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.
Commercial property market stabilization points to a brighter future
Despite persistently high interest rates and geopolitical tensions, growing investor interest - particularly in retail assets - is a sign of stabilization and a forthcoming recovery later in the year, says BNP Paribas Real Estate Poland in its latest report “At a Glance: Investment Market in Poland” for the second quarter of 2024.
Ageing office stock and muted development activity in regional cities
At the end of the second quarter of 2024, more than 40% of offices in the oldest office buildings in Poland’s regional cities remained vacant, with their office markets experiencing stable vacancy rates and subdued development activity, reveals BNP Paribas Real Estate Poland in its latest report “At a Glance – Regional City Office Markets Q2 2024”.
Lease renewals driven by a lack of new supply and high property maintenance costs
BNP Paribas Real Estate Poland presents a summary of the second quarter of 2024 in the Polish capital in its latest report “At a Glance. Warsaw Office Market”. Only one new office building was added to Warsaw’s office stock in the surveyed period. With office demand remaining stable, landlords have no choice but to accept lease renewals as a new trend on the rental market.
Q2 2024: Retail parks stay on top as shopping centres are being repurposed
The second quarter of 2024 on the Polish retail market saw strong development activity. Retail parks remained the most sought-after asset class. The growing trend towards demolishing shopping centres is opening up opportunities for new residential and office projects, says BNP Paribas Real Estate Poland in its latest report “Modern Retail Market in Poland”.
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