ARTICLES LABELLED WITH TAG Poland

The first quarter of the year was another very demanding time for the regional office markets. They have been confronted with exactly the same challenges as Warsaw’s office market – increasing maintenance costs, higher rents’ perspective, more expensive and longer fit-outs as well as delayed construction processes. The future boon may be the emigration of Russian specialists from high-skilled technology industries, including IT, who fill in the talent pool in the regional cities, which are hubs for the IT Products and Services sector.

Macquarie Asset Management, on behalf of its Macquarie European Logistics Real Estate Fund, has agreed to acquire for an undisclosed sum a logistics and warehousing facility currently under development near Warsaw. The seller is Logistic Property Investment, which is owned by the Żabka Group and managed by the Żabka Property Fund.

According to a new report published by Newmark Polska, the first quarter of 2022 was marked in Poland’s regional city office markets by high supply levels, stable demand and a shrinking volume of space under construction. With office availability remaining high in some cities, office tenants still have many options to choose from.

Specializing in ESG policy and operational cost optimization, Westbridge Advisory has opened its new headquarters in the capital city of Poland in April 2022. Danuta Grzywacz has been entrusted with the duties of director of the headquarters located at 1 Rondo ONZ. As Country Head for Poland, she will report directly to the Managing Director of Westbridge Advisory International AG, who is Hajo Engelke. From now on. the expertise of Westbridge is available locally to investors and asset managers operating in the Polish real estate market. 

Skanska has sold the Nowy Rynek D office building in Poznań, Poland, to Eastnine AB, a Swedish real estate company focused on modern and sustainable office and logistics properties. The project is designed and built-in line with environmental, social and governance (ESG) principles. It is the first transaction between the two parties in Central and Eastern Europe (CEE).

Between the pandemic, the war, rising prices and increasingly frequent warnings of recession — these are the conditions in which the retail sector operated in the first quarter of 2022. The authors of the cyclical report from BNP Paribas Real Estate Poland point out, among others: continued strengthening of the position of discount store chains and growing interest in facilities with a high potential for modernization, expansion and repositioning.

The entire development cost of logistics projects is increasing substantially and it will continue to do so, says Robert Dobrzycki, CEO & Co-Owner of Panattoni. He talked to Property Forum at MIPIM about uncertainties and the dynamic growth of the logistics sector in CEE.

Catella has agreed to acquire 65% of Warsaw Property Partners (WPP) for a price of approximately SEK 40 million. The company is an independent real estate investment, asset, and development management company, operating exclusively in the Polish market with a broad offering to support investment strategies of clients. WPP has assets under management of nearly SEK 2 billion and 18 employees.

Colliers has taken over the management of three warehouse complexes with a total area of almost 180,000 sqm: City Point Targówek, Logistics Point Piaseczno and Logistics Point Raszyn. Their Investment Manager is Peakside Capital. 

The beginning of 2022 has brought changes to the local and global economic picture, which have also affected the behaviour of Polish consumers and Poland’s retail market. This has resulted in a further increase in the popularity of necessities and the continued popularity of convenience centres. However, retail growth is recorded by all formats including shopping centres, which augurs well for the rest of the year, reports the latest JLL report Retail Market in Poland – Q1 2022.