ARTICLES LABELLED WITH TAG Poland

Real estate investor and fund manager Cromwell Property Group announced the sale of six retail centres across Poland, held by the Cromwell Polish Retail Fund (CPRF), to Star Capital Finance for €285 million.

Skanska has sold the Studio B office building in Warsaw for €86 million to Stena Real Estate AB, an international property company that is a part of the privately owned Swedish Stena Group.

Property Forum is proud to be supporting workcloud24 with an upcoming business breakfast titled “ESG Regulation in Practice”. Hosted on May 21st at New Work Tulipan, this free event offers a unique opportunity for landlords, asset managers, tenants, and real estate brokers to explore the latest trends in ESG practices. Learn about ESG reporting, building automation, and the future of sustainable office spaces.

Renewable Energy Investments is a proposal from Colliers for investors looking to diversify their property portfolio by expanding into renewable energy projects. The service includes comprehensive transactional advice, investment support for photovoltaic and wind farms and energy storage.

Panattoni has received financial support for the development of the City Logistics Kraków III project. The €21 million loan granted by mBank will make it possible to finalise the construction of this logistics park located in Kraków’s Nowa Huta district.

Volvo Tech Hub will occupy 10,000 sqm of space at Brain Park C. A new section of Volvo Car Poland will be moving into the Kraków office building, from Echo Investment, in three phases, starting in September 2024. In the transaction, the tenant was represented by JLL Polska. In addition, JLL's PDS department also provided support for the project.

The value of investment transactions in all real estate market sectors, both in Poland and Europe, still significantly deviates from the scale of investments recorded before the outbreak of the pandemic. Nonetheless, last year saw the first signs of recovery in the hotel segment. The sale of the hotel part of The Warsaw Hub by Ghelamco signalled a return to investing international capital in the Polish market. In October last year, the Crown Plaza and Holiday Inn Express hotels were acquired by the French investment fund Corum. 2023 saw a total of four transactions, partially carried out by Polish investment entities, contributing to investments totalling around €83 million in this sector. In the first months of the current year, two hotels along the Baltic Sea changed hands. Walter Herz summarised the situation in the Polish hotel market.

Industrial packaging distributor Neopak is to move its main warehousing facilities to Panattoni Park Warsaw South IV, where it is to occupy over 10,500 sqm of warehouse and office space.

Real Management has signed a loan agreement with mBank for over €14 million in funding for construction of the Good Point V warehouse and production park in Łubna near Warsaw.

According to the latest report published by Newmark Polska, during the first three months of 2024, Poland’s regional city office markets experienced moderate occupier demand, with regearing accounting for most of total take-up. In addition, while the overall regional vacancy rate rose to nearly 18%, development activity was more muted and focused on three cities: Katowice, Poznań and Wrocław, which contain 75% of the office stock under construction.