Articles
Panattoni Park Katowice Airport welcomes a new tenant – 165,000 sqm for ILS, part of the Inter Cars Group
Panattoni has secured a new tenant for its latest development in Silesia. ILS – a logistics operator from the Inter Cars Group, the largest distributor of car parts in Central and Eastern Europe – has leased over 165,000 sqm of space at Panattoni Park Katowice Airport. Under the terms of the contract, the company will occupy a dedicated facility designed for advanced logistics processes.
Warehouse completions hit an all-time high, pushing vacancy rates up
At the end of the first quarter of 2023, there was more than 2.1 million sqm of modern warehouse, logistics and industrial space under construction, down by around 1.25 million sqm compared to the fourth quarter of 2022.
High inflation pushes rents and service charges up on regional city office markets
Record-high inflation is sending office rents ever higher on regional markets, weighing heavy on tenants. The overall vacancy rate edged up by 0.6 pp in Q1 2023, with a supply gap becoming imminent.
Spring is in the air for retail real estate
In the first quarter of 2023, the Warsaw retail market welcomed a refurbished Fort Wola shopping centre after a six-year break. Mayland, the new owner, carried out a major renovation, turning the complex into a facility tailor-made for today’s needs.
Investment market as a reflection of the economic situation
As expected, financing constraints and economic uncertainty saw the Polish commercial real estate market underperform in early 2023.
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