Not surpirngly, the easing of the COVID-19 pandemic has driven up interest in the acquisition of holiday homes. Marcin Dumania, CEO of Polish holiday apartment operator Sun & Snow talked to Property Forum about the holiday apartments industry’s struggles with the pandemic, forecasts for the upcoming months and the company’s investment plans.

At the end of Q2 2021, developers were working on projects set to increase Poland’s stock of modern space by more than 3.3 million sqm. This represents a result not previously recorded for a single quarter as there is c.a. 34% more under construction than in the previous quarter

A consortium of banks, with Pekao Bank as a leader, Bank Gospodarstwa Krajowego and BNP Paribas Bank, granted over PLN 248 million in a construction and investment loan and PLN 15 million in a VAT loan for five Resi4Rent projects with apartments for rent.

Poland-based warehouse and industrial developer MDC² has acquired a new development site that will accommodate a warehouse and logistics project in the Upper Silesia region, located in Gliwice at the intersection of the A1 and A4 motorways. MDC² Park Gliwice will comprise 52,000 sqm of modern and environmentally sustainable warehouse and logistics space.

Cavatina Holding has acquired land in Wrocław from Invest City for a net sum of €20.8 million (PLN 95 million).

Accolade decided to expand its industrial park in Gorzów Wielkopolski. In this strategic location in Western Poland, in addition to the present spaces of 53,000 sqm for modern business, it has acquired new plots and will deliver nearly 100,000 sqm of new industrial warehouses. New projects aspire to BREEAM certification of sustainability at tje “Excellent” level. The total Accolade investment in the region amounts to €125 million.

7R is building an advanced warehouse facility in Silesia for Aluprof SA – one of the manufacturers of aluminum systems in Europe. The tenant, which exports products to 55 countries and has 1,300 regular customers, will move into the building in Q1 2022.

GEODIS, an international logistics company, has signed a lease agreement for additional 5,000 sqm of warehouse and office space in the Tristar Wrocław industrial and logistics park. Until now GEODIS Poland Sp. z o.o. who provides Contract Logistics, Road Transport and Freight Forwarding Services occupied approx. 15,000 sqm. Starting from 2nd February 2022, GEODIS will expand their footprint in the project to 20,000 sqm of total leased area.

Piotr Trzciński, Head of Investment – Poland at Savills Investment Management talked to Property Forum about the changes forced by pandemic on the investment market, financing conditions and the long-term strategies of major international players.

The Polish warehouse market experienced robust occupier demand in H1 2021, with take-up at 3.3 million sqm. Logistics companies and e-commerce retailers accounted for over half of all space leased. Supply also remains high, with 1.1 million sqm delivered in the first six months of 2021, which is a testament to strong market fundamentals. Very good absorption of space has resulted in a decline in availability, to 5.4% of the stock at the end of June. However, with the amount of space under construction at an all-time high of 3.4 million sqm, the vacancy rate is expected to stabilise in the upcoming quarters. Advisory firm Axi Immo presented its report "Polish Warehouse Market in H1 2021".