ARTICLES LABELLED WITH TAG Poland

Warehouse developer LCube has started preparations for the implementation of his next investment. In Mszczonów, on a plot of approx. 8 ha, a facility of approx. 35,000 sqm is to be built.

Industrial parks built five or ten years ago are as good as new facilities in many respects. Constructed in prime suburban and well-connected locations, they continue to be upgraded. Most importantly, however, they offer ready-to-occupy and relatively competitively-priced warehouse space, says Michał Kozar, Associate, Industrial and Warehouse Department, Newmark Polska.

Bank Pekao S.A. completed the €10 million refinancing project of a retail park portfolio owned by Newbridge Poland. The investor was advised in this process by the Avison Young investment team.

Monika Bronicka, Director and Head of Valuation and Advisory at Avison Young talked to Property Forum about the current challenges to the valuation of properties under rapidly-changing market conditions in Poland.

P3 has finalised the purchase of its third plot in Southern Poland. The acquisition is P3’s first investment in Upper Silesia, the second-largest warehouse market in the country.

7R, a Polish developer specialising in providing warehouse and industrial space, has published its first ESG report, setting sustainable development goals until 2025. The company's priority is to strive for climate neutrality and to support customers in this regard. 7R declares that ESG is the foundation of its operations and is part of a long-term strategy of increasing the value of the company itself and its products, which benefits tenants, investors, local communities and employees.

Cushman & Wakefield continues its partnership with GTC to provide community building services for the company’s office buildings. By coordinating its activities as part of its proprietary “WakeApp Your Office” scheme, Cushman & Wakefield is responding to the challenges experienced by office tenants and landlords in encouraging employees to return to the office post-pandemic.

Panattoni has leased out over 15,100 sqm to Chines e-commerce giant, JD International Logistics in its newly completed Panattoni Park Nadarzyn. The developer has also completed the process of the building’s certification in the BREAAM International New Construction system at the level “Excellent”. With a score of 78.4 percentage points the building has become the most ecological construction in Poland. The lease to JD.com was mediated by consultancy M4 Real Estate.

Kajima Properties has completed the development of one of Gdansk’s first built-to-rent schemes. A joint venture with local investor Tonsa and Olivia Business Centre, it marks Kajima’s first built-to-rent project in Poland and delivers a range of units from studios to three-bedroom family apartments. The building has been incorporated within the new @Home operational platform and has quick access to central Gdańsk, Olivia Business Centre and the rest of the Tri City area. The 3,185 sqm building has been fully let.

PRS (private rented sector) investments, which have been popular in Western Europe for years, are increasingly developing in Poland. In 2021, residential rental investments accounted for €0.6 billion of the capital invested in the country. In response to the needs of this rapidly growing sector, Colliers, as one of the first companies in the market, launched its PRS investment management and commercialization service. The first project of this kind in Colliers’ property management portfolio is one of the newest investments of Atrium European Real Estate in Kraków's Krowodrza district.