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Contractual penalties of up to 210 pct of the rent are too high

In a judgement on 25th November 2016 (file no.: V CSK 123/16) the Supreme Court decided that a landlord may not impose on a tenant a contractual penalty amounting to 210 pct of the ...

Maciej Żółtek, associate
Galt

Use of trademarks resembling registered trademarks in advertising and promotion of shopping malls

Where did this question and interest in the topic come from? Practice and observation show that shopping mall advertisements are often in the form of visualisations of a building w ...

Paweł Chojecki, advocate

Work on the Polish REIT is protracted. The bill raises a lot of controversy

In spite of the earlier announcements, the rulers have failed to pass the real estate rental companies act so that it entered into force at the beginning of January this year. Mayb ...

Robert Szczepanek, legal counsel
Causa Finita

Chain pharmacies are facing a major change. Chain expansion is up in the air

According to the amendment of the Polish Pharmaceutical Law drafted by members of the Polish Parliament, as early as next year, only pharmacists will be eligible for licenses to ru ...

Joanna Domoń-Kulas, radca prawny
Causa Finita Commercial Real Estate Law Firm

Cushman & Wakefield reaction to the result of the UK referendum on EU membership

The property sector has probably followed the EU referendum more closely than any other industry and has witnessed the impact of the uncertainty and speculation in the run up to th ...

John Forrester , EMEA chief executive
Cushman & Wakefield

Friday 13th

If you think that a finance, tax or accounting specialist couldn’t be superstitious, perhaps it’s time to think again. May 13th 2016 will go down in history of the Poli ...

Daniel Więckowski , tax manager
KR Group

Polish shopping centres ready for antiterrorism act

We have been monitoring the progress in the government’s work regarding the antiterrorism act. As soon as it enters into force we will be organizing training sessions for man ...

Justyna Williams, director of retail operations, property management, JLL Poland
JLL

EU Referendum - the economics of change

I have seen so many different estimates as to the impact of Brexit on the UK economy ranging from unrealistically hopeful – that it will lead over time to a 10 pct increase i ...

Simon Rubinsohn, chief economist
RICS

W ciągu czterech kwartałów podpisano umowy najmu 813 tys. mkw. tj. ponad 30 proc. więcej niż w 2014 roku, ale najbardziej widoczną zmianą był zdecydowany wzrost chłonności rynku. W ...

Elżbieta Czerpak,
Knight Frank

A fantastic year in recruitment

There's no question about it, 2015 was a fantastic year for everyone involved in real estate, not only in Poland, but across all of Central Europe! From an HR perspective, it has b ...

Mark Twomey, the managing partner
Tara HRC

2016 will see further office developments

The stable economic status of Poland and its growing importance in Central and Eastern Europe is still encouraging foreign investors to show a greater interest in our office market ...

Robert Mandżunowski, CEO
LHI

Residential sales holding steady

There were a lot of positive factors influencing the residential market in Q3 2015. Low interest rates continued to support demand among cash investors and mortgage investors alike ...

Jarosław Szanajca, CEO, president of the management board
Dom Development

(Overly) low rent? Find out if you can give a rent increase notice

According to the provisions of art. 6851 of the Civil Code, the Lessor may increase rent by giving at least a one-month rent increase notice, at the end of a calendar month. The pr ...

Małgorzata Skawińska, associate
Causa Finita Commercial Real Estate Law Firm

TriCity increasingly strong

During H1 2015, a total of over 53,000 sqm of office space has been leased in the Tri-City, which now is the third biggest market in the country in terms of take-up. As of the end ...

Magdalena Reńska, the head of TriCity office
JLL

Polish retail schemes: under preparations or under construction

The total amount of modern retail space that is currently being built in Poland reaches 590,000 sqm, while nearly a half – 252,000 sqm – of which is set to be delivere ...

Jan Jakub Zombirt, associate director, research and consulting
JLL

Revival in condohotel segment

Almost 1,000 apartments were built in condohotel projects in 2014 and more than 1,500 are planned for 2015. According to REAS’ research, the prices of holiday apartments are ...

Talent sought for retail projects

The past four years have not been the best time for retail players in Poland. Since 2012, the vast majority of the retail activity has been on the transactional side. Very few new ...

Mark Twomey, the managing partner
Tara HRC

It promises to be a fine year

In spite of the fact that Q1 on the Polish commercial real estate market finished with a total transaction volume lower than in the same period of 2014, the prospects for the entir ...

Marta Gorońska-Wiercioch, financial analyst, capital markets
Knight Frank

Retail comes back into investors’ view

The largest proportion of commercial project acquisitions in 2015 is expected to be in the retail sector – there are a dozen or so retail assets available to buy on the marke ...

Łukasz Maciak, MRICS, director in the capital markets department
DTZ Polska

Internet sales and the shopping centre tenants

The inclusion of a provision on the online sales in the lease agreements for the shopping centre space requires a thorough analysis of the standard rules regulating lease contracts ...

Robert Szczepanek, legal counsel
Causa Finita