ARTICLES LABELLED WITH TAG Poland

Echo Investment summarizes the first half of 2021, taking into account the results of the Archicom S.A. group for the first time. The first six months of 2021 brought the Group over PLN 47 million in net profit, which was mainly the result of handing over to customers 398 apartments built by Echo Investment, as well as 202 apartments of Archicom and an increase in the value of office buildings – in particular Malthouse Offices in Warsaw Breweries and Brain Park I in Cracow. Important item that influenced the results for the first half of the year and the second quarter was the profit on purchase price allocation of Archicom S.A. shares.

One of the largest shopping and entertainment centre in Poznan, managed by Sierra Balmain, was sold to a new investor. The agreement finalizing the transaction was signed on September 22, 2021.

Panattoni is completing a logistics centre for non-food discount chain Action in Bieruń with an area of ​​60,800 sqm, of which more than 58,000 sqm will be warehousing space. The BTS facility, which should be ready in September this year, will improve the company’s logistics processes for southern and central Poland, as well as across Europe. The investment is to be BREEAM certified at the ‘Excellent ‘level.

Pasaż Warmiński in Lidzbark Warmiński has changed its owner. The transaction is announced by the LCP group, which has acquired another project for its "convenience retail" portfolio.

CPI Property Group signed framework agreements with advisory company JLL for comprehensive project management services in 13 office buildings in Warsaw. The total GLA that the cooperation encompasses is approximately 320,000 sqm. The JLL Project & Development Services team will be responsible for the implementation.

The COVID-19 pandemic continues to affect our professional and private lives to an unprecedented degree, changing many aspects of the way businesses and public sector services operate. In its latest report "Defining the New. New work models and approaches in the BSS sector" Colliers presents the results of a survey conducted among 76 members of the Association of Business Service Leaders (ABSL) – executives from the BSS sector.

FLE SICAV FIS, managed by FLE GmbH, has acquired the Rockwell Automation warehouse and industrial facility in Katowice. Knight Frank advised the buyer. The value of the deal is confidential.

The construction of the Punkt (Point) office building has begun in Wrzeszcz district of Gdańsk. This is a new and - after Officyna - another investment conducted by Torus in this part of the city. The building will offer nearly 13,000 square metres of leasable area

Although the Polish retail market is still struggling with the effects of the COVID-19 pandemic, forecasts for the sector are more optimistic than for the rest of Europe. According to Oxford Economics, retail sales in Poland are expected to grow by 4.9% per annum until 2023, which would put Poland in a leading position in Europe. 2021 is expected to see approximately 209,000 sqm of GLA solely in retail parks come onto the market, meaning that 2021 would be a record breaking year for retail parks in terms of space delivered to the market. JLL and Trei Real Estate Poland, the authors of the 2nd edition of the "Retail parks and convenience centers in Poland" report, summarize the market regarding these projects at the end of H1 2021, and outline the development prospects for this sector in Poland.

EQT Exeter has acquired a portfolio of five Polish warehouse properties from Tristan Capital Partners’ EPISO 4 fund and White Star Real Estate for an undisclosed sum.