Last year saw excellent results in the office sector in Poland. Demand was a record breaking 1.6 million sqm. Total stock exceeded 11 million sqm with regional markets accounting for 5.6 million sqm and outperforming Warsaw for the first time. JLL summarised the situation on the Polish office market at the end of 2019.

The Neopark office complex, one of the flagship investments of Yareal Polska, is now fully leased, with companies such as Play, Inpost, New Work, Olympus and Mitsubishi opening their offices in the buildings’ 24,000 sqm of space. Experts from JLL were responsible for the commercialization of the project.

Demand on the Warsaw office market reached 880,000 sqm with 225,000 sqm in the form of pre-lets. JLL summarised the situation on the Polish office market at the end of 2019.

Developers operating on the six largest Polish cities sold a total of 17,600 units in the fourth quarter of 2019, which is 9% more than in the previous quarter. This increased annual sales to 65,400 units, which is nearly 1% better than last year. It was also the second-best result in the history of the primary housing market in Poland, according to JLL’s report.

The Expoziției Area attracted almost 15% of the total demand for office spaces registered last year in Bucharest, thus entering the top 5 areas preferred by companies to locate their offices, at a very short distance from Center - West, the most dynamic area in the last 3-4 years, according to JLL:

Sustainability is top of the agenda this year at Davos as governments and businesses around the world are grappling with ways to combat climate change. Of the four global issues the World Economic Forum has said “clearly stand out as urgent and important” at the annual meeting in Switzerland, the first two are how to address environmental challenges harming our ecology and economy, and figuring out how to transform industries to achieve more sustainable business models. The built environment has a huge role to play in developing and implementing solutions, with technology, investment and robust governance central to success, according to the City Momentum Index report from JLL.

JLL has appointed Sabine Eckhardt as CEO Central Europe with effect from 1 May, 2020. In the newly created position, which includes full responsibility for Germany and Central Europe, based in Frankfurt, Sabine Eckhardt will help drive continued growth and digital transformation of the international real estate services group. She will also join JLL's EMEA Strategy Board.

Poland's retail market is seeing a slowdown in the pace of shopping centre construction, the growing popularity of the convenience segment and mixed-use projects, as well as further synergy of traditional shopping and technology, according to JLL’s market summary for 2019.

Cavatina Holding has signed a sale agreement for the Equal Business Park office complex in Kraków. The complex comprises four buildings offering a total of over 60,000 sqm of Class A office space. The buyer is a joint venture managed by Apollo-Rida Poland.

According to JLL estimates, the value of the real estate investment transactions in Poland was a record-breaking €7.4 billion. This is a better result than 2018 (over €7.2 billion. The last 12 months were the best ever for the office segment, where the sales and acquisitions were worth more than €3.8 billion – over a billion euros more than the previous year.