Over half of Poland’s top 200 residential developers are family-owned firms using domestic capital and most are led by individuals over 50 who lack formal succession plans. According to a JLL Living and Crido report, the frequent absence of a family heir may soon force these owners to sell their businesses.

Mitiska REIM, the specialist investor in European convenience real estate, has announced the acquisition of Quick Park Mysłowice retail park on behalf of the Merep 3 fund. The project was acquired in partnership with Karuzela Holding, Mitiska Reim's joint venture partner in Poland.

High market fragmentation, rising land costs, the need to rapidly scale operations, and succession issues in companies mean the Polish residential market will face a wave of mergers and acquisitions (M&A) in the coming years, according to a report by JLL Living and Crido.

The PRS market accounts for a mere 1% of all rental flats in Poland. Despite being in its infancy, it is likely to become a strong investment alternative and gain popularity in light of the current macroeconomic conditions and challenges facing the housing sector. The latest report prepared by experts of CRIDO and Savills looks at what’s next for this commercial real estate sector in the coming years and legal and tax issues that an investor needs to take into account in investment planning.