ARTICLES LABELLED WITH TAG Walter Herz

Walter Herz company has been selected as the exclusive agent responsible for commercialization of warehouse, production and office space in OKAM’s investment located on the site of the former car factory at Jagiellońska Street in Warsaw.

Katarzyna Tencza, Associate Director Investment & Hospitality at Walter Herz comments on the current situation on the COVID-battered Polish hotel market.

In the first half of this year, more office space was leased in the Tri-City and Poznan than in the same period in previous years, says Walter Herz advisory company

The demand for warehouses has increased by a quarter in recent months. Tenants are mostly interested in Greater Poland and Mazovia Provinces. The market is growing on average by 16 per cent per year, while as much as 2.5 million sqm of warehouse space is under construction, says Walter Herz

Modern mixed-use complexes, open to social interactions and meeting local needs, which today are winning over traditional office buildings, set the direction for the development of investments in the commercial sector 

In 2020, applications for building permits in Warsaw were pouring in, says Walter Herz. According to the Permits for the Construction of Office Buildings Warsaw 2016-2020 report, last year brought over a 40% increase in the number of filed applications for building permits for facilities offering office space in Warsaw, compared to the previous year.

Today, global investment capital, looking for safe options on the real estate markets, focuses on housing. Poland is the target of the largest global companies investing in the PRS sector, says advisory company Walter Herz.

In the largest cities, we can observe the implementation of spectacular office projects. Completion of some investments affects the classification of the tallest buildings in Poland.

Consistent implementation of planned investments now requires companies to search for alternative ways of raising capital.

Despite its unique nature, 2020 brought twice as many new offices in Warsaw as the previous year. Thanks to the high activity of developers, there is already a total of over 12 million sqm of office space in the largest cities in Poland. This year, the leaders of the real estate development market announce further completions of large investments. The companies implementing office projects throughout the country plan to commission up to 800 thousand sqm of new space.