ARTICLES LABELLED WITH TAG Poland

According to a report published by Newmark Polska, in the third quarter of 2024, both leasing and development activity on the Warsaw office market remained largely consistent with the levels recorded in the previous quarter. Office take-up, previously dominated by renewals, saw a notable increase in pre-lets which accounted for 22% of the total leasing volume. Meanwhile, Warsaw’s vacancy rate continued its downward trend observed since the beginning of the year.

Experts from Cushman & Wakefield note in their latest report that the residential sector in Poland is developing ESG strategies focused on environmental aspects. However, PRS and co-living investors are also undertaking community-oriented initiatives.

Panattoni has been granted a loan for the development of a new distribution centre for a large retailer. The €36.5 million loan was granted by BNP Paribas. The BTS centre is to be built in Szczecin and will comprise an area of over 54,000 sqm.

W. P. Carey, a leading net lease REIT specialising in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, has announced the sale-leaseback of 123 retail stores in Poland. 114 stores were acquired in July, with the remaining nine stores acquired in September. The portfolio is triple-net leased to Żabka, a leading Polish convenience retailer, for a term of 20 years.

LeadCrest Capital Partners, the first fund dedicated to sale-leaseback and build-to-suit investments in Europe, has secured BREEAM In-Use certification across its entire Polish logistics portfolio.

This year the Polish investment market has been dominated by two strong foreign players, coming from the UK and the Czech Republic. Investors from the latter country are increasingly and more generously placing capital in the Polish property market. The growth over the last two years has been impressive, comments Szymon Mojzesowicz, a Polish real estate market expert.

P3 Logistic Parks has delivered a new built-to-suit warehouse at P3 Piotrków Park for InPost, providing an additional 38,404 sqm of space.

Revetas Group announces the disposal of the Trinity One class-A office complex in Warsaw to Longvilliers. The terms of the transaction were not disclosed.

Panattoni is constructing a fully robotic BTS (built-to-suit) distribution centre for Auchan Polska. The centre in Wilcza Góra near Warsaw is to service Auchan’s customers from its updated internet platform. Within the centre, all operations are to be automated using proprietary systems from Ocado based on artificial intelligence and machine learning. 

Cushman & Wakefield has summarised the situation on the Warsaw office market for the third quarter of 2024. Office take-up, both in leasing volumes and transaction numbers, was comparable to that recorded in the same period in 2023. Meanwhile, muted development activity, falling vacancy rates – particularly in central locations – and shrinking land availability are likely to encourage investors to launch redevelopment projects.