Warsaw Office Market Shows Growing Divide Between Central and Peripheral Locations

The Warsaw office market continued to show increasing divergence between central and non-central locations during the first quarter of 2026, according to new research from  AXI IMMO. The report suggests that different parts of the city are now operating under distinct market conditions, shaped by contrasting levels of supply, demand, vacancy and development activity.

Average office vacancy across Warsaw stood at 9.5 percent at the end of Q1 2026, although the overall figure concealed significant differences between districts. Vacancy rates in central locations were recorded at 6.5 percent, compared with 12.2 percent in non-central zones.

According to Emilia Trofimiuk, Research Manager at AXI IMMO’s Research and Analysis Department, the highest levels of vacant office space were concentrated in Służewiec, where availability reached 18.7 percent, followed by the Żwirki i Wigury corridor at 15.4 percent and the Al. Jerozolimskie corridor at 12 percent.

In central Warsaw, limited availability of modern office space, particularly larger contiguous floorplates, is contributing to stronger competition among occupiers and increasing rental pressure in prime schemes. Outside the city centre, landlords are facing a more competitive leasing environment driven increasingly by pricing and flexible lease structures.

The imbalance between central and peripheral locations is also reflected in current development activity. Approximately 120,000 sqm of office space was under construction in Warsaw at the end of the first quarter, with more than 110,000 sqm concentrated in central districts. Only around 4,000 sqm was being developed in non-central locations. Overall development activity declined by 46 percent year-on-year.

AXI IMMO noted that developers are continuing to prioritise projects in central locations perceived to offer stronger long-term demand and greater prestige. Among the largest office projects currently under construction are Towarowa 22, including the AFI Tower development by AFI Europe in Wola, Skyliner II by Karimpol near Rondo Daszyńskiego, and Upper One developed by Strabag Real Estate along Al. Jana Pawła II.

Outside the city centre, development activity remains limited and is focused mainly on smaller-scale projects and the repositioning of older office buildings. Areas such as Służewiec and the Al. Jerozolimskie corridor continue to see refurbishment and modernisation efforts aimed at improving competitiveness in a more price-sensitive market.

The report concludes that Warsaw’s office sector is increasingly functioning as a “two-speed” market. Prime central locations continue to attract capital and tenant demand for high-quality office space, while non-central districts face higher vacancy levels and stronger competition based on financial incentives and leasing flexibility.

According to AXI IMMO, the widening gap between these market segments is forcing both landlords and occupiers to adopt more location-specific strategies, with differences between districts increasingly shaping the operating conditions of the wider Warsaw office market.

CEVA Logistics Highlights CSR Progress in 2025 Report

CEVA Logistics has published its 2025 Corporate Social Responsibility (CSR) Report, outlining progress across environmental, social and governance initiatives, as well as targets linked to more sustainable logistics operations.

The company stated that its CSR strategy is structured around three pillars aligned with the United Nations Sustainable Development Goals: “Acting for People”, “Acting for Planet” and “Acting for Partners”.

According to Mathieu Friedberg, the company continues to focus on developing supply chain solutions while maintaining responsibility in the way it operates globally. CEVA is part of the  CMA CGM Group.

Among the main developments highlighted in the report, CEVA received an EcoVadis Gold Medal with a score of 81 out of 100, placing the company among the top 1 percent of logistics companies assessed by the sustainability ratings provider. The score represented a five-point increase compared with 2024.

The company also reported progress in employee engagement and compliance initiatives. In 2025, 94 percent of employees completed the “One CEVA Code” training programme, which focuses on ethics, integrity and human rights standards in daily operations.

CEVA stated that it joined the Science Based Targets initiative (SBTi) in March 2025 and plans to present formal emissions reduction targets in 2026.

On the environmental side, the report noted that low-carbon energy accounted for 85 percent of CEVA’s electricity consumption in 2025. The use of LED lighting across operations increased from 63 percent in 2021 to 93 percent in 2025, while the company expanded its fleet of alternatively fuelled vehicles by 38 percent.

The company added that the use of more than 11 million litres of sustainable aviation and marine fuels contributed to a reduction of approximately 70,000 tonnes of CO₂e emissions.

CEVA also continued the development of its CEVA FORPLANET programme, which includes logistics solutions aimed at supporting customers with emissions measurement and reporting, circular economy projects and lower-emission transport options, including sustainable aviation fuel (SAF), sustainable marine fuel (SMF) and multimodal transport solutions.

In workforce development and inclusion, CEVA said it employed approximately 6,200 people from groups considered at risk of social exclusion and prepared inclusion action plans across its 15 largest markets. Women currently represent 37 percent of the company’s workforce and 32 percent of management positions. In France, CEVA received a score of 84 out of 100 in the national Equality Index.

The report also referenced the company’s internal “Engage4Good” competition, which encourages employees to propose projects aimed at reducing environmental impact and delivering social benefits.

Offshore Wind Expansion Gains Momentum in Poland

Offshore wind energy is expected to become an increasingly important part of Poland’s power generation mix, with new projects in the Baltic Sea supported by larger turbine technologies, industrial investment and expanding domestic supply chains.

According to the Polish Wind Energy Association, modern offshore wind farms operating in Polish waters are expected to achieve capacity factors of between 40 and 50 percent, depending on wind conditions and project location. This compares with around 35 to 40 percent for modern onshore wind installations in Poland and approximately 10 to 15 percent for photovoltaic systems.

One of the first large-scale projects under development is Baltic Power, a 1.2 GW offshore wind farm that will use 15 MW V236 turbines supplied by Vestas. The turbines are among the largest currently available on the market and are intended to support higher generation efficiency and long-term operational performance.

The offshore wind sector is also contributing to industrial development in Poland. In Gdańsk, the Baltic Towers facility has started operations and is expected to produce up to 150 turbine towers annually for 15 MW-class turbines. The plant is projected to employ around 500 workers. Meanwhile, Windar Renovables is developing a manufacturing facility in Szczecin that is expected to create approximately 450 jobs.

Industry representatives say offshore wind development offers Poland an opportunity to establish a long-term industrial base linked to the energy transition, rather than relying solely on imported technologies. The sector is also viewed as a means of improving energy security by reducing exposure to fuel price volatility and geopolitical risks associated with conventional energy sources.

At the same time, the industry has faced increasing public debate around the environmental and economic impact of offshore wind farms. In response, the Polish Wind Energy Association and the ORLEN Foundation have launched educational initiatives aimed at addressing misinformation surrounding the sector. These activities include the “Sea of Wind” campaign and the launch of the informational platform morzewiatru.pl, which provides data and research related to offshore wind development.

The first phase of offshore wind investment in Poland is estimated to exceed PLN 130 billion, according to industry forecasts, while total investment in the sector could reach PLN 500 billion by 2040.

PORR Acquires Majority Stake in Interior Fit-Out Specialist rhtb:

PORR has acquired a 51 percent stake in Vienna-based drywall and interior fit-out specialist rhtb:, expanding its capabilities in interior construction and prefabricated building solutions.

Headquartered in Vienna, with additional offices in Bad Vöslau and Berlin, rhtb: provides drywall systems, integrated heating and cooling ceilings, raised access floors and partition wall solutions.

According to PORR, the acquisition strengthens its position in interior construction, particularly in areas linked to energy-efficient buildings and prefabricated construction methods. The company said rhtb’s expertise in heating and cooling ceiling systems and raised floors would support both new developments and renovation projects.

PORR also plans to integrate rhtb’s products and systems into its residential concept under the PORR Living brand, which focuses on prefabricated and cost-efficient housing solutions. The company stated that its current residential projects target construction costs below EUR 2,000 per sqm. A pilot development comprising 50 apartments in Lower Austria is already under construction.

The companies have previously collaborated on several projects, including renovation works at PORR’s headquarters in Vienna and other office fit-outs. rhtb’s portfolio also includes projects at the Austria Center Vienna and the Vienna University of Economics and Business.

rhtb: was founded 27 years ago by entrepreneur Rainer Haubenwaller, who will remain involved as shareholder and co-owner following the transaction. The company’s workforce of around 100 employees will also remain in place.

PORR said the acquisition forms part of its broader strategy to expand specialised construction services and increase the use of prefabricated building methods across residential and industrial projects.

Union Investment Sells Florida Retail Asset from UniImmo: Europa Portfolio

Union Investment has sold the Fountains of Boynton shopping centre in Boynton Beach as part of its strategy to reduce the U.S. exposure within the UniImmo: Europa portfolio.

The parties did not disclose the transaction price, although Union Investment confirmed that the sale exceeded the property’s latest book value.

Located in northern Palm Beach County, approximately 30 miles south of West Palm Beach International Airport, the retail property has been part of the UniImmo: Europa portfolio since 2021.

According to Union Investment, the transaction reflects continued investor demand for retail assets in the U.S. market, particularly for well-performing suburban shopping centres with stable occupancy and diversified tenant mixes.

Completed in 1994, the shopping centre comprises five buildings with approximately 175,500 square feet of leasable area. The property underwent a major refurbishment in 2017 and is currently close to full occupancy. Tenants include a grocery anchor, a national fitness operator, restaurants and service-oriented businesses across sectors including healthcare, beauty and pet care.

The disposal is intended to strengthen the liquidity position of the UniImmo: Europa fund while lowering its allocation to U.S. real estate assets.

CBRE advised Union Investment on the transaction through its National Retail Partners team in Florida.

Panattoni to Develop 26,000 sqm Distribution Facility for Bidfood in Łódź

Panattoni is to develop a new warehouse facility for  Bidfood Poland in Łódź as part of a build-to-own (BTO) investment that will serve as the company’s central distribution warehouse in Poland.

The planned facility will comprise approximately 26,000 sqm and is intended to strengthen Bidfood’s logistics infrastructure and support the further optimisation of its supply chain operations for the HoReCa sector.

Bidfood distributes food products and services to more than 17,000 catering establishments, restaurant chains, restaurants and hotels across Poland. Its portfolio includes around 7,000 products ranging from meat, seafood and dairy products to beverages, packaging and household chemicals. The company currently operates a logistics network of 26 warehouse locations nationwide.

According to Katarzyna Kujawiak, the project has been developed in close cooperation with the client from the concept stage in order to meet the operational and technical requirements associated with food logistics.

The warehouse will include refrigerated and frozen storage areas designed for food distribution operations. Planned sustainability and energy-efficiency measures include photovoltaic installations and heat recovery systems. The facility is also intended to support the optimisation of logistics processes and operational performance.

Sławomir Żegleń said the new distribution centre in Łódź will become a key part of the company’s logistics network in Poland and is expected to improve operational efficiency and responsiveness to customer demand.

The development will be located directly adjacent to the A1 motorway junction within the administrative boundaries of Łódź. The site is situated in an established industrial zone and will also offer access to public transport infrastructure for employees.

The latest investment expands the existing cooperation between Panattoni and Bidfood in Poland. Bidfood currently occupies space in ten Panattoni facilities nationwide, including developments in Gdańsk, Białystok and Lublin. The company has also recently commenced operations at Panattoni Park Szczecin V, where it handles food distribution and warehousing, including refrigerated and frozen products.

REALOGIS Achieves Full Occupancy for M7 Real Estate Logistics Asset Near Frankfurt

REALOGIS Immobilien Frankfurt has completed the full letting of a logistics property in Ginsheim-Gustavsburg on behalf of M7 Real Estate following the latest lease agreement with Bakelog GmbH.

Under the agreement, Bakelog has leased approximately 6,900 sqm at the property located at Weiherfeld 11–15. The transaction includes around 5,950 sqm of warehouse space and approximately 950 sqm of office accommodation.

Bakelog will use the site exclusively for logistics operations related to the Lieken Group, including the storage and handling of baked goods and daily consumer products requiring time-sensitive distribution processes.

The property includes twelve loading bays and three ground-level access doors designed to support high-volume logistics operations.

REALOGIS Frankfurt said it had been exclusively mandated by M7 Real Estate to market the asset and succeeded in securing full occupancy within a relatively short period.

Earlier this year, another section of the property comprising around 1,850 sqm of warehouse space and 350 sqm of office space was leased to Sovereign Network GmbH.

The logistics asset provides approximately 7,800 sqm of warehouse space in total and benefits from transport connections to the wider Rhine-Main region via the A60 and A671 motorways. The location offers access to the commercial centres of Mainz, Wiesbaden and Frankfurt, making it attractive for distribution and logistics operators.

Mihai Olaru (OMIFA): Offices Must Evolve into Emotional Ecosystems That Build Belonging

As occupiers across Central and Eastern Europe reassess the role of the office in the hybrid work era, workplace design is entering a more psychologically driven phase. Mihai Olaru, Director General of OMIFA, argues that the next generation of workplaces will be judged less by how many desks they contain and more by how effectively they support human connection, well-being, trust and a sense of belonging. In a recent discussion with CIJ EUROPE, he outlined why psychological comfort is becoming a core design driver and how companies should rethink workplace environments accordingly.

 

Workplace design in Central and Eastern Europe is entering a more psychologically driven phase, according to Mihai Olaru, Director General of OMIFA. In a recent discussion with CIJ EUROPE, Mihai Olaru argued that the future of office environments will be defined less by efficiency metrics and more by their ability to support human connection, well-being and identity.

 

OMIFA, a Romanian company specialising in office fit-out solutions, partitions, furniture and integrated workspace systems, positions itself as both a distributor and producer of workplace components and design solutions across multiple European partnerships. The company collaborates with international manufacturers while also developing in-house products and local production capabilities, according to information published on its official website.

 

Speaking about the psychological dimension of design, Mihai Olaru said the industry must move beyond purely functional thinking. “Beyond ergonomics and aesthetics, I approach workplace design as an emotional ecosystem rather than just a functional environment,” he explained. In his view, modern offices must simultaneously support physical safety, autonomy and personal identity.

 

He noted that this requires creating a diversity of spatial experiences within the same workplace. Areas for focus, collaboration, recovery and informal interaction should coexist and allow employees to move fluidly between them. Environmental factors such as natural light, visual transparency balanced with privacy, material warmth and acoustic comfort all play a role in reducing cognitive fatigue and workplace stress.

 

A central theme in Mihai Olaru’s thinking is belonging. He believes employees connect more deeply with workplaces that reflect shared values and organisational culture. “The goal is not only productivity, but emotional comfort in the long term,” he said.

 

As hybrid work models reduce the amount of time employees spend in the office, Mihai Olaru expects the purpose of the workplace to fundamentally shift. “The office should move from a place of obligation to a place of intention,” he said. Rather than coming in to perform individual tasks, employees increasingly come to collaborate, build trust and maintain social cohesion.

 

This transition has direct spatial implications. Traditional rows of desks are giving way to collaboration hubs, project rooms and informal lounges designed to enable interactions that cannot be replicated remotely. At the same time, Mihai Olaru stresses the importance of choice within the workplace. Quiet rooms, phone booths and focused work zones remain essential, particularly for employees who require acoustic privacy.

 

Balancing standardised office concepts with individual psychological preferences remains one of the sector’s biggest challenges. Mihai Olaru believes the answer lies in adaptable frameworks rather than fixed typologies. “Human psychology is not uniform,” he said. “The objective is to design for choice.”

 

In practice, this means offering multiple environmental conditions within the same workplace. Introverted employees benefit from quieter, visually protected environments, while more extroverted workers gravitate toward open and dynamic areas. Flexible modular systems should enable users to self-select spaces that match their working style throughout the day.

 

Sustainability, in Mihai Olaru’s view, must also be reframed. He argues that the industry still focuses too heavily on materials and certifications, while underestimating the human dimension. “Sustainability should be understood not only as environmental responsibility, but as human sustainability,” he said.

 

He highlighted biophilic design, air quality monitoring, adaptive ventilation, thermal comfort and lighting aligned with circadian rhythms as critical factors that directly influence cognitive performance and emotional health. Achieving the right environmental balance is particularly complex in open-plan offices, where employee preferences for temperature, lighting and acoustics often vary significantly.

 

Looking ahead to the next decade, Mihai Olaru believes the dominant workplace need will be what he calls “meaningful belonging” — a combination of social connection, purpose and identity. As remote work becomes normalised, physical workplaces will need to justify their existence through experiences that foster community.

 

“The office will evolve into a cultural platform rather than a pure operational space,” he said. Future environments will need to be more adaptive, emotionally engaging and supportive of both creativity and focus while reinforcing collective identity.

 

He compares the emerging workplace model to a hotel lobby, a space where people naturally gather, interact and exchange ideas. In his view, hybrid hospitality principles will increasingly influence office design, particularly after the social disruption caused by the pandemic.

 

Mihai Olaru also acknowledged that budget constraints remain a practical barrier. Many companies are encouraging employees to return to the office while simultaneously limiting fit-out investment, creating tension between ambition and delivery. Still, he expects the direction of travel to remain clear as organisations compete for talent and engagement.

 

For OMIFA, the strategy combines international partnerships with local manufacturing and integration capabilities, allowing the company to deliver both standardised systems and customised solutions across office, retail and hospitality environments.

 

Ultimately, Mihai Olaru believes the winners in the next cycle will be those who understand the human dimension of space. “The future office will succeed not by maximising efficiency,” he said, “but by strengthening human connections.”

 

While cost pressures and uncertain macro conditions continue to influence corporate decisions, Mihai Olaru believes the long-term direction of workplace design is already clear. Offices that function merely as efficient containers risk losing relevance, particularly as hybrid work becomes embedded across the region. In contrast, environments that successfully combine flexibility, environmental quality and emotional engagement are more likely to retain their strategic value. For developers, occupiers and fit-out specialists alike, the challenge now is not simply to deliver space, but to create workplaces where people genuinely want to return.

© 2026 cij.world

Panattoni Announces Leadership Transition in Spain and Portugal

Panattoni has announced a leadership change in its Iberian operations following the departure of Gustavo Cardozo Lupi, who led the company’s business in Spain and Portugal for the past six years.

Cardozo Lupi joined Panattoni in 2020 and oversaw the company’s expansion across the Iberian Peninsula. During this period, Panattoni developed its local platform, expanded its team and launched a pipeline of logistics and industrial projects in both markets.

Since entering Spain and Portugal, Panattoni Iberia has delivered approximately 620,000 sqm of logistics and industrial space. The company currently operates across 15 Spanish provinces and in the Portuguese cities of Porto, Santarém and Lisbon, with projects serving sectors including logistics, automotive, food and textiles.

Panattoni said that Arantxa Prado has been appointed Interim Managing Director for Spain and Portugal to oversee the next stage of the business.

Robert Dobrzycki said Gustavo Cardozo Lupi had played an important role in establishing the company’s presence in Iberia and building its local operations, team and client relationships.

Prado joined Panattoni as Head of Capital Markets and has been involved in structuring and executing transactions supporting the company’s growth strategy in Spain and Portugal. Prior to joining the company, she held investment and private equity roles at Eneas Alternative Investments, Pantheon and Standard Life Private Equity, and also founded Cassia Investments, an emerging markets investment platform focused on consumer goods in Asia.

Panattoni stated that it remains focused on continuing its activities and development pipeline across Spain and Portugal following the management transition.

Slovakia’s Inflation Climbs in April as Fuel and Housing Costs Continue to Rise

Consumer price growth in Slovakia accelerated again in April 2026, driven primarily by higher transport and housing-related costs, while slower food inflation helped ease some of the upward pressure on household spending.

Annual inflation reached 3.9% in April, marking the second highest level recorded this year. On a monthly basis, prices increased by 0.5% compared with March.

Transport costs were the main contributor to the latest increase, reflecting a sharp rise in fuel prices. Motor fuel costs climbed by more than 15% year-on-year, representing the strongest increase since late 2022. On a monthly basis, fuel prices also posted their fastest increase on record, influenced by higher oil prices on international markets.

Housing and energy costs remained another major driver of inflation. Prices in the housing category rose by 6.3% compared with April last year, largely due to higher heating costs and continued increases in housing-related services such as water supply and maintenance. Housing and utilities remain the largest expenditure category for Slovak households.

Food inflation, however, continued to moderate. Annual growth in food and non-alcoholic beverage prices slowed to 1%, the weakest pace since November 2025. Several categories, including meat, dairy products and edible oils, recorded lower prices compared with a year earlier, helping to reduce overall inflationary pressure.

At the same time, some food segments continued to rise in price, including bread and cereals, vegetables, fruit and prepared food products. Non-alcoholic beverages also remained more expensive than a year ago, although the pace of growth eased slightly.

Inflationary pressures were also visible in services, particularly restaurants, accommodation, recreation and personal care services. Tobacco prices increased further during the month, while alcoholic beverages became slightly cheaper.

The Statistical Office of the Slovak Republic noted that inflation data for 2026 is being calculated under an updated consumer basket methodology and revised expenditure weights reflecting household consumption patterns from 2024. The revised structure slightly reduced the weighting of housing and food within overall household spending compared with previous years.

For the first four months of 2026, average consumer price growth in Slovakia reached 3.8% year-on-year.

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