Image: Cushman & Wakefield

Alfa Centrum mall in Białystok sold for €92 mln

Investor NEPI Rockcastle has acquired the Alfa Centrum shopping center in Białystok in eastern Poland from Grupa JWK. The value of the transaction, in which the buyer and the seller were represented by Cushman & Wakefield and CBRE respectively, amounts to approximately €92 million. Alfa Centrum ...

Demand for housing loans up by 10.7 percent in October– BIK

According to data gathered by the credit information bureau BIK, the demand for housing loans in the Polish banking sector increased by 10.7 percent y/y in October. The average value of loan application amounted to PLN 238k and was higher by 5.6 percent y/y. The data excludes loan applications excee...
Image: UBM

UBM opens Kotlarska 11 office building in Kraków

Developer UBM has officially opened for business its Kotlarska 11 office building in Kraków, which comprises 9,000 sqm of office space and 2,500 sqm of service area. Its tenants include Grand Parade (6,800 sqm) and Chatham Financial (1,600 sqm) with Knight Frank acting as the leasing agent. Kotlarsk...

Demand for luxury apartments on the rise – Reas

The demand for and supply of apartments in the “upper middle” and “high-end” segments of the residential market, which are typically priced more than PLN 17,000 per sqm, has been growing this year. According to Reas, a total of over 470 such units were sold in Warsaw, Kraków,...

Papa John’s leases warehouse space in Warsaw

US pizza delivery restaurant chain Papa John’s, which has recently announced its plans to enter Poland and is expected to open its first locations in Warsaw in December, has leased almost 1,600 sqm of warehouse, production and office space in the city’s Ideal Distribution Center complex. AXI Immo su...
Image: Vastint Poland

New tenant in Business Garden Poznań complex

Developer Vastint Poland has signed lender Provident Poland for its Business Garden Poznań office complex in Poznań. The tenant, who was represented by Colliers International during the lease negotiations, has taken up almost 700 sqm in the location and will move into its new premises at the beginni...

Marvipol Development’s prospectus approved

The process of dividing the Marvipol capital group – a developer of residential and commercial real estate projects, as well an importer and dealer of Jaguar, Land Rover and Aston Martin cars – into two separate listed companies is nearing completion. The Polish Financial Supervision Authority (KNF)...
Image: Panattoni Europe

MACO leases over 10,000 sqm in Silesia from Panattoni

MACO, an Austrian manufacturer of turn-and-tilt hardware for windows, has leased more than 10,000 sqm of industrial, warehouse and office space in the Panattoni Park Gliwice III in Silesia and will move into its new premises in January 2018. Savills represented the tenant, for whom this will be the ...

Warsaw with 84,000 sqm of flexible office space

Serviced and co-working office space is now becoming increasingly popular in Poland with the demand for flexible office solutions in the country being driven by both start-ups and large corporations, according to a recent report by Savills. Warsaw currently features a total of nearly 84,000 sqm of f...