Locked content Demand for office space slightly down in 2014 – CBRE

Poland’s office market has recorded a slight decline in demand, which is estimated at 600,000 sqm for the entire 2014, according to CBRE. This is largely caused by cyclical factors. Five years ago, in 2009, tenants were reluctant to sign new leases due to the global financial crisis and since the ma...

Locked content Housing construction numbers up in y/y terms

Developers and other investors completed 13,298 housing units in November 2014, 5.7 percent less than in October 2014 and 5.6 percent more than in November 2013, according to preliminary statistics published by the Central Statistical Office on Wednesday. Construction on 10,527 units was launched in...
Image : W.P. Carey

Locked content W.P. Carey buys logistics center in Opole

Real estate investment trust W.P. Carey has announced the acquisition of a 33,640 sqm warehouse and production building in Opole for €23.8 million. The newly-built facility was developed by Panattoni for Polaris Industries. The acquired scheme is designed to serve as the main European assembly and d...

Locked content P3 to build a 46,000-sqm BTS scheme for ID Logistics

P3 Logistic Parks will build a 46,230-sqm warehouse for ID Logistics. The built-to-suit facility will be located in the P3 Mszczonów park near Warsaw. Construction has already been launched and the scheme is scheduled for delivery in Q3 2015. ID Logistics said the facility will serve as a hub for a ...
Hampton by Hilton Warsaw City Centre
Image : S+B

Locked content Union Investment buys Hampton by Hilton in Warsaw

German fund Union Investment has finalized the purchase of Hampton by Hilton Warsaw City Centre, from the scheme’s developer, Austrian S+B Gruppe. The value of the deal has not been disclosed. The hotel is one of the biggest projects under Hampton by Hilton’s brand. It features 300 rooms on 17 floor...
Złota 44
Image : Maciej Krüger/BBI Development

Locked content Inso to complete the Złota 44 scheme

Italian construction company Inso has been appointed once again to complete the Złota 44 residential tower. The firm has signed an agreement with the new owners of the scheme, BBI Development and Amstar, which acquired Złota 44 from Orco in August. Inso was the building’s general contractor al...
Prime Corporate Center
Image : Advanced PR

Locked content Office take-up 12% higher y/y in CEE markets

Leasing volumes in 2014 have totaled 1.17 million sqm in the four CEE capitals (Warsaw, Prague, Budapest and Bratislava), recording a 12 percent increase compared to the corresponding period of last year and is expected to come in at 1.46 million sqm for the entire 2014, according to Cushman & W...
Libra Business Center
Image : CBRE

Locked content VIG buys two office projects in Warsaw

Vienna Insurance Group has acquired Jasna 26 and Libra Business Centre office buildings in Warsaw from Mermaid Properties. CBRE advised the buyer on this transaction. The value of the deal has not been disclosed. “This acquisition is a very good combination of two high quality office assets in stabl...