ARTICLES LABELLED WITH TAG Wroclaw

The construction of a slurry wall as part of the construction of the Infinity office building in Wrocław has begun. The office project, which is being developed in the very heart of Wrocław, at John Paul II Square (the junction of Legnicka and Nabycińska Streets), will offer in total almost 22,000 sqm of leasable area. Eiffage Polska Budownictwo S.A. is responsible for the implementation of the current stage of works. The investment is scheduled to be completed in Q1 2023.

Echo Investment will take over a majority stake of the Wrocław-based Archicom company from its founders. Once the transaction is finalized, the Echo-Archicom group will be the largest residential developer in Poland – only in 2021, it will start the construction of 7,000 apartments for sale and rent.

Panattoni is to launch its latest project in the Wrocław area. Panattoni Park Wrocław East will be built in Dobrzykowice – just off the city’s eastern bypass. By September 2021, the developer will have completed 24,516 sqm of class A warehouse space in one building, including 11,000 sqm for the world's leading manufacturer of cooker hoods for household use. This is to be the first such modern distribution facility on the eastern outskirts of Wrocław. It will be developed in line with the company’s ‘Go Earthwise with Panattoni’ concept and is to be BREEAM certificated at the ‘Very Good’ level.

Panattoni is again investing in Lower Silesia. The developer has purchased 39 ha in Wrocław where it is to build Wrocław Campus 39, a massive industrial and logistics complex of almost 200,000 sqm. The project, which is to have direct access to the A4 motorway and the S8 expressway, is being constructed close to the buildings of Amazon and LG Chem Wrocław Energy. It will be the ideal location for e-commerce companies as well as firms in the electric vehicle sector. Work is to start in Q1 of this year.  

Nokia has decided to extend its lease agreements with Globalworth for the office space it occupies in the West Gate and West Link office buildings in Wrocław, Poland. The contract, which covers an area of nearly 30,000 sqm, is the largest lease agreement signed in a Polish regional city market this year.

European Logistics Investment BV (ELI) has acquired two warehouse facilities located in Wrocław. ELI, together with its partner Panattoni, plans to further develop the site in order to deliver City Logistics Wrocław North totalling 45,000 sqm of logistics space.

Wrocław Business Park has been acquired by Panattoni from Aviva Investors, the global asset management business of Aviva plc. The seller was represented by the Avison Young investment team throughout the transaction.

Hines has acquired a major logistics park in Wrocław on behalf of the Hines Pan-European Core Fund (HECF) from GLL Real Estate Partners (GLL), the fund manager which is part of the Macquarie Group. The 123,499 sqm logistics park is fully leased to a global online retailer. The mezzanine warehouse facility was developed in 2015 by Panattoni Europe. The transaction price has not been disclosed.

Funds managed by Partners Group are to acquire nine newly built, largely occupied office buildings from BUMA's portfolio and two assets under construction with a total leasable area of approximately 125,000 sqm for circa €200 million. The assets are located in Kraków and Wrocław. REINO Partners will partner with Partners Group to manage the portfolio.

According to the latest JLL report, in the first half of the year, companies leased over 60,000 sqm of space in Wrocław. Although this result significantly exceeded 2019’s results, tenants are more cautious in the second half of the year and have put their expansion plans on hold. However, an expected influx of investments from the service sector and, the dynamic development of R&D centres, IT centres and gaming industry brings with it the promise of a market rebound.