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WOOD & Company Real Estate Fund will acquire the Astrum Business Park office building in Warsaw from Prochem S.A. and the LFI investment fund, marking the Fund’s first real estate acquisition in Poland. The building has a total leasable area of over 23,000 sqm and is fully leased. The transaction is subject to the tax ruling procedure, the company announces on its website.

Warsaw UNIT is now fully adapted to work in a post-pandemic reality. The effectiveness of the solutions used in the high-rise building has been confirmed by the WELL Health-Safety Rating certificate.

With the purchase of a land plot on Marywilska Street in northern Warsaw, the DLE Poland fund, launched in 2021, has successfully finalised its first transaction. The property is located in a district that is undergoing a transformation from a purely industrial to a purely residential area.

GLP has launched the development of two new warehousing projects in Poland: the third phase of construction at Poznań Airport Logistics Centre and the first building of Warsaw V Logistics Centre.

The influx of refugees has resulted in further demand on Poland’s already fast-paced residential market. At the same time, fears over a prolonged or escalated crisis might decrease investment activity in the short run. Bartłomiej Annusewicz, CEO of luxury residential real estate agency Lions Estate talked to Property Forum about the trends driving various segments of the market.

HB Reavis has just obtained the occupancy permit for Forest tower, one of its flagship investments that is almost fully leased. With fit-out works now in progress in the 55,000 sqm Tower, the campus offers its full complement of 78,000 sqm GLA.

CREAM Property Advisors is now responsible for leasing the retail space of the Galeria Bemowo shopping centre in Warsaw.

The construction of the P180 office building, Skanska's investment, located directly next to the Wilanowska metro station in Warsaw, is entering its final phase. A symbolic topping out of the building signifies the end of construction works. The project will ultimately provide 32,000 sqm of office space. The building is scheduled to be commissioned in September 2022.

Unibail-Rodamco-Westfield has been awarded BREEAM In-Use v.6 for its Westfield Arkadia, Galeria Mokotów and Galeria Wileńska shopping centres in Warsaw, all of which were rated as ‘Excellent’ for asset performance.

Premium rents in Prague to rise and interesting incentives from landlords are expected. There is also a growing interest in office rents in Brno, which is responding to the growth in rents over the past two years. Premium rents also grew slightly in Ostrava. Leasing activity in Bratislava is keeping pace with new construction and, together with Vienna, is expecting a recovery. In Warsaw, upward pressure on premium rents will grow, but there is likely to be an easing of existing incentives for tenants. Budapest is gradually recovering from the covid crisis. Rents will remain stable this year, reports CBRE.