Locked content Raiffeisen Polbank leases 20,000 sqm in Wola

Raiffeisen Polbank has signed a lease agreement for 19,500 sqm of office space and the entire retail space in the Prime Corporate Center scheme, currently under construction on ul. Grzybowska in Warsaw. This is the biggest lease transaction recorded this year. The project will feature 21,000 sqm of ...

Locked content Warsaw office vacancy rates above 13%

Office vacancy rates in Warsaw have increased in the second quarter of the year to reach 13.4 percent at the end of June, up from 11.7 percent at the end of Q1 2014, according to a report by Warsaw Research Forum, an association of commercial real estate advisory firms. Vacancy rates remain higher i...

Getting a foothold

Poland has long enjoyed its position as the top outsourcing destination in Europe. Where is the BPO sector headed now and can it drive growth in emerging office markets?

Locked content Residential market picking up

Construction of 72,253 apartment units was launched in H1 2014, 22.5 percent more than in the first six months of 2013, according to preliminary data published by statistics office GUS. The strong increase is at least partly the product of last year’s low base. In the January-June period of 2013, a ...

Locked content Orbis with higher revenue in H1 2014

Hospitality group Orbis, a unit of French Accor, recorded a revenue of PLN 326.8 million in the first half of 2014, 3.1 percent more than in H1 2013. At the same time, the average room price grew by 2.1 percent year-on-year, to PLN 209.1. In the second quarter of the year alone, the company’s ...

Locked content Prologis buys two warehouses from Invesco

Prologis purchased two logistics facilities, one in Poland and one in Hungary, from Invesco Real Estate. The value of the deal was not disclosed. The portfolio totals 94,200 sqm and is fully leased for an average term of 6 years. The property in Gliwice, Upper Silesia, Poland, comprises 56,700 sqm a...