ARTICLES LABELLED WITH TAG Poland

More than 60% of Polish consumers do their larger grocery shopping in excess of PLN 100 in discount stores. A similar proportion of people in Poland opt for shopping centres on account of their entertainment offer, while nearly 40% go to retail parks which they value for familiarity with space layouts - a guarantee of a quick and easy shopping trip. According to the latest report from Cushman & Wakefield, Polish people have clearly defined expectations about each retail format, with each likely to respond to different shopping and other needs.

Panattoni has finished the construction of a logistics centre in Iłowa district (western Poland) for Hermes Fulfilment. This is the first project that has been built for the company in Poland and is also the largest centre of its type in the Hermes Group portfolio. 

Property Forum is proud to be joining Urban Land Institute (ULI) Poland, a global nonprofit organization of real estate professionals, as a Media Partner for its annual “Game Changers in the Real Estate World” conference for which the agenda has just been announced. The event will be held at the Raffles European Hotel in Warsaw on April 17-18, 2024.

Panattoni is developing another BTS project for K-Flex – an international manufacturer of elastomeric thermal and acoustic insulation materials. A seventh building of 20,000 sqm in the warehousing and manufacturing complex in Uniejów will be completed in June this year. 

Solida Capital Europe announced the acquisition of the Grójecka 5 office building in the centre of Warsaw, spanning approximately 11,500 gross leasable area. The price has not been disclosed.

EPP and Echo Investment have secured a loan of €145.2 million for the new financing of the Galeria Młociny shopping centre located in Warsaw. Erste Bank Group AG (Austria), Rand Merchant Bank, a division of FirstRand Bank Limited (Republic of South Africa) and Santander Bank Polska (Poland) acted as arrangers of the new credit facility, with Santander Bank Polska also acting as Facility Agent, Security Agent and Account Bank.

Marriott International, Inc., announced its plans to expand its portfolio in Poland with the expected addition of more than 10 properties in the next few years, including the debut of two brands - Le Méridien and Element Hotels by Westin - in the market. The anticipated openings will further enhance the company’s footprint in the country, where it currently has a portfolio of 24 properties and over 4,500 rooms across 12 brands and eight cities - Warsaw, Sopot, Kraków, Poznań, Katowice, Wrocław, Gdynia and Szczecin. 

Panattoni has been granted financing to develop a factory for global lighting producer Trilux. The loan of €18.3 million was granted by Alior Bank.

Anna Wojciechowska, Head of ESG at Robyg, talked to Property Forum about the implementation of the principles of sustainability in the Polish residential market and the factors, that will affect the ESG-related activities in the following years.

The Group aims to at least double its revenue to €183-215 million in 2028, triple its EBITDA (excluding revaluations) within five years to €112–132 million in 2028, nearly triple funds from operations (FFO) to €51–60 million in 2028, and at least double its net asset value (NAV) per share to €48–56 million in 2028.