The last two years have not been the best for the European real estate market, including in Poland. However, it seems that the worst is behind us. This is confirmed by the growing interest in Poland from foreign investors. This also applies to investors from the UK, who can still effectively diversify their portfolios on the Polish real estate market. Szymon Mojzesowicz, Member of the Royal Institution of Chartered Surveyors shared his insights on the topic. 

CTP has leased around 10,000 sqm of modern warehouse space at CTPark Warsaw North to Trako Team Rafał Kopański, a Polish brand from the transport, shipping and logistics (TSL) sector.

Invesco Real Estate has completed its first mezzanine lending deal in Central Europe on behalf of Invesco Real Estate Europe Fund III – SCSp (Europe III). The €20 million loan has been secured against the BTS logistics facility in Psary (Upper Silesia, Poland), recently completed by DL Invest. 

Panattoni has begun the final construction stage of its City Logistics Kraków I urban park in the city’s Nowa Huta district. A total of 11,300 sqm is to be built with the park to expand to its final target size of 36,500 sqm.

The Radisson RED Hotel & Radisson RED Apartments hotel opened in Kraków’s Unity Centre. The property features 229 rooms, along with 46 extended-stay apartments located in a separate building.

Panattoni has begun construction work on a new Built To Own (BTO) centre for the E.G.O.-Group (E.G.O.), a supplier for household manufacturers. The construction of the manufacturing plant is to start in July this year and the completion is scheduled for the fourth quarter of 2025.

Ghelamco, together with the Polish Yachting Association, will build Nova Marina Gdynia, a mixed-use building with a yachting centre just by a South Pier in Gdynia (Tricity, Poland). 

Panattoni has completed another built-to-suit (BTS) development. US manufacturer of production line components Maxcess has opened what is now its main European manufacturing plant in Fałkowo. Through investing PLN 60 million (ca. €14 million) in this project, the company will be able to double its current workforce.

Avison Young is announcing the opening of a new business line - Industrial Agency. The new service will be built by a team of renowned market experts acquired from a competitive firm.

Cushman & Wakefield has summarised the situation on the Polish retail market in the second quarter of 2024. There were eight new retail completions with the development pipeline comprising approximately 400,000 sqm. This indicates healthy supply levels amid unwavering occupier demand and strong retail sales, shopping centre footfall and turnover figures.