ARTICLES LABELLED WITH TAG Poland

pbb Deutsche Pfandbriefbank has provided an investment loan facility totalling €115 million to a fund managed by the Real Estate Group of Ares Management Corporation (Ares), which will utilise the proceeds for the acquisition financing of a logistics portfolio in Poland. pbb acted as arranger and sole lender under the facility.

In 2020, we saw a significant shift in the perception of warehouses and the role they play in the economy. Investors now see them as highly valuable assets. Tomasz Lubowiecki, President of the Board at Polish logistics developer 7R talked to Property Forum about prosperity on the warehouse market, last mile logistics and difficulties around nearshoring.

Polish developer Cavatina Holding, which has been active in the regional cities of Poland, has recently announced plans to go public. Rafał Malarz, CEO of the company talked to Property Forum about investing in large mixed-use projects, the future of the PRS sector in Poland, possible changes in the retail and office markets and shared some details about the upcoming IPO.

Henley Investments, a private equity real estate firm based in the UK, has purchased its first Polish shopping centre, Galeria Pestka in Poznań, from a global investment manager.

The Swedish developer launches the construction of another building in the Nowy Rynek complex in Poznań which is going to consist of approx. 28,500 sqm of office space. It will apply for a WELL Core&Shell certificate. The commissioning is scheduled for Q2 2023.

The B&B Hotels Group secured its financial situation by acquiring €180 million, of which €100 million are funds from the launched bank loan, and €80 million is the result of a capital increase. This will allow the implementation of new development plans in Europe and in the world. Additional funds will be allocated to the continuation of acquisitions and construction of new hotels in the next 5 to 10 years, also in Poland.

In 2020, Echo Investment achieved a net profit of PLN 122 million, which was the result of hand over 1,505 apartments to clients, growth in value of the commercial projects under construction, as well as completed Resi4Rent projects.

The pandemic brings a substantial evolution rather than a catalyst for a revolution. It accelerates ongoing changes in real estate strategies that otherwise would have taken years to implement, says Arkadiusz Rudzki, Executive Vice President of Leasing & Sales at Skanska office development in CEE, who shared his thoughts on workplace trends with Property Forum.

Patrizia has appointed JLL as the commercialization agent for its office portfolio in Poland, consisting of eight buildings with space totaling approx. 65,000 sqm. JLL acts as a partner of MVGM, the new property manager of Patrizia’s portfolio.

The authorities of Gdynia state that the maximum amount of useable residential floor space that the city needs by 2045 could be as high as 11.29 million sqm. With this much space around 266,000 people could live in the city – currently, there are around 246,000. For the city's further development both public and private investment is needed. The restrictions imposed because of the pandemic have harmed both sectors. The city of Gdynia has announced that most of the planned investments will be completed, some will be delayed, and others are to be developed as PPP projects.