ARTICLES LABELLED WITH TAG Poland

Aroundtown has acquired an 11.8 percent stake in Globalworth. Aroundtown is a real estate company with a focus on properties with added value potential in central locations in top tier cities, primarily in Germany and the Netherlands.

Accolade will invest almost €30 million in two warehouse buildings in Częstochowa with a combined area of ​​30,400 sqm. The two buildings at Panattoni Park Częstochowa are currently under construction with completion scheduled for February 2020.

In the third quarter of 2019, Łódź’s total office stock reached almost 518,000 sqm, surpassing the long-awaited half a million sqm mark, says Cresa Poland in its latest report.

The aggregate net profit of the 30 largest commercial property developers in Poland hit an all-time high of €230 million (PLN 985 million)  in 2018, which translated into a net profit margin of 25%. The latest data from the investment transaction market and property developers’ interim financial statements indicate that 2019 can be as good a year as 2018 was for the industry in terms of profitability.

The Polish industrial market remains in very good health, with warehouse supply hitting a record high and robust occupier demand. Cushman & Wakefield summarised the third quarter of 2019 on the industrial market in Poland in its latest report.

Poland’s total retail stock topped 15 million sqm at the end of Q3 2019. The high shopping centre density rate in the country’s large cities has shifted developer interest towards less saturated markets of smaller cities and other retail formats such as mixed-use schemes, according to Cushman & Wakefield’s Q3 2019 retail report.

2.5 million sqm was leased in the first three quarters of 2019 and by the end of the year, demand will most likely exceed 3 million sqm. 2019 has seen developers deliver two million sqm to market, with a total stock now stands at almost 18 million sqm. JLL summarised the situation on Poland's industrial market at the end of Q3 2019.

Building H, the recently handed-over eighth component of the Bonarka for Business (B4B) project of TriGranit in Kraków, reached an occupancy rate of 60%. This Class A building, with an overall rental area of approx. 10,000 sqm, was handed over for use in April this year, simultaneously becoming the new office of, among others, the Aterima company, a long-time B4B tenant. Due to the large demand in Kraków for Class-A offices, TriGranit plans to construct two more buildings in the office complex (I and J), with a rental area of approx. 10,000 sqm each.

Sales numbers for new housing units in Warsaw in the first three quarters of 2019 amounted to 17,500, which was an increase of 7% y-o-y. In 7 out of 18 districts in the capital, the average prices of units on offer exceeded €2,500 (PLN 11,000) per sqm, according to JLL.

Apsys has refinanced the Centrum Posnania retail asset with a 10-years maturity, €300 million senior loan from Allianz - completed by Allianz Real Estate on behalf of several Allianz companies - and that it now owns 100% of the 100,000 sqm property in Poznan, Poland.