Locked content PHN to buy two Wilanów office projects from Polnord

PHN has signed a letter of intent with Polnord and its subsidiaries to purchase the Bethone and Befree office schemes within the Wilanów Office Park in Wialnów. The buildings offer 17,580 sqm of GLA. PHN is one of Poland’s largest real estate investors, with portfolio comprising 140 assets worth PLN...

Warehouse space increased by 2 mln sqm y/y – CBRE

The total amount of warehouse space in Poland is almost 15 million sqm (up by 2 million sqm y/y), which means that Poland has twice as much space as the Czech Republic and six times more than Slovakia, according to the CBRE report “Market View: Polish industrial and logistics market after Q3 2...

Apartment prices up 6.4% y/y in Q3 – GUS

Apartment prices increased 6.4 percent y/y and 3 percent q/q in Q3 according to data released by Central Statistics Office GUS. The average transactional price was PLN 7,324 per square meter. The data covers 6 biggest markets: Warsaw, Kraków, Poznań, Łódź, Wrocław, and Tri-City.

Residential sector on the rise – GUS

At end-October, the number of dwellings on which construction has started increased by 9.5 percent y/y to 194k, according to data released by the Central Statistics Office (GUS). Out of that number, 112.6k houses are being built by developers and 77k by individual investors.

Biedronka to take up over 1,000 sqm at The Warsaw HUB

Discount retailer Biedronka will open its store at Ghelamco Poland’s The Warsaw HUB mixed-use project in Warsaw. The chain has leased 1,085 sqm at the scheme for the period of ten years. Located in the Rondo Daszyńskiego area of the Wola district of the Polish capital, The Warsaw HUB development wil...

Adgar with new Warsaw office asset

Investor Adgar Poland has acquired an office building located on ul. Czackiego 15/17 in downtown Warsaw from Molina Nieruchomości. The value of the transaction amounts to PLN 36 million. The seven-floor property offers approximately 4,000 sqm of leasable space. After modernization, it will house the...

Nowa Stacja mall opens in Pruszków

Developer ECC Real Estate has opened for business its Nowa Stacja shopping center in Pruszków near Warsaw. The mall comprises approximately 27,000 sqm of space and houses around 100 stores and points of service. It was built by general contractor Karmar and is being commercialized by Aspenn. Anchor ...

Polish projects showcased at MAPIC in Cannes

The 2018 edition of MAPIC – the leading international retail property fair – has kicked off in Cannes, France, bringing together more than 2,500 shopping center developers and owners from around the world. They will be showcasing their latest projects there till the end of this week. Like in previou...