PL

Poland in the spotlight or at the crossroads?

Events
POLAND Poland is an attractive investment destination with a central continental location with high standards of production. How is the real estate market to develop while GDP, consumption and industrial production are all rising and how is the warehouse and logistics market to develop now that Poland is part of the New Silk Road?

These were some of the questions addressed by the first panel of the 4th Invested Interest - Investment Market Conference organised by Eurobuild Conferences, which was devoted to Poland's position in the international investment arena. “Our geographical location adds to our attractiveness for investors and so does the size of our market and our rapid economic growth. We are also lucky in as much as we started late, so production in Poland is better thought-through. As a result our properties are of high quality. We can see particularly quick growth in the hotel sector, which so far has been suffering from limited supply. The logistics market is also growing quickly. We are not behind in terms of more traditional assets such as offices, shopping centres and logistic centres. Furthermore, we are also expecting another record year, and investment in Polish real estate should be in excess of EUR 5 bln,” claimed Piotr Piasecki, the head of corporate finance at JLL. According to Przemysław Kucharski, an attorney and a managing partner at Kucharski & Partners, who moderated the panel, the logistic market is going through a golden age. “It is hard to disagree with this claim. We see that the prospects are good not only here in Poland but also in the other countries we are present in. However, Poland has very solid economic foundations for sustained growth – because of its location and the overall health of its economy. This also attracts investors who are start to expand into Poland from the logistics sector,” argues Karina Trojańska, the chief operating and financial officer in Poland at Panattoni Europe.

“How is the development of the New Silk Road changing the situation in Poland and the region?” asked Przemysław Kucharski.

“This is a spectacular project which will connect 65 countries with 65 pct of the population of the globe with a 30-40 pct share of global GDP. This is creating a number of indirect opportunities for Poland, such as improving transport infrastructure and new retail opportunities. We could also benefit directly from it. – The New Central Polish Airport is talked of as a part of the project,” points out Piotr Klapkowski, the China desk leader at Savills Polska.

“Poland is a very interesting market. We have a lot of institutional investors supporting us, who care about reliable returns and value predictability. Poland is also attractive to companies investing in real estate, so the competition to buy the best buildings is very intense and you have to work hard to win them. There is of course the question of the political situation – which you have to keep an eye on but the first thing to focus on is the fundamentals,” claims Jarosław Wnuk, of Bluehouse Capital. “The rapid growth of the market is encouraging developers to begin new projects and one of the main drivers is the office market. What prospects does this segment have?” asked the moderator.

“The market is changing fast and we are trying to keep up. We have 300,000 sqm in seven developments. We operate mainly on regional markets but we’re also in Warsaw. We are planning to invest more in these locations but we’re not just limiting ourselves to Poland. We’re also looking at London and Berlin,” stated Monika Rogucka, the Warsaw director of commercialisation at Cavatina.

Latest news

Investment & finance

HUNGARY Futureal secures EUR 50 mln loan for Budapest One 3

schedule 28 September 2021
Nathan North
deputy editor

Futureal has secured a loan of almost EUR 50 mln (app. HUF 17 bln) from Hungary-based MKB Bank to finance the third phase of its Budapest One office development.

Warehouse & industrial

POLAND Poczta Polska expands into 7R Gdynia park

schedule 28 September 2021
Opr./edited by NN

Poczta Polska (the Polish Post Office) has leased 3,300 sqm of warehouse space and almost 1,000 sqm of offices in 7R City Flex Gdynia.

Investment & finance

POLAND Globalworth sells five Warsaw buildings for EUR 123 mln

schedule 27 September 2021
Nathan North
deputy editor

Globalworth has agreed to sell five Warsaw office buildings to 5th Corner for around EUR 123 mln.

Warehouse & industrial

SLOVAKIA RajHračiek to open Senec hub

schedule 27 September 2021
Opr./edited by NN

RajHračiek has leased 5,300 sqm in Antracit Park Senec – a built-to-suit project developed by Antracit Property, part of Slovakian construction group HSF System.

Investment & finance

ROMANIA One United buys historic building

schedule 27 September 2021
Opr./edited by NN

One United Properties has bought an historic building at Strada Georges Clemenceau 2 in central Bucharest for EUR 4.9 mln.

Warehouse & industrial

CZECH REPUBLIC Cube to open plant in CTPark Cheb

schedule 24 September 2021
Opr./edited by NN

German bicycle manufacturer Cube is to open a 10,000 sqm production plant in CTPark Cheb in the far west of the country.

Warehouse & industrial

POLAND Uni-logistics leases in Panattoni Park Tricity East VI

schedule 24 September 2021
Opr./edited by NN

Polish freight company Uni-logistics has leased 5,825 sqm of warehouse and office space in Panattoni Park Tricity East VI.

Office & mixed-use development

Poland Torus starts work on Punkt

schedule 23 September 2021

Construction work has begun in the Wrzeszcz district of Gdańsk on the Punkt office building.

Investment & finance

Poland LCP on spending spree

schedule 23 September 2021

The Pasaż Warmiński retail park in Lidzbark Warmiński has been purchased by LCP.

Investment & finance

Poland White Stone buys in Bielany

schedule 23 September 2021

White Stone has bought a second plot of land in the Huta Warszawa area of Warsaw’s Bielany district next to the Młociny metro station.

Investment & finance

POLAND Galeria Malta in Poznań changes hands

schedule 23 September 2021
Nathan North
deputy editor

The Galeria Malta shopping centre in Poznań has been sold by Sierra Balmain. The buyer and the transaction price have yet to be disclosed.

Property and Facility Management

POLAND JLL to fit out 13 CPI office buildings

schedule 23 September 2021
Opr./edited by NN

JLL has been chosen to manage the comprehensive fit-out projects for 13 office buildings owned by CPI in Warsaw with a combined area of 320,000 sqm gla.

Retail & leisure

SLOVAKIA Eperia second stage opens in Prešov

schedule 23 September 2021
Opr./edited by NN

JTRE is to open the second stage of the Eperia shopping centre in Prešov in eastern Slovakia today (September 23rd).

Warehouse & industrial

POLAND Panattoni takes Action in Bieruń

schedule 23 September 2021
Opr./edited by NN

Panattoni is completing a 60,800 sqm logistics centre in Bieruń in Upper Siliesia for retail chain Action.

Office & mixed-use development

Poland C&W take on Podolska 21

schedule 22 September 2021

Cushman & Wakefield has been appointed as an exclusive leasing agent and is to commercialise the 13,500 sqm Podolska 21 office building in Gdynia.

Warehouse & industrial

Poland Silesian warehouse boom

schedule 22 September 2021

Between Q3 2020 and the end of Q2 2021, 1.1 mln sqm of warehouse space was leased across Upper Silesia, with only the Warsaw region seeing more leasing activity, according to the latest figures from Axi Immo.

Green projects

World Skanska to be even greener

schedule 22 September 2021

Skanska has announced it will tackle its own greenhouse emissions more aggressively and cut its 2015 CO2 emissions by 70 pct by 2030.

Retail & leisure

Poland Retail centre development at full throttle

schedule 22 September 2021

This year around 209,000 sqm gla in retail parks is expected to come onto the market, according to the 'Retail parks and convenience centres in Poland' report published jointly by Trei and JLL.

Investment & finance

POLAND BentallGreenOak loaned EUR 90 mln for portfolio buy

schedule 21 September 2021
Nathan North
deputy editor

PBB Deutsche Pfandbriefbank has provided a EUR 90 mln investment loan and VAT facility to BentallGreenOak for the acquisition of a Polish warehouse portfolio.

Warehouse & industrial

ROMANIA Golden Fish wish granted in CTPark Bucharest North

schedule 21 September 2021
Opr./edited by NN

Romanian wholesale company Golden Fish has moved into its new 14,500 sqm facility in CTPark Bucharest North.

Latest in Events

schedule 09 September 2021

Elektrownia Powiśle a world-beater

Elektrownia Powiśle in Warsaw has been voted the world’s best mixed-use development at the MIPIM Awards, which have just been held in Cannes.

schedule 08 September 2021

The 11th Eurobuild Awards Gala on September 30th!

Soon we will all be able to meet again at the most important real estate event of the year – the Eurobuild Awards Gala! We will be waiting for you on Thursday, September 30th, at the DoubleTree by Hilton hotel in Warsaw’s Wawer district. Once again, we will be honouring the most outstanding people, projects and companies on the property market!

schedule 02 September 2021

Let’s celebrate another great year for warehouses together!

The atmosphere at Eurobuild’s 17th Central and Eastern Warehouse and Logistics Conference will certainly be unusual – the sector is booming despite (or even because of) the pandemic, but as the situation improves we can now hold the meeting in a hybrid format. And so, it is our pleasure to invite you to attend the event, either at the Westin Hotel in Warsaw or via your screens, on October 21st!

schedule 31 August 2021

Axi Immo co-produces movie

Last Friday, the Kinga Dębska film ‘Zupa Nic’ [‘Nothing Soup’] – a prequel to her 2015 hit film entitled ‘Moje Córki Krowy’ – opened in Polish cinemas. Industrial leasing agency Axi Immo has once again acted the co-producer of a film by this director.

schedule 14 July 2021

Wheels on fire!

Our hopes for a rain-free day were fulfilled beyond all our expectations. The fifth ‘Suits on Bikes’ cycle ride and forum was held on a day blessed with sunshine and at temperatures that reached 30⁰C. This made it the hottest bike ride and party yet – and the symbolic work suits traditionally worn at each previous event were certainly not the order of the day. Only a few people decided to take part in their formal clothes, opting instead for sports shirts and shorts.

schedule 29 June 2021

Pedal-power from Portico

Portico Project Management is another of Eurobuild’s partners who are keen to encourage their employees to cycle to work and thus promote the ideal of ​​sustainable transport. And the company’s president himself sets the perfect example.

schedule 21 June 2021

Back to business as usual – soon!

Eurobuild’s 12th Office Market Conference for Poland – Trends and Outlook took place in a time that will be remembered as filled with events that took place exclusively online. This event was no exception and therefore we are very grateful to the guests who accepted our invitation to take part in this virtual meeting, that they found time for us, and were willing to share their expert knowledge.

schedule 16 June 2021

World-beating management

However much we might want to focus exclusively on real estate issues, since Euro 2020 started football is never too far from our thoughts – so we’ll try to keep references to the tournament to the minimum in this latest announcement for one of the discussions that will take place during Eurobuild’s 12th ’Polish office market. Trends and Outlook’ conference.

schedule 15 June 2021

Know the score after the big game changer for the office market

As you may have noticed, the 2020 European Football Championships are now finally underway, after being postponed for a year due to the outbreak of the coronavirus pandemic. In the meantime, Eurobuild has been regularly organising online events featuring experts in particular real estate sectors. On June 17th, our latest conference, dedicated to the office sector, will also take place: The 12th Office Market Conference. Trends and Outlook.

schedule 14 June 2021

The office market gathers for our latest conference

Eurobuild’s 12th Office Conference ‘Trends and Forecasts. The Polish Office Market’ is fast approaching! This Thursday at 9:30 am, it will open with a panel devoted to the office development market and the revolution triggered by the pandemic.

schedule 02 June 2021

Singles or doubles – everyone’s a winner

Winning in the tennis doubles does not entirely depend on whether the partners regularly play together, but it certainly makes it much easier to challenge for the main trophy if they do.

schedule 02 June 2021

Monika Żywiecka successfully defends her title

On the eve of the 16th Annual Eurobuild CEE Tennis Tournament, several people could be seen on the courts of the Warszawianka club, getting in some last minute training before the competition. Among them was Monika Żywiecka. And, as everyone knows, practice makes perfect.

schedule 01 June 2021

A hat-trick of tennis crowns for Krzysztof Stempień!

Krzysztof Stempień has won the men’s singles at the 16th Eurobuild CEE Annual Tennis Tournament. This is the third time he has won this competition – and even more remarkably, he’s actually won it three times in a row.

schedule 13 May 2021

myhive Warsaw Spire – the ‘Suits on Bikes’ starting point

myhive Warsaw Spire is now an established landmark of Warsaw’s Wola district, an office tower that probably no one needs a map or an app to find. Therefore it’s also the perfect meeting point for those taking part in our annual ‘Suits on Bikes’ cycle ride

schedule 05 May 2021

Brainstorm – a new discussion for our online conference

This last year has been a time of many changes, presenting considerable challenges for every business. In such a situation, it’s best to turn to the sector’s main experts and major players for their opinions and for inspiration, which is why Eurobuild CEE is launching a new online discussion format – on June 17th it will be time for us to Brainstorm!

schedule 04 May 2021

The 12th Office Market Conference for Poland – Trends & Outlook has a new date: June 17th

We had already got used to the fact that we would be meeting you at our office sector conference in May. However, we would like to inform you that we have been forced to postpone this year’s event – the new date of the conference is June 17th.

schedule 28 April 2021

10, 20, 30 questions to... Jeroen van der Toolen

I’m sure we all miss face-to-face meetings, but let’s take a look at the brighter side of the internet. Online events do actually have their advantages, such as their broader reach and the ability to talk to real estate experts from anywhere around the world. Will the online format also work for Eurobuild’s 12th Office Market Conference for Poland – Trends and Outlook?

schedule 23 April 2021

Don't stop me now!

‘Don’t stop me now!’ – The real estate market has been riding on a very rocky road over the last year, but it now seems that a long, clear path of rapid growth has opened up before it.

schedule 20 April 2021

Living on my own

The PRS market in Poland is still in its infancy, but a few pioneers have already laid solid foundations for its further development. In front of our very eyes, Poland is being turned into one of the PRS’s promised lands on the map of Europe.

schedule 15 April 2021

REdefinition, REduction and REnegotiation in the office sector

Despite the switch to remote working, office buildings have not become a thing of the past, although their function has been REdefined – offices are now places for meetings and creative teamwork. The REduction of occupied space and the REnegotiation of lease agreements have also become commonplace. In a week’s time, at Eurobuild’s 7th INVESTED INTEREST Investment Market Conference, we will discuss the new reality facing the office investment market.

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