ARTICLES LABELLED WITH TAG Poland

Property investor Globalworth has reported a net loss of €16.1 million in 2022 compared to a profit of €47.5 million in 2021, while the value of its commercial portfolio remained effectively unchanged at €3.2 billion. 

Panattoni is extending the Panattoni Park Wrocław Logistics South Hub. The first stage comprising 120,000 sqm of speculative space has been fully commercialised during its construction. The developer is now to build a further 90,000 sqm on the same basis to be delivered in Q3 this year. 

One of the next buildings of Olivia Center is to serve as an office, and the other as a residential one for long-term rental (so-called PRS). The investor has just received a building permit for both buildings.

Construction works have already started at MDC² Gliwice Park. The facility will consist of three buildings with a total area of over 57,000 sqm, located on a plot of 13.4 hectares. The first of the three buildings is scheduled to be commissioned at the turn of July and August 2023, and the opening of the other two at the turn of September and October 2023. The first tenants will move into the park in the third quarter of this year.

Dagmara Kowalik, CEO of Digital Bunch, a digital marketing agency specializing in 3D production and software, has talked to Property Forum about current trends in visual marketing of real estate and the next big things in it.

White Stone Development has sold the Celebro office building to Lithuanian investor Eika Real Estate Fund, represented by its management company Eika Asset Management. Celebro is a class A office building located in Warsaw at 22 Gładka Street, offering ca. 7,200 sqm GLA. It was designed by the architectural studio Kuryłowicz & Associates. Built in 2019, it has a BREEAM New Construction Very Good certificate. The price has not been disclosed.

Take-up hits its second-highest on record as new supply sets an all-time high – that’s the story of the Polish industrial market in 2022 in a nutshell. According to the latest report from Cushman & Wakefield, development activity is expected to be more muted in the coming months, with the market entering a phase of stability. 

The company’s new business line operates under the Habitu brand and the first property from the PRS sector in the company’s portfolio located in Warsaw was fully leased in two months. The company has announced intensive development of Habitu mainly in the capital city but also in other Polish cities. Syrena plans to offer three thousand units on its PRS platform within five years.

Polish warehouse developer 7R has appoin­ted Michał Białas as a Member of the Management Board. Michał Białas will continue to develop the company, expand the real estate portfolio, and support leasing.

According to Cushman & Wakefield, 2022 witnessed a recovery in commercial real estate investment activity in CEE, with the year closing marginally up compared to the previous year. Total investment volumes in Central and Eastern Europe came in at €10.7 billion, up by 6.6% year-on-year. With more than €5.7 billion worth of deals, Poland continued to lead the way across the region.