ARTICLES LABELLED WITH TAG Poland

Panattoni has fully commercialised City Logistics Kraków Airport II, its latest project in Małopolska. A second tenant has been found for the development completed in July this year and is to take up 20,050 sqm.

Quadra Underwriting announced the appointment of Andrew Jackson as the new Business Development Director and Shareholder. He is to accelerate the company's plans for European expansion.

Nepi Rockcastle is in negotiations to acquire Magnolia Park, a shopping centre located in Wroclaw, Poland from Union Investment Real Estate. The property features 100,000 sqm GLA. The potential acquisition remains subject to the execution of formal written agreements, which is expected to occur in the coming weeks.

Poland has seen one of the fastest residential rental growth rates in the European Union in the last five years, with rental inflation in major cities rising to double-digit levels. This growth was largely driven by elevated financing costs, inflation and the migration of people to Polish cities. Average rents for a 1-bedroom flat in Warsaw are higher than in Prague, Vienna and Bratislava, but still well below those in London, Zurich or Dublin, says Cushman & Wakefield in its latest report.

For law firms, the office provides a work environment for legal teams but also serves as something of a showpiece in client and business partner relationships. In an era of changing work models, the evolving role of the office and the growing trend toward space optimisation in some sectors driven by rising costs, Cushman & Wakefield take a closer look at the legal sector’s needs and location decisions.

Recently, there has been significantly more activity in the Warsaw office market compared to regional markets, both in terms of demand and new investments. As of last year, the demand for office space in Warsaw has increased, while overall demand has decreased in the region. There are also more vacancies in the regional markets, says Walter Herz.

Investors returned to the Central and Eastern Europe (CEE) markets. Their activity exceeded the volume of €3.3 billion in H1 2024 translating into 41% growth year on year and reaching almost the full-year volume of 2023. JLL experts, in cooperation with iO Partners, present an analysis of the trends observed in the investment market in Poland against the background of countries in the CEE region.

The Polish industrial and logistics market continues its strong growth momentum, reveals BNP Paribas Real Estate Poland in its latest report for the second quarter of 2024. With robust occupier activity and stable volumes of new construction, Poland is among the top European industrial markets.

Greykite European Real Estate Fund has commenced its deployment programme with the acquisition of a major logistics portfolio in Poland. Comprising three properties in Warsaw, Stryków and Gliwice, the portfolio will form the initial investment in a new €300 million joint venture with White Star Real Estate, a Central Europe-focused real estate developer and manager. White Star, the minority JV partner, developed the properties and will continue in its role as asset and property manager.

MDC2 and Fortress Real Estate Investments Limited have finalised the lease of approximately 25,000 sqm within MDC2 Park Łódź South. The tenant is Oriflame Holding AG, the owner of the Oriflame brand. It will start its operations at MDC2 Park Łódź South in Q1 2025. The investment was also previously chosen by Notino, which distributes cosmetics, perfumes and over-the-counter medicines from this location.