Locked content Retail investment down 50 percent y/y in Q1-Q3

The volume of retail real estate investment transactions between January and September 2014 came in at €416 million, 50 percent less than in the corresponding period of last year, according to Cushman & Wakefield. “Despite this notable drop in the investment activity, investors continue to show ...

Locked content CBRE GI buys Warsaw logistics center for €32 million

CBRE Global Investors has acquired a 30,600-sqm distribution center in Warsaw for €32 million from a fund managed by BPH TFI. The property comprises 20,200 sqm of warehouse space and 10,400 sqm of office space. It is located in Warsaw Zone I and currently has 14 tenants. “We are very pleased with th...

Locked content BNP Paribas leases 4,000 sqm in Warsaw Spire

BNP Paribas has leased 4,000 sqm of office space in Building B of Ghelamco’s Warsaw Spire complex. BNP Paribas will move into its new offices in the second half of 2015. After the deal, building B is now 90 percent leased. The developer has also signed a letter of intent for another 6,000 sqm ofR...

Locked content PZU fund buys property portfolio

The closed-end real estate investment fund of insurer PZU has acquired a “prestigious logistics property portfolio,” the company said in a news release on Friday. The deal value was about €140 million. The portfolio consists of four logistics parks located in Wrocław, Łódź and Gdańsk. Clifford Chanc...

Locked content Orbis buys land for four-star hotel in Kraków

Hotel operator Orbis has purchased a plot of land in Kraków for PLN 18.8 million, where it will build a four-star hotel under the Mercure brand. Thew entire investment will cost nearly PLN 100 million. The hotel is set to be opened at the end of 2016. “A 200-room, four-star hotel under the Mercure b...

Locked content Strabag to build new VW plant near Poznań

Strabag has been selected to build a new production plant for Volkswagen in Poland. The car manufacturer plans to manufacture the next generation of its VW Crafter delivery van in the new factory in Białotężyce near Września, about 50 km from Poznań. Strabag has been commissioned to build three of t...

Locked content DTZ: 40% of Polish malls free of debt

Some 40 percent of shopping centers in Poland (out of the 114 schemes analyzed) have no mortgage loans encumbering them. These are usually properties held by large retail operators or investment funds with low-risk profile and long-term investment horizon, according to a recent DTZ report. These com...