PL

Poland In business, we focus on long-term partnerships

Material partner
Michał Ptaszyński, Country Manager Poland, Logicor, tells us optimistically about the future of the logistics industry in Poland, the company's upcoming investment plans and explain why it is worth cooperating with local communities

How do you assess the current situation in the logistics real estate market? Is it stable enough to make reliable forecasts?

Michał Ptaszyński, Country Manager Poland, Logicor: In the medium to long term, the forecasts for the warehouse occupier market are good. We continue to see high demand for quality, well located warehousing – either close to key transportation links, or where people live, and population centres. Compared to other commercial real estate, the situation in our industry is undoubtedly the most favorable.

On the short term, we continue to have a very considered and cautious approach given the current market dynamics.

Could you explain why is that so?

That's because of the current macro-economic situation. First, we are dealing with high inflation driven by increases in energy prices, general uncertainty in the economy, and higher interest rate - in other words, factors over which we, as an industry, have little influence.

So, when can we expect the logistic market in Poland to speed up?

We care less about speeding up and more about seeing a stable growth trend expressed in lower inflation, stable interest rates, or the release of funds from the National Reconstruction Plan.

Experts predict that commercial real estate market activity may return as early as the second half of 2024. Everything will depend on whether economic recovery forecasts come true. If the situation improves next year, we will feel it in our sector.

We need to inject some optimism into our economy. We should remember that Poland is located in the center of the continent and is the logistics hub of Europe with a well-developed road infrastructure. Recently, we have also seen a new trend - nearshoring. It involves the global supply chain reorganization, which means increasing the presence of international trading and production companies closer to sales markets. Poland, due to its location, may become one of its greatest beneficiary.

The latest market data for the second quarter of 2023 show that our country, with a portfolio of 31 million square metres of warehouse space, is in the top 5 markets within Europe.

What is Logicor's place on the European market?

We are Europe's largest long-term owner, manager, and developer of logistic real estate. Our portfolio covers 18 countries and almost 21 million square metres of warehouse space, of which in Poland - 1.6 million. We offer our customers a long-term partnership, i.e., renting high-quality real estate that we manage ourselves.

In the first half of 2023, we increased the pace of asset development as well as acquisition of well-located land and existing assets in key European markets - this enables us to develop modern, sustainable logistics properties that support the development of our customers and increase our market presence.

Additionally, we invested EUR 163 million in Europe to acquire, develop, and expand new space for our customers. We completed seven projects during this period, expanding our portfolio by 124,000 square metres of well-located, modern logistics space. Another ten projects are underway and are expected to deliver 260,000 square metres of new warehouse space.

What are the biggest challenges Logicor faces now?

First of all, it is adequate preparation for the inevitable market rebound, the first signs of which we are already seeing - we have recently signed two significant lease agreements: with a chain of construction hypermarkets, which will occupy 50,000 square metres warehouse space in Stryków, and a Polish distributor of truck parts, which will occupy over 43,000 square metres of warehouse space in Będzin.

Of course, we are also planning further development investments, including in the Święcice II and Mysłowice logistics parks, which have over 20,000 square metres each. Customers will find there the latest innovations in the field of sustainable construction.

We continue to look for opportunities to acquire land or existing assets in the right locations; we are preparing land for construction - all this so that at the right moment, when the market rebound becomes noticeable, we can already be in the starting blocks.

What about other challenges? What are they related to?

Environmental challenges, i.e., the implementation of ESG strategies, have become crucial. We recognize that real estate contributes significantly to global greenhouse gas emissions, so we are committed to responsibly acting toward a sustainable future.

In 2020, as a company, we set a 5-year ESG roadmap for positive change and made significant progress. In September 2022, we published our long-term decarbonization and climate resilience targets and how we intend to reduce our footprint coal by 36% by 2030.

That reflects our approach to modernizing our existing buildings. In the first half of 2023, we modernized over 337,000 square metres of LED lighting and have carried out 34 HVAC modernizations in Europe. We are also analyzing our photovoltaic projects because this is essential to our decarbonization strategy. All our new investments meet the requirements of at least the BREEAM Very Good certificate. We also strive to increase biodiversity across our portfolio by thoughtfully using local plants and shrubs. We make sure that the energy we buy is green.

The new logistics parks in Mysłowice and Święcice will be equipped with LED lighting with DALI automation, photovoltaic panels, electric car charging stations, and detailed utility consumption meters.

At the same time, we work for the benefit of local communities. In the markets where we are present, we conduct charitable activities focusing on youth and sustainable development, and our employees take part in various events supporting these noble causes.

What initiatives of this type do you run in Poland?

This year, we organized "Race'n'Raise" for the second time - a charity cycling race totaling 300 km. It took place in the heart of the Tucholskie Forests in northern Poland. The goal was to cover as many kilometers as possible because we agreed to donate PLN 5 to the Horizons Scholarship Program organized by the EFC Foundation for each kilometer covered by a single participant. In this way, together with our business partners, we managed to collect the amount of PLN 31,000,000.

Recently, at the end of September, we organized an Environmental Day in a forest near Warsaw. Each participant planted their tree - together, we planted several dozen bushes and collected garbage.

Logicor has recently changed its logo. Why the change?

We have been present in the European market for over ten years. Our company has been changing over this period and is constantly evolving - hence the new brand identification that we have just implemented. It is intended to better reflect Logicor's growth story and communicate it to our target audiences - employees, customers, communities, and investors. We want to emphasize that we can constantly adapt to market requirements and customer needs. We do it sustainably, in partnership with our customers. Thanks to this, we can effectively support all sectors of the economy on which the quality of our everyday life depends.

Latest news

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.

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.

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.

Warehouse & industrial

Poland Panattoni delivers in Krakow

schedule 12 April 2024
Opr./edited by JC

Panattoni has built another facility in Lesser Poland, City Logistics Krakow Airport II. The investment was made on a speculative basis and already has its first tenant – Allegro.

Latest in Material partner

schedule 21 March 2024

New opportunities emerge in uncertain times

Over 20,000 delegates representing 90 countries gathered in Cannes for the 34th edition of MIPIM, the global urban festival that brings investors, political leaders and the real estate community together to facilitate relationships and find solutions to the challenges facing the built environment.

schedule 07 March 2024

Silesia invites you to Cannes!

We would like to invite you to the meeting: "Explore Silesia: Where Economic Resilience Meets Opportunity!", held at MIPIM this Wednesday. Silesia and its metropolise are one of the fastest growing and most innovative regions in Europe. During the discussion, the roots of its success and specific future prospects will be discussed.

schedule 12 February 2024

Challenges accepted at MIPIM!

The premier real estate fair of the year is now fast approaching! On March 11–15th, at its usual grand venue of the Palais des Festivals in Cannes, MIPIM will welcome delegations from more than 90 countries to take part in an extended four-day programme of speeches, panels, awards and networking

schedule 15 November 2023

In business, we focus on long-term partnerships

Michał Ptaszyński, Country Manager Poland, Logicor, tells us optimistically about the future of the logistics industry in Poland, the company's upcoming investment plans and explain why it is worth cooperating with local communities

schedule 29 September 2023

Łódź invites you to Munich!

We cordially invite all guests of this year's Expo Real to the events organized at the stand of the Łódź City Hall, "Eurobuild" will also be there as a media patron.

schedule 25 September 2023

Grounded in experience

Justyna Cymerman, the head of the urban planning department of land transaction consultancy Greenfields, and Michał Różycki, its director of the land department – living sector, tell us about the company’s greatest achievements, the state of the market, and what needs to happen next to tackle the housing shortage

schedule 06 July 2023

A solid relationship for years

Operational and financial systems supporting property managers are constantly expanding and changing to keep up with changing market needs. Good relationships between providers and users of these systems and a willingness to face challenges together remain invaluable.

schedule 13 April 2023

Land is the key to success but requires skills

Warsaw is one of the most affordable capitals in the European Union to live in. In order to maintain its competitiveness, it is crucial to expand the availability of plots

schedule 22 December 2022

Biuro Na Miarę - more comprehensive, across Poland

The company has been strengthening its position on the commercial real estate market as a specialist consultancy providing comprehensive tenant and landlord services.

schedule 02 August 2022

New ESG Report – Atrium

Atrium European Real Estate has published its 6th ESG report summarising the company's achievements in 2021. The report details the key initiatives involved in the implementation of the its ESG strategy. The company has set new and even more ambitious medium-term targets for 2030, which include a 40 pct reduction in the carbon footprint of its shopping centres by 2030, compared to 2019 levels. By 2050, Atrium wants to have become a carbon-neutral organisation.

schedule 15 June 2022

Power is in people

SKJB Szybkowski Kuźma Jeleń Brzoza-Ostrowska is a Polish boutique legal practice that’s not only celebrating its 5th birthday this year but also its listing on the Legal 500 ranking.

schedule 04 April 2022

Coworking in Atlas Tower

In the times of uncertainty due to the pandemic situation worldwide and restrictions connected with that, co-working spaces and offices are gaining more and more popularity amongst potential tenants. Flexibility of renting terms plus tax law support for new entrepreneurs are things highly needed for small and medium businesses and these come in handy when cooperating with Twój Startup foundation.

schedule 22 March 2022

Tricity attracts with its Scandinavian climate

It will soon be two years since the first COVID-19 cases appeared in Poland. What can be said about the current condition of the office market in our country?

schedule 01 February 2022

How to return to the office in good health?

Skanska has recently carried out its third survey on the return to the office in four countries – Poland, Romania, the Czech Republic and Hungary. While previous studies have focused on the needs of employees and their expectations of offices in the new reality, this time Skanska has focused on the impact that the pandemic has had on the employees’ mental health and well-being.

schedule 08 November 2021

Sustainable attraction

"Our research shows that 65 pct of employees in the CEE region want to work in a certified sustainable office. We expect that tenants will opt to migrate to new buildings that suit their needs better", admits Paweł Warda of Skanska Commercial Development Europe

schedule 20 October 2021

MAPIC returns to Cannes

MAPIC 2021 will be held at the Palais des Festivals from Tuesday, the 30th of November, to Thursday, the 2nd December, 2021

schedule 31 August 2021

It's a comfortable life

Ziv Zviel, the CEO of Atlas Estates, tells ‘Eurobuild’ about the company’s plans for the residential sector, top investments and the future of the market

Edition 4 (287) April 2024

Latest comments

Categories