its history, says Axi Immo. The developer’s lower activity period seems to be over, as by 2026, some 150,000 sqm of new supply should be delivered each year. After a very good 2022, 2023 was not much worse. Between January and December 2023, tenants signed contracts for about 750,000 sqm, meaning the total volume of transactions was slightly 13% lower than the year before. Continued low supply in 2023 and stabilizing demand reduced the vacancy to 647,000 sqm (-11% y/y).

The LIXA E office building, built as part of the office complex near Warsaw’s Daszyński Roundabout, has been granted a use permit. The building developed by Yareal Polska has provided the Warsaw market with almost 18,000 sqm of office space.