ARTICLES LABELLED WITH TAG Poland

The pandemic has translated into a more cautious approach on the market along with lower office demand. Although office development in Poland is at its lowest level for eight years, regional markets are holding their ground with 800,000 sqm under construction. Advisory company JLL summarises Q1 2021 on the office market in Poland.

At the end of March 2021 the Dino network numbered 1,532 stores, up 298 versus March 2020. 59 new stores were opened in Q1 2021. The EBITDA margin in Q1 2021 was 8.8%, i.e. 0.2 percentage points above the corresponding period of 2020.

RICS has recently appointed a new Chair to represent the Polish Advisory Board. Seweryna Afanasjew MRICS is a real estate executive focused on commercial portfolio asset management, corporate strategic facilities management and digital transformation in real estate.

Globalworth, the owner and property manager of Renoma in Wrocław, has chosen Tétris as the general contractor for the renovation of the building. Following this decision, the main stage of work on the metamorphosis of this architectural landmark of the city has now started, in time for the building’s 91st anniversary.

Cushman & Wakefield has summarised Q1 2021 on the Polish investment market. According to the firm’s experts, this year got off to a positive start, with investment volumes 10% above the five-year average for pre-pandemic first quarters.

BPI Real Estate Poland and Revive have selected the design prepared by the SUD Architekt Polska studio for their joint investment, which will be conducted under their joint-venture on ul. Jana Matejki in the Poznań district of Łazarz. The Belgian developers intend to build a truly urban modern complex on a gigantic area of 5.5 ha. This investment project calls for combining residential and commercial functions and revitalizing historical buildings consisting of the former military barracks. This concept also calls for planting a large amount of greenery, including trees and creating numerous generally accessible areas for all of the residents of Poznań to be able to use. BPI and Revive’s investment will be carried out in three stages and its completion is slated for the end of 2029.

Cushman & Wakefield has summarised the first quarter of 2021 in the CEE commercial real estate market. Investment volume at the end of the first quarter stands at €2 billion, down by around 20% compared to the same period in 2020.

More and more tenants are moving into the recently completed office building in the project of My Place. The second and last office building belonging to the multifunctional project developed by Echo Investment in Warsaw's Dolny Mokotów has become a new location for companies from different industries such as technology, finance, beauty and creative sector i.e. marketing and advertising. KAN, ArsThanea, Synektik, Networks! or Bozza have joined Echo's list of tenants.

In Q1 2021 Accolade signed new lease agreements in Poland of total GLA amounting to more than 61 000 sqm. Thanks to this quarter, Accolade´s portfolio has increased by 6 new tenants and the total rental space increased year to year by over 150 000 sqm, ultimately hitting the 750 000 sqm mark. 

Colliers has become the exclusive advisor responsible for the commercialisation of the Fregata office complex, which is being built at Bronowicka Street in Szczecin. The completion of the first building is planned for 2023.