ARTICLES LABELLED WITH TAG Poland

Panattoni presented its investment financing for 2023. In Poland, the company obtained 29 bank loans for development projects worth a combined sum of more than €800 million.

Capital Park Group has started to power its investment projects exclusively with energy from renewable sources. As of January 2024, Norblin Factory, Royal Wilanów and two Vis à Vis street malls use 100% green energy. The total area of all projects powered by RES is more than 110,000 sqm. The energy supplier is Enefit. The Westbridge Advisory team advised Capital Park in the procurement process.

Blackbrook Capital has announced that it secured a lease with a European leader in contract logistics with expertise in the e-commerce and textile sectors, for its facility in Poznań, Western Poland.

In February 2024, ID Logistics will start operations for one of the largest clothing distributors in the world. The company will occupy all of Panattoni Park Poznań West Gate II in Tarnowo Podgórne (47,000 sqm in total), with the new centre to be used to consolidate the operations of other locations.

Revenue generated by the top 40 construction companies operating in Poland grew in double digits in 2023, in nominal terms, for the third straight year, and it was mostly the effect of the overall substantial growth of construction costs. For these companies to continue to thrive, it is necessary to disburse the EU funding for Poland promptly, including all the funds available under the National Recovery Scheme and the cohesion policy budget for 2021-2027, says Spectis.

CTP has officially opened the new TitanX Engine Cooling factory at CTPark Opole in Poland. TitanX, the global supplier of cooling systems for trucks, has now launched its production operations in the OPO3 building, which is part of the CTPark Opole industrial and logistics complex. In doing so, TitanX has increased the previously occupied space by 18,320 sqm, consolidating all engineering processes in a single investment, which was built-to-suit by CTP.

LCP Properties, a developer of the small warehouse space (SBU) warehouses under the Multipark brand, has received another building permit for a project of this type, this time in Gdańsk. Multipark Gdańsk in the first stage has over 5,400 sqm of GLA with eighteen modules. The project is scheduled to open in the fourth quarter of 2024.

GLP announced has successfully acquired two logistics warehouses spanning a combined area of 37,600 sqm in Janki near Warsaw. The price has not been disclosed.

Cushman & Wakefield has summarized the situation in the Polish retail market in 2023, which saw heightened development activity, with about 450,000 sqm of new retail space delivered. The Polish retail sector continued to recover, as confirmed by the number of debuts – 29 new brands entered Poland in the last 12 months, marking the highest figure since 2017. Meanwhile, the slower price growth bolstered consumer sentiment, leading to higher retail turnover levels.

Griffin Capital Partners announced a series of promotions within its Investment and Finance teams.