ARTICLES LABELLED WITH TAG 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.

P3 Logistic Parks has started construction of the final warehouse - comprising 77,630 sqm - at its Poznań park, located in a convenient location between Berlin in Germany, and Warsaw in Poland. Almost a third of the new space, 25,507 sqm, has already been leased to the logistics company Kurier, owned by VAN group.

Panattoni is extending Panattoni Park Wrocław West Gate. The building now under construction is to be occupied by international logistics operator Hellmann Worldwide Logistics Polska sp. z o.o. sp.k., which is to take up 16,200 sqm within the next few months. After the expansion, the park will have an area of around 46,900 sqm and Panattoni will come close to having developed 2 mln sqm in the Wrocław region.

Cavatina Group starts Cavatina International and plans to expand its portfolio of the living sector’s projects not only in Poland but also in foreign markets. Jason Drennan, a manager with more than 20 years of investment experience in Europe and the US, and more than 15 years connected with the real estate market will be responsible for the new platform development. First, together with leading international institutional investors, the company intends to expand its current portfolio of apartments for rent created under the Resi Capital brand from 2,000 to 10,000 units, focusing on environmentally certified projects.

According to Newmark Polska, Poland’s total warehouse and industrial stock surpassed the 25 million sqm mark, representing a 16.6% increase in the same period in 2021. New supply in the first three months of this year reached close to 1.3 million sqm, the best quarterly result in the history of the Polish market.

Cushman & Wakefield has released a report summarizing the first quarter of 2022 on the Polish industrial market. According to its data, total warehouse take-up in the first three months of this year reached 1.56 million sqm while the development pipeline hit a record 4.8 million sqm.

Xior Student Housing has signed a deal with Basecamp Group, European Student Housing Fund I and European Student Housing Fund II to purchase Basecamp's portfolio of private student accommodation for €939 million.

Chicago, Houston, New York, San Francisco and Warsaw have over 40% of their total office stock certified ‘green’, making their office markets some of the most environmentally sustainable in the world, according to Savills World Research. But in many major cities there is a significant disconnect between city governments’ ambitious net-zero targets and the green credentials of existing stock.

Construction work has started on Panattoni Park Piła in Poland’s Wielkopolska province. The 44,000 sqm logistics park is already 90 pct leased – with Signify having taken up 33,500 sqm.

According to Savills latest research, over 5.7 million sqm of new office space will be completed in Europe in 2022, of which 49% is currently pre-let. In Warsaw, Savills forecasts that a rebound in demand and an undersupply of new office stock will translate into visibly shrinking availability.