ARTICLES LABELLED WITH TAG Poland

Poland’s industrial and logistics real estate sector remains stable, continuing to be one of the key segments of the commercial property market both nationally and across Europe. In 2024, the volume of investment transactions involving warehouse assets totalled €1.26 billion, while take-up remained at 5.8 million sqm (+4% y-o-y). Although developer activity decreased by 30%, new supply (2.6 million sqm) returned to pre-pandemic levels, with 1.8 million sqm still under construction. The sector has shown stability regarding vacancy rates (7.5%) and rental levels, which have remained consistent with the previous year, says Axi Immo in its latest report.

LCP Properties is strengthening its collaboration with Refield. This partnership was confirmed with the announcement of the project's acquisition in Zwoleń (eastern Poland) on the day of its official opening. The sale agreement was based on a model in which Refield was responsible for both the construction and commercialization of the property. Pasaż Zwoleński, now officially opened as M Park Zwoleń, offers nearly 5,000 sqm of GLA with eight tenants. The project boasts a 100% occupancy rate. The value of the transaction has not been disclosed. 

Fabryka Mebli Akord is relocating its main warehouse to the modern logistics center MLP Teresin (central Poland). The decision to choose this location was driven, among other factors, by the possibility of high storage, which will enable the optimization of logistics processes and further development. Fabryka Mebli Akord will gain full access to the facility at the beginning of September this year. The tenant was represented in the transaction by AXI IMMO.

At the end of 2024, Jakub Leszczyński, was appointed to the role of Transaction Director at Accolade. In his new position, Jakub is responsible for the comprehensive management of transactional processes, including project financing and refinancing, the selection and structuring of development processes, and the acquisition of warehouse projects. One of his significant achievements since assuming this role has been executing one of the largest green refinancing deals in Poland, valued at €180 million.

GTC has announced financing extension for Galeria Jurajska shopping centre in Częstochowa (southern Poland). The amended credit agreement extends the loan maturity by 5 years, with a remaining balance of €100.65 million. The financing is provided by Erste Group Bank AG and Raiffeisenlandesbank Niederösterreich-Wien AG.

Mateusz Dereszyński, Partner and Head of Banking and Finance at Eversheds Sutherland Polska, talked to Property Forum about the availability of financing in Poland, the importance of ESG for banks and the investment forecasts for 2025.

According to the latest report by BNP Paribas Real Estate, Poland’s commercial property market posted impressive gains in the final quarter of 2024, with last year’s total transaction volume rising more than twofold compared with 2023. Despite geopolitical risks, the market outlook remains positive.

NEPI Rockcastle says it reached a record-breaking net operating income (NOI) of €556 million during 2024, a 13.2% increase compared to the previous year, over strong retailer sales and resilient consumer demand in CEE.

Occupier demand in Poland’s regional city office markets rebounded in late 2024. However, subdued development activity and a low volume of new office deliveries have created a supply gap. Additionally, tenants are increasingly choosing to renegotiate their leases, says BNP Paribas Real Estate Poland in its latest report.

Panattoni is expanding Panattoni Park Zgierz near Łódź (central Poland) with a new 70,000 sqm phase. An undisclosed drugstore chain has leased 50,000 sqm of the space, making the complex a key distribution hub for its operations in Poland. Following the expansion, the park will reach a total size of 120,000 sqm.