After the Polish government announced a major reopening of the retail economy last month, outlets are seeing more than 80% of footfall on average, with convenience centres attracting between 90% to 100% clients as compared to the previous year. Such positive results are due to the fact that these types of centres are shopping destinations in their own right but only offer a limited number of options for spending free time. However, this paradoxically is now working in favour of outlet centres and convenience centres.

Trei Real Estate, a developer and asset holder for residential and retail real estate with activities across Europe, just opened the 17th retail park of its Vendo Park brand in Poland. The retail park is located in the city of Płock in the Masovian voivodeship. Płock has a population of around 120,000 residents and lies roughly 100 kilometres north-west of Warsaw. The total investment costs equal €6.7 million.

Tomasz Żak has joined the 7R team as Head of the company’s Asset and Property Management department. 7R currently manages a 500,000 sqm real estate portfolio throughout Poland, and is focused on strengthening this business line as part of the company’s business development strategy.

Following over 4 years of intensive work, Ghelamco Poland has completed the revitalisation of two historic tenement houses at 13 and 15 Foksal Street in Warsaw.

Philippines-based investor ISOC Group has acquired buildings A and B of the Silesia Business Park office complex in Katowice, developed by Skanska, from a fund managed by Scandinavian investor NIAM.  In Poland, the buyer is represented by Augusta Cracovia.

CPI Property Group is taking over the management of the Central Tower and Prosta 69 buildings in Warsaw. The company now manages 9 out of the 13 office building it owns in Warsaw

Eiffage Immobilier Polska has appointed Savills to seek an investment partner for the development of a bespoke 453-unit build-to-rent opportunity in Warsaw within a secured development pipeline of over 2,300 units across Poland’s top five cities.

Globalworth is taking over the property management of five more office buildings in its Polish portfolio. Centrum Lubicz Office in Kraków and Bliski Centrum, Philips House, Nordic Park and Batory Building I in Warsaw have a combined area of ​​over 50,000 sqm.

Polish developer Archicom has finalised the sale of the City One, the first building of the City Forum office complex in central Wrocław to an international institutional investor for €33.8 million. The name of the buyer has not been disclosed.

Panattoni has completed the development of Panattoni Park Bydgoszcz II. The 36,500-square-metre project was built within the city limits, in an investment area of Bydgoszcz.