Planned Immofinanz-CA Immo merger postponed

Vienna and Warsaw Stock Exchange-listed developer and investor Immofinanz has revealed changes in the previously announced preliminary timetable for its planned merger with Vienna Stock Exchange-listed real estate company CA Immo. A vote on the merger, which was earlier expected to take place in the...

Panattoni developing 32,000 sqm project in Łódź for Decathlon

Logistics space developer Panattoni Europe is now developing a 32,000-sqm warehouse project in Łódź for sporting goods retailer Decathlon. The scheme, which will be located close to the existing Panattoni Park Łódź East logistics park, approximately 11 kilometers from the downtown of the city, is sc...

Echo sells Q22 tower in Warsaw for over €270 mln

Developer Echo Investment has finalized the sale of the Q22 office skyscraper in downtown Warsaw to investor Invesco Real Estate for a total of €273 million. The buyer has paid €230 million for the building to date, with the remaining sum due next year, once all the tenants have moved into the prope...

Credit Suisse buys Prosta Tower offices in Warsaw

Developer Marvipol has confirmed that its Prosta Tower office building in Warsaw has been acquired by investor Credit Suisse Asset Management Immobilien for €26.8 million. In mid-November, the company informed about the signing of a preliminary agreement for the sale of the property with “an interna...

Rockcastle finalizes €150 mln mall acquisition

South African investor Rockcastle Global Real Estate has finalized the acquisition of the Galeria Warmińska shopping mall in Olsztyn in north-eastern Poland from developer and manager Galeria Warmińska for €150 million. “Galeria Warmińska in Olsztyn is Rockcastle’s first acquisition in north-eastern...

Warsaw office market to see continued growth – report

Warsaw will, in the next five years, be the third (after Moscow and Istanbul) fastest-growing office market in Central and Eastern Europe, with approximately one million sqm of occupied office space expected to be added in the city within the period, according to a recent report by Cushman & Wak...

Segro retains major tenant at flagship CEE park

Metals distributor Investa has renewed its lease agreement with developer Segro for warehouse space at the Segro Logistics Park Stryków in central Poland. The tenant has also increased the amount of the area that it occupies at the park by 3,250 sqm, to a total of more than 18,150 sqm, with the tran...

Warimpex launches €50 mln office project in Łódź

Austrian investor and developer Warimpex has launched the construction work on its Ogrodowa 8 Office project in downtown Łódź, which will comprise 28,600 sqm of leasable space, including 3,900 sqm of retail and service area located on the ground floor of the scheme. The development is scheduled for ...

B&B budget hotel to open in Kraków in 2017

Budget hotel chain B&B Hotels plans to open a new hotel in Kraków in the final quarter of next year. Designed by the Arbapol architectural studio, the hotel will be located on ul. Monte Cassino, close to the ICE Kraków conference center, and will offer 130 rooms. The choice of Kraków as an expan...

P3 expanding Poznań logistics park

Logistics space developer P3 has started expanding its P3 Poznań logistics park near Poznań by an additional 30,000 sqm. “The demand for warehouse space in Poznań has led us to launch the construction work on three more buildings in our park,” said Piotr Bzowski, the leasing and development director...