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E-commerce set to accelerate with Coronavirus

E-commerce
POLAND Cushman & Wakefield is cautious about predicting how the coronavirus pandemic will change online shopping habits but notes that many Polish companies are expecting a massive increase in their online orders.

Vistula Retail Group expects online sales to represent 24 pct of revenue for the first quarter compared to 15.5 pct last year. CCC Group expects 45 pct of revenue to be online in March, while for 2019 the figure was only 25 pct. The consultancy also points out that many of the major Chinese internet firms gained their footing during the SARS health crisis of 2002/2003. In the USA Amazon is hiring 100,000 new employees and raising wages by USD 2 per hour. In Poland Cushman & Wakefield suggest that having an efficient warehouse system will come to be seen as an element of competitive advantage as more companies start providing same day delivery. The clear winners of the coronavirus crisis will be courier companies which by 2023 should be handling up to 850 mln parcels worth up to PLN 12 bln.

“Certainly, consumers who are currently staying at home and shopping online to avoid the risk of infection will also look more favourably on e-commerce once the pandemic is over. This will lead not only to growth in industries that are already popular (clothing, electronics), but also those that were marginal until the crisis, such as e-grocery, which has a 1 pct share of total e-commerce,” says Damian Kołata an associate at Cushman & Wakefield.

Latest news

Investment & finance

Germany Panattoni Park Voerde changes hands

schedule 19 April 2024
Opr./edited by ANZ

Panattoni has completed a sales transaction in Germany. Clarion Partners Europe has acquired a prime logistics hub for EUR 75 mln near Duisburg.

Material partner

Poland Excellent Fern at Off Piotrkowska

schedule 04 April 2024
Eurobuild CEE

Intensive commercialization of the multifunctional Fern building under construction at Off Piotrkowska Center has begun. A modern building, the construction of which will start at the turn of 2024/2025, offers 4,700 sqm of service space and 2,700 sqm of office space.

ESG

Poland Outstanding Kreo

schedule 18 April 2024
Opr./edited by ANZ

Kreo, Ghelamco's Kraków office project, has achieved BREEAM certification at the Outstanding level. The building also has a WELL and Green Building Standard pre-certificate, and is also in the process of Smart Score, Wired Score and "Barrier-free building" certification.

Investment & finance

Romania Flats, offices and hotels on the agenda

schedule 18 April 2024
Opr./edited by ANZ

One United Properties has unveiled its strategy for the coming years. It plans to triple its residential offer by 2030, expand its commercial sector and build hotels in Bucharest in partnership with global brands.

Investment & finance

Poland EUR 1.5 bln on acquisitions in Poland

schedule 18 April 2024
Opr./edited by ANZ

Baltisse and Straco Real Estate acquire majority stake in Speedwell, expanding reach into Romania and entering Polish market. Speedwell wants to spend at least EUR 1.5 bln on acquisitions in Poland in the coming years. 

Land acquisitions

Germany More land for Garbe

schedule 18 April 2024
Opr./edited by JC

Garbe Industrial Real Estate has secured another plot of land in Rüdenhausen, Germany. The Hamburg-based project developer is planning a logistics centre with a total area of around 19,200 sqm on the site.

Warehouse & industrial

Poland The warehouse giant in Targówek has woken up

schedule 17 April 2024
Eurobuild CEE

The JV of Partners Group and Peakside Capital Advisors has completed the construction of the first warehouse facility in City Point Targówek. The 7,000 sqm building fully leased to DPD Polska is the part of a complex which will provide nearly 100,000 sqm space in the biggest park of last-mile logistics in the Warsaw boundaries.

Retail & leisure

Poland Good start for Polish retail

schedule 17 April 2024
Opr./edited by JC

Cushman & Wakefield has summarised the situation on the Polish retail market. The opening of 2024 is encouraging and new retail space supply in the coming months is likely to match or even surpass last year’s total.

Residential

Germany Berlin residential market report 2024

schedule 17 April 2024
Opr./edited by ANZ

According to the Berlin 2024 Residential Market Report by real estate financier Berlin Hyp and real estate service provider CBRE, purchase prices have fallen, while pressure on the rental housing market continues to increase. As a result, rental prices are continuing to rise sharply.

Hotels

Germany IHG doubles in Germany

schedule 17 April 2024
Opr./edited by JC

IHG Hotels & Resorts and Novum Hospitality announced a long-term agreement that will double IHG’s presence in Germany to more than 200 hotels in almost 100 cities through Holiday Inn – the niu brand collaboration and European debuts for IHG’s Garner and Candlewood Suites.

Warehouse & industrial

Poland Hillwood makes its debut near Poznań

schedule 17 April 2024
Opr./edited by ANZ

Hillwood Polska has started its first investment in the Poznań market. As part of the Hillwood Poznań - Czempiń project, the company is building a warehouse complex of nearly 130,000 sqm.

Retail & leisure

Czech Republic Prague’s Černý Most shopping mall will grow

schedule 16 April 2024
Opr./edited by ANZ

Centrum Černý Most, a shopping centre in the Prague region, is set to undergo a significant expansion of 9,100 sqm that will add over 30 new shops and restaurants, as well as additional screens to the centre’s multiplex cinema.

Office & mixed-use development

Poland The Bridge has gained its height

schedule 16 April 2024
Opr./edited by ANZ

The structure of The Bridge skyscraper in Warsaw's Wola district has reached its final height, i.e. 174 m. The builders have just completed the last technical floor. Installation and finishing works inside the facility and the assembly of the facade are in progress.

Retail & leisure

Poland Glinianka changes hands

schedule 16 April 2024
Opr./edited by JC

Redkom Development sold 100 pct of shares in the company holding the Glinianka complex. The retail park, located near Warsaw, has been bought by CEE-Big Europe.

Warehouse & industrial

Poland The logistics park in Sulechów is ready

schedule 16 April 2024
Opr./edited by ANZ

Panattoni has finished the last stage of Panattoni Park Sulechów III. The centre has been developed for BestSecret, a European members-only online destination for premium and luxury off-price fashion. The building has a total area of 136,000 sqm, which makes it one of the largest logistics centres in the region.

Warehouse & industrial

Germany CTP builds for Quanta

schedule 16 April 2024
Opr./edited by JC

CTP has signed a deal with Quanta Computer, a Taiwanese company that manufactures computers and electronic hardware, for a 22,500 sqm production facility at CTPark Jülich in northwest Germany.

Warehouse & industrial

Poland Fresenius stays with Prologis

schedule 16 April 2024
Opr./edited by JC

Medical company Fresenius Medical Care has renegotiated its lease of 3,900 sqm of warehouse space and 120 sqm of office space in Prologis Park Poznań.

Events

Poland Piotr Kroenke (1950-2024)

schedule 15 April 2024
Eurobuild CEE

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.

ESG

Poland BIK Park Sosnowiec II is now BREEAM certified

schedule 15 April 2024
Opr./edited by ANZ

BIK Park Sosnowiec II has successfully passed the BREEAM certification at the Very Good level. Last year, BIK Park Wrocław I and II - two other properties from the portfolio of Biuro Inwestycji Kapitałowych - went through the same assessment process.

Investment & finance

Romania Retail is strong in Romania

schedule 15 April 2024
Opr./edited by JC

According to the special research report Romania Retail Destinations 2024, released by CBRE Romania, by the end of 2024 the stock of modern retail spaces in the country will overpass 4.5 mln sqm. It will set a new record for Romania.

Latest in E-commerce

schedule 12 January 2023

This is the end

Shopee is ending its operations in Poland. The Asian e-commerce platform, which debuted in Poland in 2021, intends to focus on operations in other regions of the world.

schedule 22 September 2020

Wildberries now growing in Ukraine

Russia’s largest online retailer Wildberries has entered the Ukrainian market.

schedule 21 May 2020

Wildberries growing in April

POLAND Wildberries, the Russian online retailer that debuted on the Polish market in January, has revealed some of its initial Polish sales figures.

schedule 12 May 2020

Wildberries growing in Slovakia

SLOVAKIA Wildberries, Russia’s largest online retailer, has entered the Slovakian market. The company has also anounced that it is considering investing EUR 200 mln in the development of a distribution centre in the country.

schedule 18 March 2020

E-commerce set to accelerate with Coronavirus

POLAND Cushman & Wakefield is cautious about predicting how the coronavirus pandemic will change online shopping habits but notes that many Polish companies are expecting a massive increase in their online orders.

schedule 30 January 2020

How much CO2 does your fashion sense generate?

WORLD Online second had clothes store Thredup store has created a Fashion Footprint Calculator to calculate the carbon footprint of your purchasing habits.

schedule 04 October 2019

A thousand new DHL Parcel pick-up points

POLAND DHL Parcel will this year have opened 1,000 new locations for despatching and collecting courier parcels.

schedule 26 September 2019

Logistics firms feeling the heat from e-commerce

POLAND According to the recent ‘Supply Chain for E-commerce. How to Meet the Challenges’ report published by DHL Supply Chain, most logistics companies in the contract logistics sector have yet to implement a strategy for the online retail segment.

schedule 28 August 2019

E-commerce is still a big challenge

WORLD Majority of companies have failed to fully implement an e-commerce strategy despite recognizing its importance, according to DHL’s global survey of nearly 900 decision-makers responsible for logistics or supply chain management and e-commerce.

schedule 29 July 2019

Hebe hits the net

POLAND Drugstore chain Hebe has officially launched its online store. Orders across Poland are delivered by courier. In Warsaw, parcels can also be picked up free of charge also in a chosen Hebe store.

schedule 18 July 2019

Airbnb modifies its practices

EUROPE The European Commission has announced that, as a result of negotiations with Airbnb, the platform has improved and fully clarified the accommodation and pricing offered to consumers on its site so that its standards meet EU consumer law.

schedule 17 July 2019

Europe points its big guns at Amazon

EUROPE The European Commission has opened a formal antitrust investigation to assess whether Amazon's use of sensitive data from independent retailers who sell on its marketplace is in breach of EU competition rules.

schedule 16 April 2019

Lidl goes online in Poland

POLAND Lidl is to launch an online store for Poland – lidl-sklep.pl.

schedule 23 January 2019

Chamber for e-commerce

POLAND The Polish Chamber of Digital Commerce (e-Izba) has set up the Retailers Group e-Chamber to support companies who operate in e-commerce and omnichannel sales or are planning to start a business in this sector.

schedule 05 November 2018

Polish online retailers looking to go global

POLAND Around 24 pct of Polish online retailers are currently considering foreign expansion claims the ‘The Challenges of E-commerce’ report prepared by the Kronenberg Foundation at Citi Handlowy.

schedule 26 September 2018

Shopping with a robot salesman

POLAND A Wrocław start-up has created a chatbot to sell and recommend goods to shoppers.

schedule 25 September 2018

Internet traders running up debt

POLAND According to BIG InfoMonitor data, the debts of e-commerce traders came to PLN 126 mln at the end of June this year, up 19 pct on the end of 2017.

schedule 14 September 2018

Zara reorganises online sales

WORLD The Zara store chain is to complete and send out online orders directly from its brick and mortar stores. The Spanish-based Inditex group, which owns the Zara brand, believes it can make online orders easier for shoppers by processing individual orders in their stores. Whenever a product is unavailable online, but can be found in stock at a local store, it can be ordered immediately with home delivery.

schedule 06 September 2018

True innovation from Marks & Spencer

WORLD Marks & Spencer has partnered with True, which operates in the new-tech segment, to focuses on innovation and digital transformation.

schedule 26 July 2018

Almost half of Poles yet to embrace e-commerce

POLAND According to this year’s ‘E-commerce in Poland. Gemius for e-Commerce Poland’ report by Gemius, 44 pct of Polish internet users have yet to make any purchases on the internet.

Edition 4 (287) April 2024

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