PL

Not so easy for general contractors

Events
POLAND "Self-respecting construction companies price their services according to current rates and expect partnership from investors,” said Łukasz Kozerski, the development manager at CFE Polska, during a panel discussion on the problems faced by the Polish construction sector at the 24th Annual Property Market Convention organised by Eurobuild CEE.

He also pointed out that the caution of general contractors is making life for developers more difficult. Having had their fingers burnt on previous contracts, general contractors will often refuse to enter into a new investment if they see even a shadow of a risk.

“We signed several contracts a year and a half ago, when material prices started rising sharply and also in the project estimates, discrepancies appeared between purchase prices and what was budgeted. However, we managed to sort out a few projects by signing a number of annexes. We did not earn as much as we intended but we came out unscathed,” said Łukasz Kozerski. Mateusz Witczyński, the communication manager at Astaldi, stated that sometimes it is not worthwhile for a company to remain in a toxic and unprofitable contract and then, despite the damage done to reputations and the financial losses, you have to take the difficult decision to leave a building site. Astaldi had already walked away from work for PKP [Polish State Railways] on two railway lines between Rawicz and Leszno and between Dęblin and Lublin. “The simplest economic law that prices rise when demand increases was ignored. It didn’t seem to matter to anyone whether the tenders were all announced together or one by one. Nobody thought it through, since the only thing that was important is that we build. It seems to me that this is the problem. We do not realise how much power the state really has and that even gigantic companies are really small on a market that is controlled by the state,” said Mateusz Witczyński. Paweł Sajewicz, an analyst from Euler Hermes, gave a presentation of the latest insolvency figures for construction companies. “In the first three months of this year we had 138 insolvency cases in the construction industry. Last year we had 132 cases over the same period. We are still operating in the problematic market,” he claimed.




Paweł Sajewicz, analyst Euler Hermes


Wioletta Fabrycka, the client relations manager at RD Bud


Mateusz Witczyński, the communication manager at Astaldi


Łukasz Kozerski, the development manager at CFE Polska


From the left: Mateusz Witczyński (Astaldi), Paweł Sajewicz (Euler Hermes), Rafał Ostrowski (Eurobuild CEE, moderator)

Latest news

Investment & finance

Poland Full occupancy across the ELF 2

schedule 14 November 2024
Opr./edited by JC

Savills IM has let the last vacant rental space of the European Logistics Fund 2 (ELF 2) in a logistics property in Konotopa, Poland, on a long-term lease.

Investment & finance

Poland First loan of its kind

schedule 14 November 2024
Opr./edited by JC

Panattoni has been awarded a pioneering green loan from Berlin Hyp worth EUR 74.34 mln. The financing is for a logistics center in Bydgoszcz developed for an e-commerce firm.

Residential

Czech Republic YIT is going to Brno

schedule 13 November 2024
Opr./edited by JC

YIT continues to grow in line with its strategy in the CEE countries. The company is expanding its operations in the Czech Republic and establishes a joint venture with the Czech investor group RSJ Investments.

Investment & finance

Poland Vantage has EUR 100 mln to invest in Poland

schedule 13 November 2024
Opr./edited by ANZ

Hotels

Bulgaria The first Mercure in Bulgaria

schedule 13 November 2024
Opr./edited by ANZ

Mercure, a brand of the Accor Group, announces the opening of its first hotel in Bulgaria. The new property is located in one of Sofia's most prestigious districts, Manastirski Livadi, with easy access to the National History Museum and Vitosha National Park.

Warehouse & industrial

Poland All occupied at Hillwood in Łódź

schedule 13 November 2024
Opr./edited by ANZ

The two Łódź logistics centres - Hillwood Łódź Chocianowice and Hillwood Łódź Górna - have been fully leased. The latest agreement has been concluded at the second facility, with a client from the electronics industry.

Warehouse & industrial

Poland Orlen chooses P3 Piotrków park

schedule 13 November 2024
Opr./edited by ANZ

P3 Logistic Parks and Orlen have signed a lease agreement for nearly 24,000 sqm of space in the P3 Piotrków park. The facility will serve as a warehouse for supplying the corporation's fuel stations.

Warehouse & industrial

Poland Panattoni launches a BTS factory

schedule 12 November 2024
Opr./edited by JC

Panattoni has completed a BTS development in Świdnik. A new factory was built for Trilux, a German company operating in the professional lighting sector.

Office & mixed-use development

Poland Third quarter holds steady

schedule 12 November 2024
Opr./edited by JC

Cushman & Wakefield has summarised the Q3 of 2024 on the largest office markets in Poland. Office take-up in key regional cities remained on par with the figures recorded in the same period in 2023, signifying stability on the office rental market.

Warehouse & industrial

Czech Republic CTP builds for Redcare Pharmacy

schedule 12 November 2024
Opr./edited by ANZ

CTP has began the construction of a new distribution centre of more than 30,000 sqm at CTPark Blatnice in the Czech Republic for Redcare Pharmacy. The building is scheduled for completion in July 2025.

Warehouse & industrial

Poland DHL warehouse is fully automated

schedule 08 November 2024
Opr./edited by JC

DHL Supply Chain opened its first warehouse in Poland equipped with AutoStore. The robotised facility in Gorzów Wielkopolski marks the first deployment of the automated system by the company.

Warehouse & industrial

Poland Panattoni makes space for XBS

schedule 07 November 2024
Opr./edited by JC

Panattoni is constructing the third and final building in the Panattoni Park Warsaw West development. The 16,460 sqm facility is being built to meet the needs of XBS Logistics.

Investment & finance

Poland Green loan signed for Warsaw Spire

schedule 07 November 2024
Opr./edited by JC

Immofinanz signed a new five-year, EUR 180 mln green loan with Helaba, pbb Deutsche Pfandbriefbank and Berlin Hyp, secured by myhive Warsaw Spire. The office tower offers over 71,000 sqm of GLA and holds a BREEAM Excellent certification.

Warehouse & industrial

Germany Full occupancy at Niedersachsenpark Rieste

schedule 07 November 2024
Opr./edited by JC

Garbe Industrial Real Estate is leasing its last available plot in Niedersachsenpark Rieste to a provider of logistics services. The company plans to use an 11,500-sqm hall there to store and handle components for the process chain of a car manufacturer.

Office & mixed-use development

Romania Furniture retailers choose office buildings

schedule 06 November 2024
Opr./edited by ANZ

Insignis concept store, a furniture retailer, has rented space on the ground floor of The Bucharest Business Park. Three other companies that sell furniture have recently rented sales spaces in office buildings in the northern area of Bucharest, the total area exceeding 10,000 sqm.

Eurobuild CEE

Poland November issue of Eurobuild

schedule 05 November 2024
Eurobuild CEE

The new issue of Eurobuild is already here, with the first summaries of the passing year, numerous interviews and reports from market events: our annual warehouse and office conferences and from Expo Real 2024 in Munich.

Office & mixed-use development

Poland Warsaw office market back in the game

schedule 05 November 2024
Opr./edited by ANZ

According to a report 'Office Market in Warsaw in Q1-Q3 2024', published by Axi Immo, developer activity in the Warsaw office space market is progressively increasing. More than 70,000 sqm finished by the end of September 2024 and around 280,000 sqm under construction in the coming years, demonstrate that investors and developers are moving the industry forward.

Office & mixed-use development

Poland The Shire expands in Kraków

schedule 04 November 2024
Opr./edited by JC

GTC, in collaboration with The Shire Beyond Coworking, is opening a new coworking space in Kraków's Korona Office Complex.

Hotels

Czech Republic Juliš changes hands

schedule 04 November 2024
Opr./edited by JC

S Immo has successfully completed a sale of the Juliš Hotel in Prague, with a total leasable area of around 6,700 sqm.

Warehouse & industrial

Poland Panattoni gets millions from BNP Paribas

schedule 04 November 2024
Opr./edited by JC

Panattoni has been granted a loan for the development of a new distribution centre for a leading retailer. The EUR 36.5 mln loan was granted by BNP Paribas.

Latest in Events

schedule 12 August 2024

Winning for families on the beach

The 13th JLL Real Estate Beach Volleyball Charity Tournament, which took place earlier this month, has raised over PLN 800,000 to build the third Ronald McDonald House at a paediatric hospital in Poland.

schedule 09 June 2024

Let's go to the beach

This year's edition of the JLL Charity Beach Volleyball Tournament will take place on 1 August at the Monta Beach Volley Club in Warsaw. Funds raised during the event will for the second time be used to support the construction of the Ronald McDonald House at the Children's Memorial Health Institute.

schedule 03 June 2024

Lots of fun, and well done

As part of the ' Across the Wola district for Autism' charity city game organised by Cushman & Wakefield, real estate companies managed to collect PLN 82,700. The funds will go to the Synapsis Foundation to support the diagnosis and therapy of children and young people on the autism spectrum. "Eurobuild" was a media patron of the event.

schedule 23 May 2024

The sector keeps moving!

Tomorrow, as every year, we will meet at the golf course in Rajszew and at the Warszawianka courts to build relationships, have fun and, at the same time, take care of the condition of... the industry. All this in the spirit of healthy sporting competition.

schedule 09 May 2024

Run with us!

On 24 May 2024, we will inaugurate a new event in the real estate community - Eurobuild's Annual Running Tournament! Participants will run through the green surroundings of the First Warsaw Golf & Country Club in Rajszew. Run along with us!

schedule 15 April 2024

Piotr Kroenke (1950-2024)

We regret to inform you that Piotr Kroenke, long-time general director of GTC and co-creator of many of the company's successes, has passed away.

schedule 02 April 2024

ULI Poland's Game Changers conference in two weeks!

The "Game Changers in the Real Estate World" annual conference organised by the Urban Land Institute Poland is to take place at the Raffles Europejski Hotel in Warsaw on April 17th and 18th 2024. Eurobuild is proud to be a media patron of the event.

schedule 29 March 2024

Savills opens up a new division

Savills expanded its Operational Capital Markets division in Poland to provide advisory services for property investors, developers and operators across all operational real estate sectors. 

schedule 10 February 2021

Media without Choice

The Polish government has just announced the introduction of an additional levy on the media, which it calls an advertising tax, cynically justifying the move as necessary for fighting the pandemic. This new burden will particularly hurt small, private, independent media companies that have already been badly affected by the Covid-19 outbreak.

schedule 22 December 2023

Merry Christmas!

schedule 18 December 2023

Rondo 1 Run Up for the 12th time!

Runner registration has just opened for the next year’s Rondo 1 Run Up.  The event will take place on 16 March 2024.

schedule 21 November 2023

The Eurobuild Awards 2023 – meet the winners!

And now we now all the winners! The jurors, tenants and guests of the Gala have made some difficult but well-considered choices. So, let’s meet this year’s Eurobuild Awards winners!

schedule 04 October 2023

Warsaw bigs it up in Bavaria

Warsaw's stand will be present as usual at the Expo Real investment fair in Munich, which has just got underway. today. This year's theme for the capital is: 'Warsaw - Smart People. Smart Technology. Smart City'. Representatives of the city will be promoting New Warsaw Centre projects and the development of sustainable transport.

schedule 03 October 2023

Let's get started at Expo Real 2023!

One of the most important real estate events in Europe, Expo Real 2023 in Munich, is just about to begin. This year the focus will be on decarbonisation, ESG issues and digitalisation, as well as demographic changes and directions of urban development. Asusual, 'Eurobuild CEE' magazine will be distributed to the fair's visitors.

schedule 04 August 2023

Beach battles and big hearts

The 12th JLL Charity Beach Volleyball Tournament took place on August 3rd, and this year a record number of people attended the event. The winning team in the competition was Muniak, with D&D Devco and Skanska taking second and third place.

schedule 01 August 2023

Registration begins!

Registration for the 13th Eurobuild Awards has now started. All companies operating in the real estate sector are invited to send in their nominations, with there being 20 categories to choose from. 

schedule 30 June 2023

Suits are back on bikes!

This Thursday, July 6, the seventh edition of the "Suits on Bikes" event will take place. Two groups of cyclists will set off at 4:30 pm from under the Arcadis headquarters and Panattoni Cafe, with the finish line at Koneser!

schedule 06 June 2023

Save the date!

It's that time of year when it is once again our great pleasure to invite you to the longest-running and most prestigious conference on the Polish office real estate market.

schedule 19 May 2023

On your bike... to the office

May 19th in the United States is National Bike to Work Day. According to JLL, our part of the world is no exception to the trend for office employees, as well as their employers, to increasing expect amenities for cyclists in the buildings they work in.  

schedule 14 April 2023

Jarek steps into Jeroen’s shoes

As of April 14th, Paul Gheysens, the owner and founder of Belgian development group Ghelamco, has taken over as president of the management board of the group's companies in Poland, while Jarosław Zagórski has become the new managing director, replacing Jeroen van der Toolen in this position.

Edition 11 (293) November 2024

Latest comments

Categories

Zaloguj się

Nie pamiętasz hasła? Resetuj hasło dostępu

Twoje zamówienie

Twoje dane
Utwórz hasło dostępu
Hasło pozwoli na dostęp do materiałów z dowolnego urządzenia
Dane fakturowe i kontaktowe
Podsumowanie zamówienia
Zamówienie netto
Podatek VAT (8%)
Zamówienie brutto
Masz już konto? Zaloguj się
Bezpiecze płatności zapewnia