ARTICLES LABELLED WITH TAG Poland

7R, the Polish developer of warehouse and production facilities, delivered nearly 400,000 sqm of BREEAM-certified space in 2021, doubling the company’s annual result y-o-y. In the last 12 months, 7R has divested 17 projects to investment funds and real estate companies for a total of nearly €400 million. The amount of space the tenants occupy has also increased, totaling 500,000 sqm. The portfolio of properties managed by 7R now exceeds one million sqm.

Individual investors subscribed to all K-series bonds offered by Echo Investment. The developer will issue securities with a total nominal value of PLN 50 million.

The attitude of young Poles towards the concept of property is changing. Property Forum talked to Andrzej Gutowski, Vice President and Sales Director of Ronson Development, another Polish large residential developer, which has recently decided to include PRS apartments in its offer.

Bank PKO BP inked a long-term deal to lease ca. 34,550 sqm office space in the Warsaw Skysawa project by Polski Holding Nieruchomości (PHN) to be completed in Q4 2022, PHN said in a market filing without disclosing the value of the deal.

An increasing number of value-add investment opportunities will emerge in 2022, said Savills, as decarbonising buildings and ESG-requirements create redevelopment opportunities across Europe.

The Polish Chamber of Commercial Property (PINK) has published figures on the office market in Warsaw for Q4 2021. 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.

CBRE IM has acquired Building D of the 7R Park Beskid I logistics centre. The building offers 13,800 sqm GLA and is fully let to two tenants. 7R has now sold all four buildings of 7R Park Beskid, comprising a total GLA of 58,300 sqm, to CBRE Investment Management.

Panattoni has started its third BTS project for French supermarket chain Carrefour. The investment, which has an area of ​​50,000 sqm, is under development in Będzin in Silesia. The height of the facility will reach as much as 13 m, while more than 13,000 sqm is to be used as a technologically-advanced cold store. The project is to be built to BREEAM ‘Excellent’ certification standards, while the developer will also create more than 5,000 sqm of green roofs.  

Panattoni is extending a production campus for K-Flex in Uniejów. After having developed almost 60,000 sqm in four buildings, the developer is now to deliver a further 6,500 sqm. The leading producer of thermal and acoustic insulation materials will already be using a 15 m high storage facility in March 2022. This will allow K-Flex to service the growing needs of its construction clients from Europe, Asia and the USA. Both companies are now planning further stages to the extension of the complex in Uniejów.

PGIM Real Estate has acquired a logistics development in Legnica, Poland on behalf of its second European value-add fund. The value of transaction has not been disclosed.