Savills Investment Management (Savills IM) and Vestas Investment Management (Vestas) have announced the signing of lease extension agreements with Prosperplast in two buildings at Beskid Park II, in Southern Poland.

Agnieszka Gutowska, Head of Brand Marketing & Communication at Nhood Services Poland has talked to Property Forum about the implementation of the ESG principles in the new retail projects, the costs of modernization of the older ones and the approach of the tenants to the ‘new green deal’.

The first half of 2024 on the Warsaw office market marked an evolutionary change on both the demand and supply side. Development activity is slowly returning to pre-pandemic levels, with 280,000 sqm under construction at the end of June. On the demand side, we are observing a continuation of the renegotiation trend. The total take-up was 320,000 sqm, a comparable result to H1 2023, according to Axi Immo's latest report. 

The 13th edition of the JLL Charity Beach Volleyball Tournament - starts today. 64 teams will play at the Monta Beach Volley Club in Warsaw to raise funds for charity. The entire amount raised during the event will, for the second time, be used to support the construction of the Ronald McDonald House at the "Pomnik - Centrum Zdrowia Dziecka" Institute. Property Forum is a Media Partner of the event. 

Skyliner II is the second phase of the Warsaw high-rise complex owned by the Karimpol Group. The project will deliver approximately 24,000 sqm of leasable office space. It has been rated Outstanding under BREEAM New Construction with a score of 91.9 percent.

CTP has started construction of a new 11,200 sqm manufacturing facility at its CTPark Zabrze complex in Poland. Construction is expected to complete by the end of November 2024.

Equilis and Acteeum have sold the Silwana retail park in Gorzów Wielkopolski to Big Polska. The asset was sold for €40 million, which makes it one of the highest transactions in the Polish commercial property market this year.

At the end of the first half of 2024, the investment market rebounded, reaching a transaction volume of €1.8 billion, which is double the year-over-year value. In the office market, several transactions finally appeared in regional cities, and in the retail sector, the largest transaction since Q1 2022 was finalized. The warehouse sector, on the other hand, is still waiting for large transactions. Hotels are enjoying increased popularity, and in the residential segment, 5 transactions were closed in Warsaw, says Avison Young.

Mateusz Sikora, Co-Founder of Rebench startup has talked to Property Forum about the life cycle of the office furniture, the importance of the circularity and the implementation of the ESG principles in the Polish property market.

According to a report published by Newmark Polska, the Warsaw office market has entered a period of stabilization, with development activity continuing at a moderate but steady pace. During the second quarter of 2024, the Polish capital’s vacancy rate edged down over the quarter, while more and more tenants chose to renegotiate leases. Meanwhile, the growing occupier demand for sustainable and high-tech offices led to an increase in refurbishment or repurposing projects.