ARTICLES LABELLED WITH TAG Poland

The Polish warehouse market remained stable in Q1 2022, with a slight decrease observed on the demand side with 1.56 million sqm leased (-2.5% y/y). On the supply side, developers completed over one million sqm (+44% y/y) projects. A record-breaking 4.9 million sqm remains under construction, with factors such as inflation and rising material and contractor prices driving rental rates up. Not without matter for the entire sector is the geopolitical situation behind Poland's south-eastern border, which may temporarily increase the demand of tenants relocating their business from Eastern Europe in the following quarters of the year. AXI IMMO presented the results of the Polish warehouse market in the period January - March 2022 in the report "Polish Warehouse Market in Q1 2022".

According to the latest, fourth edition of a survey conducted by Zymetria (an analytical and research company) on behalf of Skanska's commercial development business unit, after two years of the coronavirus pandemic, 9 out of 10 Polish office employees believe that the traditional office is irreplaceable. Today, more than half of Poles work in a hybrid model – this translates to an almost double increase compared to May 2021. In addition, the hybrid is also the most preferred way of working – it is favoured by 70% of the respondents.

Morska Agencja Gdynia sp. z o.o., a specialist provider of sea, land and rail freight services, will become a tenant of one of the two buildings of Panattoni Park Tricity East V. It has leased 22,800 sqm of warehouse space in a build-to-suit facility. The tenant was advised on the choice of location and during lease negotiations by real estate advisory firm Newmark Polska.

Radomił Charzyński, Partner, Real Estate Practice and Deputy Managing Partner at Greenberg Traurig Poland talked to Property Forum about the impact of the war in Ukraine on the Polish property market, current financial conditions and consolidation forecasts.

Centerscape Investments has closed the acquisition of a retail park portfolio from Hunter REIM. Avison Young represented the seller in the transaction.

Panattoni is opening up another market - this time the developer has chosen Radom, the largest city in Mazowsze following Warsaw. The Panattoni Park Radom distribution centre, which will have an area of 44,200 sqm at full build-out, is being constructed 10 minutes from the S7 and 10 km from Warsaw-Radom airport. The first two buildings with a combined area of 13,500 sqm are to be completed at the end of 2022/beginning of 2023 and they already have tenants from the logistics and grocery sectors. 

The Polish warehouse market continues to strengthen its European position. The market’s already high demand was further boosted in Q1 2022 by increased activity in the manufacturing sector.

As part of its 2022 Savills "Impacts" research programme, the global logistics sector has the wind behind it for the foreseeable future, with the main drivers being ecommerce, and the race for additional warehouse space to secure international company supply chains.

Multi Forum is a multi-tasking facility management application developed for Multi Corporation by a Dutch proptech startup. Data from several Multi managed shopping centres across Europe shows efficiency benefits. The Multi Forum app is now used in five out of the six shopping centres managed by Multi in Poland.

Andrzej Mikołajczyk, Managing Director of CA Immo Poland has answered Property Forum’s questions about the current attractiveness of Polish office assets, the expected supply gap and recent investment transactions.