The intensive development of the Polish housing market, and the great interest of global investment capital in Poland, are boosting consolidation and acquisitions. News of the sales of several large, well-known development companies has recently been of much discussion in the Polish housing market, and according to JLL experts, this trend looks set to continue.

Real estate developer One United Properties got €50 million in fresh funding for residential projects through a private placement of a senior secured debt note carried out by CC@ONE Properties Invest AG. 

Panattoni is to increase the supply of warehouse space in Bielsko-Biała, an industrial area bordering Silesia and Małopolska. The developer has started construction work on another park in the region - Panattoni Park Bielsko Biała IV. Three buildings with a combined area of 96,000 sqm are under construction, all of which are to be completed this year. The entire project is being developed in line with the Go Earthwise with Panattoni policy for sustainable development, which means that the project is to be certified under BREEAM for a rating of ‘Very Good’. The company’s three other parks in the region have now been fully leased out.

According to Cresa Poland analysts, modern class A warehouses are now far more superior than out-of-town facilities built 10-15 years ago. They provide top-grade space in terms of location, accessibility and warehousing solutions.

Real estate advisory firm Savills has been appointed as sole letting agent for office space in the Grunwaldzki Center in Wrocław.

At the end of May, the Chamber of Deputies, the lower house of the Parliament of the Czech Republic, has approved an amendment to the building law that aims to accelerate approvals on large construction projects. If approved by the Senate and signed by the President, it should come into force on July 1, 2023. Property Forum asked two renowned market experts for their comments on the possible changes.

Futureal’s HelloParks continues its development in the western agglomeration of the Hungarian capital, next to the M1 motorway, in Páty. This is the largest project in the history of the company and will complement HelloParks Fót in the North and HelloParks Maglód in the East, next to the airport. The total pipeline of Futureal Group’s industrial and logistics property development company, HelloParks, has now reached 900,000 sqm of GLA around Budapest.

Another building of the Nowy Rynek complex in Poznan, developed by Skanska, has received its occupancy permit. Phase D provides approx. 39,000 sqm of office space and will be the first investment in the region to apply for the WELL Core&Shell certificate. It is also the only place in Poznan with a pavement made of green concrete that cleans the air.

Building H3, part of West Gate Business District, in Bucharest, got the highest certification level of the IMMUNE Building Standard. The offices, owned by Genesis Property, are fully occupied by telecom company Ericsson.

In a statement, the Management Board and Supervisory Board of S Immo have clearly expressed their opposition to the takeover offer by Immofinanz published in mid-May 2021.