Cordia International raised its stake in Polnord S.A. to 92.92% in a tender offer. Following the transaction, the shareholders elected a new supervisory board with representatives from Cordia.

This year’s first quarter on Poland’s regional office markets was marked by a high level of activity from tenants in the IT sector. The next few months may bring acceleration in activity from companies in the business services sector. JLL summarised the situation on the Polish office market at the end of Q1 2020.

Panattoni has leased approx. 7,300 sqm to DSV Road at City Logistics Łódź II. The facility will be handed over to the tenant in the coming June. To date, the developer has completed 10+ projects for the DSV Group, developing approx. 170,000 sqm of space in total in Poland and the Czech Republic.

CPI Property Group announced the acquisition of a 50.3% stake in the Chałubinskiego 8 office building in central Warsaw. The stake has been acquired from First Property Group for €44 million. 

CPI Property Group has prepared an update regarding the Group’s performance following the outbreak of COVID-19.

The Polish Commercial Real Estate Chamber (PINK) published figures on Poland’s regional office markets for Q1 2020. The data is sourced from advisory companies from the commercial real estate sector (BNP Paribas Real Estate, CBRE, Colliers International, Cresa, Cushman & Wakefield, JLL, Knight Frank, Savills) and includes information on modern office stock, new completions, take-up volumes and vacancy rates.

Construction of the new Student Depot student housing block in Gdańsk is going faster than planned despite the challenges created by the global COVID-19 pandemic, owner Kajima reports. The facility is due to be complete in the summer, ready to welcome its first students in September 2020.

Section B of the Olivia Prime office project in Gdańsk has received an occupancy permit and become the third largest office building in Poland. The Olivia Business Center complex now comprises 175,000 sqm in seven buildings and has a target size of more than 200,000 sqm.

Panattoni has just bought land in Czeladź, the location of many previous projects by the developer. Construction works on the next distribution centre, the 36,500-square-metre Panattoni Park Czeladź V, will commence during this quarter.

What are the impacts of the coronavirus lockdown on the Polish property market? Our experts discussed, among other things, how government measures may affect the market and how this crisis accelerates the adaptation of technology. We summarize some arguments of the online panel discussion, moderated by Seweryna Afanasjew MRICS, Board Member of RICS World Europe Board.