For many real estate market leaders who came to Expo Real 2023, it was an opportunity to look for new investment opportunities in the face of more difficult macroeconomic and economic conditions in the world. Experts from Walter Herz advisory agency share their insights on the current situation in the Polish property market. 

DL Invest Group signed a contract for the lease of over 120,000 sqm warehouse space with one of the world's most recognized fashion companies. The construction of warehouse halls for a new tenant is underway as part of the DL Invest Park Psary project located in Silesia in a strategic location close to the A1 and A4 motorways and the S1 expressway.

Panattoni has begun construction of a 9,500 sqm facility tailored for Air Spiralo, a ventilation systems manufacturer. The manufacturing and warehouse facility will be located in Szamotuły, near the company's main headquarters in Poland. The project is valued at nearly €8.4 million.

Fortress Real Estate Investments Limited has laid the cornerstone for its latest investment in Central and Eastern Europe – Fortress Logistics Park Zabrze in Poland. The ceremony included representatives of the local city council, project partners and the general contractor – Goldbeck CEE North. This class A facility with a total GLA of 77,500 sqm is scheduled for completion in Q2 2024.

MLP Gorzów Wielkopolski Park witnessed an official cornerstone-laying ceremony. The new logistics centre by MLP Group will encompass 56.7 thousand sqm of warehouse space, of which 9.2 thousand sqm will be taken up by the initial occupant Sunrise Medical. The project, due for completion in February 2024, is expected to achieve the BREEAM New Construction certification of ‘Excellent’.

Just ahead of the Expo Real investment fair in Munich, experts of Avison Young presented an overview of the current situation in the Polish commercial real estate market. 

Hillwood Polska and LCube have signed an agreement to develop a logistics facility on the eastern outskirts of Wrocław. Spanning over 60,000 sqm, the Hillwood & LCube Wrocław East industrial and warehouse complex will offer Class A warehouse space and meet 'Excellent' BREEAM certification standards. LCube will serve as the Development Manager, working closely with Hillwood through the construction and commercial phases.

7R finalised the sale of 7R Park Szczecin and 7R Park Łódź West II. The new owner of the properties became P3 Logistic Parks. The price has not been disclosed.

Real Management S.A. has signed a lease agreement with Dr Irena Eris for warehouse and office space in its own development, an industrial park Good Point V in Łubna, near Warsaw. The warehouse space of 8,500 sqm and office space of 500 sqm is scheduled to be handed over to the tenant in Q3 2024.

A record 2.6 million sqm of warehouse and industrial space was delivered across Poland in the first half of 2023 amid clear signs of new-build construction slowing down. The Polish industrial and warehouse stock has doubled in size in the last five years, with Poland being one of the fastest-growing logistics markets in Europe, reveals Savills.