ARTICLES LABELLED WITH TAG Poland

Rohlig Suus Logistics has leased 20,393 sqm at MDC2 Park Gliwice, which will include 19,773 sqm of warehouse space and 420 sqm of office and social space. The total area of the 3 warehouse buildings in the park will exceed 57,000 sqm.

Dennis Selinas, Globalworth Group CEO, spoke with Property Forum about the investment plans in the industrial segment, the outlook for rents in Bucharest and the efforts to enhance the value of its office portfolio on the Polish and Romanian markets

This year, we can observe a decrease in investor activity in the commercial real estate sector throughout Europe. The value of the investment volume in the first quarter of 2023 decreased in Poland by over 60 per cent year-on-year, and in some Western European markets by as much as 90 per cent. The Polish market boasts higher rates of return than those offered by Western Europe and still compares favourably with European markets. According to Walter Herz, investors are looking for opportunities in the Polish commercial real estate market.

MLP Group has successfully placed €29 million worth of bonds with 36 investors in a public offering intended for qualified buyers. The transaction was arranged and conducted by mBank. The Warsaw office of global law firm Taylor Wessing provided legal advice to MLP Group, and mBank was advised by CMS Cameron McKenna Nabarro Olswang.

Preliminary agreement regarding the consolidation of Echo Investment's and Archicom’s residential business, high level of cash amounting to PLN 778 million, PLN 11.5 million in net profit which was mainly the result of the revaluation of Resi4Rent projects and handing over to customers nearly 300 apartments – this is a brief summary of Q1 2023 results of Echo-Archicom Group.

Student Depot plans to complete two new investments in Warsaw and Łódź in the autumn. Both student residences will open at the beginning of the academic year 2023/2024, thereby increasing Student Depot's portfolio by nearly a thousand beds. The new residents will find fully furnished rooms, coworking areas, multimedia rooms, as well as fitness zones.

Piotr Staniszewski, Partner, Real Estate, Dentons talked to Property Forum about the awareness of the PRS investors in Poland, planned legislative changes and the current financing conditions.

Peakside Capital Advisors has started construction of City Point Targówek, the largest logistics park in Warsaw. It will provide 100,000 sqm of modern and sustainable warehouse space in a prime location near the city centre. The warehouse park will seek top LEED and BREEM certification ratings, and it will also pursue WELL certification, which has never been awarded in this market segment before.

After a period of rapid development in the years 2021-22, the Polish PRS market is experiencing a setback in terms of the number of both new projects and concluded deals. The participants of the investment panel during Property Forum’s Living Investment Forum 2023 conference in Warsaw tried to discover the reason for such a state of affairs.

CTP has pre-let over 25,400 sqm of logistics space to a German headquartered renewable energy developer, service and energy solutions provider, at CTPark Gdańsk Port, a major new sustainable logistics park that CTP is developing in Gdańsk, Poland.