OtoDom.pl have an English language version of their Polish property news. Recent stories include, how Euro 2012 is influencing the real estate market, city card systems, design of the Gdansk stadium, green building and LEED certification, office demand in Warsaw, tenement flats. The information is well presented and written by a range of personalities, some [...]
Ongoing road and port infrastructure investments in the region of Gdansk, Gdynia and Sopot, also known as Tricity or Trójmiasto in Polish, are expected to contribute to the further development of commercial warehouse space. According to a recent report from Jones Lang LaSalle consultants, Trójmiasto has warehouse storage of around 128,200 m², this storage area will be expanded by a [...]
A report on the Polish retail property market from Cushman & Wakefield sees Poland continuing to outperform most of Europe in 2012, and concludes Poland is still an attractive expansion target, with international retailers taking up relatively low rents to grow their presence. Polish GDP figures grew 4.2% in the third quarter of 2011 and [...]
Hamilton & Co, have purchased a Polish property development portfolio made up of mixed use development projects totalling some 90,000 m2 for around 100 million Polish zloty, and they are reviewing acquisition opportunities in Poland. The portfolio is made up of projects across Poland in Kraków, Szczecin, Swinoujscie, Szklarska Poreba and Gorzów and includes a 15,000 m2 hotel [...]
A 10 per cent fall in the zloty since the eurozone debt crisis in the summer, means that property prices in Poland have become even sweeter for UK investors, but not everyone is smiling. As Investors Chronicle reports, First Property ‘s share price has fallen by almost 25 per cent recently due to the weakness of [...]
Prime office rents in Warsaw are increasing in line with the so far recession proof Polish economy, vacancy rates have dropped and commercial space in the city centre now costs around €22 to €25 per square meter per month, with some A+ developments quoting rents even higher than this. The best locations outside the centre [...]
Poland experienced significant growth in inward property investment when it joined the EU in 2004 and growth in the number of residential properties purchased by foreign investors has continued to grow through to 2010 according to a recent report. The chart below shows the number of residential properties purchased in Poland by foreign investors during [...]
After a correction in 2008 and 2009, Polish property prices seem to have stabilised in 2010 as economic growth picks up. Property prices are still low by comparison, for example a modest two bedroom flat can cost around £60,000 in Poland, well below what we’d expect to pay in the UK.
Skanska, a construction and development firm operating in Poland sell 27,000 m² office building with fully leased space for €76.5m (reports Construction Poland), the Skanska website has a flood of recent announcements on new property developments. As Jan Cienski reports in a ft.com/beyondbrics blog from last month, Poland is currently the biggest construction site in [...]
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