Futureal Investment Partners, a member of Futureal Group, and 1 Asset Management, an investment management company, backed by real estate development company Hanner, have announced the successful transaction involving the division and sale of two buildings within Lipowy Office Park located at Żwirki I Wigury St. in Warsaw, Poland. The price has not been revealed.

PropertyTalents, a leading European Built Environment Advisory specializing in career and company development, proudly announces the inaugural BE Mixer by PropertyTalents (Warsaw edition). This premier event is set to launch on the first day of spring, March 21, 2024, from 18:00 to 23:00, marking a new beginning filled with insights and networking.

Ultimately, more than 10 MW of green energy from photovoltaic farms will power Warsaw UNIT, an office building developed and owned by Ghelamco. It is the first skyscraper in Poland entirely powered by green energy. Funding for the innovative remote farm project was provided by ESCOlight, and the contractor is Revolt Energy, part of the Blachotrapez Group.

Experts of Cushman & Wakefield expect transactional activity on the Polish hotel market to pick up in 2024 as key performance indicators continue to improve and the pressure on investors to allocate capital builds up. Although 2023’s total investment volume on the Polish market was below that of 2019, it reached nearly €83 million - an 82% increase year-on-year. Warsaw, Vilnius and Edinburg are the only main European hotel markets that reported year-on-year growth in occupancy levels last year. At the same time, Warsaw came third for ADR growth (EUR) in 2023, with an increase of 20.1% year-on-year. 

CTP has expanded the Polish capital’s warehouse market by more than 67,000 sqm through the delivery of two new buildings at CTPark Warsaw South. This completion means the industrial and logistics complex in Mszczonów, near Warsaw, is now almost 90 per cent complete.

CPI Property Group has sold the Concept Tower office building in Warsaw to Wood & Company Real Estate Fund. The price has not been discolsed.

Zeitgeist Asset Management has obtained the occupancy permit for a private dormitory at 22 Solec in Warsaw. The company has renovated a former office building to become a flagship project of Zeitraum Student Housing in Poland, offering 214 beds and a common area with a variety of services. 

Vastint Poland has been awarded the LEED Gold certification for the Sound Garden Hotel located within Business Garden Warsaw. This is the last of seven buildings that make up this  complex, which has successfully undergone multi-criteria environmental verification.

The international manufacturer and distributor of furniture accessories, lighting and tools is expanding its footprint at MLP Pruszków II, the logistics centre near Poland’s capital city Warsaw. As a result of this move, GTV will occupy a total of over 47,200 sqm of space in the region’s largest warehouse complex. The handover of the additional 15,100 sqm facility is slated for the fourth quarter of this year. The transaction has been brokered through Axi Immo.

The volume of vacant office space in Warsaw is shrinking as the number of office buildings under construction and delivered to the market is low and occupier demand remains stable, reveals BNP Real Estate Poland in its quarterly report. Meanwhile, older office buildings are undergoing refurbishment as approximately 70% of existing stock is energy inefficient.