PL

30 percent more rooms

Eurobuild CEE
POLAND According to Emmerson Evaluation report, the number of hotel rooms in Poland is to increase by 30 pct until 2019.
An increase of 30 pct is to occur in relation to the number of rooms available at the end of 2016. The increase will even reach 50 pct in some locations. The analysts expect such dynamics in the coastal area (+53 pct) and Tri-City (+48 pct). Investors will be attracted to the market by the high demand for hotel services and profitability, which could exceed 40 pct in the best-managed facilities. The Coast is the leader of the locations where the most new hotel rooms are to be built in 2017-2019. It is followed by Łódź, where the supply is to increase by 43 pct according to calculations of Emmerson Evaluation, Poznań and Warsaw with an increase of 36 pct and 31 pct respectively. The smallest increase will be observed in the south of Poland – Kraków, Katowice and the mountain strip (Zakopane, Karpacz, Beskidy Mountains: Wisła, Ustroń, Szczyrk), where the supply is to increase by less than 11 pct. “In terms of the number of new hotel rooms, the leader is invariably Warsaw, where almost 13,000 beds available in the database at the end of 2016 is to be joined by the following 3,900 by 2019. The increase of hotel investments on the Coast will bring 2,700 rooms in the Tri-City and 1,800 in the coastal strip including such resorts as Kołobrzeg, Świnoujście, Jurata, Jastarnia and Chałupy. Some of the new facilities have already hit the market, but others are still under construction and will be put into operation in the next few months. When planning new projects, investors should try to analyze the potential of the current and emerging hotel base in individual locations. In popular resorts such as the Tri-City the market is already saturated and subsequent projects may lead to oversupply,” comments Dariusz Książak, president of the management board at Emmerson Evaluation. The growing demand for hotel services and a high rate of return stimulate investments in this segment of the real estate market. According to calculations of Emmerson Evaluation, the EBITDA profitability ratio for three, four and five-star category, measured by the relation to total income, varies from about 20 pct to 40 pct. The highest standard facilities exhibit the highest business efficiency. In their case the profitability ratio ranges from 29 pct to 42 pct for the best-managed ones. The average for three- and four-star facilities was 29 pct and 33 pct respectively Analysts from Emmerson Evaluation also analyzed the costs of building three-, four- and five-star hotel facilities in Poland. The amounts were established for individual categories, which results from the varied equipment, finishing standard and functionality of the facilities. In the case of three-star hotels, the cost of building one room starts from PLN 160,000 but it could reach up to PLN 360,000. In the case of four-star facilities, the discrepancies in costs are even greater and they range from PLN 250,000 to PLN 600,000. An investment in top-class five-star hotels requires expenditures ranging from PLN 350,000 to 730,000 per one room. Emmerson Evaluation has been operating since 2008 and it provides valuation services for residential and commercial real estate (offices, retail trade, warehouses and hotels) as well as development projects.

Latest news

Warehouse & industrial

Poland CTPark Warsaw West is ready

schedule 04 October 2024
Opr./edited by ANZ

CTP has obtained an occupancy permit for buildings WARS02 and WARS05, with a total area of 110,000 sqm. The facilities are part of the CTPark Warsaw West complex. The space will be occupied by Raben Group. The location in Wiskitki, near Warsaw, will be its 36th branch in the country.

Warehouse & industrial

POLAND InPost in MDC2 Kraków South

schedule 03 October 2024
Opr./edited by NN

Polish parcel dispatch company InPost has leased 11,000 sqm at MDC2 Park Kraków South. The BTS project is to be built on a site prepared exclusively for the tenant.

Investment & finance

Poland The Future comes to Galardia

schedule 03 October 2024
Opr./edited by JC

Starachowice’s Galardia shopping center, developed from a greenfield by Stage Capital and Sierra Balmain, has a new owner – Future Estate. Opened in October 2014, the facility offers 18,000 sqm GLA.

Office & mixed-use development

Poland Maximum occupancy at Forest

schedule 03 October 2024
Opr./edited by JC

HB Reavis has signed seven-year lease agreements with Transition Technologies and other companies, which will occupy nearly 1,000 sqm of office space in the Forest campus in Warsaw. The building is now fully let.

Office & mixed-use development

Poland Saski Crescent sounds great

schedule 03 October 2024
Opr./edited by JC

GN Poland has leased more than 2,000 sqm of office space in the Saski Crescent building in Warsaw. The company is part of the GN Group, a Danish provider of intelligent audio, video, gaming solutions, and hearing systems.

Residential

SLOVAKIA Metropolis life in Bratislava

schedule 02 October 2024
Opr./edited by NN

Czech property group Mint is finalising the construction of its premium Metropolis residential project in Bratislava, which will comprise 298 luxury apartments.

Interior design

POLAND Grainy effect for Viterra

schedule 02 October 2024
Opr./edited by NN

Viterra has moved into its ​​new 1,500 sqm offices in Olivia Prime, part of the Olivia Centre business complex in Gdańsk. The Design Anatomy studio is responsible for the design of the space.

Warehouse & industrial

Poland GLP is expanding in Silesia

schedule 02 October 2024
Opr./edited by JC

GLP has commenced construction of its second logistics centre in Gliwice. The facility will ultimately offer 57,000 sqm of warehouse and production space, located adjacent to the Katowice Special Economic Zone.

Office & mixed-use development

Poland Charities move into Diuna

schedule 02 October 2024
Opr./edited by JC

Syrena Real Estate, managing Diuna office complex in Warsaw’s Służewiec district, has made spaces available free of charge for statutory activities of Unicef Poland and the Wiosna Association. Both organisations have launched their activities and are running initiatives.

Warehouse & industrial

Poland E-commerce stays with Hillwood

schedule 02 October 2024
Opr./edited by ANZ

Hillwood is extending its cooperation with an American e-commerce giant in Łódź Górna. The tenant has extended its lease agreement for more than 36,000 sqm of warehouse space and 2,000 sqm for offices at Hillwood's Łódź Górna logistics centre. 

Investment & finance

Germany Garbe and Logicenters acquire former airbase

schedule 01 October 2024
Opr./edited by ANZ

Garbe and its joint venture partner Logicenters, Nrep's development and management platform for logistics properties, have acquired a 20,000 sqm plot of land. A logistics centre with a total area of around 11,600 sqm is to be built on this site. Construction is scheduled to begin in Q2 2025, with an investment volume of around EUR 17 mln.

Office & mixed-use development

Poland Tenants feel good at Metropolitan

schedule 01 October 2024
Opr./edited by ANZ

New leases and extensions have been signed for a total of 18,000 sqm in the Metropolitan Warsaw building. Companies such as HP and LCP Group have decided to continue their operations in the building.

Office & mixed-use development

POLAND PIB takes 1.2k in West 4 Business

schedule 01 October 2024
Opr./edited by NN

Insurance brokerage PIB Group is to occupy 1,200 sqm of office space in the West 4 Business Hub in Wrocław.

Residential

Poland White Stone Development and Nrep join forces

schedule 01 October 2024
Opr./edited by ANZ

White Stone Development, a Polish developer active in the residential and commercial market, has announced the signing of key agreements for a new project. A PRS development, commissioned by Nrep, which is investing through the NSF V fund, will be built in Warsaw's Bielany district.

Office & mixed-use development

Poland Santander takes the top of the tower

schedule 30 September 2024
Opr./edited by ANZ

Santander Bank Polska is to move into 25,500 sqm of The Bridge skyscraper, which is under construction in Warsaw's Wola business district, in the largest leasing transaction on the Polish office market since 2022.

Eurobuild CEE

Poland The October issue of Eurobuild!

schedule 30 September 2024
Opr./edited by ANZ

Here it is at last! The latest issue of Eurobuild is out fresh from the printers, and in it, as always, there's plenty of market news, expert opinions and information about personnel changes.

Investment & finance

POLAND Arete enters Poland

schedule 30 September 2024
Opr./edited by NN

Czech asset manager Arete Investment Group has entered the Polish market with the acquisition from Kajima Poland and Panattoni of a 65,000 sqm warehousing park in Zgorzelec in Lower Silesia.

Warehouse & industrial

Poland DB Schenker to move into Rawicz

schedule 30 September 2024
Opr./edited by ANZ

DB Schenker has leased more than 17,000 sqm at the Hillwood Rawicz warehouse centre. The logistics operator will service a customer producing optical products and sports accessories in its new space.

Investment & finance

Poland Nepi Rockcastle buys Magnolia Park 

schedule 30 September 2024
Opr./edited by ANZ

Nepi Rockcastle has acquired the 100,000 sqm Magnolia Park shopping centre in Wrocław from Union Investment in an off-market transaction. The sale price amounts to EUR 373 mln. Union Investment acquired Magnolia Park in 2017 for the portfolio of the UniImmo: Europa open-ended real estate fund.

Infrastructure

POLAND Ghelamco gets go-ahead for Gdańska

schedule 27 September 2024
Opr./edited by NN

Ghelamco has renewed its partnership with Polish railway operator PKP SA and its real estate division Xcity Investment related to the redevelopment of the Warszawa Gdańska train station in Warsaw.

Latest in Eurobuild CEE

schedule 30 September 2024

The October issue of Eurobuild!

Here it is at last! The latest issue of Eurobuild is out fresh from the printers, and in it, as always, there's plenty of market news, expert opinions and information about personnel changes.

schedule 13 September 2024

The September edition of ‘Eurobuild’ is here!

The September ‘Eurobuild’ is now available in print and online - as always full of expert commentary and analysis, interesting topics and the latest news. Take a look!

schedule 07 August 2024

New duo at the helm

Since August 1st, some important changes have taken place in Eurobuild's editorial team. Nathan North and Anna Korólczyk Lewandowska have expanded their responsibilities, taking over the reins from Tomasz Cudowski, the magazine's long-time editor-in-chief.

schedule 19 July 2024

The summer issue of 'Eurobuild' hits the shelves!

The summer (July-August) issue of 'Eurobuild' has now been published. The magazine is, as usual, full of interesting articles and expert analyses, and should help to further fuel the confidence of the entire real estate sector!

schedule 13 June 2024

The June issue of 'Eurobuild' is now out!

The final issue of the magazine before the summer holidays has just hit the shelves and the internet! On its pages you can read all about unconventional ways to conquer the warehouse business, methods to improve your professional status in hard times, as well as the Ukrainian real estate market, where properties are still being built, sold and rented despite the continued bombing of the country.

schedule 13 May 2024

The May issue of "Eurobuild" is already on the shelves!

The May issue of "Eurobuild" has already been published, as usual, full of interesting articles and professional analyses! Lovers of news in the fields of technology, investments, finance, PRS, retail and logistics will not be bored!

schedule 11 April 2024

The April edition of "Eurobuild" is now ready to read!

The next edition of our monthly magazine is now available both in paper and digital versions! Traditionally, the new issue was first sent to our conference guests, and then to all readers!

schedule 30 March 2024

Happy Easter!

On behalf of everyone at Eurobuild, we would like to wish a very Happy Easter to all our friends, readers and colleagues on the Central and Eastern European property market. Let's make this time of year represent both a symbolic and literal rebirth for us all!

schedule 04 March 2024

The March issue of "Eurobuild" is available!

The March edition of our monthly has been released – the magazine is available online and in a paper version, which will be also delivered to guests of the MIPIM fair in Cannes in a week.

schedule 30 January 2024

Elektrownia Powiśle shortlisted for the MIPIM Awards!

The Elektrownia Powiśle mixed-use complex in Warsaw is the only development in the CEE region to have made it through to the finals of this year's MIPIM Awards. The complex, which has been nominated in the "Best Urban Regeneration Project" category, was designed by the APA Wojciechowski studio and developed by White Star Real Estate. The winners of all the categories are to be announced on March 14th during the awards ceremony at the Palais des Festivals in Cannes.

schedule 24 January 2024

The winter issue of Eurobuild hits the shelves!

The double January-February issue of 'Eurobuild' has now been published. As usual, it is full of interesting articles and expert analyses, while the print version additionally comes with a green tab to announce the debut of our new ESG section inside its pages!

schedule 13 December 2023

The Christmas issue of Eurobuild is available now!

As usual, the December edition of the monthly magazine first reached the guests of the Eurobuild Annual Conference, however today it is available to everyone. Enjoy reading - in the html or flipbook version, according to your preference.

schedule 20 November 2023

The Eurobuild Awards Gala gets underway tonight – live and online!

The grand finale of the 13th Eurobuild Awards is to take place tonight! Join us at the Gala at the DoubleTree by Hilton hotel or follow the announcement of the winners on our WhatsApp channel!

schedule 07 November 2023

Our WhatsApp channel has been launched!

‘Eurobuild’ has become one of the first media outlets in Poland to launch a news channel on WhatsApp. On it you will find only the most important news from the market, presented quickly, concisely, free of charge, in English and… without any unnecessary complications.

schedule 30 October 2023

Our latest issue hits the shelves!

The November issue of Eurobuild has now been released. As usual, it's full of fascinating articles and expert analysis. In three weeks, all the guests of the Eurobuild Awards 2023 Gala will receive this issue – together with a special supplement!

schedule 26 September 2023

The October issue of Eurobuild hits the shelves!

Slightly earlier than usual (due to the upcoming Expo Real trade fair), the October edition of monthly magazine 'Eurobuild CEE' has now been published, which also includes a special bonus issue devoted entirely to warehousing. Both publications are available in hard copy and in digital format – in html and in flipbook form.

schedule 01 September 2023

September issue now out – and in a new format!

Welcome to the September issue of Eurobuild! For the first time, our magazine is also being published as a flipbook.

schedule 09 August 2023

Eurobuild Linked In again!

Eurobuild CEE's new company page on the LinkedIn platform has been launched. Switch to our new address!

schedule 01 February 2023

Karol Bartos (1980-2023)

It is with great sadness that we learn of the death of Karol Bartos, one of the most well-known and distinguished personalities on the Polish real estate market, to which he has made an immense contribution down the years. To his family and friends we offer our deepest condolences.

schedule 23 December 2022

Happy Christmas!

Wishing all our readers a very happy Christmas and all the best in the coming year from everyone on the editorial staff of Eurobuild CEE!

Edition 10 (292) September 2024

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