ARTICLES LABELLED WITH TAG Poland

Justyna Filipczak, Head of CEE at Cromwell Property Group, talked to Property Forum about the current investment trends, the attractiveness of retail and office properties and the company`s ESG agenda.

How to invest in challenging times? How to diversify one’s investment portfolio to minimize risk? What properties are investors allocating their capital in nowadays? Marcin Purgal, Senior Director, Investment and Paulina Brzeszkiewicz-Kuczyńska, Research and Data Manager at Avison Young Poland answered these questions and many others.

Accor is partnering with Allenort Group for the new Mövenpick hotel in the heart of Gdynia. The future facility will offer hotel services to tourists and business guests, featuring 176 rooms with a rich F&B offer, conference and banquet halls, a spa with a pool and treatment rooms, as well as underground parking. The investor received business advisory support from the HIDA Company.

The panel discussion on the future of asset and property management, held as part of the Future of Real Estate 2023 conference in Warsaw, showed that proper management and use of data can be key to maintaining the value of real estate assets in tougher investment times. The November event was co-organized by Property Forum and RICS.

MLP Group is investing to develop a new logistics centre within the Katowice Special Economic Zone. The upcoming MLP Bieruń West, situated on recently acquired land, is set to provide approximately 55,000 sqm of cutting-edge warehouse space. It will be yet another logistics centre operating in the highly sought-after region of Upper Silesia. In line with the property developer’s standard, the project will undergo the BREEAM New Construction certification of ‘Excellent’.

CTP has signed a 10-year lease for 21,000 sqm at CTPark Gdańsk Port with major Polish cargo operator Morska Agencja Gdynia (MAG).

In the third quarter of 2023, the total value of the Echo Investment Group`s assets increased to PLN 6.2 billion, while its further development is supported by a high level of cash amounting to PLN 627 million.

The Polish industrial and logistics market is transitional between economic shifts. Demand for warehouse space declined primarily in the first half of 2023, with a resurgence in Q3, resulting in aggregate demand for the first three quarters of this year of 3.75 million sqm (-25% y/y, Q1-Q3 2022). Higher investment financing costs are affecting the volume of space under construction, with developers developing 2.5 million sqm at the end of September 2023 (-36% y/y). It also impacts the volume of space delivered, which amounted to 3.12 million sqm from January to the end of September (-13% y/y Q1-Q3 2022), says Axi Immo. 

Regesta, a logistics services provider will lease 21,700 sqm of warehouse space in Panattoni Park Zgierz. Its central warehouse will support its four existing warehouses across Poland, with another two under construction. The tenant was advised on the transaction by real estate advisory firm Newmark Polska.

Warimpex has opened its third office building in Kraków, the Mogilska 35 Offices. The taxonomy-compliant property has 11,900 sqm of space, is located in the immediate vicinity of the city centre and is named after its address on Mogilska Street. There are also Warimpex office buildings at numbers 41 and 43, which are fully occupied. Mogilska 35 is already almost half let and also offers flexible coworking options.