Image: HB Reavis

HB Reavis secures record Warsaw lease deal

In what is the largest lease transaction to have been signed in the office market in Warsaw so far this year, ATM producer Diebold Nixdorf has leased more than 9,700 sqm of space in the West Station II office building, which HB Reavis is now developing in the city in cooperation with PKP and Xcity I...

Panattoni to develop 79,000-sqm BTS project for BSH

Industrial space developer Panattoni Europe is to develop a 79,000-sqm built-to-suit logistics center in Łódź for home appliances producer BSH Sprzęt Gospodarstwa Domowego. Construction work on the project is scheduled to launch in May and finish in the spring of next year. BSH, which offers home ap...

Locked content Griffin Premium confirms IPO price at PLN 5.7

Griffin Premium Real Estate has set the final issue price in its IPO at PLN 5.7, confirming earlier media reports. The maximum price set in the book building process was set at PLN 6.5. The company also announced how many shares will be floated. “The offering comprises issuance of 22,201,267 new sha...
Image: Avestus Real Estate

Avestus to launch Imagine office project in Łódź in Q3

Developer and investor Avestus Real Estate will in the third quarter of this year launch construction work on its Imagine office project in Łódź, which will comprise a total of 14,500 sqm of office space and 2,300 sqm of retail and service area in two buildings. A third building will accommodate par...

Locked content Griffin Premium sets IPO price at PLN 5.7 – media

Griffin Premium Real Estate, has set the final price in its initial public offering (IPO) at PLN 5.7 per share, according to market sources quoted by Polish media. The book building process ended on Tuesday in which the maximum possible price was set at PLN 6.5. Griffin Premium RE will sell between ...

Echo Investment secures loan for West Link in Wrocław

Echo Investment concluded a loan agreement worth €16.5 mln with Bank Millenium S.A. The funds will be used for the construction of the West Link office project in Wrocław. The project will have a total of over 14,000 sqm, featuring a car park for 266 vehicles. The completion of the project is planne...

Capgemini takes up 13,000 sqm in Business Garden Wrocław

Consulting, information technology and outsourcing company Capgemini will occupy more than 13,000 sqm of space in the Business Garden office complex in Wrocław, which is owned by developer Vastint Poland. Cushman & Wakefield represented the tenant in the lease negotiations. Capgemini is already ...

Białystok malls follow the extension trend

The eastern city of Białystok has seen a number of extensions to its shopping centers, with two still ongoing: the extension of Auchan Hetmańska set to be completed in 2017 and CH Zielone Wzgórze scheduled for completion in 2018, which will altogether add 14,500 sqm to the market, according to a rec...

Kraków office market putting up strong performance – report

The office stock in Kraków, the largest regional office market in Poland, has increased by almost 70 percent since 2012, with a record 146,900 sqm having been completed in the city in 2016 alone, according to the latest report by Savills. The office stock in the city will significantly exceed one mi...

Orbis to open combo hotel in Poznań in 2018

Hotel chain Orbis Hotel Group has started the modernization of the Novotel Poznań Centrum hotel in Poznań, which will be turned into a combo hotel combining two brands – ibis and Novotel – under one roof. The ibis Poznań Centrum hotel will occupy the first six stories with its 190 rooms, while the N...