ARTICLES LABELLED WITH TAG Poland

Excavators have entered the construction site of the office building Face2Face Business Campus located in Katowice. The new project of Echo Investment will offer 21,000 sqm of space.

Skanska has opened its fifth office building in Wroclaw. The 18,000 sqm Green2Day complex’s tenants include KPMG, Ultimo, Tieto, Natek and Enel-Med. The Business Link, a coworking network, is also establishing a branch in the building.

Deka Immobilien has instructed real estate advisory firm Savills to lease another seven office buildings: Atrium One, Helion, Luminar, MatchPoint A and B as well as Mokotowska Square in Warsaw, and Andersia Tower in Poznań. Savills will continue to act as an exclusive leasing agent for Grzybowska Park, International Business Center and North Gate.

The Polish industrial market set three records in H1 2018, according to Cushman & Wakefield. The leasing volume hit 2,100,000 sqm – the highest in the first six months of a year, the vacancy rate fell to an all-time low of 4% (573,000 sqm) and the volume of warehouse space under construction set a new high of 2,250,000 sqm across 66 projects.

Business services centres occupy more than 2.5 million sqm on the Polish office market according to new estimates by JLL. Traditionally, the business services sector has the highest percentage of occupied office space in Kraków (61%).

PKO Bank Polski has granted an investment loan of €186 million to EPP for the refinancing of two assets, the Galeria Echo shopping centre in Kielce and the O3 Business Campus in Kraków.

Atenor became the new owner of a Warsaw office complex comprising 2 office buildings with a total area of approx. 32 000 sqm, located in Mokotow. This is the first acquisition completed by the company on the Polish market.

Office supply on the Tricity market keeps breaking new records with the average annual growth at 9% for the last five years. Tricity is currently Poland’s third-largest regional office market (excluding Warsaw) and continues to strengthen its position, according to Cresa’s report.

The record-breaking era of the Polish retail sector is over now. The market is shaped by limited supply, increased competition, the growth of e-commerce and the aftereffects of the ban on Sunday trading. As pointed out by experts at BNP Paribas Real Estate Poland, in H1 2018 developers operating on the Polish market completed and delivered approx. 191 000 sqm of modern retail space, out of which 110 000 sqm appeared on the market between April and June. As expected, further 300 000 sqm of new supply will be delivered by the end of the year.

Krakow retains the crown as Poland’s largest regional office market as it saw its office stock rise by 17% in the past year to 1.16 million sqm, says real estate advisory firm Cresa in its latest report.