Upward pressure on rental rates and rising construction costs on the one hand and a growing focus on ESG and repositioning of commercial buildings on the other. Faced with the current pace of change in the real estate market, many investors are looking at 2023 with a degree of uncertainty. Are there any reasons to be fearful? And how will the economic slowdown shape trends and sentiments in each real estate sector in the short term? Cushman & Wakefield answers these questions and more in the fourth edition of its "Trends Radar" report, which presents forecasts and potential development trends for the Polish real estate market.

Accolade received a long-term financing for the 5 industrial parks in Poland: Gorzów Wielkopolski, Szczecin Załom (West), Szczecin Kniewska, Częstochowa and Kielce. The €129 million refinancing loan was delivered by its new financing partner Helaba. 

The volume of land sales for commercial real estate projects in Romania (excluding for traditional industrial and logistics projects) reached around €450 million in 2022, down from almost €800 million euros a year earlier, according to estimates by real estate consultancy Colliers. 

Belgian developer Atenor says it has agreed on a bilateral promise with CEE-focused real estate investment manager Adventum Group for the sale of the office complex @Expo in Bucharest. The promise is under the suspensive condition of the signing of a share purchase agreement by the end of Q1 2023, Atenor announced in a press release.

Occam New Home, a subsidiary of investment-development group Occam Real Estate, concluded negotiations for the entry of a strategic partner in December. Slovak investment group Across acquired a 50% stake in the company through its subsidiary Across Properties.

Globalworth announced the signing of two new facilities with Erste Group for an aggregate amount of €160 million. These facilities are part of the ongoing strategic management of our liquidity and debt management initiatives, further strengthening the company's liquidity position at attractive market terms.

A JV of Investika – a Czech retail investment fund, and Bud Holdings – a Luxembourg-based private equity company, became the new owner of the entire Face2Face Business Campus in Katowice. Echo Investment signed a sale agreement for the complex comprising two office buildings. The agreed price is about €110 million.

Panattoni has sold its fully-leased Silesia East logistics park near Katowice in the south of Poland, to Palmira Polska Sp. z.o.o, the Polish subsidiary of Frankfurt-headquartered investor and asset manager Palmira Capital Partners. The 32,000 sqm Grade A complex is part of a major logistics hub around Katowice, the capital of the Silesia region, which borders the Czech Republic and Slovakia and lies at the heart of the industrial and manufacturing centre of Central and Eastern Europe. The parties agreed not to disclose the value of the transaction.

Union Investment has sold the Maraton office building in Poznań, to a subsidiary of UNIQA Real Estate, the real estate company of the Austrian insurance company UNIQA Insurance Group AG. The building has been held by open-ended real estate fund Unilmmo: Deutschland since 2017. The purchase price was not disclosed.

Romanian developer One United Properties has purchased an unfinished, abandoned building in the historic centre of Bucharest, for €13.5 million. The building will be transformed into a 5-star lifestyle hotel - One Plaza Athénée.