ARTICLES LABELLED WITH TAG Poland

According to a report prepared by Newmark Polska, at the end of the second quarter of 2022, Poland’s total warehouse and industrial stock amounted to over 26.1 million sqm, representing a 19.5% increase on the same period in 2021. New supply in the first half of the year surpassed 2.4 million sqm, of which close to 53% was delivered in the first three months, marking the best quarterly result in the history of the Polish market.

DHL Supply Chain has begun the construction of a logistics facility in Gorzów Wielkopolski with a planned total area of 110,000 sqm.

First Property Group has acquired another 7,171 sqm (or 32.1%) of Blue Tower in Warsaw city centre, bringing its ownership of the property up to 80.3% (17,937 sqm).

Panattoni has leased out 17,000 sqm in Lublin to Stella Pack, one of the largest distributors of chemical cleaning products and a producer of hygiene products. The leasing agreement was brokered by consultancy BNP Paribas Real Estate.

The Polish office market has more than 12.6 million sqm of modern space at the end of Q2 2022. Traditionally, Warsaw remains the leader in total stock, with eight major regional markets led by Krakow and Wroclaw not slowing down. An example is Tricity, which joined the ranks of office millionaires in the second quarter of this year. Optimism from rising demand is emerging from the market picture. AXI IMMO presents a data summary for the first half of 2022 on the Polish office market.

HOP, a post-modern office building from the 1990s has undergone a thorough upgrade thanks to Syrena Real Estate. The process lasted nearly a year and reached completion with the opening of the Lupo Pasta Fresca restaurant by  Warsaw restaurateur Justyna Kosmala, owner of Charlotte and the Wozownia Bar. The office building has also recently obtained the BREEAM in Use certificate at the EXCELLENT level and Barrier-Free Facility awarded by the Integration Foundation. The HOP is the first of two development projects in Syrena RE’s portfolio with PineBridge Benson Elliott to undergo such transformation. Work on the other project, the Marynarska Business Park, is underway.

BIG is expanding its operations in Europe and entering the Polish market for the first time by purchasing two open commercial centres in Poland with a total value of €65 million.

Adgar Poland has acquired the Renaissance Tower office building in Warsaw's Wola district from Octava Property Trust. The price has not been disclosed.

Elite Partners Capital has completed an off-market acquisition of a warehouse in Radomsko, Poland for close to €30 million. This marks the firm's third purchase within a span of six weeks, after announcing acquisitions in UK and Netherlands. 

The Delta Trans Group, a provider of logistics services with over 30 years of presence in the Polish market, has renegotiated and expanded its lease to around 17,000 sqm of warehouse and office space in Ruda Śląska in a property managed by Savills Investment Management. The tenant was advised during the renegotiation process by experts of real estate advisory firm Newmark Polska.