ARTICLES LABELLED WITH TAG Poland

Decreasing supply of attractive land parcels combined with growing prices are directing investors' attention to areas with objects that require either demolition or revitalization. Multi-functional projects are still gaining popularity in Poland, according to JLL’s report.

Poland’s warehouse market is set to maintain a strong momentum this year, driven by robust occupier interest with demand outstripping supply for many months and the economy powering ahead.

A 140-metre-tall residential tower with a cascade roof, including a hotel and a four-storey underground car park – this is what Liberty Tower looks like in a nutshell. The latest Golub GetHouse project will be built at the intersection of Żelazna and Grzybowska streets in Warsaw's Wola district. The construction of the high-rise building designed by the American architecture studio Arquitectonica is scheduled to start in Q2 2020.

Microsoft and Skanska’s office unit in Poland have signed an agreement on strategic cooperation in the area of PropTech. It provides for expert knowledge exchange and the use of advanced data analytics solutions, AI mechanisms and cloud computing to create breakthrough innovations for the office real estate sector. The partners will also work together to develop presentations of Skanska's development projects using mixed reality and Microsoft HoloLens glasses and the analytical part of the Connected by Skanska system.

Avison Young, headquartered in Toronto, Canada, a global commercial real estate services firm, enters the Polish market with the acquisition of UK-based GVA advisory company.

In 2018, Echo Investment signed lease agreements for a total office area of nearly 80,000 sqm. This year also seems to be busy - the company plans to start construction of approximately 100,000 sqm of offices including in Warsaw, Wrocław, Łódź and Kraków. Projects with a total area of 150,000 sqm are being prepared.

Last year’s demand for office space on Poland’s markets was 1.5 million sqm. 744,000 sqm of office space was delivered to market while a further 1.6 million sqm is under construction, according to JLL’s report.

2018 was a record-breaking year for the Polish commercial property investment market. The total volume of transactions completed in the office, retail, warehouse and logistics as well as hotel sectors came to nearly €7.3 billion, which represents a y-o-y growth of approx. 41%. This is a result not previously recorded on the Polish market, according to a report by BNP Paribas Real Estate Poland.

Globalworth Poland has taken further steps to manage its Polish real estate portfolio in-house. Between December and January, the company took on the property management of Lumen and Skylight in Warsaw, West Gate in Wrocław, the A4 Business Park in Katowice and Tryton Business House in Gdańsk. Since the company entered the market, Globalworth has gradually internalized the property management of a series of buildings and now handles directly 250,000 sqm in only about one year, which constitutes almost 60% of its portfolio in Poland.

Mitiska REIM, a specialist investor in European retail parks, announced a major new strategic partnership with Karuzela Holding. Under the terms of the agreement, Mitiska REIM and Karuzela will form a joint venture in Poland, and Mitiska REIM’s FRI 2 fund will acquire a 50% holding in 2 retail parks and 2 gallerias owned by Karuzela, with a total gross leasable area (GLA) of 35,600 sqm, and both parties will co-develop 4 additional projects with a total GLA of approximately 60,000 sqm.