PL

Economies rebalance in wake of coronavirus

Coronavirus
CEE REGION According to analysis by Colliers International all CEE economies this year are to decline or fall into recession as a result of the coronavirus.
Poland should see a projected fall of 0.1 pct on GDP over the year, the Czech Republic could fall by 5.1 pct, Hungary by 0.3 pct, and Romania by 4.7 pct. So far the number of cases of coronavirus have been low, largely because CEE governments mostly implemented isolation policies early, but Colliers points out to a lack of testing and points out that the numbers could be misleading. CEE retail markets are facing the worst of the restrictive measures with all non-essential brick and mortar retail, F&B, entertainment, DIY, having been closed. E-commerce platforms, particularly food, are thriving and adapting to a huge spike in demand. Regional industry is also facing difficult challenges as the automotive industry has effectively halted production. Where possible, some manufacturers have adapted production to heavily demanded equipment and products for medical and hygiene uses. CEE logistics is thriving as e-commerce operators and distributors adapt to keep supply chains running smoothly as demand spikes from people and business operating under very different circumstances. Additional, short term storage/processing solutions are therefore in higher demand.

Latest news

Investment & finance

Poland MLP closes green notes offering

schedule 10 October 2024
Opr./edited by JC

MLP Group has successfully closed its debut senior green notes offering, worth EUR 300 mln (approx. PLN 1.3 bln). Investor demand far exceeded expectations, resulting in the offering being multiple times oversubscribed.

Material partner

Poland Brownfield rather than greenfield – a model for sustainable development at City Point Targówek

schedule 07 October 2024
Eurobuild CEE

Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures. Traditional infrastructure expansion often requires the development of greenfields, with adverse impacts on both local ecosystems and communities. A sustainable alternative is to revitalise brownfield urban sites, as exemplified by City Point Targówek, a project led by Peakside Capital Advisors.

Investment & finance

Romania FDI stock increase in construction and real estate

schedule 10 October 2024
Opr./edited by ANZ

According to data from the National Bank of Romania analyzed by the Cushman & Wakefield Echinox, the real estate and construction sector became the second largest recipient of foreign capital in Romania, after industry. The sector attracted approx. EUR 2.2 bln of foreign direct investments in 2023, as the share of this economic activity in the overall FDI stock stood at 17.5 pct at the end of 2023.

Eurobuild FM

Warsaw/Munich What's on the horizon in Munich?

schedule 10 October 2024
Opr./edited by ANZ

We are launching a series of short recordings from Expo Real 2024! Featuring forecasts, assessments, comments. Take the time to listen!

Office & mixed-use development

Poland State Street Bank stays in Alchemia

schedule 09 October 2024
Opr./edited by ANZ

PHN has extended its lease agreement for over 10,500 sqm with State Street Bank, the key tenant of the Titanium tower in the Alchemia office complex in Gdańsk.

Investment & finance

Poland Park Szczecin VI gets green financing

schedule 09 October 2024
Opr./edited by ANZ

Accolade has secured EUR 29.5 mln net financing from BNP Paribas Bank Polska for the development of Park Szczecin VI industrial park, located in the Dunikowo Special Economic Zone. The facility will have an area of over 54,000 sqm. 

Office & mixed-use development

Poland Deloitte chooses Hi Piotrkowska

schedule 09 October 2024
Opr./edited by ANZ

Deloitte has leased over 900 sqm in the modern Hi Piotrkowska office complex in Łódź, a facility managed by Master Management Group.

ESG

Poland Environmental awareness in logistics is growing

schedule 08 October 2024
Opr./edited by ANZ

Panattoni has again partnered with law firm HFW and Pledge and Analytiqa to publish the 3rd edition of the 2024 European Logistics Sustainability Report. The results show significant progress in efforts to reduce the sector's carbon footprint.

Office & mixed-use development

Poland Polkomtel chooses GTC

schedule 08 October 2024
Opr./edited by ANZ

Polkomtel, a telecommunications company that is part of the Polsat Plus Group, will move into the Sterlinga Business Center office building, managed by GTC, in Łódź in December. The company will occupy an area of over 3,000 sqm.

Office & mixed-use development

Poland Tezeusz has chosen Galileo

schedule 08 October 2024
Opr./edited by JC

Antykwariat i Księgarnia Tezeusz, a company operating in Poland's second-hand book market, has leased 470 sqm in Galileo, an office building within GTC’s Korona complex in Kraków.

Residential

Poland Profbud builds with Robert Lewandowski

schedule 08 October 2024
Opr./edited by ANZ

Profbud will develop the City of Polish Olympic Champions. Robert Lewandowski is a shareholder, as well as a content partner of the investment, which will be built on the outskirts of Warsaw, in the Lesznowola municipality.

Office & mixed-use development

Poland Kruk has moved into B10

schedule 07 October 2024
Opr./edited by JC

The Kruk Company, operating in the debt management market, has leased 6,000 sqm of space in the B10 office-hotel complex in Wrocław, which is owned by Vastint Poland.

Residential

Poland Develia expands into student housing

schedule 07 October 2024
Opr./edited by JC

Develia has signed a letter of intent with Innova Capital and Solida Capital to develop student housing through an investment fund.

Warehouse & industrial

Poland SIG is staying with Prologis

schedule 07 October 2024
Opr./edited by JC

SIG, a supplier of construction products, has renewed its lease for 4,400 sqm of warehouse and office space in Prologis Park Wrocław.

Warehouse & industrial

Poland CTPark Warsaw West is ready

schedule 04 October 2024
Opr./edited by ANZ

CTP has obtained an occupancy permit for buildings WARS02 and WARS05, with a total area of 110,000 sqm. The facilities are part of the CTPark Warsaw West complex. The space will be occupied by Raben Group. The location in Wiskitki, near Warsaw, will be its 36th branch in the country.

Warehouse & industrial

POLAND InPost in MDC2 Kraków South

schedule 03 October 2024
Opr./edited by NN

Polish parcel dispatch company InPost has leased 11,000 sqm at MDC2 Park Kraków South. The BTS project is to be built on a site prepared exclusively for the tenant.

Investment & finance

Poland Future comes to Galardia

schedule 03 October 2024
Opr./edited by JC

The Galardia shopping centre in Starachowice has been acquired by Future Estate from London-based Stage Capital. It was opened in October 2014 and comprises 18,000 sqm gla.

Office & mixed-use development

Poland Maximum occupancy at Forest

schedule 03 October 2024
Opr./edited by JC

HB Reavis has signed seven-year lease agreements with Transition Technologies and other companies, which will occupy nearly 1,000 sqm of office space in the Forest campus in Warsaw. The building is now fully let.

Office & mixed-use development

Poland Saski Crescent sounds great

schedule 03 October 2024
Opr./edited by JC

GN Poland has leased more than 2,000 sqm of office space in the Saski Crescent building in Warsaw. The company is part of the GN Group, a Danish provider of intelligent audio, video, gaming solutions, and hearing systems.

Residential

SLOVAKIA Metropolis life in Bratislava

schedule 02 October 2024
Opr./edited by NN

Czech property group Mint is finalising the construction of its premium Metropolis residential project in Bratislava, which will comprise 298 luxury apartments.

Latest in Coronavirus

schedule 30 March 2021

Vaccination centre provided by Globalworth

The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.

schedule 24 June 2020

Employers in no rush to return to workplaces

Almost three quarters of employers plan to reintroduce their employees to their workplaces in phases rather than all at once, according to CBRE in its global survey on return-to-work strategies after the Covid-19 pandemic.

schedule 14 May 2020

Catella sees hope and chances for real estate after Covid-19

WORLD Real estate could actually benefit from the Covid-19 pandemic in the long run due its perception as a safe haven for investors, according to a report just published on the implications of the epidemic for the market by Swedish property consulting and fund management specialists Catella.

schedule 14 May 2020

Build Europe pushes post-coronavirus action plan

EUROPE Build Europe, an umbrella organisation for EU-based residential developers and constructors, has presented its recommendations for helping the sector in the EU emerge from the post-Covid19 economic crisis.

schedule 14 May 2020

Polish RE lends an even greater hand to fight the pandemic

POLAND More companies have joined # Property4Heroes - the commercial real estate market's initiative to support hospital staff and ambulance crews across Poland. Each day the initiative delivers 1,150 meals to physicians, nurses, paramedics and support personnel.

schedule 07 May 2020

Panattoni to provide PLN 0.5 bln worth of medical supplies

POLAND Warehouse developer Panattoni has allocated PLN 500,000 to buy medical supplies for three Polish hospitals.

schedule 14 April 2020

Landlords underwhelmed by emergency relief

CEE REGION Preliminary CEE investment volumes for Q1 2020 amounted to app. EUR 3.7 bln, despite the onset of Covid-19 in the region in early March – according to Colliers International’s latest research report.

schedule 14 April 2020

Toyota prepares to reopen Polish plants

EUROPE Toyota Motor Corporation has announced the partial resumption of operations in its European manufacturing plants, which have been closed due to the coronavirus epidemic.

schedule 08 April 2020

AFI Braşov now to open in the autumn

ROMANIA AFI Europe Romania has announced that it is rescheduling the opening of its AFI Braşov shopping and entertainment centre due to the pandemic.

schedule 08 April 2020

Aleja opening postponed

SLOVENIA The official opening of the Aleja shopping centre in Ljubljana’s Šiška district has been postponed.

schedule 07 April 2020

BPI opens virtual sales office

POLAND BPI Real Estate Polandis to introduce a virtual sales office for all of its Polish projects.

schedule 07 April 2020

Rent suspension in Sukcesja

POLAND Rent payments have been suspended for all tenants in the Sukcesja shopping centre in Łódź.

schedule 03 April 2020

Retailers join the fight

POLAND The Polish Trade and Distribution Organisation [POHiD], an association of retail chains, are to contribute PLN 15 mln to fight the coronavirus epidemic.

schedule 02 April 2020

Carrefour donates PLN 2 mln to fight pandemic

POLAND The Carrefour Foundation and Carrefour Polska are donating around PLN 2 mln to Polish hospitals for the fight against the coronavirus pandemic.

schedule 01 April 2020

Pay no rent in Sukcesja

POLAND The Sukcesja shopping centre owned by Fabryka Biznesu in Łódź has stopped collecting rents from its tenants.

schedule 31 March 2020

Government takes on board PRCH recommendations

POLAND The range of temporary trading restrictions in Polish retail buildings above 2,000 sqm imposed by the Ministry of Health has been clarified after consultations with the Polish Council of Shopping Centres [PRCH] and the Ministry of Development.

schedule 31 March 2020

Rent holiday for CCC and Ultro tenants

POLAND Dariusz Miłek, the president of footwear and accessories retailer CCC and Ultro Holding, the owner and manager of Cuprum Arena in Lubin and Korona in Kielce, has decided to cancel rent collections from tenants whose outlets have been forced to close during the Covid-19 emergency.

schedule 31 March 2020

Develia fears Covid-19 impact on business

POLAND Wrocław-based developer Develia (formerly LC Corp) has announced that the disruption caused by the pandemic could have a significant and potentially serious impact on the current operations of the company and its groups.

schedule 31 March 2020

Economies rebalance in wake of coronavirus

CEE REGION According to analysis by Colliers International all CEE economies this year are to decline or fall into recession as a result of the coronavirus.

schedule 30 March 2020

Movement and gatherings ban tightened further

POLAND The Polish government has introduced a new directive clarifying the restrictions on movement as part of its measures to combat the Covid-19 pandemic.

Edition 10 (292) September 2024

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