PL

POLAND Only four mega-projects out of 25 underway - Spectis

Construction
Four mega-projects are currently under construction in Poland with a combined value of PLN 17 bln (EUR 3.8 bln), according to research by construction market analysts Spectis.

However, 25 mega-projects (with a unit value of more than PLN 3 bln or EUR 670 mln excl. VAT) with a combined value of PLN 295 bln (EUR 66 bln) are in the pipeline. Almost half of this is accounted for by power and industrial projects, with nuclear power units planned in the Pomeranian making up almost 50 pct (app. EUR 16 bln) of these – while two offshore wind farms, the first ever to be built by Poland, could add a further EUR 11 bln.

The construction of the Solidarity Transport Hub Poland (CPK) – an estimated PLN 35bn (€7.8bn) project for an air, road and railway transport hub near Grodzisk Mazowiecki – constitutes around 12 pct of the value of the mega-projects planned. The hub is expected to be completed in 2027.

Łódzkie, Dolnosląskie and Opolskie are the only three of the 16 Polish provinces not to feature any ongoing or pipeline mega-projects.

According to Spectis, planned projects should not be looked at as a way out of the pandemic-induced recession, since “many quarters or even years will need to pass before the first shovel hits the dirt”. Mega-projects are also prone to significant delays while some of them may never really materialise. But as Spectis points out, the construction industry has limited capacity anyway: “The current value of backlogs held by the top twenty construction firms s has recently hit an all-time high of over PLN 60 bln (EUR 13.4 bln). On the other hand, small and medium-sized construction firms specialised in handling residential, non-residential and local government projects have had to face a shortage of orders. And it is precisely these highly fragmented and decentralised sectors of the construction industry that can be the most effective channel for stimulating the economy through investment.”

Latest news

Office & mixed-use development

Poland Nexontis Solutions comes to Poland

schedule 26 January 2021
Opr./edited by AH

German IT company Nexontis Solutions has signed a lease for 650 sqm in the Centrum Południe office complex in Wrocław developed by Skanska.

Events

Poland Investment under pressure?

schedule 20 January 2021
Eurobuild Conferences

April 22nd is when Eurobuild’s 7th Invested Interest Investment Market Conference will take place. The event will be distinctive in two ways: firstly, because we will meet again in a more intimate manner than usual (a TV studio as well as in your apartments or offices); and secondly, this year’s discussions will be guided by the spirit of a well-known rock group that sold millions of records.

Green projects

CTP certifies entire portfolio

schedule 26 January 2021
Opr./edited by AH

A total of 292 CTP buildings at around a hundred different locations in six countries have been awarded BREEAM In-Use certificates with ratings of ‘Very Good’ or higher.

Office & mixed-use development

HUNGARY Palais Krauz to be brought into the 21st century

schedule 26 January 2021
Nathan North
deputy editor

Renovation work on the 19th century Palais Krausz on Budapest’s Andrássy út boulevard (a World Heritage site) is to begin in mid-2021.

Office & mixed-use development

POLAND Cavatina offices popular in the Polish provinces

schedule 26 January 2021
Nathan North
deputy editor

Medicover has leased 1,100 sqm for a clinical research centre in Palio Office Park in Gdańsk, which is owned by Cavatina Holding.

Office & mixed-use development

Poland YIT to build in Gdańsk

schedule 25 January 2021
Opr./edited by AH

Finnish developer YIT has been awarded a building certificate for a complex next to the European Solidarity Centre.

Office & mixed-use development

Poland PGNiG to sell Łódź offices

schedule 25 January 2021
Opr./edited by AH

PGNiG has announced that it is to sell an office building at ul. Uniwersyteckiej 2/4 in Łódź at auction.

Warehouse & industrial

Poland Amazon builds in Świebodzin

schedule 25 January 2021
Opr./edited by AH

Amazon has announced that it is to build another logistics centre in Poland.

Property and Facility Management

CZECH REPUBLIC CBRE wins mandate to manage CA Immo portfolio

schedule 25 January 2021
Nathan North
deputy editor

CBRE, which has been managing the 22,805 sqm Visionary office building in Holešovice (Prague 7) for its owner CA Immo for two years, will now be managing the company’s remaining office portfolio in the Czech Republic.

Warehouse & industrial

POLAND Panattoni Park Poznań East Gate on its way

schedule 25 January 2021
Nathan North
deputy editor

Panattoni has announced that in the second quarter of the year it will be starting the construction of its latest project in Wielkopolska province – Panattoni Park Poznań East Gate.

Retail & leisure

Poland Retail still in the doldrums

schedule 22 January 2021
Opr./edited by AH

Over the past twelve months, three lockdowns have changed Polish shopping habits and resulted in smaller retail outlets growing in popularity, claims JLL in its latest research.

Office & mixed-use development

Poland Warsaw office stock almost at 6 mln sqm

schedule 22 January 2021
Opr./edited by AH

At the end of Q4 2020, the total modern office stock in Warsaw came to 5.9 mln sqm according to figures compiled by the Polish Commercial Real Estate Chamber (PINK).

Office & mixed-use development

POLAND Skyliner set to welcome first tenants

schedule 22 January 2021
Nathan North
deputy editor

The 195m-high Skyliner office tower in Warsaw has been issued with an occupancy permit.

Warehouse & industrial

POLAND Panattoni close to finishing first warehouse for OTCF

schedule 22 January 2021
Opr./edited by NN

Panattoni is close to completing the first construction stage of a distribution warehouse for sports clothing and accessories manufacturer OTCF in Czeladź in Silesia.

Warehouse & industrial

Romania Mega Image in Chitila

schedule 21 January 2021
Opr./edited by AH

Grocery operator Mega Image has moved into the Chitila Logistics Hub in Bucharest owned by Globalworth and Global Vision.

Warehouse & industrial

Poland Uniq moves to MLP Łódź

schedule 21 January 2021
Opr./edited by AH

Uniq Logistic is to take up a total of over 17,000 sqm in two locations: Pruszków and Łódź.

Property and Facility Management

CEE REGION Skanska achieves Well Health-Safety for eight buildings

schedule 21 January 2021
Nathan North
deputy editor

Skanska has obtained Well Health-Safety Ratings for eight office properties in Poland, Romania and the Czech Republic.

Warehouse & industrial

ROMANIA Carrefour renews huge lease at P3 Bucharest A1

schedule 21 January 2021
Nathan North
deputy editor

French supermarket chain Carrefour has renewed its 85,000 sqm lease in the P3 Bucharest A1 warehousing park – one of the largest ever deals of its kind on the Romanian market.

Investment & finance

HUNGARY M7 acquires Laki Center for EUR 12.35 mln

schedule 20 January 2021
Nathan North
deputy editor

London-based investor and asset manager M7 Real Estate has acquired the Laki Commerical Center (Laki Kereskedelmi Központ) office building in Budapest for its M7 CEREF II fund for EUR 12.35 mln.

Warehouse & industrial

POLAND Panattoni buys 8.2 ha for latest Warsaw park

schedule 20 January 2021
Nathan North
deputy editor

Panattoni has bought an 8.2 ha site in Warsaw’s Annopol district for the development of City Logistics Warsaw IV, which will offer around 40,000 sqm.

Latest in Construction

schedule 29 December 2020

Tender announced for Frontex’s new Warsaw HQ

A tender has been announced to choose the general contractor for the new Warsaw headquarter building of Frontex, the European Border and Coast Guard Agency.

schedule 23 December 2020

Skanska gets bridge building in Skierniewice

By the end of 2022 Skanska is to have built a 143m flyover over six railway tracks in Skiernewice as well as renovated a total of around 1.2 km of road.

schedule 15 December 2020

Strabag gets started on Smíchov City

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schedule 08 December 2020

Vinci to build PPP motorway

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schedule 19 November 2020

Strabag renovates more track

A consortium of Eurovia, Subterra, Strabag. and AŽD Praha has been awarded a EUR 323 mln contract to build the Žilina-Teplička railway station and to modernise one of the most important Slovak railway junctions.

schedule 27 October 2020

Strabag wins EUR 60 mln contract for Polish Embassy in Berlin

The Polish subsidiary of Austrian company Strabag has been awarded a EUR 60 mln contract to construct the new Polish Embassy building in Berlin.

schedule 08 October 2020

Eurovia and Strabag awarded D55 construction project

A consortium of Eurovia CS and Strabag has been awarded a contract to build an 8.4 km section of the D55 motorway from Babice to Staré Město in the Zlín region.

schedule 05 October 2020

Norblin topped off

The Norblin Factory complex on ul. Żelazna in Warsaw has been topped off. Warbud is the general contractor of the eight-storey, 44m building, while Capital Park Group is the developer.

schedule 02 October 2020

Construction market in Poland to shrink 3-5 pct in 2020

The Polish economy has already passed the low point of the short-term economic downturn.

schedule 30 September 2020

Erbud builds for Saller

Erbud has been appointed as the general contractor of a retail centre, which the Saller Group is developing in the village of Lipnik just east of Szczecin.

schedule 10 September 2020

Work begins on Dęblin Patriot missile plant

The Polish Military Aviation Works (WZL1) in partnership with Lockheed Martin has begun construction work on a 3,000 sqm production plant in Dęblin in Poland’s Lublin province.

schedule 31 August 2020

Hochtief to modernise Wrocław nursing home

Hochtief Polska has been awarded a contract by Orpea to renovate and extend the Rezydencja Święta Jadwiga nursing home in Wroclaw.

schedule 21 July 2020

EU construction up by 21.2 pct in May

EU construction output rebounded in May, up by 21.2 pct on the previous month, following a record fall in April, when output plummeted by 14.9 pct, according to data and analytics specialists GlobalData.

schedule 14 July 2020

Only four mega-projects out of 25 underway - Spectis

Four mega-projects are currently under construction in Poland with a combined value of PLN 17 bln (EUR 3.8 bln), according to research by construction market analysts Spectis.

schedule 08 July 2020

Construction mood starts to recover – GlobalData

The European construction industry expected to recover in second half of 2020, according to data and analytics specialists GlobalData.

schedule 24 June 2020

Polish construction still on its way up

The total value of the 960 largest construction projects currently underway or planned in Poland is estimated at over EUR 120 bln, according to the ‘Construction Market in Poland 2020–2025’ report just published by construction market analysts Spectis.

schedule 06 May 2020

Generation Park Y reaches highest point

POLAND Construction work has been completed on the structure of Generation Park Y in Warsaw, which forms part of Skanska’s Generation Park complex in the city’s Wola-Centrum district.

schedule 06 April 2020

Constructors gloomiest for the last three years

POLAND Construction sector confidence levels fell for the twelfth consecutive month in March, according to the latest report by Spectis.

schedule 24 March 2020

Budimex bids PLN 2 bln for Warszawa Zachodnia

POLAND Budimex has scored the most points for its bid to reconstruct Warszawa Zachodnia station.

schedule 23 March 2020

Moscow to build hospital in couple of weeks

RUSSIA Construction work on a hospital for infectious diseases has started in New Moscow.

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