Agnieszka Bulus-Trando from Poland Weekly talks to Mira Kantor-Pikus, Head of Equity Debt & Alternative Investments from Cushman & Wakefield. PRS in Poland is a relatively new topic compared to the West. What are the differences between PRS in Poland and in the West? The PRS (private rental sector) is the short name of the…
Poles have long preferred to own the place they lived in – only 4% of the population rents a flat. On average, every third European does so. But the Polish institutional rental market, still at an early stage of development, is growing in importance. Attitudes towards renting in Poland are changing, for multiple reasons. One…
Everyone will find something for themselves in Katowice. You can spend an attractive city break here, or a much longer stay. Once associated with mining and numerous coal mines, now thanks to great efforts and huge investments, this is a great example of a successful transformation into a fashionable modern city with an inclination to…
The Port of Gdańsk handled 53.2 million tons of goods in 2021, an 11% increase and the most cargo handled in the history of the port. The Ministry of Infrastructure held a conference in January attended by ministers, Marek Gróbarczyk and Grzegorz Witkowski, and the management boards of the three largest Polish ports: Gdańsk, Szczecin-Świnoujście…
Poland’s exports rose 17.5% in November and faster than in the two previous months. The import growth rate was also higher (+30%), the Central Statistical Office (GUS) reported. Comment by Mariusz Zielonka, economic expert from the Lewiatan Confederation: After two months of relatively low growth in exports, November brought a dynamic revival. According to preliminary…
Selena Group is investing in the development of photovoltaics on large-area roofs. The Polish leader in the construction chemicals industry is expanding its proposition for business customers and offers complete roofing solutions, including waterproofing and photovoltaic installations for roofs. The entire roofing solution comes with a 15-year warranty. Selena Group has for many year been…
W. P. Carey, has acquired seven DIY retail stores in Poland from the Austrian Supernova Group. The total acquisition totals approximately 70,000 square metres. The stores are triple-net leased to OBI for a term of 15 years with Eurozone CPI-based rent increases. W. P. Carey is a REIT specialising in corporate sale-leasebacks, build-to-suits and the…
The construction industry tends to be a good measure of the condition of any economy and across Europe it is showing remarkable resilience in the face of the pandemic’s effects. According to EUROCONSTRUCT, an independent construction market forecasting network, the level of construction output in 2021 is set at 1,740 billion euros. After a difficult…
The largest privately-owned investment and asset manager in private equity and real estate in CEE, Griffin Real Estate has announced changing its name to Griffin Capital Partners. The name change is accompanied by a refreshed visual identity, underlining the strategic direction towards private equity that the company has already taken. The change also reflects and…
Passenger traffic at Chopin Airport and Poland’s 13 regional airports from January to September 2021 hit almost 13 million, 191,000 more (+ 1.5%) compared to the same period of the previous year. In the analyzed period, the share of regional airports in total traffic handled was 60%. During the first nine months of this year,…
The government has announced that from December 15 the availability limits in hotels and restaurants will be reduced from 50% to 30%. Although vaccinated people are not included in this ceiling, there are still no legal regulations enabling tourism businesses to verify so-called ‘covid passports.’ Leading sector figures shared their concerns with “Hotelarz,” a portal…
The LPP management board has awarded a 10% pay rise to all employees at the company’s headquarters from January 2022. The Polish clothing manufacturer also announced a new remuneration policy for its sales network and payment of 6-month bonuses before the end of this year. The company’s management also said that those who will be…
