E-commerce accounts for 59% of warehouse demand in 2016

Retail chains and logistics operators accounted for nearly 59 percent out of the record-high 3 million sqm of warehouse space leased throughout 2016, JLL stated in a report. Logistics firms’ share in total demand rose slightly from 29 percent in 2015 to 30 percent last year. “This result is mainly d...

576,000 sqm of shopping center space in the pipeline – PRRF

As of the end of H2 2016, there was approximately 576,000 sqm of modern shopping center space under construction, around 68 percent of which is scheduled to be delivered by year-end 2017. The eight largest agglomerations accounted for the largest share in the development pipeline (77 percent), accor...

Panattoni to develop 13,500-sqm BTS project for Thule Group

Developer Panattoni Europe is to deliver a 13,500 built-to-suit industrial project in Piła in the Pomeranian Special Economic Zone for cargo carriers producer Thule Group. Construction work on the scheme is scheduled to launch on March 1 and finish by the beginning of August, with the development ex...

Record-breaking demand for warehouse space in CEE – C&W

The amount of industrial space leased in Central and Eastern Europe (Poland, Czech Republic, Hungary, Slovakia and Romania) in 2016 was the largest ever recorded, totalling 5.7 million sqm. This represents a 25 percent increase over the preceding two years when about 4.5 million sqm was leased, acco...

Over 1.3 mln sqm of office space leased in 2016 – JLL

Demand for office space in 2016 amounted to 1.34 million sqm, the second best result in Polish market history, after a record-breaking 2015, as stated in a recent report by advisory firm JLL. “This slight decrease in demand was caused mainly by a lower number of large lease deals signed by companies...

Platan mall in Zabrze to be extended

The Platan shopping center in Zabrze is going to be extended and modernized later this year, with Rockcastle, the owner of the mall, planning to launch construction work on the project toward the end of Q2 or at the beginning of Q3. The company is now in the process of selecting the general contract...

Major tenant stays in Poleczki Business Park in Warsaw

Engineering and project consulting company ILF Consulting Engineers Polska has renewed its lease agreement for approximately 4,200 sqm of office space in the Poleczki Business Park complex in southern Warsaw. JLL represented the tenant in his negotiations with UBM, the developer of the project. The ...

Locked content WSE suspends trading of Orco Property Group

WSE has suspended the trading of Orco Property Group shares after Poland’s financial watchdog KNF filed such motion. KNF demand stems from the Orco suspending its trade on the Luxembourg Stock Exchange. The company decided to withdraw its shares from the market after its majority shareholder, CPI Pr...

Cornerstone laid for .KTW offices in Katowice

Investor TDJ Estate has recently held the cornerstone laying ceremony at the construction site of the .KTW I office project in downtown Katowice, which will be located just next to the city’s iconic Spodek building. Builder Strabag is acting as the general contractor for the scheme, which is s...