Due to the increase in prices of electricity, utilities, services and minimum wage, as well as local taxes and fees, experts from Avison Young Poland are experiencing significant increases in operating costs in office buildings this year. In Warsaw, depending on the class of the property and the components of the operating costs, they have observed an increase ranging from 15% to as much as 30-40%. Tenants are now paying particular attention to the components of the settlement that may vary depending on the building, as well as technological solutions that allow for reducing utility consumption.

Panattoni has launched construction work on Wrocław Campus – its largest project in Lower Silesia – where it has already delivered 185,000 sqm. The developer has just begun the development of a 30,000 sqm building. Upon its completion in Q1 2024, the construction of a further 130,000 sqm is planned. The development costs for the two new buildings come to €116 million.

Kostal Automobil Elektrik, a German-headquartered system supplier to the automotive sector, has signed a lease for over 17,000 sq m of manufacturing space in Panattoni Park Lublin IV. The company was advised on the choice of location and during the negotiations by Cushman & Wakefield.

Panattoni has completed the development of a production plant for Reynaers Aluminium, a global supplier of aluminium profiles. It has been built in Żabia Wola just 35 km from Warsaw. The development has undergone BREEAM certification for a rating of Excellent. 

Despite numerous challenges, businesses in retail and manufacturing view their current state better than they did a year ago. The sentiment of warehouse tenants is presented in the latest Confidence Index report jointly prepared by CBRE and Panattoni.

Żabka Group has unveiled its automated logistics centre in Radzymin, just outside Warsaw. This facility is the largest and most technologically advanced addition to Żabka Group's logistics infrastructure. Enhanced with an automated high-bay warehouse and an internal transport system, the centre has been specifically designed to expedite logistics services for the Group’s stores.

According to a new report by JLL, total retail space under construction in Poland totalled 387,000 sqm at the end of Q1, with 69% generated by retail parks. In addition, nearly 94,000 sqm of the first quarter’s total was attributable to shopping centres with the largest projects being the Sukcesja shopping centre in Łódź (currently undergoing renovation), the Bawełnianka shopping centre in Bełchatów (already opened in April), and Galeria Goplana located in Leszno. The convenience retail format had the sector’s smallest percentage share in space under construction.

According to Savills, growth in prime rents is set to remain robust across the continent having increased by 10.4% in the last four quarters. This is despite vacancy creeping up to 3.5% in Q1 2023, reflecting the impact of slower leasing activity.

Barceló Hotel Group has opened Barceló Warsaw Powiśle, a 4-star hotel with 151 rooms and suites at the Elektrownia Powiśle complex in Warsaw.

Resi4Rent has announced on LinkedIn that it has secured financing worth PLN 613 million to expand its portfolio of PRS flats. The funds raised will be used to build 2,700 new units in Kraków, Wrocław, Poznań and Gdańsk.