ARTICLES LABELLED WITH TAG Poland

The trade sector, greatly weakened by the pandemic, has gained a new investment niche. This year, the increased activity of investors, now mainly focused on the construction of retail parks and convenience centres, will result in the largest growth of these facilities in the history of the Polish market.

The social media giant has opened its operations centre in Olivia Centre in Oliwa district of Gdańsk. In the first phase, 80 places were created, and by 2023 the team will expand to 500 people. The branch will support companies from the SME sector with their promotional campaigns on Facebook and related applications.

Leach & McGuire have signed an agreement to start work on two buildings that Heimstaden purchased in Warsaw earlier in 2021 from Marvipol, specifically ‘Unique Tower’ on ul. Grzybowska comprising 136 apartments and ‘Moko’ (Botanika) on ul. Bokserska featuring 477 residential units.

Retail began to transform well before the COVID-19 pandemic. It has, however, evolved a lot faster than expected and the pandemic has created a whole new environment that all market participants have to learn to navigate. Cushman & Wakefield has issued its latest report “Is Confidence Returning to the Retail Market?” highlighting what the retail market looks like from the perspective of tenants, landlords and customers.

Almost a fourth of all the respondents are planning to roll out apps for booking desks, meeting rooms and parking spaces, reveals a survey conducted among the tenants of office buildings under the management of Cushman & Wakefield.

According to Savills, European multifamily is now firmly established as Europe’s second-biggest real estate sector. At €24.1 billion it captured 23% of the investment activity in H1 2021 across the 12 countries that the international real estate advisor monitors. This compares to a five-year average of 16%. Office investment was the highest, accounting for 28% of the total, at €29.3 billion.

Transport services provider Regesta has moved into Hillwood Wrocław East. The new tenant took more than 17,500 sqm of warehouse and office space in the Wrocław logistics centre. Regesta was represented during the search for the new location and lease negotiations by experts of real estate advisory firm Cresa. Hillwood Wrocław East, comprising seven buildings with a total area of over 210,000 sqm, is now fully leased.

According to Savills, the European logistics market is on track for another record year, as investment volumes and take-up activity are already in excess of five-year averages at the half-year point. Take up in Poland in H1 2021 exceeded 3,000,000 sqm the first time in history and was higher than France, UK and Spain.

The White Stone Capital Group has purchased the second part of the land in Bielany in the vicinity of Huta Warszawa, at the Młociny metro station. In total, the developer owns a plot of land with an area of ​​200,000 sqm in its portfolio. Work is underway on the concept of creating a multi-stage multi-functional investment with a rich green area preserved.

Cavatina Holding, the largest Polish office developer, established a bond issue program worth up to PLN 200 million and submitted a prospectus to the Polish Financial Supervision Authority (UKNF), which, if approved, will form the basis of the issue. Michael/Ström Dom Maklerski has been engaged to organize the issue.