ARTICLES LABELLED WITH TAG Poland

Most industry insiders were eagerly awaiting Q2 sales statistics. Despite the fact that, effectively, the "2% safe loan" program has only been in effect since July 3rd, its impact on quarterly sales performance was significant. For another consecutive quarter, the number of units sold by developers in the six largest markets was about one-third higher compared to the previous three months. Experts at JLL summarised the second quarter of 2023 in the residential market in Poland.

Wolf Theiss has announced the expansion of its Corporate and M&A team in Poland with the addition of 27 new team members, including seven partners.

In addition to the existing investment facility with an overall amount of €118 million, pbb Deutsche Pfandbriefbank has provided a €40 million credit facility to the open-ended fund Reico ČS Nemovitostní, the biggest mutual real estate fund on the Czech market, managed by Reico.

Panattoni has launched construction on its second centre in the administrative capital of Wielkopolska. City Logistics Poznań II is to arise on ul. Węgorka, where it will have easy access to the centre of town and be within the vicinity of the A2 junction with the S11. The investment costs will come to €17 million.

Zbigniew Korba, Partner and Attorney at Law at TaylorWessing has talked to Property Forum about sustainability-liked loans, current financing conditions and the incoming changes in the spatial planning and construction law in Poland.

LCP Properties has begun the process of structuring its portfolio with the official launch of the M Park brand. As part of the first stage of the rebranding, LCP has selected 20 out of a total of more than 95 of its existing projects in the country for changes. For three of them, previously operating under the Echo name - in Tarnów, Radom and Piotrków Trybunalski - the process has just been completed. The first stage of image changes within the LCP portfolio will last until the end of this year. 

CPI Property Group announced the signing of nearly €500 million of new secured bank loans in 3 CEE countries. CPIPG currently has new bank loans in Poland, the Czech Republic as well as Slovakia.

More than three-quarters (76%) of office stock across Europe will be at risk of obsolescence by 2030 according to the latest report from Cushman & Wakefield. One of the reasons is the increased level of legislative action around sustainability requiring investors to modernise real estate to ensure ESG compliance. To take one example, commercial property landlords are required in a growing number of cities across North America and Europe to install green roofs that help increase urban biodiversity, optimise energy costs and improve the user experience.

Witold Rafalski joined GTC Poland as the Head of Asset Management and Marcin Zaskurski joined as the General Counsel and Head of Legal Department. 

Panattoni has started further construction for BestSecret, a European online distributor of off-price fashion. The company took the already delivered 90,000 sqm at Panattoni Park Sulechów III into operations in March. As part of the facility expansion, the new contract involves – building an additional 43,323 sqm of warehouse space and 2,632 sqm of office space.