ARTICLES LABELLED WITH TAG Poland

Logistics investor Prologis has secured a €225 million framework loan from the European Investment Bank (EIB) to add photovoltaic systems and storage facilities to its projects across Central and Western Europe. 

The total volume of investments from six CEE countries reached €5 billion in the first three quarters of 2024, and next year the regional real estate investment market could exceed €10 billion, according to a Colliers report.

GLP has begun construction of its second logistics centre in Lędziny, in southern Poland. The building will ultimately offer 40,000 sqm of space, 10,500 sqm of which has already been leased to D&H Engineering, a company specialising in metal component processing using CNC machines and serving global customers in the automotive, off-road, hydraulic, and engineering sectors.

P3 Logistic Parks has constructed a facility in P3 Warsaw I Park for Rohlig SUUS Logistics – Poland's largest logistics operator.

MLP Group announced plans for a new logistics and industrial centre in Rzeszów (eastern Poland). The MLP Rzeszów facility will deliver over 52,000 square meters of modern warehouse and office space. The investment is scheduled to kick off in the second quarter of 2025.

Torus Group and J&T Banka have announced their signing of a loan agreement for Gdynia City Logistics - an urban logistics park developed and managed by the borrower.

In the third quarter of 2024, Poland’s regional city office markets demonstrated stability, though elevated vacancy rates remained a significant challenge, hindering development activity. The combined office stock of the eight key regional cities reached 6.73 million sqm. With 1.82 million sqm of office space, Kraków continued to lead the way, ahead of Wrocław (1.37 million sqm) and Tricity (1.06 million sqm), says BNP Paribas Real Estate.

Invesco Real Estate has acquired Cloud One Gdańsk hotel in Poland on behalf of its German client. The seller is Granaria Development Gdańsk, a joint venture entity created by Immobel and Multibud. The price has not been revealed.

Nepi Rockcastle has acquired the Silesia City Center mall in Katowice, in the Silesia province of southern Poland for €405 million, in one of the largest shopping centre transactions in Central and Eastern Europe in recent years. The vendors are Allianz (45%), Kamsa Luxco (45%) and Cura Beteiligungsgesellschaft (10%). Silesia City Center extends over 88,400 sqm of gross lettable area (GLA) and is a dominant shopping centre in Katowice, economically one of the strongest cities in Poland, with average spending per capita exceeding the national average by 35%.

Turawa Park shopping centre near Opole (southern Poland), owned by Focus Estate Fund since 2022, is steadily focusing on development and modernisation to meet the expectations of both customers and tenants. As part of the reconstruction, approximately 9,000 sqm GLA of space has been redesigned and enhanced. The project’s total cost was €5.5 million, with financing partially secured through BNP Paribas Bank.