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REGESTA S.A., a rapidly growing logistics services provider, will lease 21,700 sqm of warehouse space in Panattoni Park Zgierz. Its central warehouse will support its four existing warehouses across Poland, with another two under construction. The tenant was advised on the transaction by real estate advisory firm Newmark Polska. With a history spanning nearly 30 years and approximately 700 employees, Regesta S.A. is a leading provider of logistics, transport and forwarding services. It...
Concentrix, a global provider of customer experience solutions and technologies, will lease nearly 5,200 sqm of space in Cavatina’s Global Office Park office building in Katowice, Poland. The deal is the largest transaction in the Katowice market in 2023. Concentrix was supported by JLL during the lease transaction process. Concentrix is a global provider of customer experience (CX) solutions and technologies. Concentrix currently employs more than 1,500 people in Lublin and Szczecin. ...
Real estate advisory firm Savills presents a preliminary summary of 2023 and predicts key trends going forward. The commercial property market in Poland is expected to see a rebound in investor, developer and tenant activity soon against the backdrop of continued global uncertainty and the climate crisis. According to Savills, geopolitical and economic factors and financial market instability still have a significant impact on the real estate landscape and are expected to continue to s...
This year’s MAPIC showcased the latest urban regeneration projects transforming cities globally, covering London, Lisbon, Paris, Berlin, Madrid, Milan, and more. While European projects maintained a strong presence, international projects from Saudi Arabia, Kuwait, India, Iraq, and Kyrgyzstan also participated as key attendees. This year’s focus on a more sustainable future was evident with the inaugural edition of the Sustainability Lab—a dedicated exhibition area including sustainabl...
The warehouse market in Greater Poland is driven by logistics companies. Despite the outbreak of the war in Ukraine, Poznań, which is located 260 km from Berlin, remains a convenient transit hub for goods moving between the West and East, say Natalia Mika and Patryk Podgórski, Advisors from the Industrial and Warehouse Department at Newmark Polska. Poznań is one of the fastest-growing warehouse markets in Poland. At the end of Q3 of this year, Greater Poland’s total warehouse and indus...
The Polish industrial and logistics market is in a transitional phase between economic shifts. Take-up for warehouse space declined primarily in the first half of 2023, with a resurgence in Q3, resulting in aggregate take-up for the first three quarters of this year of 3.75 million sqm (-25 percent y/y, Q1-Q3 2022). Higher investment financing costs are affecting the volume of space under construction, with developers developing 2.5 million sqm (-36 percent y/y) at the end of September...
The South Korean LG and the Canadian Magna (Canada) bring their joint factory to Infogroup’s IGPark Miskolc. The development is being developed in built-to-suit cooperation. The building includes 9,000 sqm of production and logistics halls and 2,500 sqm of office and social areas. The development is expected to be completed in December 2024. This is the second development Infogroup brought into IGPark Miskolc: the company handed over a 19,000 sqm building earlier this year, that was de...
The Czech industrial real estate market will experience a major boom in construction activity in 2023. Although there is currently more than 1.5 million sqm of space under construction, there are few newly completed projects and the vacancy rate remains below 2 percent. The total supply of modern industrial space in the Czech Republic increased by only 182,200 sqm during Q3 2023, bringing the total to 11.44 million sqm at the end of September. Rents have stabilised after rocketing over...
The success story of Flexion Mobile Plc’s Hungarian Branch has been unfolding since its founding on December 1, 2015. The company’s growth has now reached another milestone: they have chosen traditional long-term office leasing over their previous serviced office rental and are moving to ZenGarden. Flexion’s transition serves as a compelling example of how companies, as they grow stronger, come to realize the importance of having a unique, secure, and harmonious office space. The conce...
The LUX MED Group, a leader in private healthcare in Poland, extended the lease agreement in the O3 Business Campus in Krakow managed by EPP. The total space covered by the contract is almost 2,200 sqm in buildings A and C, where the dental department and medical clinic are located, respectively. “O3 Business Campus is a simple choice for tenants who, like us, strive to reduce their environmental impact. We consistently pursue decarbonization goals that are included in EPP’s business s...
