PL

Poland becomes attractive nearshoring destination

Investment & finance
The disruption caused by COVID-19 has forced companies to review their outsourcing strategies. Nearshoring is on the rise again, and this is drawing the attention of many Western European investors, as well as those from other regions, to Poland.

The country is benefiting from the most attractive investment incentive schemes in Europe as well as a healthy labour market. And according to the ‘Onshore, Nearshore, Offshore: Unsure?’ report published by JLL and Hays, the country also has one of the most competitive and diverse office markets in Europe. According to the Investment climate in Poland report by the Polish Investment and Trade Agency (PAIH), Grant Thornton and HSBC, as many as 94 pct of foreign companies in 2019 declared that they would, once again, be willing to invest in Poland. The pandemic has only strengthened this trend.

What we have seen is that companies that provide business services from further afield, such as Asian countries, have faced incomparably greater disruption than those that had developed European hubs before the pandemic. This again is drawing the attention of many foreign companies to nearshoring, and increasingly to Poland, which is perceived as a safe bridgehead for many strategic business operations. As a result, just as after the global financial crisis, we can expect a significant inflow of new outsourcing investments, which in recent months is illustrated by the growing number of potential investors from Scandinavia, Germany, the United Kingdom, France and Switzerland
Mateusz Bonca, CEO, JLL Poland

Major changes to the government's grant programme, include reduced market entry thresholds, a simplified qualitative assessment of investment projects, and a higher level of support in certain locations. Previously, the requirement for a business services centre to receive financial support was that it would create 250 jobs with an investment of at least PLN 1.5 mln. Now, a large investor making their first investment in Poland need only employ 100 people and commit to investing PLN 1 mln over a five-year period. Poland is one of the countries in the EU to offer the highest level of support to new investors, from 10 pct in Warsaw to up to 50 pct in four of the regions in the east of the country.

Latest news

Warehouse & industrial

Germany Another logistics park near Hamburg

schedule 25 November 2022
Opr./edited by ANZ

Garbe Industrial Real Estate is continuing to expand its portfolio of logistics centres in the Hamburg metropolitan region. The developer has purchased 33,000 sqm of land in Lüneburg, and plans to invest EUR 33 mln in the project.

Retail & leisure

Italy Forum Palermo rejuvenated

schedule 25 November 2022
Opr./edited by ANZ

Multi, a platform for integrated real estate management services, has recently refurbished and extended Forum Palermo, the largest shopping centre in north-west Sicily.

Retail & leisure

Romania Sinsay expands in Romania

schedule 25 November 2022
Opr./edited by ANZ

New Sinsay stores will be opened in retail parks located in Timisoara and Vaslui. These are the next points of this brand in Romanian commercial facilities, which are being developed by the Polish company Scallier. 

Office & mixed-use development

POLAND Wunderman flies into Nowy Rynek

schedule 24 November 2022
Opr./edited by NN

Wunderman Thompson Technology has leased app. 2,000 sqm in building E of the Nowy Rynek office building developed in Poznań by Skanska.

Hotels

CEE REGION Lagoon life comes to CEE capitals

schedule 24 November 2022
Nathan North
deputy editor

Forty Management has announced that it is soon to begin work on its Central District Lagoon City hotel and mixed-use complex in Bucharest, while the launches of similar projects are pending in Prague and Budapest and that it is seeking a site for one in Warsaw.

Warehouse & industrial

CZECH REPUBLIC Panattoni fills Teplice South park

schedule 24 November 2022
Opr./edited by NN

The last remaining space in Panattoni Park Teplice South in the Czech Republic’s northern Ústí nad Labem Region has been taken up by Maersk, Raben and Exyte Technology – more than 23,000 sqm.

Investment & finance

CENTRAL EUROPE CPI set to merge S Immo into Immofinanz

schedule 23 November 2022
Nathan North
deputy editor

Immofinanz has received approval from its supervisory board to enter into negotiations with its main shareholder CPI Property Group for the acquisition of a controlling stake in S Immo.

Warehouse & industrial

Poland C. Hartwig Gdynia expands in TriCity

schedule 23 November 2022
Opr./edited by ANZ

C. Hartwig Gdynia, a Polish freight forwarding company of the global Rhenus Group, has expanded its lease to occupy a total of 16,100 sqm of warehouse and office space in the Pomeranian Logistics Centre.

Warehouse & industrial

Poland Panattoni grows in Silesia

schedule 23 November 2022
Opr./edited by ANZ

Panattoni has purchased a site in Ruda Śląska, in the centre of the Silesian metropolitan area. The building permit acquired allows for the construction of a park with a total area of 65,000 sqm.

Warehouse & industrial

Romania Diehl Controls opens third European plant

schedule 23 November 2022
Opr./edited by ANZ

CTP has secured German company Diehl Controls, a hi-tech manufacturer, as the first tenant of its new 50,000 sqm business park in Brașov in central Romania. Diehl’s plant will create 200 jobs initially, rising to over 600 by the end of 2027.

Investment & finance

ROMANIA CA Immo exits Romania with largest ever deal

schedule 22 November 2022
Nathan North
deputy editor

Austrian real estate company CA Immo has announced its exit of the Romanian market as it finalises the sale of its seven-building office portfolio in Bucharest to local company Pavăl Holding, the owner of the Dedeman chain of DIY stores.

Warehouse & industrial

Romania New tenant in CTPark Timisoara Ghiroda

schedule 22 November 2022
Opr./edited by ANZ

Kuchinox Polska has leased 4,000 sqm of A-class production hall with office space in the logistics park CTPark Timisoara Ghiroda in Romania.

Retail & leisure

Romania Strong retail market in Romania

schedule 22 November 2022
Opr./edited by ANZ

Cushman & Wakefield Echinox, the exclusive affiliate of Cushman & Wakefield in Romania, has presented its study on different retail market segments activity in Romania. The cumulative turnover of the 6,000+ stores operated by large retailers increased by 20 pct, more than the inflation rate and the national consumption growth.

Office & mixed-use development

Serbia GTC X opens in Belgrade

schedule 22 November 2022
Opr./edited by ANZ

GTC X is the newest building of the GTC Group in Belgrade. It brings to the market 17,700 sqm of first-class office space in Block 41, located along Milutin Milanković Boulevard in New Belgrade, the Serbian Silicon Valley.

Investment & finance

Europe Increased sale and leaseback activity 

schedule 21 November 2022
Opr./edited by ANZ

Despite a slowdown in commercial real estate (CRE) markets, a tough macroeconomic backdrop and tighter lending conditions are set to make property an increasingly attractive means to raise capital, according to new research from Colliers. Corporates can explore a variety of methods to monetise real estate assets, with sale and leaseback emerging as one of the most attractive.

Warehouse & industrial

Poland DTW Logistics in Panattoni

schedule 21 November 2022
Opr./edited by ANZ

Panattoni broadens its client base from the TSL sector. DTW Logistics has leased over 25,000 sqm in Panattoni Park Warsaw West and is to start using the space from April 2023.

Green projects

Poland Photovoltaics works for Warsaw Unit

schedule 21 November 2022
Opr./edited by ANZ

Ghelamco has completed its first three photovoltaic farms as part of its programme to achieve energy neutrality, announced in May 2022.  The installations, with a capacity of nearly 3 MW, were built in three locations in the Opole region.

Office & mixed-use development

Poland Ocean Office Park with a new tenant

schedule 21 November 2022
Opr./edited by ANZ

SalesManago, a company creating e-commerce technology solutions, is set to become the single occupant of the new office building in Ocean Office Park in Krakow's Zabłocie district. The company expects to move into its new premises in August 2023. 

Warehouse & industrial

Poland More space for solar systems

schedule 21 November 2022
Opr./edited by ANZ

BayWa r.e., renewable energy services provider, has leased additional space at GLP Kraków Airport Logistics Centre, to support its rapidly expanding business in Poland. It will now occupy more than 14,000 sqm of industrial and office space.

Warehouse & industrial

Poland Accolade’s 7 years in Poland

schedule 18 November 2022
Opr./edited by ANZ

Accolade came to Poland seven years ago and currently owns 26 of the country’s 45 parks, both completed and under construction, spanning nearly 1.5 mln sqm

Latest in Investment & finance

schedule 23 November 2022

CPI set to merge S Immo into Immofinanz

Immofinanz has received approval from its supervisory board to enter into negotiations with its main shareholder CPI Property Group for the acquisition of a controlling stake in S Immo.

schedule 22 November 2022

CA Immo exits Romania with largest ever deal

Austrian real estate company CA Immo has announced its exit of the Romanian market as it finalises the sale of its seven-building office portfolio in Bucharest to local company Pavăl Holding, the owner of the Dedeman chain of DIY stores.

schedule 21 November 2022

Increased sale and leaseback activity 

Despite a slowdown in commercial real estate (CRE) markets, a tough macroeconomic backdrop and tighter lending conditions are set to make property an increasingly attractive means to raise capital, according to new research from Colliers. Corporates can explore a variety of methods to monetise real estate assets, with sale and leaseback emerging as one of the most attractive.

schedule 16 November 2022

Strabag forecasts higher output for 2022 

Strabag, a European-based technology group for construction services, has announced its figures for the first nine months of 2022. The company expects to generate an output volume of at least 17 billion euro in the full year – the guidance in the half-year was 16.6 billion euro.

schedule 16 November 2022

EQT Exeter buys in Szczecin

Waimea Holding has sold North-West Logistic Park 2 Szczecin, a complex of three fully commercialized warehouses in Szczecin, to a fund managed by EQT Exeter. The total area of the land and the property is over 27,000 sqm.

schedule 15 November 2022

Q4 expected to be less active

In its latest Global Capital Markets report Collier’s has analysed investment volumes across the Central and Eastern Europe region. According to the overview, investment volumes for the first three quarters of 2022 in CEE region were up by 3 pct year-on-year, but a noticeable slowdown from Q2 has been recorded. 

schedule 14 November 2022

EUR 100 mln loan for Bory Mall

Penta Real Estate has obtained a EUR 100 mln bank loan to refinance the debt of Bory Mall in Bratislava.

schedule 10 November 2022

PBSA market sets records

According to Savills, the total investment volume for Purpose Built Student Accommodation (PBSA) in Europe reached 11.7 billion euro in the first three quarters of 2022, a 130 pct increase on the same period in 2021 and a record high.

schedule 08 November 2022

CPI transfers Budapest portfolio to S Immo

Vienna-based S Immo has finalised the acquisition of eight office buildings and a plot of land in Budapest from its new parent company and majority shareholder, Prague-based CPI Property Group, for EUR 238.3 mln.

schedule 07 November 2022

Czech-Lux duo buy second Gdynia office complex

Łużycka Office Park (A, B, C and D) and Łużycka Plus buildings in Gdynia have been acquired from SGPM by a joint venture between Czech real estate open fund Investika and Luxembourg private equity investor Bud Holdings.

schedule 03 November 2022

Catella sells Warsaw and Kraków student & PRS projects

Catella has sold two fully-leased residential and student housing properties in Warsaw and Kraków to institutional investors in Austria and the Netherlands for more than EUR 60 mln.

schedule 03 November 2022

Poland continues to attract investment

According to a survey conducted by Savills involving real estate investors with total EME assets under management exceeding EUR 500 bln, European multifamily, big box logistics, urban logistics, CBD offices and student housing are the top five sectors that investors are looking to invest in over the next twelve months.

schedule 02 November 2022

Forte sells U Center I to Pavăl

Forte Partners has sold the first phase of its U Center office development in Bucharest to Pavăl Holding for an undisclosed sum.

schedule 25 October 2022

HB Reavis seals Port Praski JV

Slovakian developer HB Reavis has completed the acquisition of 50 pct stakes in the Port Praski City II and Port Praski Medical Center projects in Warsaw’s Praga district from Cyfrowy Polsat for app. 24.3 mln.

schedule 20 October 2022

Austro-Hungarian deal for Máriássy House

Hungarian developer Wing has sold the Máriássy House office complex in central Budapest to Grawe Immo for an undisclosed sum.

schedule 17 October 2022

Ghelamco sells Prochownia to LCP

Ghelamco Poland has sold the Prochownia Łomianki retail park in northern Warsaw to LCP Properties Group for an undisclosed sum. The centre, with a total area of 5,500 sqm, includes 21 retail and service units.

schedule 17 October 2022

DL Invest enters Warsaw through Iris

DL Invest Group has entered the Warsaw office market with the acquisition of the 14,000 sqm Iris office building in Warsaw from a subsidiary of CPD Group for almost PLN 104 mln.

schedule 14 October 2022

Equilis and Acteeum turn profit into investment

Equilis and Acteeum, which recently sold Galeria Andrychów in southern Poland for EUR 40 mln, have announced that they will invest the profits from the sale of their joint project in further expansion in Poland.

schedule 30 September 2022

Macquarie lends EUR 123 mln to DL Invest

Macquarie Capital has provided Polish developer and investor DL Invest Group with a EUR 123.4 mln loan to finance the further growth of its portfolio.

schedule 28 September 2022

S Immo to take over CPI and Immofinanz Budapest offices

S Immo has signed a letter of intent with Hungarian subsidiaries of CPI Property Group and Immofinanz to acquire a portfolio of 15 office properties in Budapest with a total leasable area of almost 250,000 sqm.

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