ARTICLES LABELLED WITH TAG Poland

Poland has one of the most attractive tax systems for innovators in Europe. According to the JLL report 'Made in Poland', a comprehensive guide for investors prepared in cooperation with partners: Polish Investment and Trade Agency, Hays and ALTO, when doing business in Poland, companies have many opportunities to obtain financial support from both domestic and EU sources. Reliefs and subsidies translate into increased interest in the Polish market. Last year was a record year in terms of investment, with projects in Poland with a total value exceeding €3.5 billion implemented with the participation of PAIH. This is €800 million more than last year and €700 million more than in the record year so far in 2019.

ECE expands its activities in the development of logistics properties to the international market and realizes a logistics project in Poland for the first time.

Real estate advisory firm Savills has extended its service offering to property investors, developers and owners in Poland to include strategic consulting department. The new business line will be spearheaded by Krzysztof Sakierski and Kamila Pereta-Krawczyk, who joined Savills in early October.

Czech pharmacy chain Dr Max has leased 14,000 sqm in the latest stage of DL Invest Park Teresin. The warehouse complex is developed about 45 km west of Warsaw.

The next few months will show the extent to which the increase in the costs of renting office space and property maintenance will affect further development of the office sector. Higher costs of running a business will force companies to verify their budget plans, says Robert Pastuszka, Director, Office Agency at Avison Young Poland.

GLP has acquired a 60,000 sqm logistics centre in Bieruń from SPM. The seller will lease the building back for another ten years.

Mitiska REIM has today announced the opening of a new retail park development in the Polish city of Wagrowiec, in joint venture with local partner Karuzela Holding.

Ghelamco Poland has announced the sale of Prochownia Łomianki retail park. The new buyer of the building is the LCP Properties group.

Revetas Capital is converting its office landbank portfolio of approximately 90,000 sqm developable GLA in 3 major cities in Poland into residential, entering the Private Rental Sector. The recapitalization of the portfolio should provide a capacity of up to 2,000 beds. The objective of the conversion is to build an institutional PRS portfolio in major Polish university cities.

Iris office building, located in Warsaw at 9 Cybernetyki Street has been sold by the entity being a part of CPD Group to DL Invest Group. Avison Young brokered the transaction and represented the seller in the disposal process.