ARTICLES LABELLED WITH TAG Poland

Panattoni is again investing in Lower Silesia. The developer has purchased 39 ha in Wrocław where it is to build Wrocław Campus 39, a massive industrial and logistics complex of almost 200,000 sqm. The project, which is to have direct access to the A4 motorway and the S8 expressway, is being constructed close to the buildings of Amazon and LG Chem Wrocław Energy. It will be the ideal location for e-commerce companies as well as firms in the electric vehicle sector. Work is to start in Q1 of this year.  

Polish industrial and logistics developer MLP Group continues its expansion strategy welcoming Austria to its portfolio. The developer has successfully acquired a plot to develop a new urban project MLP Business Park Vienna, located in the north-eastern part of Vienna in close proximity to the S2 expressway. The undeveloped land has a total area of 98,249 sqm and will offer almost 55,000 sqm of leasable space upon development completion. The transaction was liaised by the real estate advisor Otto Immobilien /Knight Frank.

European Logistics Investment (ELI) has delivered three new development projects. The three latest completed developments in Bielsko-Biała, Ruda Śląska and Toruń will add 145,000 sqm of modern multi-purpose logistics space to the CEE market. The parks are 100% leased.

The Castorama network of renovation and construction stores will expand with five new stores, which until recently operated under the Tesco brand. Each of them will be reconstructed, adapting not only to the standards of the new owner, according to DlaHandlu.pl.

Poland saw 33 new schemes delivered to the market in 2020 despite retail being in crisis. What does the future hold for the newly-built and existing shopping centres and retail parks? Beata Kokeli, Head of Retail Agency at Cushman & Wakefield, talks about trends in the retail sector.

Panattoni is preparing 36,500 sqm of warehouse space for Grupa Allegro – the largest online shopping platform in this part of Europe. The company is to move into A2 Warsaw Park, which is a huge development with one fully commercialised building of over 100,000 sqm. The new location will allow Allegro to develop its logistics platform to serve the companies that sell goods on its website and speed up the process of fulfilling orders. For this transaction, the tenant was represented by consultancy Colliers International.

Katowice-based real estate developer DL Invest Group, which has managed to build a significant portfolio of office, retail and logistics assets across Poland, sees further growth potential in all three major asset classes. Dominik Leszczyński, Founder and CEO of DL Invest Group shared his expansion strategy for the coming years with Property Forum.

December turned out to be a good month for construction companies and producers of building materials, according to the latest monthly report by research company Spectis, “Construction market in Poland – February 2021”. However, the outlook for the construction industry in 2021 remains moderately bleak, mostly because of a high comparison base of Q1 2020. That the second half of the year could see an upturn is yet suggested by higher order books reported by the top 20 construction companies.

Panattoni has developed a BTS manufacturing facility for Phoenix Contact E-Mobility in Rzeszów. Modern charging systems for electric vehicles will be manufactured and tested at the 15,000 sqm facility, and the production plant will supply them to global companies and operators of the electro-mobility equipment & infrastructure. The products of Phoenix Contact E-Mobility include cutting edge High Power Charging devices, designed for rapid and safe charging of electric cars. The newly completed plant will also include research and development department for new products and technologies.

Total new units sold in Poland’s six largest markets in 2020 exceeded 53,000, a mere 19% y/y decline during the pandemic. Maintaining market prices meant that in terms of sales value, last year’s excellent performance was comparable to previous boom years. JLL summarizes Polish residential market.