Aleksandra Mazzini, COO of Sierra Balmain Asset Management, talked to Property Forum about the current popularity of retail parks, the ongoing transformation of the retail sector and the point, where ESG and AI meet together.

Mitiska REIM has announced the opening of a new retail park in Jastrzębie Zdrój, a city of 90,000 inhabitants in southern Poland. Developed in partnership with Karuzela Holding and owned in joint-venture with the FRI 2 fund, this latest opening is the third retail park development opened in Poland by Mitiska REIM and Karuzela Holding in the past nine months.

Karimpol Polska is expanding its cooperation with CBRE. Starting in June 2024, CBRE’s Polish branch will be acting as the exclusive letting agent of Skyliner II office project.

Panattoni has been granted €16.5 million in financing from Bank Gospodarstwa Krajowego (BGK) for the development of its Panattoni Park Ruda Śląska IV project. Construction work was launched in March on 34,000 sqm of  warehousing space. A major tenant has also already been acquired with midocean leasing 21,000 sqm.

Krystian Modrzejewski, Chief Investment Officer at Newgate Investment, talked to Property Forum about the recent investment attractiveness of retail parks in Poland, their role as community integration points and the saturation of the retail markets in large Polish cities.

Logicor has extended its lease agreement with PepsiCo Polska for ca. 58,500 sqm of warehouse and office space at Logicor Mszczonów Park near Warsaw. The site is PepsiCo’s largest distribution centre in Poland.

Michał Białas, the current Chief Business Development Officer and member of 7R's Board of Directors and Chris Zeuner, the current Chief Investment Officer assumed the positions of co-CEO on 19th June 2024. They replace Tomasz Lubowiecki, founder and current CEO of 7R. The new CEOs will manage in a partnership model, focusing on different business areas in line with their experience.

Nagel-Group, one of Europe’s leading companies in food logistics, will lease one of the buildings within LemonTree’s Booster Zabrze complex. The tenant will move into the facility in the second quarter of 2025. The agreement between the companies has been signed for a 15-year term.

According to a panel on the future of investments, held at the Future of Real Estate 2024 conference in Warsaw this month, the office industry in Poland is far from blooming but is slowly regaining investor interest. The event was co-organized by Property Forum and RICS.

The European Bank for Reconstruction and Development (EBRD) has invested PLN 43 million (€10 million equivalent) in bonds issued by Dekpol S.A, a Polish manufacturing and construction group.