ARTICLES LABELLED WITH TAG Poland

According to the latest report from Cushman & Wakefield, the Polish retail market got off to a flying start in 2023, with over 100,000 sqm of new retail space coming on stream in the first quarter of the year and a number of new openings expected to deliver a total of 300,000 sqm. The biggest single challenge facing both retail tenants and landlords is high inflation which has resulted in falling sales for some shopping categories.

According to Savills' latest European logistics outlook, the take-up of industrial and logistics space across the continent totalled 37.5 million sqm in 2022. Despite ongoing economic uncertainty, this signifies a fall of only 6% on 2021’s total of 40.2 million sqm, which was a record high for the sector.

Panattoni has started the development of a third building with an area of almost 40,000 sqm in the Panattoni Park Bielsko Biała IV park. As much as 22,000 sqm is to be leased by Polmotors. The company is to employ around 1,000 people in a factory, which is to serve markets across the globe. Upon completion, the Panattoni Park Bielsko Biała IV development is to comprise three buildings with a combined area of over 100,000 sqm. The complex is almost fully commercialised.

Panattoni launched the construction of Panattoni Park Lublin IV in March. Eventually, the centre will comprise almost 55,000 sqm. The main support for the development is €32.8 million of financing from Alior Bank.

The Polish Chamber of Commercial Real Estate (PINK) has published figures on the office market in Warsaw for Q1 2023. The data is sourced from advisory companies from the commercial real estate sector (BNP Paribas Real Estate, CBRE, Colliers, Cushman & Wakefield, JLL, Knight Frank, Newmark Polska, Savills) and includes information on modern office stock, new completions, take-up volumes and vacancy rates.

Ghelamco has announced changes in the management board of its Polish companies. As of 14 April 2023, Paul Gheysens, owner and founder of Ghelamco, took over as President of the Management Board, and Jarosław Zagórski became the new Managing Director, replacing Jeroen van der Toolen in this position. The board was also expanded with the addition of new members: Michael Gheysens, Marie-Julie Gheysens, Chris Heggerick and Rafał Gierczak.

Last year Globalworth confirmed its strong position in Central and Eastern Europe by signing leases for a combined 87,500 sqm in Poland. This result comprises new contracts for office and retail-gastronomy space, extensions of existing contracts and enlargements of areas leased by tenants.

Panattoni launches another factory project for a global industrial giant. One of the leading names in home appliances and electronics will start using a 40,000 sqm factory before the end of 2023. The BTO centre is being built in Western Poland and is to be used for the production of home appliances in an investment of over €80 million. 

The latest investment by Accolade in Poland will be located in Świdnik and provide easy access to the Lublin region. It will offer 54 000 sqm of modern warehouse space. The industrial park in Świdnik will consist of two buildings. The majority of the space was already leased to three companies from the manufacturing and logistics industries. The park will be located just 1 km from the border of the city of Lublin, where Accolade already has another warehouse park. Accolade has been present in the region since 2015, and their investment here will amount to over 130,000 square meters, with the total value of the investment in Lublin voivodeship amounting to €115 million.

Sergii Stoliarchuk has joined the immo lab team as Business Development Ukraine. He is responsible for cooperation with Ukrainian real estate companies in Poland.