Panattoni continues to grow its portfolio of urban centres in Warsaw. The company has begun construction of City Logistics Warsaw IX next to the junction of ul. Utrata and ul. Zabraniecka in the city’s Targówek Fabryczny district, and the value of the investment will amount to €19 million. Half of the space is to be occupied by Inter-Mlecz, a distributor of some of the biggest grocery brands. The company is to move its current operations without disruption from a nearby location. 

There is definitely a trend of less space requirement in the Polish market. Marta Zawadzka, Leasing Director at Yareal Polska talked to Property Forum about the incoming supply gap in the Polish office market and changing preferences of the tenants.

Panattoni is developing a distribution centre for  ORBICO Supply – a logistics operator from the Orbico Polska group, responsible for the distribution of over 50 global brands. On completion the BTS centre in Teresin will have an area of 38,000 sqm.

LeadCrest Capital Partners announced two transactions in Poland: a new industrial sale-leaseback as well as €20 million sale-leaseback acquisition of three retail warehouses.

H2 Energy, a subsidiary of Westa Investments, has signed an agreement with JLL. The contract covers advisory support regarding investment located in Poland’s Lubuskie province. The investor plans to build one of the largest Hydrogen Valleys in Europe, which will be based on large-scale wind and photovoltaic farms. The role of JLL's experts in the project will be to obtain a partner interested in jointly developing the hydrogen hub with H2 Energy.

Rohlig Suus Logistics has leased 20,393 sqm at MDC2 Park Gliwice, which will include 19,773 sqm of warehouse space and 420 sqm of office and social space. The total area of the 3 warehouse buildings in the park will exceed 57,000 sqm.

Dennis Selinas, Globalworth Group CEO, spoke with Property Forum about the investment plans in the industrial segment, the outlook for rents in Bucharest and the efforts to enhance the value of its office portfolio on the Polish and Romanian markets

This year, we can observe a decrease in investor activity in the commercial real estate sector throughout Europe. The value of the investment volume in the first quarter of 2023 decreased in Poland by over 60 per cent year-on-year, and in some Western European markets by as much as 90 per cent. The Polish market boasts higher rates of return than those offered by Western Europe and still compares favourably with European markets. According to Walter Herz, investors are looking for opportunities in the Polish commercial real estate market.

MLP Group has successfully placed €29 million worth of bonds with 36 investors in a public offering intended for qualified buyers. The transaction was arranged and conducted by mBank. The Warsaw office of global law firm Taylor Wessing provided legal advice to MLP Group, and mBank was advised by CMS Cameron McKenna Nabarro Olswang.

Preliminary agreement regarding the consolidation of Echo Investment's and Archicom’s residential business, high level of cash amounting to PLN 778 million, PLN 11.5 million in net profit which was mainly the result of the revaluation of Resi4Rent projects and handing over to customers nearly 300 apartments – this is a brief summary of Q1 2023 results of Echo-Archicom Group.