ARTICLES LABELLED WITH TAG Poland

Panattoni has secured financing from mBank for its latest project in the Małopolska region of Poland. The €26 million funding will be used to develop the new logistics complex, Panattoni Park Kraków East V.

With warehouse and industrial stock of nearly 35 million sqm, Poland’s market has stabilised at a healthy level. In 2024, take-up rose by 4 per cent year-on-year. Meanwhile, development activity slowed significantly, with only 1.75 million sqm under construction in December, down from 2.8 million sqm at the same time in 2023 and from over 4.6 million sqm at its peak in 2021, says Newmark Polska. 

The European Bank for Reconstruction and Development (EBRD) is providing a regional loan of up to €120 million to AFI Europe to support its development pipeline in Serbia, Poland, Romania, and Czechia. 

Ewa Andrzejewska, Chief Operating Officer at Polish Chamber of Commercial Real Estate (PINK), has talked to Property Forum about the improving conditions in the office market in Poland, the never-ending turmoil over REITs and incoming legislative changes.

More than 2.6 million sqm of industrial and logistics space was delivered across Poland in 2024. While this was below the new supply levels recorded in previous years, the Polish market remains in good shape. Vacancy rates edged down, with development activity driven by demand coming from retail and 3PL, according to BNP Paribas Real Estate Poland’s latest report. 

At the end of 2024, there were more than 22,300 units in the PRS sector in Poland, of which around 26% were brought to market last year. In terms of project supply, Warsaw's dominance is evident. The sector is expected to grow to over 35,000 units in the next three years. The latest JLL report indicates the rapid development of the institutional rental market and the growing interest of investors in this sector.

Jolanta Sarnowska, Director of Real Estate Finance at BNP Paribas Polska, talked to Property Forum about the asset classes considered safe by banks in Poland, the impact of the ESG issues on financing availability and the current stance of the western investment funds.

Accolade will deliver another BTS facility for one of the Poland’s largest private courier operators. The warehouse will cover 11,400 sqm and will be part of Panattoni Park Lublin IV, where Accolade already owns two buildings totaling 52,000 sqm.

Echo Investment has secured refinancing worth €61.4 million for the Libero Katowice shopping center. The loan was granted by a consortium consisting of Bank Pekao S.A. and PKO Bank Polski S.A. The entire retail space at Libero is leased – the center features over 150 stores and service outlets.

Deutsche Pfandbriefbank AG (pbb) has underwritten an investment facility, totalling €120 million to refinance a logistics portfolio located across Poland for EQT Real Estate. pbb acted as arranger and sole lender under the facility.