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.

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.