Record low office vacancy rate in Warsaw – Cresa

The vacancy rate in Warsaw’s office property market decreased to 10.8% in the first quarter of 2018, which is the lowest level to have been recorded in the last five years, according to the latest report by Cresa. The company’s experts predict that the rate will continue to drop this and next year w...

Erbud with PLN 90.8 mln contract with Neuca

Martinique Investment, a company from the Neuca group, has selected builder Erbud as the general contractor of the third phase of the group’s ongoing project in Toruń in northern Poland, which will involve the development of its new main offices and a distribution center on the city’s ul. Forteczna....

Panattoni with 30,000-sqm lease deal in Zielona Góra

E-commerce company expondo Polska has leased almost 30,000 sqm of warehouse space at the Panattoni Park Zielona Góra logistics park, which developer Panattoni Europe is now developing in western Poland. The tenant will move into its new premises in October this year. When fully developed, Panattoni ...

Green light for new outlet center project in Kraków

The municipal authorities in Kraków have enacted a zoning plan that allows for the development of KG Group’s planned Cracovia Outlet retail scheme. The investment will be built in two phases with the first of them – comprising almost 12,000 sqm of GLA and housing 80 stores – scheduled to be complete...

GTC’s Łódź offices with green credentials

Warsaw Stock Exchange-listed developer GTC has secured a BREEAM In-Use certificate for energy efficiency and environmental performance at the “Excellent” level for its Sterlinga Business Center office building in downtown Łódź. The certificate has been granted in the “Asset” and “Management” categor...

Carrefour to expand Zgorzelec shopping center

Retailer Carrefour Polska has obtained a building permit for a new part of its Galeria Słowiańska shopping center in Zgorzelec in western Poland. The mall, which was renovated in 2016, will grow by approximately 3,000 sqm. Galeria Słowiańska currently comprises more than 18,000 sqm and houses almost...

More Skanska offices under construction in Kraków

Developer Skanska Property Poland has launched construction work on the fourth building within its High5ive office project in downtown Kraków. The building will comprise approximately 24,500 sqm of office space and is scheduled to be completed in the first quarter of 2020. The entire High5ive scheme...

NEPI Rockcastle buys Olsztyn mall for almost €65 mln

Johannesburg Stock Exchange- and Euronext Amsterdam-listed commercial property investor and developer NEPI Rockcastle has acquired the Aura shopping center in Olsztyn in north-eastern Poland from Rockspring. The value of the transaction amounts to €64.9 million. Opened for business in 2005, the Aura...

H&M to take up 30,000 sqm at Segro’s Poznań park

Fashion retailer H&M and developer Segro have signed a lease agreement for 30,000 sqm of warehouse space at the Segro Logistics Park Poznań, Gądki park in western Poland. The distribution center will service the online operations of the tenant. The transaction between H&M and Segro was broke...

More Amsterdam apartments on sale in Warsaw

Warsaw Stock Exchange-listed developer Dom Development has launched sales of apartments in the third phase of its Osiedle Amsterdam residential project in the Polish capital. On offer are a total of 202 units in two buildings that are scheduled to be completed in the final quarter of 2019. The entir...