ARTICLES LABELLED WITH TAG Poland

New multinational companies are leasing warehouses in Upper Silesia while taking advantage of comprehensive logistics services. Developers have secured plots of land in the region and will launch new projects once they pre-let 30-50% of the floorspace of a building as part of meeting banks’ lending requirements. According to the latest market data, Upper Silesia is the fastest-growing region, say Michał Kozar, Senior Associate, and Janusz Dudek, Senior Advisor, Industrial and Warehouse Department, Newmark Polska.

P3 Logistic Parks has commenced the development of another speculative warehouse with an area of 28,292 sqm at P3 Poznań, a warehouse park offering a total area of over 385,000 sqm. When expansion work is complete, P3 Poznań will cover a total area of 415,000 sqm, making it one of the largest logistics parks in Poland.

According to data from Cushman & Wakefield, Lublin is the leading Polish city in terms of retail space saturation for schemes exceeding 5,000 sqm. Its space saturation rate is 1,094 sqm per 1,000 inhabitants compared to 831 sqm for Warsaw – the most mature retail market in Poland. Paradoxically, this does not preclude further growth for developers active in this market. There is still room in the city for traditional retail parks that are developed in alternative locations - frequently on the outskirts – and are anchored by tenants offering convenience shopping geared to the day-to-day needs of inhabitants.

Panattoni has been granted a €27.5 million loan by Berlin Hyp to finance a distribution centre in Zakroczym developed for Action. The centre, which is to supply 160 stores from the chain and employ around 300 people, was constructed as a BTS (built-to-suit) development.

HIH Invest Real Estate has appointed real estate advisory firm Savills as the sole letting agent for vacant office space in Sagittarius Business House, located in Wrocław, Poland.

Panattoni has already delivered almost 170,000 sqm of industrial space around Zielona Góra in three different parks. Space has now been rented by ECE Logistics in one of these projects within the administrative capital of the Lubuski region. The company is to use the centre to run logistics operations for an e-commerce client from where it is to serve markets in Central and Western Europe. The tenant was represented by real estate consultancy BNP Paribas Real Estate.

Andrzej Oślizło, CEO of Develia talked to Property Forum about the recent acquisition of the Polish portfolio of the French development group Nexity, the current situation in the residential market and plans for investments in the PRS segment.

Most industry insiders were eagerly awaiting Q2 sales statistics. Despite the fact that, effectively, the "2% safe loan" program has only been in effect since July 3rd, its impact on quarterly sales performance was significant. For another consecutive quarter, the number of units sold by developers in the six largest markets was about one-third higher compared to the previous three months. Experts at JLL summarised the second quarter of 2023 in the residential market in Poland.

Wolf Theiss has announced the expansion of its Corporate and M&A team in Poland with the addition of 27 new team members, including seven partners.

In addition to the existing investment facility with an overall amount of €118 million, pbb Deutsche Pfandbriefbank has provided a €40 million credit facility to the open-ended fund Reico ČS Nemovitostní, the biggest mutual real estate fund on the Czech market, managed by Reico.