ARTICLES LABELLED WITH TAG Poland

More than half of the 1.24 million sqm of office space leased in 2021 was located in Warsaw. Renegotiations accounted for nearly 45% of the total transaction volume.  However, the main regional cities now account for three times more square metreage under construction than the capital city.

Opened in September 2021, the Norblin Factory is filling up with tenants. The project’s investor, the Capital Park Group, has signed lease contracts with another six concepts which will soon join the revitalised complex at Żelazna Street. The office space of the multifunctional building was already fully leased last year.

Development margins in Poland have been under pressure in recent years which is taking effect in a smaller number of projects under construction with planned occupancy dates in 2022 and 2023. Property Forum talked to Mariusz Frąckiewicz, Country Director at Avestus Real Estate Poland about the post-Covid office market in Poland, the impact of inflation and surging land prices.

Panattoni will develop a third building for Media Expert within the Central European Logistics Hub in Łódź. At the end of January this year, the owner of the store chain was granted early access to the 80,000 sqm centre, which is to be combined with two other existing buildings to form a national distribution complex for Media Expert. All three buildings have a combined area of 233,000 sqm. As well as these buildings in the administrative capital of the region, the chain has also leased 23,000 sqm in Panattoni Park Stryków III.

White Star Logistics, a joint venture between White Star Real Estate and Bain Capital Credit, is commencing the development of a 55,000 sqm logistics center in Raszyn. Within the investment, whose commercialization began at the beginning of the year, three buildings will be constructed in stages. 

The flagship adidas store in CEE will be located on several floors of the Sawa building in Warsaw, in the very centre of the capital. This store will be the brand’s largest and newest concept in CEE.

The warehouse will be built as a part of GLP Park Lędziny in Silesia and used as a regular distribution depot for Maspex Group’s beverage division. Omega Pilzno will handle warehouse logistics and transport as part of the tender. AXI IMMO brokered the transaction.

Experts from the consulting company BNP Paribas Real Estate Poland summed up the final quarter of 2021, regarding office space in Warsaw. The market closed the year with 325,000 sqm of new modern space, but vacancy rate are increasing, and an escalation in contract renewals is agitating the situation within the demand structure. Therefore "flexibility" has turned out to be the most important word for all market players. The authors underline that the situation in 2022 will be comparable.

The Lakeside office building in Warsaw's Mokotów district has been granted a building permit. Construction is already underway.

A joint venture between Partners Group, a leading global private markets firm and investment manager Peakside Capital Advisors AG with a group of additional third-party co-investors has acquired a portfolio of warehouse properties in capital of Poland. The purchase price is not being disclosed.