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

Office & mixed-use development

Poland Concentrix circles in on Global Office Park

schedule 30 November 2023
Opr./edited by ANZ

Customer engagement specialist Concentrix has leased almost 5,200 sqm in Global Office Park in Katowice, which is owned by Cavatina. The deal is the largest office lease in the city in 2023.

Investment & finance

Poland mBank provides loan for 7R

schedule 30 November 2023
Opr./edited by ANZ

7R has obtained a development loan for the 7R City Flex Katowice I project. The financing of EUR 15.5 mln was provided by mBank.

Warehouse & industrial

Poland Universal Express long-stay in Pruszków

schedule 30 November 2023
Opr./edited by BL

Universal Express has extended its lease of the MLP Pruszków II park for another period. The company has been a tenant of the MLP logistics centre for almost 10 years.


Poland The seventh Accor in Kraków

schedule 30 November 2023
Opr./edited by ANZ

A new hotel is being built in Kraków. It will be the seventh facility of the AccorInvest/Orbis group in the capital of Malopolska under the Accor brand in the lifestyle segment. The hotel is scheduled to open in Q2 2025.

Investment & finance

Poland Galeria Tarnovia changes hands

schedule 30 November 2023
Opr./edited by ANZ

A London-based European investment company has finalised the purchase of Galeria Tarnovia, which is one of the biggest transactions on the Polish retail property market this year. The Tarnów mall has about 17,000 sqm of leasable space (36,500 sqm of total space).


Poland PLN 1.5 bln for the airport

schedule 29 November 2023
Opr./edited by ANZ

The investment programme until 2030 worth more than PLN 1.5 bln has been approved for Katowice's Wojciech Korfanty Airport. The programme will include more than 20 projects, with the construction of a passenger terminal, a cargo terminal, a technical hangar, as well as taking into account changes to the airport's transport system.

For Ukraine

Poland Nansen Refugee Award goes to Poland!

schedule 29 November 2023
Opr./edited by ANZ

The UN Nansen Refugee Award award will go to Poland for the first time. According to the office of the UNHCR High Commissioner this year's regional winner for Europe is a Polish couple, Lena and Władysław Grochowski.

Eurobuild FM

Poland Edyta Chromiec on ESG in the construction sector

schedule 28 November 2023
Magda Rachwald

We invite you to listen to the next episode of Eurobuild FM! Edyta Chromiec, senior associate of the ESG department at Colliers, describes how Polish general contractors are prepared to implement ESG principles – not only environmental, but also social ones.

Warehouse & industrial

Hungary DHL relocates to zero ready PT1 megapark

schedule 28 November 2023
Opr./edited by ANZ

DHL Supply Chain, a member of the DHL Group, has leased 20,000 sqm in the largest stand-alone modern industrial building in the Budapest area, developed by HelloParks. The park has been prepared to enable zero-emissions operations.

Warehouse & industrial

Poland Under CTP's one roof

schedule 28 November 2023
Opr./edited by ANZ

Morska Agencja Gdynia, a Polish freight forwarding and logistics company, has leased more than 21,000 sqm of space in the CTPark Gdańsk Port complex. The company will integrate all its warehouse space in one location.

Warehouse & industrial

Poland Next MLP project in Silesia

schedule 28 November 2023
Opr./edited by JC

MLP Group is investing to develop a new logistics centre within the Katowice Special Economic Zone. The upcoming MLP Bieruń West, situated on recently acquired land, is set to provide approximately 55,000 sqm of warehouse space.

Office & mixed-use development

Poland Mogilska 35 Offices officially opened

schedule 27 November 2023
Opr./edited by ANZ

Warimpex has opened its third office building in Kraków, the Mogilska 35 Offices. The taxonomy-compliant property has 11,900 sqm of space, is located in the immediate vicinity of the city centre. The building is already almost half let.

Warehouse & industrial

Poland KiK warehouse kicks off in Rabowice

schedule 27 November 2023
Opr./edited by ANZ

The first Polish distribution centre of the KiK discount chain will open in Rabowice. The property has a warehouse space of 40,000 sqm.

Investment & finance

Poland Transaction at ul. Cybernetyki

schedule 27 November 2023
Opr./edited by BL

White Stone Development has sold two office buildings at Cybernetyki 7 Street. The Hol77 complex in Warsaw's Mokotów district has been purchased by Flora Development 22.

Warehouse & industrial

Poland Good Point for Bremer

schedule 27 November 2023
Opr./edited by JC

Real Management has signed an agreement with Bremer, entrusting it with the role of general contractor for the production and industrial park Good Point V.

Warehouse & industrial

Poland Regesta is going to Zgierz

schedule 27 November 2023
Opr./edited by JC

Regesta will lease 21,700 sqm of warehouse space in Panattoni Park Zgierz. The central warehouse will support its four existing properties across Poland, with another two under construction.

Retail & leisure

CEE Pařížská is the most expensive

schedule 24 November 2023
Opr./edited by ANZ

In this year's 33rd edition of the Cushman & Wakefield Main Streets Across the World ranking, the Czech Pařížská street has been ranked 11th in Europe and the first in the CEE region. The survey compares nearly 50 countries around the world by the level of retail rents on the most expensive shopping street in each country.

Office & mixed-use development

POLAND First offices arise at Towarowa 22

schedule 23 November 2023
Opr./edited by NN

Construction work has begun on Office House, the first stage of the Towarowa 22 multifunctional development in central Warsaw.

Eurobuild Awards

Poland Philosophy in action

schedule 23 November 2023
Eurobuild CEE

The Eurobuild Award 2023 for Outstanding Contribution to Real Estate went to… Tomasz Lubowiecki, a founder and the chairman of the board at 7R

Investment & finance

Poland mBank to support MLP Group with EUR 12 mln

schedule 23 November 2023
Opr./edited by ANZ

mBank has provided MLP Group with financing of nearly EUR 12 mln. The funds raised will be used to refinance the construction of a 32,000 sqm warehouse facility at the MLP Pruszków II logistics centre.

Latest in Material partner

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 11 (283) November 2023

Latest comments