ARTICLES LABELLED WITH TAG Poland

In 2023, on Poland’s largest eight regional office markets, developers delivered 280,000 sqm (-31% y/y). It’s bringing the sector’s total stock to 6.68 million sqm (+4% y/y). The new supply slightly increased the vacancy rate, stabilizing around 17.5% (+2.2 pp. y/y) at the end of December 2023. The largest concentration of tenant activity was observed in the largest regional office markets, i.e., Kraków, Wrocław, and the Tricity (about 70% of gross demand), where, in total, companies leased about 520,000 sqm out of 750,000 sqm of all signed contracts in 2023, says Axi Immo.

CPI Property Group has sold the Concept Tower office building in Warsaw to Wood & Company Real Estate Fund. The price has not been discolsed.

According to the latest report from Cushman & Wakefield, 2023 saw the second-highest supply level and the third-highest take-up figure in the history of the Polish industrial market. The sector continues to enjoy strong fundamentals supporting its steady growth despite the rapidly changing macroeconomic environment.

According to the latest quarterly report by BNP Paribas Real Estate Poland, the closing months of last year saw heightened development activity and many retailer debuts on the Polish retail market. Retail parks accounted for 80% of the new retail floor space supply.

Panattoni has just handed over the first building in the Panattoni Park Tricity East V complex, near the Port of Gdańsk. Regesta is to start operating in the building.

Ideal Idea is commencing the construction of its fifth facility as part of the expansion of the City Park Wrocław business park, located next to the airport of the Lower Silesian capital. The new 15,000 sqm building increases the total space offered by Ideal Idea in Wrocław to 36,000 sqm.

Zeitgeist Asset Management has obtained the occupancy permit for a private dormitory at 22 Solec in Warsaw. The company has renovated a former office building to become a flagship project of Zeitraum Student Housing in Poland, offering 214 beds and a common area with a variety of services. 

Vastint Poland has been awarded the LEED Gold certification for the Sound Garden Hotel located within Business Garden Warsaw. This is the last of seven buildings that make up this  complex, which has successfully undergone multi-criteria environmental verification.

The newest, and first in Central and Eastern Europe, factory is being built in Świdnik by the Trilux Group, a global lighting supplier. The 23,000-square-meter plant, which meets BREEAM certification criteria, will be built by Panattoni. 

CTP has completed a 10.5-year lease for 11,800 sqm at CTPark Zabrze in Poland to Electro Cable Group. This is the first investment in Poland by Electro Cable Group, which is the largest Ukrainian producer and exporter of power, control, and data cables.