NEPI Rockcastle says it reached a record-breaking net operating income (NOI) of €556 million during 2024, a 13.2% increase compared to the previous year, over strong retailer sales and resilient consumer demand in CEE.

Syrena Real Estate, owner of properties in Warsaw and Wrocław, has signed a Corporate Power Purchase Agreement (cPPA) with Polenergia Sprzedaż, for the supply of green energy in the next four years.  

Develia has purchased a plot of land in central Wrocław, where it plans to develop a student accommodation project with around 600 rooms and two facilities. The property was acquired from a company within the Puro Hotels group for close to €10 million.

Panattoni has started speculative construction of the next phase of the Wrocław Campus 2 logistics complex. By June 2025, ca. 30,000 square meters will be delivered – part of a hall that will eventually reach 130,000 square meters, with the entire project totalling 160,000 square meters.

7R has sold Park Wrocław West II warehouse park in Kąty Wrocławskie. The purchaser is EQT Exeter, a global real estate investment manager. The price has not been disclosed.

Develia has concluded a final sales agreement for a real estate property located on Kolejowa Street in Wrocław with a subsidiary of AFI Europe. The transaction value amounts to PLN 50.5 million (ca. €11.75 million). The sale of the Wrocław land property is a part of Develia's strategy of divestment of its commercial real estate portfolio.

Hotel operator Hotel Co 51 has introduced its fifth Marriott brand to its European portfolio with the opening of the Element by Westin® Wrocław - the operator's second Polish property.

NEPI Rockcastle has acquired the 100,000 sqm Magnolia Park shopping centre in Wroclaw, Poland, from Union Investment in an off-market transaction. The sale price amounts to €373 million. Union Investment acquired Magnolia Park in 2017 for the portfolio of the open-ended real estate fund UniImmo: Europa. 

Nepi Rockcastle is in negotiations to acquire Magnolia Park, a shopping centre located in Wroclaw, Poland from Union Investment Real Estate. The property features 100,000 sqm GLA. The potential acquisition remains subject to the execution of formal written agreements, which is expected to occur in the coming weeks.

Total new office supply in Poland’s mine largest markets rose by 125,000 sqm during H1 2024 compared to the same period of last year, with Warsaw, Wrocław and Krakow commanding the biggest share of new deliveries, according to a report by Cushman & Wakefield.