ARTICLES LABELLED WITH TAG Poland

Total demand for offices in Warsaw during Q1 2019 was more than 140,000 sqm. Approx. 750,000 sqm of space is under construction. Tenant activity is expected to grow, and the market is waiting for spectacular projects to be finalized. JLL summarised the Warsaw office market in Q1 2019.

JSE-listed EPP successfully completed an equity raise of ZAR 1.45 billion equating to approximately €90 million. The Polish retail company will use the equity to fund tranche 2 of its M1 portfolio transaction. The company expects to complete tranche 2 of the M1 transaction by June of this year. The deal is expected to add an additional 184,000 sqm of retail GLA to EPP’s portfolio.

A fund managed by GLL Real Estate Partners has acquired Gatehouse Offices – an office building constructed by Echo Investment at Warsaw Brewery complex, with the space leased by such companies as L’Oréal Polska, WeWork, Epam Systems Poland and Sony Interactive Entertainment Polska. The parties signed a preliminary agreement in November last year.

Developers are revising their strategies. The convenience centre and mixed-use projects segment is growing. 2019 could see 430,000 sqm of new retail space in Poland. JLL summarised conditions on Poland's retail market at the end of Q1 2019.

Holiday Inn Warsaw City Centre was acquired by Union Investment Real Estate GmbH in January 2018. Avison Young was initially responsible for the landlord technical advisory at the final stage of the construction process as well as at the pre-opening phase. Currently, the investor extends cooperation with Avison Young, who will be responsible for the landlord technical supervision of the property and management of the technical projects.

The construction of retail park Prochownia Łomianki (Łomianki Powder House), Ghelamco Poland’s new project located right past the northern border of Warsaw, in Łomianki, has been launched. The space of the building will cover around 5300 sqm. The project is scheduled to be completed in December 2019.

Panattoni has announced new logistics developments in three Polish cities: Gdynia, Warsaw and Wroclaw. Completion of the projects in Warsaw and Wroclaw is planned for the second half of this year while Panattoni Park Tricity North will be opened in early 2020.

Spaces has leased 2,700 sqm in the mixed-use Wroclavia centre. Experts from JLL advised Spaces on the negotiation of lease terms. The developer - Unibail-Rodamco-Westfield - was represented by Knight Frank.

CEEQA has recently published its Short List in all categories following the first round of judging. The 16th edition of the flagship annual gathering for the CEE & SEE property market takes place on 15th May 2019 at Minska 65, Warsaw.

Anna Bartoszewicz-Wnuk, Anna Młyniec, Agata Sekuła and Savvas Savva have been appointed Members of the Management Board of JLL in Poland. All four of them join Tomasz Trzósło (Managing Director & President of the Management Board), Małgorzata Żółtowska and Kazimierz Kirejczyk (Vice-Presidents) to strengthen JLL's position on the real estate market in Poland.