Banks in Poland pay more attention to ESG issues now

28
Feb
2025
News Article banks Eversheds Sutherland financing investment legal Poland tax
by Michał Poręcki | Interview

Mateusz Dereszyński, Partner and Head of Banking and Finance at Eversheds Sutherland Polska, talked to Property Forum about the availability of financing in Poland, the importance of ESG for banks and the investment forecasts for 2025.


Warehouses, retail parks or maybe the Living sector? Which projects do developers in Poland currently borrow money most frequently for?

The answer to this question will probably depend on which particular developer or financial institution we ask. There has been a relative balance between these sectors on the market for many years, although some new dynamics are evident. The logistics sector is still robust, even though the saturation level of warehouse space has increased more markedly in some regions. Lenders tend to be slightly more cautious when looking at certain locations, in particular checking the initial occupancy levels and cashflows more thoroughly.

Investment in data centres has also been seen growing, although in this case not every project will be ‘bankable’ and hence some investors, especially the biggest players, would develop them using their own funds. Talking about retail parks, there is a noticeable trend to focus on smaller facilities, especially in medium and small towns, where modern retail spaces are still lacking. Looking at the living sector, some lenders are strongly betting on PRS finance, while for others it is still “up and coming” category. Private student residences and medium-sized hotels are also well represented and growing. Rumours of stagnation in the traditional residential sector seem a tad exaggerated, although the supply of new units has increased noticeably and the sales numbers look no longer as strong as they used to in the immediately previous years.

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Latest news


New leases

  • The tenants of the Galeria Wołomin retail park near Warsaw have been joined by the Tedi chain. The new salon took up an area of over 700 sqm.
  • Jewellery brand Apart has joined the group of tenants of the Auchan Wałbrzych shopping centre (southern Poland). The jewellery store occupies a unit of 116 sqm. It offers jewellery and branded watches.
  • Iron Mountain, a company offering information and document storage services, has extended its lease for almost 31,000 sqm of warehouse space in three buildings at Prologis Park Błonie near Warsaw.

New appointments

  • Ghelamco Invest has announced the reorganisation of its board of directors. Jarosław Zagórski, Joanna Krawczyk-Nasiłowska, Arnold Neuville, Jarosław Fiutowski, Damian Woźniak and Rafał Gierczak resigned as members of the company's board. As a result, the board consists of Paul Gheysens, Michael Gheysens, Marie-Julie Gheysens, Christiaan Heggerick and Jarosław Jukiel. This reduced number of board members (from 11 to 5) is expected to streamline the decision-making process, allowing all stakeholders to focus on their core roles.
  • Joanna Bieniek has taken up the position of Head of Leasing at Galeria Askana in Gorzów Wielkopolski (Western Poland). Prior to joining the Galeria Askana team, she headed the leasing department at Cream Property Advisors.
  • Balint Szécsényi has resigned as a member of GTC's supervisory board with immediate effect. The resignation was announced by the company's Board of Directors.


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