PL

Looking beyond the capital

Events
POLAND In Q3 2019, once again more office space was under development in Poland’s regional cities than in Warsaw with around half of this volume in Kraków and Wrocław.

At the 25th Annual Property Market Convention organised by Eurobuild on November 26th in Warsaw’s hotel Bristol, the question was posed of whether the regions are now trying to directly compete with the capital. The panel was moderated by Monika Sułdecka-Karaś, a partner at Knight Frank, who pointed out during her introductory presentation that 53 pct of Poland’s office space is in Warsaw. However, 880,000 sqm is under development in the regions, whereas 790,000 sqm is now under construction in the capital. “We only have operations in Łódź,” replied Anna Celichowska, the leasing director at Virako, when asked about the competition between the capital and the regions. “I don’t agree that the regions are competing with Warsaw. Regional cities, e.g. Łódź, are developing in this sector shorter than the capital city,” she added. “We started in Kraków,” said Sebastian Świstak, the director of the Warsaw branch of Cavatina. “Everywhere but Kraków is a region for us,” he added with a laugh. “And about lease agreements? The further from Warsaw, the shorter they are?” she asked Piotr Szafarz, head of the real estate practice at Dentons. “Not necessarily,” he answered. “It all depends on where the building is and its standard. The region is not important in this regard,” he explained.

The vacancy rate on the office property market is currently 9.1 pct in the regions and 8.2 pt in Warsaw. The moderator asked how thisaffects the willingness of banks to finance projects. Grzegorz Trawiński, the director of the real estate financing at Mbank, explained that everything depends on the city, what its prospects are and how liquid the market is. “We also pay attention to who the investor of the project is,” he said. “Even if we are dealing with a local investor, we must be sure that working with them will be profitable. We have a fairly uniform procedure when it comes to granting financing and we don’t do anything speculatively,” he added.

Latest news

Warehouse & industrial

GERMANY MLP Group starts work on Berlin park

schedule 12 August 2020
Opr./edited by NN

Polish warehousing developer MLP Group is about to start the construction of MLP Business Park Berlin I, a city logistics project located to the south of the city.

Office & mixed-use development

POLAND Kajima completes Oponeo HQ

schedule 12 August 2020
Opr./edited by NN

Kajima Poland has completed the extension and reconstruction of the Bydgoszcz headquarters of tyre e-retailer Oponeo.pl.

Office & mixed-use development

POLAND Polish office market surviving but set for a correction – C&W

schedule 12 August 2020
Opr./edited by NN

The total office stock in Poland’s nine largest cities grew by 6 pct y-o-y in H1 2020, despite the lockdown, according to research by Cushman & Wakefield.

Technology

Poland Robot blasts germs with UV

schedule 11 August 2020

The first Polish robot to use UV-C light for disinfection has been put to use in a hospital in Wrocław.

Technology

Poland Robots replace dinner ladies

schedule 11 August 2020

The first fully automated canteen in Poland is to open in Sky Tower in Wrocław.

Property and Facility Management

CZECH REPUBLIC Savills for Cimex again

schedule 11 August 2020
Opr./edited by NN

Cimex Group has appointed Savills as the property and leasing manager for twelve commercial properties across the Czech Republic.

Warehouse & industrial

Poland Work to start on City Logistics Warsaw Airport II

schedule 11 August 2020
Opr./edited by AH

Panattoni has just announced a Warsaw development, which is to be built on a 1.9 ha site next to the S7 junction with the S8 expressway around six kilometres from Warsaw's Chopin Airport. City Logistics Warsaw Airport II, which is to be built on Warsaw's city limits, will have an area of 9,000 sqm and construction work is to begin in August.

Investment & finance

HUNGARY CPI raises HUF 30 bln from green bonds

schedule 10 August 2020
Opr./edited by NN

Czech real estate developer CPI Property Group auctioned HUF 30 bln (app. EUR 86 mln) of senior unsecured green bonds with a ten-year bullet maturity on August 5th.

Warehouse & industrial

POLAND Warehouse vacancy creeps up

schedule 10 August 2020
Opr./edited by NN

Both warehouse take-up and supply reached high levels in H1 2020 in Poland, according to Cushman & Wakefield's latest report on the Polish industrial market.

Interior design

POLAND C&W shows off new Hub HQ

schedule 10 August 2020
Opr./edited by NN

Cushman & Wakefield has completed the move of its Warsaw offices to The Warsaw Hub, which has just come into use.

Office & mixed-use development

POLAND Pretty unvacant in the TriCity

schedule 10 August 2020
Opr./edited by NN

The TriCity office market now has the lowest vacancy of all the major cities in Poland, according to Walter Herz.

Green projects

Hungary LEED Gold for BudaPart

schedule 10 August 2020
Opr./edited by AH

The first office building within Property Market's BudaPart development in Budapest has been awarded LEED 'Gold' certification.

Retail & leisure

BULGARIA Sofia retail rents set to keep on sliding – Colliers

schedule 10 August 2020
Opr./edited by NN

The amount of absorbed retail space in Sofia in H1 decreased by 30 pct compared to H2 2019 to just over 9,000 sqm, according to Colliers International.

Investment & finance

SLOVAKIA Slovak investment weathers the storm

schedule 10 August 2020
Opr./edited by NN

The H1 2020 investment volume in Slovakia reached EUR 432 mln – a 66 pct increase on the same period last year, according to CBRE.

Public buildings

SERBIA Sava Centar on sale for EUR 27.42 mln

schedule 07 August 2020
Nathan North
deputy editor

The City of Belgrade has put the Sava Centar congress hall up for auction with a starting price of EUR 27.42 mln.

Public buildings

LATVIA Corner House in Riga up for sale

schedule 07 August 2020
Opr./edited by NN

VNĪ, the Latvian state real estate company, is putting up for sale Tetera House (or the Corner House) in Riga.

Investment & finance

ROMANIA Romanian investment shakes off sluggishness

schedule 07 August 2020
Nathan North
deputy editor

Around EUR 408 mln was transacted on Romanian in H1 2020 – an 18 pct y-o-y increase, despite the pandemic, according to Colliers International’s latest Romanian market update.

Office & mixed-use development

HUNGARY Skanska to begin H20ffices in Budapest

schedule 07 August 2020
Opr./edited by NN

Skanska has announced that it will be starting work on its H2Offices development in central Budapest this quarter.

Office & mixed-use development

POLAND BGK finds the right Alchemia

schedule 07 August 2020
Opr./edited by NN

Bank Gospodarstwa Krajowego (BGK) has leased 550 sqm of office space for its new regional office in the Aurum building in the Alchemia complex in Gdańsk.

Warehouse & industrial

POLAND Polish warehouses in record-breaking form in H1

schedule 07 August 2020
Opr./edited by NN

The Polish warehouse market maintained its robust momentum with a record 2.38 mln sqm leased on the Polish warehouse market in H1, according to Axi Immo’s ‘Polish Warehouse Market in H1 2020’ report.

Latest in Events

schedule 17 July 2020

Out for a spin with Immofinanz

Immofinanz has been involved in Eurobuild Conferences’ ‘Suits on Bikes’ project since the very first time the event took place, and, naturally, this year’s no exception. For many years, the company has been consistent in promoting cycling as a healthy and safe means of transport.

schedule 15 July 2020

A send off from the Ambassador

This year, one of the starting points of our ‘Suits on Bikes’ cycle ride will be in Warsaw’s Służewiec business district. The starting point will be the Ambassador Office Building owned by Hines, which is located at ul. Domaniewska 34a.

schedule 08 July 2020

Changing with the times

Summer at Eurobuild has never been so hot! We have a new editor, a new website, and soon we’ll be moving to our new headquarters. And, with the announcement of their rescheduled dates, a lot of heat and excitement are being generated for our sports tournaments!

schedule 08 July 2020

Blue skies return for golf

Great news for those who were disappointed by the cancellation of Eurobuild’s annual golf tournament – it’s now back on! And it will be taking place very soon, on September 11th in Rajszew just outside Warsaw.

schedule 08 July 2020

Tennis is back in the game!

Great news for tennis fans. Eurobuild’s 15th Annual Tennis Tournament, which unfortunately had to be postponed because of the pandemic, will now take place on September 11th at the Warszawianka Tennis Club.

schedule 12 May 2020

Wait and see

POLAND Sit down and tune in to the ‘Wait and See’ webinar! The online discussion will take place on May 19th.

schedule 28 April 2020

Remote - but with Eurobuild

POLAND Some situations give us added motivation to do something more… out-of-the-box. The pandemic has prompted us to take steps to ensure your safety while at the same time keeping Eurobuild going – and we hope we will have your support in this. So we are pleased to announce that the 11th Office Market Conference for Poland. Trends & Outlook will take place on May 26th – and for the first time it will be entirely online.

schedule 02 March 2020

MIPIM moved to June

EUROPE Reed MIDEM, the organiser of the MIPIM real estate fair in Cannes, has announced that this year’s event has been postponed from March 10–13th to June 2–5th due to concerns surrounding the spread of Covid-19, more widely known as the coronavirus.

schedule 06 February 2020

Polish finalists at MIPIM Awards 2020

WORLD This year’s MIPIM Awards finalists include three Polish projects: Monopolis in Łódź, Elektrownia Powiśle – Offices in Warsaw and Granaria in Gdańsk.

schedule 20 January 2020

2020 conference season gets going

POLAND The first Eurobuild CEE conference of 2020 – the 6th Invested Interest - Investment Market Conference – is to take place quite early in the year, on February 27th.

schedule 12 December 2019

Small is beautiful – and desirable

POLAND In Poland we are still at an initial stage of the development of the institutional rental market, which is why interest from large investors has so far been negligible, but there are signs that we are going in the right direction; and significant acceleration should be expected in this sector given favourable conditions – according to the speakers on the residential discussion panel at the 25th Annual Property Market Convention held by Eurobuild Conferences at the Bristol Hotel in Warsaw.

schedule 11 December 2019

Looking beyond the capital

POLAND In Q3 2019, once again more office space was under development in Poland’s regional cities than in Warsaw with around half of this volume in Kraków and Wrocław.

schedule 10 December 2019

Creativity and symbiosis on the retail market

POLAND Shopping centre owners in Poland are coping increasingly better with the effects of the Sunday retail ban by enhancing their entertainment and food & beverages ranges.

schedule 09 December 2019

Robert Dobrzycki: I will never leave Poland

POLAND Robert Dobrzycki, the managing director of Panattoni Europe, was given the honour of closing the 25th Annual Property Market Convention held in the Bristol hotel on 26th November organised by Eurobuild Conferences.

schedule 12 November 2019

Big or small shopping?

POLAND A clash of two retail titans awaits us at Eurobuild’s 25th Annual Property Market Convention.

schedule 18 October 2019

Office stars shine

POLAND The office Oscars have been awarded for the third time! Fifteen winners have been chosen in the Office Superstar 2019 awards held by CBRE and five companies received distinctions for their office arrangements.

schedule 14 October 2019

You ask the questions, Robert Dobrzycki has the answers

POLAND Eurobuild Conferences has enlisted another heavyweight to be thrown into the ring to take on a barrage of questions from the audience of the 25th Annual Property Market Convention.

schedule 11 October 2019

What’s going down in real estate?

POLAND The 25th Annual Property Market Convention organised by Eurobuild Conferences will be taking place on November 26th.

schedule 05 September 2019

Olle Zetterberg to attend Łódź Rediscover conference

POLAND Business districts evolve. We want to work in friendly and comfortable places designed with our well-being in mind. How can we provide such places by reviving areas of city centres?

schedule 04 September 2019

Weaving your way to Łódź

POLAND If you’re planning to attend our Łódź Rediscover conference in September, it’s worth taking a look at some of the attractions we are preparing for our guests on the evening of the event.

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