ARTICLES LABELLED WITH TAG Poland

A rapid growth in student numbers will drive demand for student housing in the next five years across all larger European university hubs – especially major Spanish and Italian cities, Savills forecasts. Also in Poland, prime PBSA occupancy remains high despite the pandemic and provision of student accommodation is expected to grow soon across Polish cities.

Trei Real Estate, an international developer and asset holder for residential and retail real estate, just opened another retail park of its Vendo Park brand in Radzymin, Masovian voivodeship, close to Warsaw. The total amount invested was €3.1 million.

Subsequent to the shareholders' decision in June 2021 to increase the company’s capital, GTC offered 55,000,000 O-series bearer shares. On the back of strong demand, the company eventually sold as many as 88,700,000 shares at PLN 6.40 per share, raising new capital of approx. €123 million. 

Skanska aims to cut its emissions by 70% as early as 2030, while more investors are looking for ESG-compliant projects in CEE, Skanska’s Adam Targowski, Environmental Director, Center of Excellence and Aurelia Luca, Executive Vice President Operations Hungary and Romania tell Property Forum in an interview.

Several companies on our market are already developing their dark store networks, which allow for the delivery of food products within a dozen or so minutes from the order, and new shopping platforms announce their entry onto the Polish market. Things are getting very competitive in the quick commerce segment.

MainStage Logistics, a company providing comprehensive services in respect of logistics centre management, has a new facility in the portfolio. Since December, the company has been managing an industrial and warehouse park in Jasionka near Rzeszów.

Zalando will open two additional fulfillment centers in Poland. One fulfillment center is already under construction in Białe Błota near Bydgoszcz, while the construction of the second, in Bydgoszcz itself, will start at the beginning of 2022. The investment extends the group's European logistics network and is a response to the growing popularity of Zalando's shopping club, Zalando Lounge.

Jet Industrial Lease has bought a 54,000 sqm portfolio of five industrial buildings in Poland from Vestinlog, part of the KKCG group. The value of the transaction has not been disclosed.

19 construction groups listed on the Warsaw Stock Exchange reported nominal revenue growth of 10% y-o-y over the past four quarters, which was driven by the continued hike in prices of labour and building materials. Also, the aggregate net profit posted by companies in this group improved substantially as it grew by PLN 1.3 billion over the year, though it was mostly due to one-off market developments. Notwithstanding that, the profit margin figures reported by the listed construction companies are still worse that results delivered by developers and suppliers of building materials and construction equipment.

Futureal Investment Partners has acquired the Galeria Bemowo shopping centre in Warsaw, Poland. The value of the transaction remains undisclosed.