GLP has begun construction of a new 67,000 sqm warehouse at Wrocław V Logistics Centre in Magnice, Poland. The building is expected to achieve a BREEAM "Outstanding" level certification.

Futureal Investment Partners, a member of Futureal Group, has finalized the ESG repositioning of its Wratislavia Tower in Wrocław, Poland. During the process, the building also received a BREEAM Excellent in-use certificate. The retrofitting project followed Futureal's "Office Impact Strategy," whereby older office buildings are being redeveloped to meet modern ESG market standards.

Panattoni has finalised the sale of a centre in Lower Silesia. An international real estate company has purchased Panattoni Park Wrocław West Gate with a total area of 46,900 sqm. The price has not been revealed. 

Construction is underway for 7R's inaugural Green Saver product in Kąty Wrocławskie, Poland, aimed at reducing both CO2 emissions and operating costs. 7R Park Wrocław West II has just secured a total of PLN 87 million (€20.3 million) in financing from Bank Pekao S.A.

Ideal Idea is commencing the construction of its fifth facility as part of the expansion of the City Park Wrocław business park, located next to the airport of the Lower Silesian capital. The new 15,000 sqm building increases the total space offered by Ideal Idea in Wrocław to 36,000 sqm.

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.

Although employment in the shared services sector is growing by the year, this has not led to stronger demand for office space. However, SSC/BPO/R&D centres remain key office tenants in Kraków and Wrocław. Warsaw also continues to feature on corporates’ radars, says Newmark Poland.

Avestus Real Estate has signed a loan agreement to refinance the Imagine office complex in Łódź. The loan for a total of €23.9 million was provided by mBank S.A.

The Polish chain Focus Hotels, part of the Immobile Capital Group, has concluded a lease agreement for its first hotel in Wrocław. The company plans to open the facility in the fourth quarter of 2024.