Demolition works are now beginning on the site of the City Point Targówek redevelopment project in Warsaw. The existing buildings will be removed and replaced with a multi-tenant logistics complex. Once completed, the park will offer nearly 100,000 sqm of modern warehousing and office space. The first completed buildings will be delivered to tenants in the third quarter of 2023.

Revetas Capital is converting its office landbank portfolio of approximately 90,000 sqm developable GLA in 3 major cities in Poland into residential, entering the Private Rental Sector. The recapitalization of the portfolio should provide a capacity of up to 2,000 beds. The objective of the conversion is to build an institutional PRS portfolio in major Polish university cities.

Iris office building, located in Warsaw at 9 Cybernetyki Street has been sold by the entity being a part of CPD Group to DL Invest Group. Avison Young brokered the transaction and represented the seller in the disposal process.

PINK has published figures on office market in Warsaw for Q3 2022. The data is sourced from advisory companies from the commercial real estate sector (BNP Paribas Real Estate, CBRE, Colliers, Cushman&Wakefield, JLL, Knight Frank, Newmark, Savills) and includes information on modern office stock, new completions, take-up volumes and vacancy rates.

Ghelamco officially presented its latest project in the business centre of Warsaw. The office complex named VIBE will comprise of two buildings located next to the other project of the Belgian developer, the Warsaw HUB. 

Two years after the start of construction, Skanska has completed works on the P180 office building, located at the Wilanowska metro station. The building received an occupancy permit, which means that the Warsaw office market has gained an additional 32,000 sqm of office space. IT specialists from the international Netcompany moved into the newly commissioned office building, which offers the tenant 6,000 sqm of space.

GLP announced that its GLP Warsaw III Logistics centre in Kobyłka is now fully leased, only four months into operation.

International Industrial Properties (IIProp), an industrial and logistics platform owned by Madison International Realty and Griffin Capital Partners, has launched the development of a 93,500 sqm warehousing park in Nadarzyn, on Warsaw’s southwestern outskirts.

Atenor and Ennismore have announced the signing of a new TRIBE hotel within the FORT 7 project near Warsaw Chopin Airport. 

Panattoni is developing a factory for Reynaers Aluminium near Warsaw. The global leader in the aluminium market is to make use of a centre of almost 29,000 sqm, which will be one of the company’s largest production facilities in Europe. The development is to be submitted for BREEAM certification for a rating of ‘Excellent’.