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.

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.

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.

P3 Logistic Parks has acquired a 30-ha plot of land in Dachowa near Poznań. The site will become the new P3 Poznań III park, which will enrich the developer’s current portfolio in the Wielkopolska region.

MLP Group has purchased an additional 6 hectares of land adjacent to the MLP Poznań West logistics centre. This will allow the construction of another 30,000 sqm of warehouse space. As a result, the target space of the complex has increased to more than 170,000 sqm. The existing plot of land has already been fully developed, with all facilities 100% leased.

Panattoni has launched the construction of its fifth park in Ruda Śląska. The new project will comprise two buildings with a combined area of 66,300 sqm. Santander has awarded a loan of €30 million for the development of the park and already half the space in the complex has been leased by Regesta.

GLP has started the construction of another warehouse at Wrocław V Logistics Centre. Developed in the Wrocław metropolitan area, the warehouse park in Magnice is one of Poland’s largest logistics projects. The latest stage of the project had already been fully leased before the start of construction.

Halfway through 2023, Accolade’s portfolio amounts to over 1.3 million sqm of total leased space across 26 industrial parks in Poland. The industrial property investor maintains their strong position in several Polish regions, including Western Pomerania, Kuyavia-Pomerania, Lubuskie, and Podlaskie.

According to the latest report from Cushman & Wakefield, gross warehouse take-up in Poland stabilized at over 1 million sqm in Q2 2023. Furthermore, at the end of June 2023, there was 2.1 million sqm under construction, with the relatively strong development activity being driven by higher rents encouraging investors to launch new projects. In addition, Poland entered the top three EU markets in terms of warehouse stock, jumping into third spot behind Germany and France.