ARTICLES LABELLED WITH TAG Poland

CTP has leased approximately 110,000 sqm at the CTPark Warsaw West complex to Raben Group, one of the largest logistics companies in the world. This 10-year lease is the largest transaction in the warehouse and logistics market in Poland this year, for which the Raben Group was advised by Savills, and was also a record-breaking agreement for 2023 across CTP’s entire portfolio.

For many real estate market leaders who came to Expo Real 2023, it was an opportunity to look for new investment opportunities in the face of more difficult macroeconomic and economic conditions in the world. Experts from Walter Herz advisory agency share their insights on the current situation in the Polish property market. 

Wind power, which accounts for approximately 2% of total electricity supply, is at the global forefront of green solutions and growing well ahead of traditional energy technologies and other renewable energy sources. One of the most prospective regions in Poland for this sector is Western Pomerania. According to the latest report from global real estate services firm Cushman & Wakefield, this region is already seeing professional large-scale wind farms being established and is a clear leader in terms of economic potential for wind power with 14,000 MW, 40% ahead of Pomerania and Lower Silesia.

DL Invest Group signed a contract for the lease of over 120,000 sqm warehouse space with one of the world's most recognized fashion companies. The construction of warehouse halls for a new tenant is underway as part of the DL Invest Park Psary project located in Silesia in a strategic location close to the A1 and A4 motorways and the S1 expressway.

Panattoni has begun construction of a 9,500 sqm facility tailored for Air Spiralo, a ventilation systems manufacturer. The manufacturing and warehouse facility will be located in Szamotuły, near the company's main headquarters in Poland. The project is valued at nearly €8.4 million.

AXI IMMO, an advisory firm operating in the Polish commercial real estate market, and British property consultancy Carter Jonas have formed an alliance, with both firms aiming to strengthen their cross-border activities.

Fortress Real Estate Investments Limited has laid the cornerstone for its latest investment in Central and Eastern Europe – Fortress Logistics Park Zabrze in Poland. The ceremony included representatives of the local city council, project partners and the general contractor – Goldbeck CEE North. This class A facility with a total GLA of 77,500 sqm is scheduled for completion in Q2 2024.

Despite rising operating costs, high inflation, and uncertainties related to events such as the conflict in Ukraine, Central and Eastern European markets continue to be attractive compared to Western Europe. Daniel Bienias, Managing Director in CEE at CBRE, talked to Property Forum about investment trends and the future of the advisory business in the region and beyond.

MLP Gorzów Wielkopolski Park witnessed an official cornerstone-laying ceremony. The new logistics centre by MLP Group will encompass 56.7 thousand sqm of warehouse space, of which 9.2 thousand sqm will be taken up by the initial occupant Sunrise Medical. The project, due for completion in February 2024, is expected to achieve the BREEAM New Construction certification of ‘Excellent’.

Just ahead of the Expo Real investment fair in Munich, experts of Avison Young presented an overview of the current situation in the Polish commercial real estate market.