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CEE leading PropTech startup hub is launching sublease alternative to rising 200 000m2 demands.

COVID-19 brings uncertainty to many tenants, and with current social distancing measures in place as well as a majority of companies transitioning to working from home arrangements, the requirements of an office space have been severely impacted.

Panattoni launches Urban Logistics development in Warsaw

Panattoni has begun construction on City Logistics Warsaw V in the city’s Rembertów district with a total area of over 11,000 sqm. The building is dedicated to Warsaw logistics and has been built with Small Business Unit modules with a minimum size of 1,080 sqm. The work is to be completed in Q2 2021.

Cavatina buys mixed-use revitalisation project in Łódź

Cavatina Holding has acquired the Widzewska Manufaktura revitalisation project in Łódź for €90 million (PLN 400 million). The seller of the approximately 4 ha site at Piłsudskiego 135 with its 19th-century industrial buildings was a company headed and co-founded by Stanisław Zaręba, represented in the transaction by Deloitte.

Polish industrial market continues to grow Y-O-Y – the only one in Europe

Gross demand was 2.2 million sqm – this is the best result for the first half of the year in the market’s history. New leases and expansions accounted for nearly 1.7 million sqm, which is a 30% improvement Y-O-Y. This means that Poland is the only country in Europe to have seen net demand growth.

Offices in Warsaw return to the new normal

By the end of H1 2020 demand was 335,000 sqm. In fact, demand for office space in Q2 was significantly higher than in Q1. Vacancy rates across Warsaw increased slightly by 0.1 p.p., with 770,000 sqm under construction.

Poland in world’s top 20 for real estate transparency

The Polish market, considered by investors as transparent, maintains its leading position in the CEE region.

Regional markets remain stable

In terms of tenant activity, the major regional markets can speak of a better H1 than a year ago. Despite the expected slowdown, some companies continue to expand their business.

Globalworth takes over management of Kraków complex

Starting July 2020, Rondo Business Park, an office complex located in Kraków, will be managed by Globalworth. A percentage of over 80% of the company's Polish portfolio is represented by in-house managed assets.

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