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 Stores open in Warsaw Hub

schedule 13 August 2020
Opr./edited by AH

Since the beginning of August, Warsaw residents have been able to use the underpass connecting Rondo Daszyńskiego metro station with The Warsaw HUB. One of the places it leads to is a convenience centre where the first stores and restaurants including Biedronka, Rossmann, McDonald’s and Kodano are now open.

Investment & finance

Poland Panattoni sells two Łódź buildings

schedule 13 August 2020
Opr./edited by AH

Panattoni has sold two warehouse buildings in Łódź to a partnership of Kajima Properties Europe and Savills Investment Management representing an Asian client.

Office & mixed-use development

BULGARIA Park Lane offices reach shell stage

schedule 13 August 2020
Opr./edited by NN

The ceremony has taken place to mark the completion of the shell-stage of the Park Lane Office Center in Sofia.

Investment & finance

CEE REGION EUR 6.26 bln transacted in CEE-6 in H1 - Colliers

schedule 13 August 2020
Opr./edited by NN

The real estate investment volume for the CEE region in the first half of 2020 amounted to app. EUR 6.26 bln, according to Colliers International.

Warehouse & industrial

GERMANY MLP Group starts work on Berlin park

schedule 12 August 2020
Opr./edited by NN

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Office & mixed-use development

POLAND Kajima completes Oponeo HQ

schedule 12 August 2020
Opr./edited by NN

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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

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schedule 11 August 2020

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Property and Facility Management

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schedule 11 August 2020
Opr./edited by NN

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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

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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

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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

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Latest in Construction

schedule 21 July 2020

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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

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schedule 24 June 2020

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schedule 06 May 2020

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schedule 06 April 2020

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schedule 24 March 2020

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schedule 23 March 2020

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schedule 23 March 2020

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schedule 19 March 2020

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schedule 17 March 2020

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schedule 05 March 2020

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schedule 02 March 2020

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schedule 26 February 2020

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schedule 25 February 2020

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schedule 19 February 2020

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schedule 03 February 2020

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schedule 31 January 2020

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schedule 31 January 2020

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schedule 21 January 2020

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