ARTICLES LABELLED WITH TAG Poland

More and more companies are returning to their offices by implementing a hybrid model of work. The prolonged use of this working model has translated into a lower volume of transactions. The technology sector still remains the most active. Advisory company JLL summarizes the situation and future development perspectives for the Polish office market at the end of Q3 2021.

Resi Capital, PRS subsidiary of Cavatina Holding has bought an 11,590 sqm plot located on Tuwima Street in the New Center of Łódź area (Nowe Centrum Łodzi). JLL advised the vendor during this transaction.

This year’s value of transactions on the investment land market in Poland is already record-breaking.

MLP Group is set to carry out another bond issue worth €20 million. The debt securities will be issued on November 17th 2021 and repurchased on May 17th 2024.

Gdańsk based developer EDS Retail Park has won the bidding to buy six Tesco stores, which it intends to convert into retail parks with a total of 29,000 sqm GLA.

Adventum Investment Fund Management, the CEE-focused real estate investment manager, has completed the second close of its latest fund, Penta in October 2021. The second acquisition of the Fund is the Mercedes Benz Headquarters in Warsaw which was developed in 2004 by the Daimler Group.

In Q3, the commercial real estate investment market revived and was accompanied by a much greater optimism than during the previous periods of 2021. Logistics and industrial space are still the leaders among the sectors. An important event was again the change of ownership of the Warsaw Metropolitan office building, the value of which exceeded PLN 1 billion

Savills has been instructed as the exclusive leasing agent for Crown Square, an office building at 31 Przyokopowa Street in Warsaw’s Wola district, right next to the Rondo Daszyńskiego metro station.

Panattoni has been chosen by Alibaba's logistic arm Cainiao to support AliExpress, the global online marketplace part of Alibaba Group, visited by hundreds of millions of shoppers each month. Its warehouse of over 10,000 sqm in Panattoni Park Łódź West will be devoted to servicing AliExpress sellers. The facility will serve as a fulfilment centre for AliExpress merchants shipping products directly from Poland and is the first major investment in fulfilment infrastructure made to support AliExpress merchants serving the Central & Eastern European Region. The centre will also play a strategic role in the company’s deliveries to the Czech Republic, Slovakia, Germany, and Austria. 

According to Savills, investment in the European real estate market is forecast to exceed last year’s level by at least 15% and reach around €270 billion in 2021, with the living sectors and logistics markets likely to account for a significantly higher proportion of total investment than their historic averages. Preliminary estimates of the investment volume in Poland after the third quarter of this year show the absolute dominance of the logistics sector.