According to the preliminary results of the parliamentary elections held in Poland on Sunday, after 2 terms and 8 years of independent rule, Prawo i Spawiedliwość (Law and Justice) will have to hand over power to the opposition. This is certainly good news for foreign investors, who may have feared worsening chaos in law and taxation and, in the longer term, Poland's potential exit from the structures of the European Union.

Duda Development has sold a Silesian retail park portfolio to a private investor. Avison Young represented the purchaser. The price has not been disclosed.

According to a survey conducted by Savills involving real estate investors with total Europe and Middle East assets under management (AuM) exceeding €500 billion, almost a third of investors are looking to adopt a more aggressive, value-added investment strategy over the next 12 months. This is up from 14% on last year’s survey, with only 28% expecting to deploy a more defensive strategy over the next 12 months, down from 55% last year.

Cushman & Wakefield has released a summary of retail market conditions in Poland. Approximately 200,000 sqm is likely to be added to the market by the end of this year. Most of that total will be delivered in retail parks that account for 77% of the development pipeline, which will be consistent with the trend seen in recent years. Rental rates are on an upward year-on-year trajectory while the average vacancy rate in the largest Polish cities has dipped by 1.2 pp year-on-year. 

Eshel Pesti has assumed the position of the new CEO of G City Europe. Or Ackerman will be the new Group Chief Financial Officer (CFO). 

During the first half of 2023, investment activity remained low due to increased financial costs and an uncertain outlook. As a result, there was a need for more price discovery across all sectors. In Poland, we are witnessing a similar tendency in European countries and the United States, and one of these trends is a reduction in investment volume. The rise in interest rates had a significant impact on transaction valuations and investment activity, leading to a challenge in determining the size, speed, and duration of price adjustments. JLL experts presented an analysis of investors' activity in Poland in comparison to CEE countries.

Panattoni is launching its second project in Warsaw’s Targówek district this year. The company is to deliver 17,615 sqm of space in an investment of €8.5 million. City Logistics Warsaw VI will be the company’s tenth development in Warsaw.

CTP has leased approximately 110,000 sqm at the CTPark Warsaw West complex to Raben Group, one of the largest logistics companies in the world. This 10-year lease is the largest transaction in the warehouse and logistics market in Poland this year, for which the Raben Group was advised by Savills, and was also a record-breaking agreement for 2023 across CTP’s entire portfolio.

For many real estate market leaders who came to Expo Real 2023, it was an opportunity to look for new investment opportunities in the face of more difficult macroeconomic and economic conditions in the world. Experts from Walter Herz advisory agency share their insights on the current situation in the Polish property market. 

Wind power, which accounts for approximately 2% of total electricity supply, is at the global forefront of green solutions and growing well ahead of traditional energy technologies and other renewable energy sources. One of the most prospective regions in Poland for this sector is Western Pomerania. According to the latest report from global real estate services firm Cushman & Wakefield, this region is already seeing professional large-scale wind farms being established and is a clear leader in terms of economic potential for wind power with 14,000 MW, 40% ahead of Pomerania and Lower Silesia.