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.

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Warehouse & industrial

Romania Cargus opens its new hub in Sibiu

schedule 17 May 2024
Opr./edited by ANZ

CTP expands its partnership with Cargus, a courier company in Romania, with the inauguration of a new location in Sibiu.

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Poland Excellent Fern at Off Piotrkowska

schedule 04 April 2024
Eurobuild CEE

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Office & mixed-use development

Poland UBC II will be modern again

schedule 17 May 2024
Opr./edited by ANZ

Atenor, the Belgian developer responsible for the Lakeside development in Warsaw's Mokotów district, intends to renovate the neighbouring UBC II building. The project received planning permission in March this year.

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Poland Axi Immo stays in the tower

schedule 16 May 2024
Opr./edited by ANZ

Axi Immo has decided to extend its existing lease and add new space for its growing business lines in Warsaw's Spektrum Tower office building.

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schedule 16 May 2024
Opr./edited by ANZ

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Poland Cromwell sells Polish retail portfolio

schedule 16 May 2024
Opr./edited by ANZ

Real estate investor and fund manager Cromwell Property Group has announced the sale of six retail centres across Poland, held by the Cromwell Polish Retail Fund to Star Capital Finance for EUR 285 mln.

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Poland Studio B with a new owner

schedule 16 May 2024
Opr./edited by JC

Skanska has sold the Studio B office building in Warsaw to Stena Real Estate for EUR 86 mln. This is already third transaction between the two parties in Central and Eastern Europe.

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Slovenia Hotel Austria Trend is sold

schedule 15 May 2024
Opr./edited by ANZ

Peakside Capital and Generali Investments Slovenia have sold, on behalf of Generali Adriatic Value Fund, the Austria Trend hotel located in the Slovenian capital.

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Germany Garbe hands over its new warehouse

schedule 15 May 2024
Opr./edited by ANZ

Garbe has completed a distribution warehouse it developed in Holzgerlingen, south of Stuttgart, Germany, with a total area of around 14,500 sqm. The property was now officially handed over to Edeka Südwest.

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Poland Millions for MLP

schedule 15 May 2024
Opr./edited by JC

ING Bank Śląski has agreed to lend more than EUR 26.8 mln to MLP Group. The purpose of the loan is to refinance existing projects spanning an area of 58,200 sqm, and finance the construction of another 21,700 sqm of warehouse facilities within the MLP Poznań and MLP Poznań II logistics parks.

ESG

Poland LEED by the seaside

schedule 14 May 2024
Opr./edited by JC

Sopot Marriott Resort & Spa, inaugurated in 2012, has been awarded the LEED Gold certification in the Operations and Maintenance category, granted to existing buildings.

Office & mixed-use development

Poland Engineers will move into Brain Park

schedule 14 May 2024
Opr./edited by ANZ

Volvo Tech Hub will occupy 10,000 sqm of space in the Brain Park C building owned by Echo Investment. The new part of Volvo Car Poland will move into the Kraków office building in stages, starting in September 2024. 

Investment & finance

Poland mBank finances City Logistics Kraków III

schedule 14 May 2024
Opr./edited by JC

Panattoni has received financial support for the development of the City Logistics Kraków III project. The EUR 21 mln loan granted by mBank will make it possible to finalise the construction of the logistics park, located in Kraków’s Nowa Huta district.

Warehouse & industrial

Poland 7R partners up with Wood & Company

schedule 13 May 2024
Opr./edited by JC

7R has started a partnership with Wood & Company to jointly realize the development of 7R Park Tczew III. The first of four warehouses, mostly leased by ESA logistika Polska, has just been commissioned by Dekpol Budownictwo, while further halls are in the pipeline.

Investment & finance

Poland Real money for Real Management

schedule 13 May 2024
Opr./edited by JC

Real Management has signed a loan agreement with mBank for over EUR 14 mln in funding for construction of the Good Point V warehouse and production park in Łubna.

Warehouse & industrial

Poland Neopak has chosen Panattoni

schedule 13 May 2024
Opr./edited by JC

Industrial packaging distributor Neopak is to move its main warehousing facilities to Panattoni Park Warsaw South IV, where it is to occupy over 10,500 sqm of warehouse and office space.

Office & mixed-use development

Poland Office House won't get any higher

schedule 13 May 2024
Opr./edited by JC

The Office House building in the Towarowa 22 project has reached its target height of nine floors. Installation of energy-efficient glass has begun on the façade.

Eurobuild CEE

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

schedule 13 May 2024
Eurobuild CEE

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!

Office & mixed-use development

Poland Eurocash stays at Diuna for longer

schedule 10 May 2024
Opr./edited by ANZ

Eurocash Group is staying at the Warsaw office complex, part of the portfolio of Pine Bridge Benson Elliot and Syrena Real Estate, for the next few years. Eurocash has signed a lease for four floors in Building A at Diuna, totalling nearly 4,600 sqm.

Investment & finance

Poland Another large transaction for Panattoni

schedule 10 May 2024
Opr./edited by ANZ

A specialist real estate investor has purchased the Panattoni Park Poznań XI for EUR 92.5 mln. The centre is one of the main logistics hubs for a leading European fashion platform for its operations.

Latest in Eurobuild CEE

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!

schedule 16 August 2022

Łódź Rediscover returns!

We are delighted to invite you to the latest conference devoted to the Łódź investment market, organised (after a long break) by the City of Łódź and Eurobuild CEE. If you work in the real estate sector and are interested in the Łódź market in any way – you simply cannot miss this event!

schedule 20 July 2022

The year’s premier warehouse conference – the date and the place!

The most prestigious and well-established conference for the Polish industrial real estate sector, The 18th CEE Warehouse and Logistics Conference organised by ‘Eurobuild CEE’, is to be held on November 24th at the Marriott Hotel in Warsaw. Make sure you take part in this crucial event!

schedule 13 June 2022

Eurobuild CEE on Telegram!

Did you know that Telegram is now the world's most popular internet messenger? Well, our channel is already on it!

schedule 25 May 2022

An active Friday with Eurobuild!

The day after tomorrow, Eurobuild's two largest sports events for the real estate industry will take place - the 21st Annual Golf Tournament and the 17th Annual Tennis Tournament. The winners will be celebrated, according to tradition, during the evening party. We are closing the list of participants in a few hours!

schedule 25 March 2022

Grzegorz Kolodko to open Eurobuild conference

On April 14th, at the Westin Hotel in Warsaw, you will have the chance to meet up with leading industry experts during the 8th Investment Market Conference, an event that will be graced with a lecture by a world-class economist.

Edition 5 (288) May 2024

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