Golden Star Group strengthens leadership with two senior promotions in Poland

Golden Star Group, an international real estate investment company, has promoted Paweł Moczybroda to the position of Group Chief Financial Officer and Ewa Dragunajtys to Head of Asset Management.

Paweł Moczybroda joined the company in 2023 and previously served as Financial Controller and Deputy CFO. In his new role, he will oversee the financial operations of Golden Star Group in Poland, the Netherlands, and Germany. His responsibilities include arranging project financing, budgeting, tax oversight, and supporting the organizational structure of the group. Before joining Golden Star, Moczybroda spent eight years at PwC, primarily working on audit projects for clients in the real estate sector.

Ewa Dragunajtys has been with Golden Star Group since 2017, most recently serving as Associate Director. As Head of Asset Management, she will manage a commercial real estate portfolio exceeding 125,000 square meters. Her role includes responsibility for leasing, transaction processes, strategic planning, and the coordination of the Asset, Leasing, and Property Management teams. Dragunajtys has over 13 years of experience in the real estate industry, with previous roles at The Tides Property Group, Atal, and Nuvalu.

The promotions reflect internal succession within the company as it continues to manage and expand its real estate operations across Europe.

Flexible office market continues to expand in Poland

The flexible office sector in Poland is experiencing steady growth, with more than 420,000 square meters of flex space currently available across the country’s seven largest cities. This accounts for just over 3 percent of Poland’s total office stock, with Warsaw and Cracow showing slightly higher market shares at around 4 percent. The growing interest in flexible offices is largely attributed to high office fit-out costs and evolving workplace models, prompting further expansion of this segment in the coming years.

Poland’s flex office market is undergoing a shift toward more diverse and sophisticated leasing formats. Subscription-based models and satellite office solutions—offices located near employees’ homes—are gaining traction. Flexible spaces are also increasingly incorporated into traditional office buildings to better utilize available space and increase appeal.

Tenants are now viewing flexible offices as a viable long-term alternative to conventional setups. Some businesses have opted to fully transition to flex spaces, driven by the need for cost control, scalability, and faster operational readiness.

Warsaw remains the largest flex market in the country, with about 235,000 square meters of space. Cracow follows with nearly 70,000 square meters, and additional growth is seen in cities like Wroclaw, the Tri-City, Poznan, Lodz, and Katowice. In total, regional cities outside of Warsaw offer nearly 190,000 square meters of flexible space, equal to around 23,000 workstations.

In 2024, flex office leasing activity in Warsaw grew by roughly 70 percent compared to the previous year. Further expansion is anticipated, particularly through new developments in major regional hubs. Central locations with strong public transport links, such as metro access, are seeing the highest demand. Most tenants seek private office spaces for teams of 3 to 15 people, with growing interest also observed in larger units used by project-based teams or foreign companies entering the Polish market.

The sector is dominated by tenants from IT, e-commerce, marketing, consulting, finance, and the startup ecosystem. In regional cities, demand is led by tech firms and companies in the SSC/BPO sector. Flex office operators are maintaining relatively low vacancy rates—generally around 8 to 10 percent—and are often able to commercialize new space more quickly than traditional landlords.

New local operators continue to enter the market, including The Shire, BeIN Offices, and Puzzle Office. Developers are also launching their own flex brands to complement their office portfolios. Global players such as Regus, WeWork, and Mindspace are active in Poland, alongside local brands like Chilliflex, Loftmill, OmniOffice, Business Link, and CitySpace.

Flexible office offerings now include co-working desks, serviced offices, project-specific offices, and virtual office services. Premium providers such as Brain Embassy, The Nest, and Mindspace offer high-end spaces that include wellness areas, cafés, and concierge services.

Monthly rental rates for flex space vary based on location and quality. In Warsaw’s city center, prices for a desk typically range from EUR 300 to 475, while regional cities see rates between EUR 200 and 375. Prices generally cover rent, utilities, internet, and access to shared amenities. Contracts tend to be short-term, with tenants expecting flexibility, transparency, and streamlined services.

Walter Herz supports both companies seeking flexible workspaces and operators looking to lease space from building owners. The firm has recently worked on projects such as The Shire in Cracow and BeIN Offices in Poznan, with additional projects underway in Wroclaw, the Tri-City, and Cracow.

Empik reopens in expanded format at Galeria Przymorze

The Empik store in Galeria Przymorze has reopened in an expanded format, increasing its size by 100 sqm to a total of over 360 sqm. The new space allows for a broader selection of books, games, music, stationery, toys, and creative supplies.

The updated store layout includes both traditional and self-service checkouts, an interactive store map, and assistance from staff for locating items. A reservation option is also available, allowing customers to collect selected products within two hours.

The expanded Empik is located on level 0 of Galeria Przymorze, next to the Deichmann store.

Hanon Systems’ Kladno facility earns top sustainability rating

The Panattoni Park Kladno South industrial zone has been awarded the highest rating of “Outstanding” under the BREEAM New Construction international sustainability certification. The project, developed jointly by Panattoni and Accolade, includes a new production hall and the renovation of an existing industrial building, totaling over 36,000 square meters.

The facility is leased by Hanon Systems Thermal Technology, a manufacturer of automotive cooling systems. The company expanded its operations with the addition of a nearly 21,000 square meter production hall, while the existing 15,500 square meter hall underwent a significant renovation. Both construction phases were completed without interrupting ongoing operations.

The project incorporated a range of sustainability-focused measures from early planning through to execution. These included the use of low-carbon materials, a waste management strategy that diverted more than 85% of construction waste from landfills, and energy-efficient building systems. A helicopter was used to deliver some construction components to reduce road traffic impact.

Energy performance improvements include a 2,225 kWp photovoltaic installation that now fully powers the facility’s electricity needs. Combined with heat pumps and gas heating, this has resulted in a 54.66% reduction in annual CO₂ emissions, equivalent to more than 3,000 tons. A rainwater harvesting system has also reduced drinking water use for flushing by over 66%.

The BREEAM Outstanding rating is achieved by only a small percentage of buildings pursuing certification. According to Accolade, this is the ninth project in its portfolio to reach this level.

The site’s location in the Kladno region offers strong infrastructure links and access to a skilled workforce. It is close to the D5, D6, and D7 motorways and near Václav Havel International Airport. The upcoming modernization of the rail connection between Prague, the airport, and Kladno is expected to further enhance the area’s connectivity.

cargo-partner extends and expands lease at MLP Pruszków II

Logistics company cargo-partner has extended its lease at the MLP Pruszków II logistics park and increased its occupied space to approximately 14,400 sqm. The lease renewal covers around 12,800 sqm of existing space, with an additional 1,600 sqm added. The transaction was brokered by Renthis Estate.

The collaboration between cargo-partner and MLP Group dates back to 2006, making the logistics provider one of MLP’s longest-standing tenants. The company originally operated from the MLP Pruszków I park before relocating to MLP Pruszków II in 2017. Since then, it has gradually increased its presence at the site.

cargo-partner provides a range of logistics services including air, sea, and land transport, as well as warehousing. The company also specializes in IT-supported supply chain solutions.

MLP Group’s logistics park near Warsaw is one of the largest in the region, with a planned leasable area of 427,000 sqm. The site features infrastructure to support sustainability efforts, including photovoltaic panels and buildings certified under the BREEAM system. It is located in Brwinów, close to key transport routes such as the A2 motorway and international rail lines, and offers public transport links and bike-sharing facilities.

The lease extension aligns with MLP Group’s long-term asset retention strategy, under which the company develops and manages its logistics properties.

neoshare Real Estate renamed PTXRE to reflect independent growth strategy

neoshare Real Estate has been rebranded as PTXRE, effective 1 August 2025. The name—short for “People · Tech · X · Real Estate”—marks the firm’s move toward a more independent market identity. The decision was made jointly by the management and supervisory boards, along with shareholders of the neoshare Group. PTXRE will continue as a wholly owned subsidiary of neoshare AG.

The new brand separates the real estate advisory business from neoshare AG’s technology-focused operations. PTXRE is led by managing directors Piotr Bienkowski, Sascha Baran, Peter Bigelmaier, and José Martínez. The company will retain exclusive access to neoshare AG’s real estate consulting technology, supporting its services in transactions, valuations, and finance.

PTXRE currently operates from offices in Frankfurt am Main, Düsseldorf, Munich, Augsburg, Mannheim, and Nuremberg, with further expansion planned. New locations are expected in Berlin, Hamburg, Cologne, and Stuttgart. The company aims to build interdisciplinary teams in each city, covering its core business areas.

Since its launch in early 2025, PTXRE has acquired mandates in the residential, logistics, and office sectors, representing transaction volumes of approximately €1 billion. Financing advisory mandates total over €1 billion as well. The company plans to grow selectively, using a localised approach while maintaining internal collaboration across its network.

PTXRE includes neoshare Valuation GmbH as a separate entity for valuation services. The structure ensures compliance with regulatory requirements by maintaining operational independence between valuation and advisory functions.

PTXRE will continue to use the “neoshare” SaaS platform developed by its parent company but will operate as an independent consultancy focused on the German market.

HIH forms strategic partnerships to expand EV charging infrastructure

HIH Group, through its subsidiary eternigy, has entered into strategic partnerships with Service4Charger and HEIMLADEN to expand electric vehicle charging infrastructure across its portfolio. The initiative aims to electrify up to 25,000 parking spaces at HIH-managed properties by 2030.

Service4Charger and HEIMLADEN will serve as preferred partners for the planning, construction, and operation of the new charging infrastructure. eternigy will coordinate the process, serving as a consulting interface between property owners and the two companies.

As part of the agreement, Service4Charger has acquired ten already-electrified properties in the HIH portfolio, which include 197 parking spaces and 87 operational charging points. The partners are currently evaluating 26 additional sites, comprising 3,600 parking spaces, for potential expansion.

Lukas Thiede, Head of eMobility at HIH Real Estate, stated that the move aligns with ESG strategies increasingly demanded by investors, regulators, and tenants. Upcoming legislative requirements, such as Germany’s Building Electromobility Infrastructure Act (GEIG) and the EU’s revised Energy Performance of Buildings Directive (EPBD), will further require non-residential properties to be equipped with charging infrastructure by 2027.

Service4Charger CEO Lucas Althammer noted that the company is investing directly in infrastructure and assuming operational responsibility. HEIMLADEN’s managing director Max Wojtynia added that the first joint projects will be implemented by the end of this year.

In addition to construction, the services offered by Service4Charger and HEIMLADEN will include grid connection, coordination with utility companies, commissioning, billing, contract management, maintenance, and the supply of green electricity.

Obermeyer Helika appointed general designer for Prospect project in Zlín

The Brno and Bratislava offices of construction consultancy Obermeyer Helika have been selected as general designers for the new Prospect development in Zlín. The multifunctional project, led by PSG investment group, is set to reshape the city’s Náměstí Práce area and introduce a 16-storey tower that draws architectural inspiration from the region’s functionalist heritage.

The development will include office space, rental apartments (1+kk and 2+kk), a three-star business hotel, and a public observation deck. The architectural design was prepared by CITY WORK ARCHITECTS under the leadership of architect Juraj Sonlajtner.

Adriána Kokoška, Sales Director at Obermeyer Helika Slovakia, noted that the firm’s experience with digital design and BIM technology contributed to solutions that align with the architectural style of the Baťa era while meeting modern sustainability criteria. The project is being designed to qualify for LEED Platinum certification.

The Prospect development is replacing a former bank building, and its design draws on the principles of Vladimír Karfík and František Lýdia Gahura, both of whom played key roles in shaping Zlín’s urban identity. A tower with a double-skin façade is planned to provide panoramic views of the city.

Ondrej Balážik, a designer from Obermeyer Helika’s Brno office, emphasized the firm’s commitment to combining respect for the city’s architectural legacy with energy-efficient construction methods. The project will incorporate full 3D modelling and BIM management throughout the design and construction process.

In addition to new office space, the development aims to address local housing needs by providing rental accommodation suitable for students from the nearby Tomáš Baťa University. A parking garage will be constructed in the basement for hotel and building users.

Demolition of the current structure is scheduled for summer 2025, with construction expected to begin by the end of the year. PSG Construction, based in Otrokovice, will serve as the general contractor.

Rental housing sector expands in Prague amid growing demand

The institutional rental housing market in Prague is continuing to expand, driven by demand for professionally managed apartments and interest from long-term investors, according to Savills’ latest report on the city’s built-to-rent (BTR) sector.

As of June 2025, there were 4,598 modern rental units across 81 projects in Prague, with the highest concentrations in Prague 9 and Prague 5. Most buildings are fully occupied, with waiting lists in place at some locations. The sector is primarily led by firms such as AFI Europe, Zeitgeist Asset Management, and the Archdiocese of Prague.

Marek Pohl, Head of Valuation at Savills, notes that rental housing is viewed as a stable, long-term asset with flexible exit options, including the possibility of selling individual units. He also highlights its role in improving access to housing for those unable to afford ownership in central urban areas.

After a high of 894 units completed in 2023, the pace of delivery has slowed. In 2024, 782 units were added to the market, and 448 more were completed in the first half of 2025. A further slowdown is anticipated, although development activity remains above pre-2021 levels.

The market continues to be dominated by smaller-scale projects. Around 70% of developments include fewer than 50 units, and only 14 buildings offer more than 100. Studios and one-bedroom apartments make up nearly 80% of available rental housing. Two-bedroom units account for 18%, while three-bedroom apartments remain scarce at 4%.

Rental prices for smaller units have remained steady, with monthly rents averaging CZK 19,900 for studios and CZK 27,400 for one-bedroom units. In contrast, larger apartments have seen increases of up to 15% year-on-year, with average rents for two-bedroom units at CZK 43,000 and three-bedrooms reaching CZK 68,000.

Looking ahead, over 1,100 new units are expected to be delivered in 2026. There are currently 1,902 units under construction, with another 3,400 expected to break ground over the next two years. Despite near-term fluctuations, the sector continues to gain traction and is playing an increasingly important role in Prague’s residential landscape.

StudentSpace secures financing for Kraków student housing projects

StudentSpace, a student housing platform, has secured PLN 177.8 million in financing from Bank Pekao S.A. to support the development of three student dormitories in Kraków. The funding will enable the construction of over 1,200 student beds across two locations, with the facilities expected to be ready by the upcoming academic year.

The three buildings—one located on 29 Listopada Alley and two on Wita Stwosza Street—are designed to address the increasing demand for modern student accommodation in Kraków, a city with a growing population of domestic and international students. The dormitories will offer residential units alongside communal areas and access to nearby academic institutions.

Since launching in March 2024, StudentSpace has focused on acquiring land and developing student housing projects. It is backed by a joint venture involving Signal Capital Partners, Griffin Capital Partners, and Echo Investment. The company’s current pipeline includes six projects with a combined capacity of more than 2,800 beds—three in Kraków and three in Warsaw.

Griffin Capital Partners serves as the investment and asset manager of the platform. The transaction was led by Artem Kovtun, Vice President Finance at Griffin Capital Partners, and Oskar Miller, Finance Manager at StudentSpace.

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