ARTICLES LABELLED WITH TAG Poland

With the acquisition of another 10.4 percent stake, Wing's stake in Echo Investment has increased to 66 percent, the Hungarian investor-developer announced.

Erste Bank Group anticipates an economic slowdown for 2020 in most CEE countries due to the coronavirus situation. The bank’s report mentions a negative scenario as well, which would result in a massive recession in the region.

Savills has entered into a partnership with the owner of Vipol Plaza and has been acting as a sole letting agent for the office complex since early 2020. The property is located near the new section of Warsaw’s second metro line.

Despite exceptional circumstances, Atenor is continuing its operations with the same drive and announces that a building permit application for its first project in Warsaw has been submitted by Atenor Polish subsidiary, Haverhill Investment Sp. z o.o.

Skanska has sold the Generation Park Z office building in Warsaw to Deka Immobilien for €98 million. This is the buyer’s fourth acquisition with Skanska in Central and Eastern Europe.

Although development activity was muted in Katowice throughout 2019, there is now more than 210,000 sqm of office space under construction across 13 projects. Cushman & Wakefield summarised the past year on Katowice’s office market.

7R will build a modern logistics complex, 7R Park Łódź East I, on a newly purchased 20 ha plot located on Brzezińska Street. This is 7R's fifth investment in the city.

The pandemic declared last week by the WHO has undoubtedly a crippling effect on businesses and poses major challenges and unexpected obstacles to supply chain management. Nevertheless, as always in such crisis situations, there are also companies that come out unscathed of them, even in a better condition and with innovative solutions. Will the coronavirus be a black swan for the Polish market and will it further accelerate the fast-growing e-commerce sector? An analysis by Damian Kołata, Associate, Industrial & Logistics Agency at Cushman & Wakefield.

The COVID-19 pandemic initially disrupted supply chains with China and these are now gradually being restored.  However, the epicentre of the pandemic has shifted to Europe, which has brought challenges for producers and distributors. The logistics sector is striving to maintain liquidity. All truck drivers – regardless of nationality – are exempt from the 14-day quarantine required on entry to Poland. Similar exemptions have been introduced by other EU member states. Fast-track lanes have been created for freight trucks across the EU. It’s all in an attempt to minimalize supply chain disruptions, Axi Immo writes in its report.

Globalworth announced changes to the Company's Board of Directors and an update regarding the COVID-19 outbreak. Ioannis Papalekas, the Founder, is stepping down from the Board of Directors of Globalworth but will remain as CEO. Dimitris Raptis, the current Chief Investment Officer and Deputy CEO, has been appointed co-CEO.