Stokado secures PLN 80 million financing to expand Polish self-storage portfolio

Stokado, the second-largest operator in Poland’s self-storage market, has secured PLN 80 million in debt financing from Bank Pekao S.A. The funding will partially refinance invested equity and support the company’s development projects in Kraków and Warsaw. Stokado is jointly owned by Redefine Properties (JSE: RDF), Griffin Capital Partners, and its founders.

Since its acquisition by Griffin Capital Partners and Redefine Properties in 2023, Stokado has expanded its operations through both acquisitions and new developments. Construction is already underway on two facilities in Kraków and one in Warsaw, with three additional projects scheduled to begin this year. The company has also built up a land bank for future developments.

“Developing our own facilities allows us to implement the standards and level of quality of which we are particularly proud,” said Pieter Prinsloo, CEO of Redefine Europe BV. “Our first development, launched in July 2024, will be the first self-storage building in Poland to receive BREEAM certification. Stokado’s goal is to become the market leader within the next five years, with a focus on Warsaw, Kraków, Wrocław, and the Tricity.”

Dieter Lobnig, Head of Investment Banking and Real Estate Financing at Bank Pekao S.A., highlighted the sector’s growth potential: “Our support reflects confidence in both Stokado’s strategy and in the self-storage segment, which continues to expand in response to customer needs. We are pleased to see the financing directed toward new projects in Kraków and Warsaw, in line with our strategy to back innovative and forward-looking investments.”

Stokado’s current projects emphasize sustainability and customer convenience. All facilities are designed to meet BREEAM standards and will offer 24/7 access, with fully contactless service and mobile app functionality.

“Capital providers are increasingly open to financing this asset class,” added Piotr Fijołek, Co-Managing Partner at Griffin Capital Partners. “Europe already has around 16.5 million sqm of self-storage space, while Poland has fewer than 200 facilities. This gap represents significant growth potential, and we are pleased to contribute to the sector’s development.”

Sonar Real Estate sells Cologne office building to Ashtrom Properties Germany

Sonar Real Estate has completed the sale of an office building in Cologne-Deutz to Ashtrom Properties Germany. The transaction was carried out on behalf of a pan-European property investment manager under an asset management mandate. The purchase price has not been disclosed.

The property, located at Siegburger Strasse 229c, was built in 2008 on a site of around 6,300 square metres. It offers approximately 8,500 square metres of rental space, of which 88 percent is offices and 12 percent warehouse space. The building is fully let to tenants including Omya GmbH, Grobecker engineering, and Vössing Ingenieure.

Advisors on the transaction included Clifford Chance and PwC for the seller, with K+L Gates acting for the buyer. Technical advice for Ashtrom Properties Germany was provided by ImoExperts Dr Kühne & Böker GbR, while Colliers served as the broker.

Garbe Industrial leases logistics space to shoe start-up Dieseo in Lensahn

Garbe Industrial has leased approximately 11,600 square metres of logistics space in Lensahn, East Holstein, to the Kiel-based e-commerce start-up Dieseo. The company, known for its shoe brand Pammys, will use the facility for storage and distribution as it expands its product range and customer base, which now exceeds 700,000.

The logistics centre, completed at the end of 2023, provides a total of 23,400 square metres divided into two units. Dieseo has taken one unit on a long-term lease, while the remaining space is still available. The property is located near the A1 motorway, with connections north to the Fehmarn Sound Bridge and south to Hamburg, Bremen, and the Ruhr area. Future infrastructure developments, including the planned Fehmarnbelt tunnel to Denmark, are expected to further strengthen the site’s appeal.

The facility is equipped with 20 dock levellers, six ground-level sectional doors, 44 parking spaces, and sustainability features such as a 2.9 MWp rooftop photovoltaic system and a heat pump-based heating system. The building has been certified to the German Sustainable Building Council’s Gold Standard.

ProOptimum leases space at MLP Czeladź logistics park

ProOptimum, a company active in logistics, warehousing, transportation, and visual identity design, has signed a lease agreement for more than 5,000 sqm of space at the MLP Czeladź logistics park. The deal was facilitated by advisory firm Rock Estate.

The lease will be delivered in phases. The first warehouse unit of just over 2,400 sqm is scheduled for handover in February 2026, with a second unit of similar size to follow a year later. An office area of 165 sqm is expected to be ready by mid-2026.

Located near major road connections, including the A4 motorway and the S1 and S86 expressways, MLP Czeladź is part of MLP Group’s development strategy to retain and manage logistics parks after completion. Once fully built, the site will include four Class A buildings providing more than 75,000 sqm of warehouse and production space on a 15.5-hectare site.

ProOptimum selected the location after reviewing multiple options, citing its accessibility and the ability to adapt the space to the company’s requirements. Rock Estate advised the tenant throughout the process.

Photovoltaics approved for unused industrial land in the Czech Republic

Beginning 1 January 2026, unused areas within industrial and logistics zones in the Czech Republic will be eligible for photovoltaic power installations under an amendment to the Building Act signed by the President this week. The change removes long-standing legal barriers that prevented the use of undeveloped plots in such zones for renewable energy projects.

If half of the identified potential is utilized, photovoltaic systems with a combined output of up to 1,000 megawatts could be installed—roughly equivalent to the capacity of one unit at the Temelín nuclear power plant. The measure is expected to contribute to the country’s decarbonization targets and aligns with EU policy on renewable energy acceleration zones, which encourage development within urbanized areas close to consumption points.

The amendment follows an initiative launched by Panattoni, supported by a study with Rota Group on agrovoltaics, which demonstrated that vegetation can be preserved under solar installations. Until now, one of the main barriers was uncertainty over whether photovoltaic panels should be counted as built-up area or green space, which created difficulties with zoning regulations. The new law clarifies that ground-mounted solar systems in industrial areas do not reduce the required share of greenery, provided vegetation is maintained beneath them.

Alongside open land, the law also explicitly allows the placement of photovoltaic systems on existing structures unless prohibited by local regulatory plans. These provisions bring Czech legislation into closer alignment with the EU’s RES Regulation and the RED III Directive, which highlight renewable energy as a matter of overriding public interest.

The changes are expected to strengthen the role of industrial zones in renewable energy production, enhance energy security, and reduce dependence on fossil fuels. They also form part of the largest push in recent years to unlock renewable capacity within already urbanized areas while preserving agricultural land.

Energy-efficient systems installed at Via Beroun school campus

The new Via Beroun campus, a private nursery and primary school scheduled to open in September, has been equipped with energy-efficient systems designed to reduce consumption and support sustainable operations.

As part of the Central Bohemian Region’s largest energy performance contracting (EPC) project, the campus incorporates 33 circulation pumps from Wilo’s Stratos MAXO and GIGA series. These units manage water circulation for both heating and cooling via ceiling mats and adjust output according to the building’s current needs. The system is expected to contribute to lower energy use and reduced emissions.

The facility also includes Wilo’s rainwater management system, which supplies irrigation for green areas on the grounds, reducing reliance on drinking water. The campus is one of 162 regional buildings covered by the EPC project, which aims to achieve up to CZK 470 million in energy cost savings over ten years without direct budgetary investment.

Alongside its technical infrastructure, the Via Beroun school will feature classrooms, a multifunctional hall, canteen, and outdoor spaces, with the overall design intended to serve as a reference for future educational developments in the Czech Republic.

Analysis highlights price disparities in Poland’s commercial property market

Commercial property prices in Poland show significant variation depending on location, according to a new study by Dwell Properties. The analysis, based on nearly 1,000 listings, indicates that location, visibility, permitted business activities, and property size are among the key factors shaping values.

The study found that ground-floor high-street premises in central Warsaw, particularly in the Śródmieście district, can reach as much as PLN 35,000 per square meter, while in Bydgoszcz prices begin at around PLN 6,000. Average prices in Warsaw and Gdańsk are between PLN 13,000 and PLN 16,000 per square meter, compared to Kraków and Wrocław at PLN 12,000 to PLN 14,000. Mid-sized cities such as Poznań, Katowice, Szczecin, and Łódź recorded lower averages of PLN 9,000 to PLN 12,000.

The report also examined the difference between completed properties and those under construction. In Warsaw, Gdańsk, and Kraków, units under construction are priced slightly higher than completed ones, suggesting that upcoming projects in central or prestigious areas carry a premium. Conversely, in Wrocław and Łódź, completed units are more expensive, indicating that new supply is more often being developed on the outskirts at lower prices.

Location within the city remains the primary driver of value. In Warsaw, premises in Śródmieście command median prices of PLN 35,000 per square meter, compared with PLN 13,000–15,000 in outer districts. Gdańsk’s central properties range from PLN 12,000 to PLN 36,000, while the most exposed retail streets in Warsaw and Kraków can reach above PLN 50,000.

Visibility also plays a role: premises on street corners with double-sided display windows achieved around 3% higher prices than standard units. Properties suitable for catering businesses, with ventilation and required permits, were valued on average 10–15% higher than other commercial premises.

Proximity to major transport routes was another factor, with units on main thoroughfares priced 5–10% higher per square meter than those on smaller residential streets. The analysis also showed a negative correlation between size and unit price: smaller premises of 30–50 sqm tend to be more expensive per square meter than larger units, which are harder to lease to single tenants.

Rental trends mirror sales prices. Prime city-center locations in Warsaw can command rents of PLN 100–150 per square meter monthly, compared to PLN 20–50 in suburban areas.

According to Dwell Properties, these findings highlight the importance of location, exposure, and permitted uses in determining commercial property values, while also underlining the disparities between Poland’s largest cities and regional markets.

Photo: Marcin Kubik, CEO – Dwell Properties

SamBaek construction deploys Atlas Copco X28 compressor for slope reinforcement in Gyeonggi Province

SamBaek Construction is using Atlas Copco’s X28 Stage V portable air compressor to support slope reinforcement and seismic retrofitting at a residential construction site in the Gosan 2 District of Gwangju, Gyeonggi Province. The project, which began in May 2025, involves building retaining walls to stabilize steep terrain ahead of new housing development.

The X28 model offers a pressure range of 16–30 bar (232–435 psi), making it suitable for applications such as earth anchors, nailing, rock bolts, micropiling, shotcrete, and groundwater development. According to the contractor, this versatility has allowed the company to carry out multiple phases of slope reinforcement with a single unit.

SamBaek Construction previously relied on rental compressors, typically with a capacity of 17–21 bar (247–305 psi) and a flow rate of 900 cfm (25.5 m³/min). These units often struggled with the granite-rich terrain in the area. The company purchased the X28 earlier this year after working with rented Atlas Copco equipment on earlier projects.

The unit is designed with noise-reduction features and a Stage V compliant engine, which make it suitable for use in urban and residential zones where environmental and regulatory requirements are strict. Fuel efficiency is supported by an ECO mode that reduces consumption during idle periods, which can account for several hours each working day.

Atlas Copco Korea’s Portable Air Division and Power Technique Service teams provided on-site training to SamBaek Construction staff, covering fuel-saving functions such as ECO mode and AirXpert. The company expects these features to help reduce overall operating costs while maintaining the pressure and flow required for slope reinforcement and seismic retrofitting.

CA Immo completes modernization of Saski Crescent, building fully leased

CA Immo has announced that its modernized Saski Crescent office building in central Warsaw is now fully leased following the signing of new agreements with three companies covering a total of 3,500 sqm. In total, 12 tenants from various industries now occupy the 16,000 sqm Class A property at 16 Królewska Street.

The retrofit of Saski Crescent was completed earlier this year, transforming the property into a contemporary, energy-efficient workspace designed to meet the highest technological and sustainability standards. The building has secured WELL pre-certification for user health and well-being, achieved WiredScore Platinum certification for digital connectivity, and is in the process of obtaining BREEAM certification.

During the renovation, at least half of the construction materials used were recycled. The property was also equipped with modern building management systems to reduce energy use, along with water-saving installations. Interiors were redesigned to provide a boutique character, with a new reception, lobby, and a ground-floor restaurant and café, BursztyNova, open to both tenants and the public.

“Our new Saski Crescent offers focused and flexible office environments, combining unique design with full functionality and openness to its surroundings,” said Dawid Wątorski, Senior Leasing Manager at CA Immo in Poland. “I am proud that this multi-dimensional modernization has become a benchmark for the property market and that the re-commercialization of Nowy Saski has attracted such strong tenant demand.”

Located in one of Warsaw’s most established business districts, the refurbished Saski Crescent is positioned to strengthen its role as a prime office destination in the capital.

Primark to open fourth store in Romania, in VIVO! Cluj-Napoca

Primark, the international fashion retailer, has today announced the opening date of its fourth store in Romania. It will be Primark’s first store in the North-West region of the country, located in VIVO! Shopping Centre, and has created over 130 jobs locally. Primark VIVO! Cluj-Napoca has 3,700 sqm and will open to customers at 10.00am on Tuesday 9th September.

Maciej Podwojski, Head of CEE, Primark said: “We’re delighted to be opening our first store in Cluj-Napoca, a vibrant and fast-growing city. Since arriving in Romania in December 2022, we have seen continued growth and we’re not stopping anytime soon with plans to have six locations across the country by the end of next year. Our team is putting the finishing touches on the store, and we can’t wait to open our doors and welcome customers very soon.”

Fulga Dinu, Country Manager CPI Romania, stated: “Primark’s opening at VIVO! Cluj-Napoca is a key addition that strengthens our goal of making shopping more dynamic and international. As one of the most anticipated brands, Primark brings fresh energy and variety to our mix of retailers, enhancing customer experience. This is an important step in our vision of creating vibrant shopping destinations, and we’re thrilled to see it happen here.”

The new opening is part of Primark’s ambitious growth plans in Central and Eastern Europe (CEE), where the brand already has 16 stores across the region in Poland, Czech Republic, Romania, Hungary, Slovenia and Slovakia.

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