Articles
DEAL DONE. WELL FITNESS OPENED IN GOCŁAW SHOPPING CENTRE
Well Fitness opened its new 24/7 club with an area of over 2,300 sqm on 4 March 2024. The new club is located in the Gocław Shopping Centre, at ul. gen. Augusta Emila Fieldorfa “Nila” 41. The brand’s offer includes the Well Start programme for beginners, memberships for classes with a trainer certified by Rehasport (an international leader in orthopaedics and rehabilitation) and an unlimited access to Well Hydrated drinks. At Well Fitness clubs you can also exercise 24/7 with a Medicover Sport package.
RETAIL MARKET SEES GROWTH
The Polish retail market ended the first half of 2023 strongly, with its total stock amounting to 15.9 million sqm. In the past quarter, 66,000 sqm came on stream across Poland, bringing total new retail supply for January-June 2023 to 150,000 sqm.
BNP Paribas REIM presents its outlook of the European property market
European real estate markets are still responding to the new environment implied by higher financing costs and the pricing adjustment that started at the end of 2022. Investors are waiting to see where financing costs are heading and how prices react.
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.
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