ARTICLES LABELLED WITH TAG Poland

CBRE Investment Management, on behalf of one of its Pan-European funds, has completed the off-market acquisition of a fully-let portfolio of logistics assets in Poland, from 7R SA. Comprising a total of 44,844 sqm, the portfolio consists of 7R Park Poznań East and 7R Park Sosnowiec.

GARBE Industrial Real Estate announces new appointments to bolster expansion plans for Poland. Karolina Ballard and Maciej Kuklewicz will spearhead the operations of the company's newly established Warsaw branch office.

Due to the expansion of 7R's development business, the company's board has appointed Bartlomiej Krawiecki as Vice-Chairman of the Management Board and Chief Operating Officer (COO). In his new role, effective from September 2021, Bartłomiej Krawiecki is responsible for implementing 7R's development strategy in Poland and foreign markets. Łukasz Jachna also joins the company's management board, and from October this year, will be Chief Capital Markets Officer.

The expansion of Galeria EMKA in Koszalin has started - it will be a new retail park, which will be connected to the existing facility. The new phase will have 9 tenants with an area of approx. 10,000 sqm. The LCP has just signed a contract for the general contracting of the EMKA Retail Park project and the main contractor will be MIRBUD S.A. The planned commencement of works will start in the upcoming week. Currently, the area is being prepared for the first stage of works, which will be the adaptation of the existing infrastructure, and then earthworks will begin, which will take another 2 months.

Trei Real Estate GmbH, an international developer and asset holder for residential and retail real estate, has opened its 27th retail park of the Vendo Park brand in Poland. The property is located in Inowrocław in the Kuyavian-Pomeranian Voivodeship. The town lies on the bank of the River Noteć 100 kilometres north-east of Poznań, has a population of around 70,000 and is renowned for its saltwater baths. The new retail park, which is let to nine retailers as well as to a supermarket, provides a total leasing area of 5,000 square metres and a total of 242 car parking spots. The investment volume adds up to a total of €6.4 million..

Maciej Dyjas and Nebil Senman, Managing Partners at Griffin Real Estate have talked to Property Forum about investing in new opportunities, the future of the retail and changes in the office market.

The trade sector, greatly weakened by the pandemic, has gained a new investment niche. This year, the increased activity of investors, now mainly focused on the construction of retail parks and convenience centres, will result in the largest growth of these facilities in the history of the Polish market.

The social media giant has opened its operations centre in Olivia Centre in Oliwa district of Gdańsk. In the first phase, 80 places were created, and by 2023 the team will expand to 500 people. The branch will support companies from the SME sector with their promotional campaigns on Facebook and related applications.

Leach & McGuire have signed an agreement to start work on two buildings that Heimstaden purchased in Warsaw earlier in 2021 from Marvipol, specifically ‘Unique Tower’ on ul. Grzybowska comprising 136 apartments and ‘Moko’ (Botanika) on ul. Bokserska featuring 477 residential units.

Retail began to transform well before the COVID-19 pandemic. It has, however, evolved a lot faster than expected and the pandemic has created a whole new environment that all market participants have to learn to navigate. Cushman & Wakefield has issued its latest report “Is Confidence Returning to the Retail Market?” highlighting what the retail market looks like from the perspective of tenants, landlords and customers.