The total volume of investment transactions in H1 2022 amounted to almost €2.9 billion, which was more than 40% more than in the same period last year. The high value of investments demonstrates investors' continued strong interest in Polish investment products in all major categories, despite the new geopolitical situation and the war in Ukraine. AXI IMMO experts analyze the situation of individual sectors in the investment market in the first half of 2022 in Poland.

The new facility will be built on the basis of the former Galeria Ozimska, the largest tenant of which was a Tesco hypermarket. In the new facility, 18,000 sqm of leasable area (GLA), a shopping arcade will be built, which will be accompanied by a classic retail park. Scallier was jointly responsible for the project acquisition and the preparation of the commercialization concept. Currently, it supervises the commercialisation and manages the facility. The design stage is underway and preparations for the redevelopment of the complex are underway. The opening of Ozimska Park is planned for August 2023.

Romanian company Impact Developer & Contractor recorded sales of 90.3 million lei (€18.5 million) for 110 residential units in the first half of 2022, up 45% compared to the same period of last year.  

Liviu Tudor, Founder and Chairman of Genesis Property, spoke to Property Forum about the development status of the YUNITY Park project in northern Bucharest and the upgraded experience that offices have to offer to tenant companies and their employees for future growth.

As students are preparing to resume their university studies in person, asking rents in large cities have gone up by up to 10% by the end of August 2022 compared to the same period of last year, according to property platform Imobiliare.ro.

UK-based commercial property fund manager and investor First Property Group concluded the sale of Tureni Logistic Warehouse, with a total area of about 8,300 sqm, in a deal brokered by real estate consultancy company Colliers.

As of summer 2022, leasing activity in the Kyiv office market was near a standstill and primarily driven by office optimization, as well as lease renewals and renegotiations of existing leases, according to the latest research of CBRE Ukraine. Whereas, as of the beginning of June, we observed a slight recovery in the level of office occupancy by employees who continued to work or who returned to Kyiv. Thus, typical office attendance among corporate occupiers was ca. 10% with many tenants in IT, high tech & telecommunications, healthcare and pharmaceuticals, agriculture, FMCG and industrial sectors planning to increase occupancy to 15%.

Czech construction company HSF System completed the construction of the second part of the retail park H-Park 2 in Brno as the general contractor. The investor was RLRE Carina Property. The financial volume of the project was approximately CZK 70 million (€2.8 million).

The warehouse sector in Poland remains in good shape after the first half of 2022. The market continues to see high tenant activity (3.7 million sqm; +12% y/y), generated mainly by e-commerce, retail chains, and logistics companies. At the end of June this year, developers delivered another 1.8 million sqm (+64% y/y), with the market still facing a shortage of vacant space. The high absorption rate is influencing decisions to start new investments. The result of 5.6 million sqm (+56% y/y) of projects currently under construction is the highest value recorded in the history of the entire sector. AXI IMMO summarizes the first half of the year in the warehouse market in the report "Polish Warehouse Market in H1 2022."

Dimitris Raptis, Globalworth Group CEO, spoke to Property Forum about the investments made to secure a smooth return of employees to the company’s office buildings and the importance of sustainability and market-leading certifications in a hybrid work ecosystem.