ARTICLES LABELLED WITH TAG Poland

Will the non-functioning office buildings and shopping centers be taken over by residential buildings? Arguments for and against this measure are listed by Piotr Łopusiński, Associate Director, Investment at Avison Young Poland.

Poland, which is the fifth largest warehousing market in the EU, has the opportunity to take over a significant share of the investment and production and logistics processes moving from Asia.

Retail parks and convenience centers emerged as the most resilient retail sector during the COVID-19 pandemic, with customers putting an emphasis on quick and efficient shopping. The development of the Polish retail market continues apace, with the retail park format taking the lead in terms of stock expansion. In H1 2022, developers completed 183,200 sqm of GLA of new retail space, 66% of which was delivered in the form of retail parks and convenience centers dedicated to everyday, quick shopping. However, another 341,700 sqm of GLA is expected to enter the market by the end of 2022, with retail parks accounting for 53% of this total. 2022 could well be another record-breaking year for this segment in terms of space delivered to the market.

Two years after the start of construction, Skanska has completed works on the P180 office building, located at the Wilanowska metro station. The building received an occupancy permit, which means that the Warsaw office market has gained an additional 32,000 sqm of office space. IT specialists from the international Netcompany moved into the newly commissioned office building, which offers the tenant 6,000 sqm of space.

Savills has announced the acquisition of Knight Frank’s commercial property and asset management team in Poland. Under the agreement, 35 employees have joined Savills and its Polish property management portfolio has surpassed 1,200,000 sqm.

GLP announced that its GLP Warsaw III Logistics centre in Kobyłka is now fully leased, only four months into operation.

Panattoni has developed a 10,000 sqm building for Solaris Bus & Coach. The warehousing facilities for the factory in Bolechowo. The opening was held on September 29th.

International Industrial Properties (IIProp), an industrial and logistics platform owned by Madison International Realty and Griffin Capital Partners, has launched the development of a 93,500 sqm warehousing park in Nadarzyn, on Warsaw’s southwestern outskirts.

Macquarie Capital Principal Finance (Macquarie) has provided €123.4 million in the form of a senior secured loan to DL Invest Group. The three-year facility will be funded using capital from Macquarie’s balance sheet. 

Park Szczecin in Załom, a multi-phase warehouse complex created on the grounds with a total area of over 46 ha, offering 230,000 sqm of industrial space and fully leased, is the biggest park in Accolade’s Polish portfolio.