From July onwards, entrepreneurs in Poland will decide whether to apply the split payment mechanism (SPM). As announced by the Polish Ministry of Finance, entities making split payments will be considered to be entrepreneurs of strong commercial integrity and business professionalism. Experts of Cresa Poland and tax specialists of Crido Taxand say whether it advisable to make use of the new regulations in their joint review “Commercial Real Estate Tax & Business Digest”.

Żabka Poland opened a new warehouse facility with the area of 24,700 square meters. The new logistics centre leased by the owner of the convenience store chain is located in the MLP Gliwice park owned by MLP Group.

Globalworth announced the closing of the acquisition of Quattro Business Park in Kraków by Globalworth Poland.

Cushman & Wakefield has expanded its Project & Development Services (PDS) team, to include a new Design & Build (D&B) platform. The new European service line is headed by Glyn Evans for the CEE region, based in Prague. Andrew Frizell, Partner and Head of Project Management CEE is leading the new service line in Poland supported by Glyn Evans.

Panattoni Europe commenced the construction of a new distribution centre near Warsaw. Completion of the first part of the investment is anticipated in February 2019. The lease transaction was mediated by the advisory firm JLL.

Regional cities in Poland are attracting an increasing number of tenants and more development activity. Cresa analysed the office markets of Wrocław, Łódź and Tricity.

First Property Group buys acquired the principal operating companies owning the majority of properties situated in Kraków Business Park (KBP).

Savills has been appointed property manager of Arkada Business Park, a Class A office complex in Bydgoszcz. The building has already received an occupancy permit.

In Q1 2018, Poland’s total warehouse and industrial stock amounted to more than 14.15 million sqm and another 1.90 million sqm was under construction, the largest quarterly development pipeline on record. Central Poland was the leading regional market, accounting for more than half of new supply and most of the leasing transaction volume.

The Bitwy Warszawskiej Business Center has received the BREEAM IN-USE certificate with a “Very Good” rating in Asset Performance and Building Management. The audit was conducted by Cushman & Wakefield. CA Immo is the owner of the office building.