Real estate owner GTC has secured a refinancing loan of up to €84 million from J&T Banka for Galeria Północna, one of its landmark retail assets in Warsaw. The five-year facility will strengthen the company’s liquidity and support the acquisition of the remaining stake in its German residential portfolio, the company announced on LinkedIn.  

CPI Property Group (CPIPG) has launched the next stage of modernisation at the Eurocentrum-Alfa office building in Warsaw, part of the Eurocentrum Office Complex. Following earlier investment in HVAC and building management systems, work is now beginning on a full refurbishment of the lobby area.

CA Immo has announced that the Saski Crescent office building in Warsaw is now fully leased following the signing of new contracts with three companies, which together took 3,500 sqm of space. The property is now home to 12 tenants from different industries, while the ground floor hosts the BursztyNova Restaurant and Café, open to both employees and external visitors.

Two Class A office buildings in Warsaw – Nefryt and Topaz, located on Domaniewska Street – have been sold in a transaction involving a UK-based private equity fund and Resolution Capital Management. Cushman & Wakefield advised one of the buyers and continues to manage the complex, while Colliers represented the seller.

Deutsche Pfandbriefbank AG (pbb) has provided in total €40 million investment loan facilities to an office fund. The fund will use the financing for the acquisition of two office buildings in Warsaw and to improve their ESG status. The asset management will be done by George Leslie, Resolution Capital Management.

AXI Immo has released its latest report on the Warsaw office market for the first half of 2025, showing the city’s continued resilience amid changing economic conditions. Despite a modest level of tenant activity, with total take-up reaching approximately 300,000 sqm, leasing remained steady and focused largely on central locations. Around 85,000 sqm of modern space was delivered in the first six months, with 93% located in central zones, primarily through flagship projects like The Bridge and Office House. The vacancy rate across the city stood at 10.8%, with 140,000 sqm under construction by the end of June.

City Point Targówek, an urban logistics development in Warsaw, has secured a lease agreement for 10,000 sqm of warehouse space with a leading company from the food production and distribution sector. According to Peakside Capital Advisors, this is the largest lease signed on the Warsaw logistics market in 2025 to date, both in terms of size and level of technical customisation. Handover is scheduled for Q3 2026.

Savills has been appointed as the exclusive leasing agent for Biura przy Warzelni, the largest office building in the Browary Warszawskie complex owned by Deka Immobilien. The firm already represents several other Deka assets in Poland, including Willa Fabrykanta and Warzelnia, which houses the popular Nine’s restaurant.

According to a report from Cushman & Wakefield, Warsaw’s office development pipeline has fallen to its lowest level in 30 years, with only 130,000 sqm currently under construction — a volume last seen in 1995. While new supply remains limited, demand for centrally located office space continues to support prime rental growth.

According to Avison Young, at the end of the first half of 2025, Warsaw's modern office stock reached 6.33 million sqm. Three projects were delivered: The Bridge (51,800 sqm), Office House (27,800 sqm), and CD Projekt HQ (5,600 sqm), all contributing to the city’s central zones, which continue to concentrate nearly 90% of new supply.