Knight Frank advised Realty Income on their firsy acquisition in Poland of the Eko-Okna industrial assets located in Wodzisław Śląski and Kędzierzyn-Koźle.The transaction on the Sale and Leasback basis, involved high-quality logistics assets fully leased to Eko-Okna, one of the largest window and door manufacturers in Europe. By securing this deal, Realty Income further strengthens its industrial portfolio in Poland, supported by long-term, stable income streams.
EKO OKNA
Key value drivers:
Date: Q2 2025
Total Size: 260,000 sq m
Price: EUR 253m
Yield: 7.10%
Mandate: Acquisition
Vendor: Eko Okna
Purchaser: Realty Income
TENNECO
Knight Frank advised Adventum on the acquisition of a portfolio of 4 industrial and logistics assets leased to Tenneco, on the Sale and Leasback basis. The transaction comprised a strategic set of properties located in established industrial hubs across Poland, fully occupied by Tenneco – a leading global supplier to the automotive sector. The portfolio offers secure long-term income, supported by a strong tenant covenant and modern warehouse specifications.
Key value drivers:
Date: Q2 2025
Total Size: 183,000 sq m
Price: EUR 70m
Yield: 9.75%
Mandate: Acquisition
Vendor: Tenneco
Purchaser: Adventum International
Knight Frank was appointed to advise on the sale of the VIBE office building in Warsaw where its headquarter is located.The property attracted multiple offers from a diverse group of investors. However, Knight Frank successfully brought in core capital from Germany — Manova Partners — whose offer ultimately proved to be the most attractive.VIBE enjoys a prime location with convenient access to public transport, including the Rondo Daszyńskiego metro station, trams, and Warszawa Ochota railway station, which made it an attractive option for both commercial use and residential investments.
VIBE
Key value drivers:
Date: Q3 2025
Total Size: 15,800 sq m
Price: EUR 69m
Yield: 6.60%
Mandate: Disposal
Vendor: Ghelamco
Purchaser: Manova Partners
Status: Disposal
Status: JV opportunity
Status: Disposal
Status: Disposal
Sector: Retail
Sector: Retail parks
Sector: Office
Sector: Office/Hotel/Retail
Price: EUR 5m
Price: Equity: EUR 180m
Price: EUR 15m
Price: EUR 92m
GLA: 5,200 sq m
GLA: 165,000 sq m + future pipeline
GLA: 11,000 sq m
GLA: 35,000 sq m
NEWGATE Retail Park Portfolio
Pilot Tower
Posejdon
Carrefour, Chojnice
Status: Disposal
Sector: Industrial
Price: EUR 58m
GLA: 120,000 sq m
FM Logistic
Status: Disposal
Sector: Industrial
Price: EUR 25m
GLA: 52,000 sq m
HiPark Rzepin
Status: Disposal
Sector: Industrial
Price: EUR 44m
GLA: 63,400 sq m
BTS Schaeffler, Silesia
Status: Disposal
Sector: Office
Price: EUR 20m
GLA: 5,400 sq m
M76, Warsaw
Status: Disposal
Sector: Mixed use with development potencial
Price: EUR 24m
GLA: 12 800 sq m + 16 400 sq m development
OFF Piotrkowska, Łódź
Charles, bringing over 25 years of experience in Central Europe's real estate markets. Prior to this role, he served as Managing Director of Cushman & Wakefield Poland. Charles has an extensive track record (over EUR 5 bn) of delivering significant capital markets transactions across all sectors including the aquisitiuon of Magnolia and Riviera acquired for Union Investment, Galeria Dominikanska acquired for Atrium, Karolinka and Pogoria acquired for Rockcastle, Galeria Sloneczna for Reico, Jantar Slupsk for Tristan Capital Partners and Fashion House Portfolio for DWS. Charles is currently seeking a JV partner for a substantial retail park portfolio located across Poland.Throughout his career, Charles has been instrumental in transacting across all commercial sectors in core Central European markets, including Croatia. He has collaborated with a broad spectrum of clients, such as DWS, Union Investment, Skanska, Ghelamco, Heitman, Invesco, CBRE IM, and Griffin Capital Partners. Notably, he advised Wing on the successful acquisition of a majority stake in the leading Polish developer Echo Investment.
CEO
Charles Taylor
Krzysztof has over 15 years of experience in the real estate and financial services. Krzysztof joined Knight Frank in 2011 after spending over 2 years in PwC having worked on audit and due diligence projects of real estate and financial sector projects. Krzysztof’s primary focus is maintaining relationships with all key industry players and sourcing new capital on the Polish real estate market. Within the team, has worked on numerous recognizable projects including acquisition and disposal of commercial buildings, debt financing and plots transactions, among others number of warehouse projects acquisition of production facility in Katowice, Rockwell Automation, disposal of Castorama warehouse in Stryków, disposal of TDP Industrial Park near Warsaw or disposal of portfolio of two warehouse projects in Szczecin and Bydgoszcz owned by Waimea. Krzysztof is responsible also for supervision of the due diligence and negotiations of transaction terms. Krzysztof holds a reputable CCIM title.
Managing Director, Head of Capital Markets
Krzysztof Cipiur
Michał has over 17 years experience. He trained in Deloitte’s real estate team, led the investment transactions at Knight Frank in Poland and was head of acquisitions at the largest listed (and partially state owned) Polish real estate company - PHN.During his career, Michał has dealt with investment transactions valued at over EUR 1 billion across all commercial sectors including warehouse, office and retail. His role within the team involves managing relationships with key clients and establishment of new connections to facilitate sourcing of capital. Michał has recently transacted on several retail assets including acquisition of two retail parks to LCP. Michał is well versed in financial modelling, debt raising, commercial underwriting and the various asset management processes. Michał is CCIM qualified.
Director, Capital Markets
Michał Grabara
M: +48 722 202 030
M: +48 695 662 756
M: +48 511 945 272
E-mail: krzysztof.cipiur@pl.knightfrank.com
George Lewis
Sylwia Jankowska
Director, Capital Markets
M: +48 512 056 798
E-mail: george.lewis@pl.knightfrank.com
George has over 25 years of experience in the real estate and financial services. He joined Knight Frank in 2020 returning to CEE from the UK. Previously George had been a Regional Director at JLL heading their Capital Markets team in Czech Republic and Slovakia. George’s primary focus is maintaining relationships with all key industry players and sourcing new capital on the Polish real estate market. During his time in CEE he has transacted over EUR 2.5bn of real estate working with many of the leading investors and developers. George focusses on the Polish logistics, office and retails sectors. George is a member of the RICS. Major clients include Reico, Generali, Trigranit, VGP, AFI, DRFG, MDC2, Hillwood, Ghelamco, Fortress and Waimea.
Sylwia has joined Knight Frank recently, after spending almost 5 years in Cushman & Wakefield having workedon due diligence projects of real estate and analysed BTR and PBSA market. Sylwia’smain focusis on growing PRS market in Poland, maintaining relationships with all key clients interestedin rental sector as well as due diligence. In her portfolio of successfully closed transactions we can find i.e.acquisition of 56% stake in Echo Investments on behalf of WING, Hungary’s leading real estate company, due diligence on YIT portfolio on behalf of NREP, disposal of office building at Jana Kazimierza on behalf of Servier Services or warehouse in Radomsko on behalfof the UK’s pension fund, debt financing of various commercial building on behalf of the UK’s pension fund.
Investment Broker, Capital Markets
M: +48 697 037 969
Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank has over 27,000 people operating from over 740 offices across 50 territories. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the Company, please visit knightfrank.com.
