ARTICLES LABELLED WITH TAG Poland

Face2Face Business Campus, an office complex in Katowice with a combined area of close to 50,000 sqm, has a new property manager. Its owner, a joint venture of the Czech fund INVESTIKA realitní fond and Luxembourg-based private equity investor Bud Holdings, has instructed Savills to provide property management for the complex.

According to a report published by Newmark Polska, in 2022 Poland’s regional city markets overtook Warsaw in terms of total modern office stock. Their overall vacancy rate held firm amid moderate development activity.

In 2022, Karimpol Polska signed 11 leases with a total area of nearly 22,200 sqm in Skyliner, its flagship project in Warsaw’s Wola district. The commercialisation of the building has reached 80%. CBRE Poland has brokered the lease of all spaces.

GTC closed the year by achieving a high occupancy rate for its office buildings in Warsaw. Particularly important for GTC's results was a contract-laden end of the year. The company signed office leases from its Warsaw portfolio for nearly 20,000 sqm, 34 percent of all transactions were new tenants.

Real estate investment volumes in CEE reached almost €10.7 billion during 2022, up 6.6% compared to the previous year, with Poland accounting for 54% of all transactions, trailed by the Czech Republic and Romania with shares of 14% and 12%, respectively, according to a report by Cushman & Wakefield Echinox. 

Waldemar Wasiluk, Vice-President of the Management Board and CFO of Victoria Dom, one of the largest residential developers in Poland, talked to Property Forum about the current difficult situation in the market, the interest of the PRS investment funds and the cautious approach of financing entities.

Demand for Warsaw offices remains at the level we saw during the market boom, despite the fact that many tenants are optimizing their floor space, says Walter Herz.

Panattoni has purchased just under 35 hectares of land and is to start construction work as soon as February this year. Panattoni Park Poznań A2 is to have a build-out area of almost 150,000 sqm. The development is to be situated near a junction on the A2, where the motorway crosses the S11 expressway. One building with an area of 82,000 sqm is to be occupied by a giant of the clothing industry while the remaining 62,000 sqm is being developed speculatively.

Develia S.A. signed a PSPA (preliminary sale agreement) with an entity from Adventum Group for Wola Retro, a prime office building located in Warsaw. The price agreed is ca. €69.8 million. Closing is expected by the end of April 2023.

Saying goodbye to 2022 means welcoming a year of uncertainty for the fourth time in a row. Two pandemic years, war in Ukraine, historically high inflation and the upcoming spectre of recession have forced the Polish investment market to cope with tough times, says Avison Young Poland