The Polish warehousing market in 2022 remained in good condition. By the end of December 2022, more than 4.4 million sqm (+42% y/y) of new space was completed, corresponding with strong activity by tenants, who leased nearly 6.7 million sqm (-9 y/y). Another 3.4 million sqm is under construction (-25% y/y), which promises to surpass the 30 million sqm mark in 2023. The high absorption rate did not significantly affect the increase in the vacancy rate, keeping it at 4.1% (+0.2 bps y/y). The event of the year was undoubtedly the rising rental rates, which increased on average by 15-20% compared to previous years, according to Axi Immo's recent report.

Żabka Polska is preparing to open a new logistics centre in Małopole by Radzymin near Warsaw. It will be one of the largest and most innovative logistics centres in Europe. The launch of the new facility with an area of approximately 60,000 sqm is planned for the second quarter of 2023. Thanks to this investment, more than 600 people will find work in the region - employed directly by Żabka or in companies cooperating with it. 

GLP has been operating in Central Eastern Europe for nearly three years. In that time, it has doubled its portfolio in the region, with a total of nearly 2.5 million sqm of building assets currently under management in Poland, the Czech Republic, Slovakia and Hungary. The company is planning new ventures that will reinforce its position among the region’s leading logistics real estate investors, developers and managers.

Titanx Engine Cooling, a supplier of cooling systems for commercial vehicle manufacturers, is ramping up its production and distribution capacity at CTPark Opole in the Silesian region of southwest Poland by leasing an additional 27,000 sqm of space. The new capacity will help meet strong demand from customers in its key German, Polish and Czech markets.

The rising share of domestic investors has kept volumes high in CEE property markets in the last year and this trend will continue. The overall market outlook is quite optimistic as further declines are expected for inflation and construction costs, concluded panellists of Property Forum's recent online event.

7R has started construction of a new facility in Pomerania. 7R City Park Gdańsk Airport I will ultimately provide three halls with a total area of about 40,500 sqm. Pekabex is the general contractor for the project.

According to a new report prepared by Newmark Polska, 2022 was a record-breaking year for new warehouse and industrial completions in Poland, with occupier activity remaining relatively strong amid a gradually shrinking development pipeline.

MLP Group is set to begin the construction of a new logistics centre in the southwestern part of Poland. The target space of the facilities to be delivered at the MLP Zgorzelec park, located right by the borders with Germany and the Czech Republic, will total approximately 50 thousand sqm.

Property investor Globalworth has reported a net loss of €16.1 million in 2022 compared to a profit of €47.5 million in 2021, while the value of its commercial portfolio remained effectively unchanged at €3.2 billion. 

Panattoni is extending the Panattoni Park Wrocław Logistics South Hub. The first stage comprising 120,000 sqm of speculative space has been fully commercialised during its construction. The developer is now to build a further 90,000 sqm on the same basis to be delivered in Q3 this year.