ARTICLES LABELLED WITH TAG Poland

LCP Properties has finalised the purchase of two retail projects to be built in Łochów and Iława, as well as an existing retail park in Ząbkowice Śląskie.

Greenman Poland, asset manager and developer of retail assets formerly known as Newbridge Poland, has announced the appointment of Barbara Wojdełko as its CEO following Greenman Group’s acquisition of the business.

Six office buildings sold, another five buildings with occupancy permits, nearly 45,000 sqm of offices leased, the development of the food & beverage segment and the strengthening of the diverse offer of Libero Katowice and Galeria Młociny - these are the developer's key commercial sector successes in 2022.

E-commerce clothing giant Shein will start operations in the area of almost 55,000 sqm in Panattoni Park Wrocław South Hub as early as this quarter. The developer has already leased half of the planned 250,000 sqm in the Lower Silesian complex.

Accolade has completed a new logistic park in Elbląg, the first Class A warehouse in this area. The 20,000 sqm industrial park is fully leased to its two tenants: Flex and DPD.

In 2021, the warehouse sector strongly dominated Poland's commercial real estate market in terms of volume. The value of transactions - approximately €3.2 billion - accounted for over half of the total value of investment transactions. In 2022, the sector's result - €2 billion – accounted for "only" a 34% share in the total transaction volume in Poland, says Bartłomiej Krzyżak, Senior Director, Investment at Avison Young Poland.

The most successful outlet centres in Europe have a new leader. Cheshire Oaks, located south of Liverpool in the industrial town of Ellesmere Port, is the second English centre to top the list of the most successful outlet centres in Europe. Until now, this rank in England was reserved for Bicester Village, which is located near the university city of Oxford as well as the tourist attraction Stonehenge. This is a result of the "Outlet Centre Performance Report Europe" (OCPRE), which has been updated annually since 2008 and whose latest edition has just been published. The third place has been taken by Designer Outlet Warsaw in Piaseczno near the Polish capital.

Walter Herz has opened a branch in Tri-City, which will be managed by Jarosław Zdzitowiecki, who took the position of Associate Partner/Head of Tri-City in the company.

Another German investor is entering the Polish property market. The Livos Group of companies is starting its expansion in Poland with Warsaw. The investor has purchased 63 residential units in the Złota 44 high-rise building in the very centre of the Polish capital. The seller was Catella Residential Investment Management, which has thus withdrawn from this country, Investmap.pl reports.

Real Management S.A. has closed the sale of the office and technology building Bolero Office Point 2, located at 4 Równoległa Street in Warsaw. The building has been acquired by Interpierre Europe Centrale, an SCPI managed by PAREF Gestion. The price has not been disclosed.