CSEE NEWS on POLAND Broadcast by PropTech Bulgaria
Some of the key highlights in June – July 2022 in Poland are:
Among the most significant transactions by the end of March 2022 were the purchase by a Korean entity of the Amazon Świebodzin BTS project from Panattoni in Western Poland (200,000 sqm|4 storeys), the acquisition by Partners Group & Peakside Capital Advisors (JV) of the 72,500 sqm Cromwell/White Star property portfolio (with a target of 150,000 sqm) in the Warsaw region, and the purchase of an investment plot in the Malopolska region by Revetas Capital from Panattoni.
According to JLL, new supply in Poland hit a record 1,260,000 sqm, which accounted for 25% of the space delivered in Europe. Most space was delivered to the markets of Poznań, Central Poland, Warsaw and Wrocław.
Kajima Properties has completed the development of one of Gdansk’s first built-to-rent schemes. A joint venture with local investor Tonsa and Olivia Business Centre, it marks Kajima’s first built-to-rent project in Poland and delivers a range of units from studios to three-bedroom family apartments.
PRS (private rented sector) investments, which have been popular in Western Europe for years, are increasingly developing in Poland. In 2021, residential rental investments accounted for €0.6 billion of the capital invested in the country. In response to the needs of this rapidly growing sector, Colliers, as one of the first companies in the market, launched its PRS investment management and commercialization service.
The number of offices under construction decreased during this period from 1.1 million sqm to about 870 thousand sqm, around 600 thousand sqm of which were under construction in April in the regional markets. There is also a clearly noticeable increase in tenants’ interest in flexible forms of lease, that is co-working spaces and instant offices.
According to Walter Herz data, interest in commercial real estate increased significantly last year. The volume of investment transactions in this segment reached €760 million. And only the first quarter of this year has brought the retail sector transactions worth almost €700 million. Over 420 thousand sqm of commercial space is being built in the country, most of which will become retail parks. The total stock of retail space in Poland amounts to 12.4 million sqm of space, including about 2.1 million sqm, which is the backbone of retail parks and convenience centres.
Leave A Comment