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Knight Frank to commercialize ATAL's office property

ATAL SA – a Polish developer – selected Knight Frank as its exclusive agent to commercialize the Krakowska 35 office property in Wroclaw. The consultancy will also manage the property. The edifice with a total area of ca. 14,000 sqm will be handed over for use in Q1 2021.

Savills: Europe's senior living sector sees record levels of investment

A record high volume was achieved largely due to two significant transactions in the UK, namely the forward purchase by Riverstone Living of the Royal Warwick Square project in London and the development of four retirement villages by Audley group, who teamed up with Octopus Investments and Schroder Exempt PUT. Outside of the UK, Savills suggests that the senior living sector is still in its infancy across mainland  Europe and the market remains opaque...

Echo Investment spreads its wings with the new main shareholder

Hungary's leading real estate company Wing has signed a preliminary agreement to acquire majority interest in Echo Investment, a Polish developer listed on the Warsaw Stock Exchange. Wing is a long-term regional strategic investor and sees great potential in Echo Investment. The new investor intends to continue growing the business consistent with the Strategy of Profitable Growth established by Echo Investment in 2016. This strategy has been executed...

Katowice's “tiramisu” complex as a symbol of transformations in Katowice

Skanska office unit in Poland summed up the construction of the Silesia Business Park complex in Katowice. The construction of the first of the four buildings began in 2013. Now, on the site of the former Baildon steelworks, there are 4 buildings, which symbolise the transformation of Katowice into an important centre of services for business, consulting and IT in Poland. Silesia Business Park has been chosen by, among others, PwC, Capgemini, TUV Rheinland and...

Globalworth registers record leasing activity in H1 2019

Globalworth, the leading office investor in Central and Eastern Europe, has reported its results for the first half of 2019. The Group negotiated the take-up or extension of more than 100,000 sqm of commercial space, predominantly split between its two target markets of Romania and Poland, making this Globalworth's most active half year of leasing activity to date.

Morski Park Handlowy signed up another tenant

Morski Park Handlowy signed up another tenant. Zoo Karina, a pet shop, has leased nearly 625 sq m of retail space at the complex. Real estate advisory firm Savills acts as a property manager and an exclusive leasing agent on the park.

REGIONAL CITIES ARE BURGEONING - interview with Piotr Skuza, an Associate and a Regional Manager of the office agency at real estate advisory firm Savills

Regional cities are burgeoning and seeing record-high office supply levels. What was the situation on Poland’s regional markets like in 2018? Piotr Skuza, a regional manager, Savills office agency: 2018 was a record-breaking year in terms of new office supply in regional cities. In 2018, the overall office supply in Poland’s eight business regions, excluding Warsaw, climbed to more than 512,000 sq m and there was another 940,000 sq m under construction at the end...

Lodz has a new steersman

The first quarter of 2019 brought personnel changes in the Economic Development and International Cooperation Office in the City of Lodz Office. Adam Pustelnik, the former Office Director, has decided to continue his career in the private sector — namely in the real estate sector, where he will continue to undertake a number of actions aimed at promoting the investment attractiveness of Lodz. However, Adam Pustelnik has not said his last word in the office...

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