ARTICLES LABELLED WITH TAG Poland

Linklaters has advised the Czech investor Investika realitní fond, OPF on the acquisition of the Szyperska Office Center office building in Poznań from Wechta Nieruchomości sp. z o.o., which is a company from the group of one of the largest developers in Greater Poland.

European warehouse property developer MLP Group is set to build a BTS facility for a European logistics operator. The tenant was assisted by a team of specialists from JLL during the transaction.

Consistent implementation of planned investments now requires companies to search for alternative ways of raising capital.

Sale and leaseback transactions (S&LB) in Europe reached a total of €8.4 billion in 2020, 8.5% higher than the five year average, with the trend set to continue into 2021, according to Savills. Also in Poland, Savills sees an increasing number of companies willing to take the sale and lease back route mainly in industrial and retail sectors.

Manufacturers of facade products were successful in generating a little over PLN 3.6 billion (€800 million) in revenue in 2020 in spite of slower activity in the building construction sector, especially in the non-residential segment, according to the findings presented in the report released by research company Spectis entitled “Facades and facade materials in Poland 2021-2026”.

Warsaw is one of the top ten cities for data centre development in the category of power cost and environmental risk, reveals a new report from Cushman & Wakefield. In addition to Warsaw, the top ten markets for data centres by industrial power cost include Montreal, Reykjavik, Johannesburg, Portland, Vancouver, Salt Lake City, Dallas, Atlanta, and Seattle, with some focusing on the use of renewables, thereby offering the lowest costs in the long term.

Panattoni is building another logistics centre in Western Pomerania - Panattoni Park Stargard. The development will comprise three warehouse buildings with a combined area of 172,000 sqm. The main advantage of the project will be its location just next to a transport corridor from Scandinavia to the north and a direct road to Berlin. The construction work is scheduled to start this year.

The construction of a slurry wall as part of the construction of the Infinity office building in Wrocław has begun. The office project, which is being developed in the very heart of Wrocław, at John Paul II Square (the junction of Legnicka and Nabycińska Streets), will offer in total almost 22,000 sqm of leasable area. Eiffage Polska Budownictwo S.A. is responsible for the implementation of the current stage of works. The investment is scheduled to be completed in Q1 2023.

In 2020, Globalworth’s Net Operating Income increased by 6.5% to €157.3 million, despite the negative effect (-2.3%) of the COVID-19 pandemic. The company announced its unaudited financial results for 2020.

Cavatina Holding has obtained an occupancy permit for the first building completed within the Ocean Office Park complex in Kraków.