Szczecin conquers the Q3 industrial and warehouse market 

NEIF II Fund (Next Estate Income Fund II), acquires the German headquarter of Fiat Chrysler Automobiles in Frankfurt – from the German developer “Lang & Cie”. This new transaction brings the Fund size close to €750 million.

Within the last few weeks the reception of Diamante Plaza has gained new and comfortable furniture. The changes in the arrangement of the reception have been prepared with the help of one of the tenants of the building - Bo Concept who delivered the furniture designed by Karim Rashid.

In Q3 the modern retail market in Poland grew by nearly 140,000 sqm of GLA. This is a significant increase as compared to the first half of the year when only a mere 26,000 sqm of GLA within 5 schemes were completed. Notably, the first IKEA store was delivered in Lublin with the residents of Poland’s eastern regions in mind. Furthermore, the authors of the report draw our attention to the bustling end of the year which is set to bring more than 200,000 of GLA sqm in new retail projects.

The total value of transactions on the domestic investment market at the end of 2017, taking into account the acquisitions completed in the first nine months and the estimated value of transactions in progress, may be about 15% higher from the record EUR 4.5 billion last year. The EUR 2.3 billion generated during the first three quarters of 2017 was lower than the value of the transactions completed in the corresponding period of the previous year, however the authors of the report believe this was caused e.g. by new regulations concerning the tax classification of agreements that prolong the decision-making process and the time needed to prepare and complete a transaction.

In Q3 this year, the stock of modern office space in the capital has increased by more than 76,000 sqm and thus exceeded the 5.3 million sqm threshold. By the end of the year, another 80,000 sqm may appear on the largest office market in the country, which would mean a total of 5.4 million sqm. The key market development trends, according to the report by BNP Paribas Real Estate Poland, are the consistently improving position of the Wola district on the local office market and the growing popularity of co-working projects located in the best schemes.

The Property Management department at BNP Paribas Real Estate Poland ran the rebranding process for the shopping centres that have recently changed hands from Ikea Centres Polska to the Pradera fund. The new name and corporate design can now be seen in Polish and German locations.

Gemius SA, a leading online research organization that for nearly 20 years has been measuring Internet users’ behaviour, leased more than 1 800 sqm GLA in the modern D48 office building. During the lease transaction Gemius S.A. was represented by consultants from BNP Paribas Real Estate Poland.

At the beginning of this month the owner of Kupiec Poznański has signed an agreement to modernise the office part of the building. The scope of works includes a creation of reception area dedicated to office space that will be independent from the shopping centre part. Moreover new modern lifts will be introduced and common areas on the office floors will be rearranged according to design project provided by Kostka&Kurka architectural studio. The concept and scope of changes have been prepared basing on experience and knowledge of BNP Paribas Real Estate Poland who is the exclusive leasing agent of the building and its property manager. The works are scheduled to finish in February 2018.

Larry Young, 41 years old, has been appointed head of BNP Paribas Real Estate’s “International Investment Group”, reporting directly to Thierry Laroue-Pont, Chief Executive Officer of BNP Paribas Real Estate. He takes over from Etienne Prongué, Deputy CEO of BNP Paribas Real Estate UK since September 1, 2017.