ARTICLES LABELLED WITH TAG Poland

Mark Richardson, an investment expert with more than 20 years of professional experience in European commercial real estate, has joined Savills Poland as Head of Investment.

MDC2, together with the investor, Invesco Real Estate, finalized the lease of 10,784 sqm of space in MDC2 Park Gliwice. The tenant is an international manufacturer providing comprehensive IT solutions for energy markets, service providers, enterprises and industrial markets.

Jacek Korwin-Małaszyński and Michał Korwin-Małaszyński, Members of the Board of APP Projekt, one of the leaders in construction engineering in Poland, have talked to Property Forum about the current situation on the property market, prices of the materials and the impact of the '2% Safe Credit' on the industry.

Focus Estate Fund plans to convert its entire shopping centre portfolio to solar-powered facilities. The first initiative was inaugurated with the installation of solar panels at Galeria Awangarda in Bartoszyce.

Warehouse developer LCube has secured planning permission for another of its investments – Lcube Mszczonów. The project calls for the development of an industrial and warehouse park, spanning approximately 31,500 square meters on a nearly 8-hectare site.

The letter of intent signed in May this year between the Accor Group and PHH Group is giving first effects. Representatives of both companies have signed a franchise agreement. As part of the cooperation, the seaside resort Interferie Hotel Medical Spa in Świnoujście, which is part of the PHH Group, is changing its name to Mövenpick, a premium brand belonging to the Accor Group. The new Mövenpick Świnoujście Medical Spa Resort will welcome guests in just over a few months.

With the new academic year approaching, thousands of students are stepping up their search for accommodation. Meanwhile, Cushman & Wakefield has identified that, given the current bed provision in Poland, just 10% of all students can be accommodated in university-owned and private halls of residence. Those considering looking for privately rented accommodation will, however, face many challenges. According to Otodom, the availability of rental residential units in many key university towns is shrinking while rents continue to rise, with rental growth at the end of July 2023 averaging 1.5% month-on-month (m/m) and 8.5% year-on-year (y/y).

Panattoni has received financing from BNP Paribas Bank Polska for the largest industrial park in Bydgoszcz. The €54 million loan is for the developer to finance Panattoni Park Bydgoszcz IV – a 110,000 sqm complex of three buildings that was handed over in July this year and is now 90% commercialised

Panattoni received a BREEAM Outstanding in the International New Construction system for Panattoni Park Konin. It is already the fourth investment by the developer in Europe with the highest rating in this system. The total area of its buildings confirmed by an ecological certificate has already exceeded 12 million sqm, and another 4.5 million sqm is in the certification process, including five BREEAM Outstanding investments and DGNB Platinium.

Craft, the latest project by Belgian developer Ghelamco in Katowice, has been granted an occupancy permit, thereby adding 26,700 sqm of office space to the local market.