ARTICLES LABELLED WITH TAG Poland

MLP Group delivered good financial and operational results in 2024, driven by strong warehouse space leasing performance across all its markets. The company reported revenue of PLN 372.4 million (+3% YoY), or €86.5 million (+9% YoY).

The Private Rented Sector (PRS) market in Poland has experienced a decade of growth. However, the institutional rental sector is still in its early stages, with the first transaction completed in 2014. The state-owned Fundusz Mieszkań na Wynajem was a pioneer in the market, acquiring the first residential building in Poznań and commencing operations in 2015. Analysts from Avison Young sum up the current situation in the PRS market in Poland.

Car commuters to the Warsaw office district in Służewiec Przemysłowy have received an unexpected gift. Thanks to the cooperation of the owners of office buildings and the activists from the association ‘Lepszy Służewiec’, the often congested intersection of Postępu and Marynarska streets has been rebuilt. As a result of the changes, its capacity has increased by as much as 43 per cent.

According to the latest report by Newmark Polska, in 2024, Poland’s warehouse and industrial market maintained steady growth despite the challenges of an economic slowdown across Europe, capital constraints and relatively high inflation rates. The outlook for 2025 also remains positive, with approximately 2 million sqm of new completions scheduled for delivery this year, total take-up expected to surpass 5 million sqm and the overall vacancy rate continuing to trend downwards.

LCP Properties has acquired the Rock Park Radom, retail park from the seller Rock Capital. The property, with a total of 3,400 sqm of GLA and six tenants, is fully leased. The price has not been disclosed. Soon, the retail park will undergo LCP's rebranding program, officially becoming part of the M Park brand. This will be the second M Park in the city of Radom.

In 2024, Central and Eastern European countries experienced a resurgence in investment activity, with most markets showing significant increases in volume compared to 2023. Poland and the Czech Republic saw renewed investor engagement and increased capital allocation, while Hungary, despite having its lowest annual volume since 2015, showed signs of recovery in Q4. Romania and Slovakia also demonstrated strong growth, with Romania's investment volume up 47% year-over-year and Slovakia's nearly tripling in the second half of 2024. Across the region, there was a mix of domestic and international investor participation, with sectors like retail and industrial performing particularly well. JLL experts, in cooperation with iO Partners, present an analysis of the trends observed in the investment market in Poland in comparison to the countries of the CEE region.

Polish food producer and wholesale and retail supplier Janex has leased approximately 11,700 sqm of new space at MLP Pruszków II. The company will launch its second, and simultaneously twice as large, facility in the new building at this logistics park. According to the plan, the tenant can use the additional space starting in April 2026.

Fuzja mixed-use complex in Łódź (central Poland) has won two MIPIM Awards. The project was recognized in the Best Urban Regeneration Project category. It also received the Special Jury Award.

Developers remain hesitant to build warehouses speculatively in locations near Warsaw. Meanwhile, companies looking to expand there expect greater choice and flexibility in negotiations. This impasse is likely to be broken by projects now breaking ground in the region, according to experts from the Industrial and Warehouse Department of Newmark Polska.

According to data from Cushman & Wakefield, Poland’s commercial property investment volume hit approximately €5 billion in 2024, marking a strong rebound of around 140% year-on-year. Additionally, Polish capital significantly increased its share of investment activity, with transactions totalling €444 million last year - an almost threefold rise from 2023. However, for this momentum to continue, systemic solutions such as the adoption of the long-awaited REIT legislation are necessary. If implemented, these measures would help prevent a potential outflow of Polish investors from the real estate market, especially when yields begin to harden.