ARTICLES LABELLED WITH TAG Wroclaw

Real estate advisory firm Savills has been appointed as sole letting agent for office space in West Forum in Wrocław. The office complex is owned by GNT Ventures Properties managed by TFG Asset Management.

Czech real estate fund Investika has announced its second acquisition this year. After a set of three residential properties in the Czech Republic and Spain, it has now acquired a manufacturing and logistics complex near Wroclaw, Poland. The value of the transaction amounts to approximately CZK 1 billion, the company announced.

Last year, Biuro Inwestycji Kapitałowych, supervised by Logicenters, signed lease agreements for nearly 15,000 sqm, which accounts for approx. 25% of the offered finished warehouse space. All facilities are almost fully leased. In order to extend the portfolio with new facilities, a new warehouse is currently under construction at BIK Park Wrocław, which will provide 22.5 thousand sqm of modern warehouse space. It is scheduled for completion in the third quarter of this year.

West 4 Business Hub I, a Class A office building of an area exceeding 15,500 sqm, was acquired by Solida Capital, an investment and development company. The project of Echo Investment, which obtained the occupancy permit last year, was sold for nearly €40 million.

Wyndham Hotels & Resorts announced its entry into Poland with the 205-room Wyndham Wrocław Old Town. Managed by Mogotel Hotel Group the hotel is expected to open early next month and will be located in the heart of Wrocław's city center.

Biuro Inwestycji Kapitałowych has started the second stage of construction of the logistics park BIK Park Wrocław. The speculative investment will provide 22,500 sqm of modern warehouse space. The area of ​​the entire complex will eventually reach the target size of 47,500 sqm. Completion of construction works is planned for the third quarter of 2022.

MVGM has been appointed by Hansainvest Real Assets to manage 44,000 sqm of space in two logistics centres: Panattoni Park City Logistics II Wrocław and Panattoni Park Poznań X.

Skanska has sold two office projects in Poland to Stena Real Estate BV, an international property company that is part of the privately owned Swedish Stena Group. The first phase of the Centrum Południe complex in Wroclaw, consisting of two joint office buildings, and the last building of the High5ive complex in Krakow, comprises 39,400 sqm of office space. The projects are designed and built in line with ESG principles. It is the second transaction between the two parties in CEE since the second building from the Spark office complex in Warsaw was acquired in 2020.

Panattoni has secured another major lease for its new project, Panattoni Park Wrocław XIII. LX Pantos, one of the largest logistics operators in Korea and Southeast Asia, will occupy as much as 43,500 sqm in the new park – more than three times as much as it originally planned.

Hungarian asset manager Futureal Investment Partners has made its second acquisition – the Wratislavia Towers mixed-use development in Wrocław city centre. The value of the transaction remains undisclosed.