British Polish Chamber of Commerce

With fewer opportunities for organic rental growth and further yield compression anticipated across Europe’s real estate landscape, the search for income producing assets will be a key driver for investment activity in 2020, according to international real estate advisor Savills.

Almost 800,000 sq m of office space is currently under construction in Warsaw of which approx. 55% will be delivered in 2020, according to the latest Savills research.

The coronavirus pandemic has had a relatively benign effect on the Q1 2020 Warsaw office market figures, according to the latest Savills research. However, tenants already started to optimize costs which soon may increase the number of lease renewals and subleases. Companies will look for more flexible lease terms and cost-effective locations.

Savills global sentiment survey sees slight improvement on impact of Covid-19 on markets, with China showing green shoots.

The industrial sector is considered one of the most resilient to the negative economic consequences of the Covid-19 outbreak as it benefits from the growing popularity of online shopping, especially in recent weeks.

Real estate advisory firm Savills has been appointed property manager of Posejdon, a PLN 350 million office, conference and hotel complex in Szczecin.

Eiffage Immobilier Polska has appointed Savills to seek an investment partner for the development of a bespoke 453-unit build to rent opportunity in Warsaw within a secured development pipeline of over 2,300 units across Poland’s top five cities.

Wielkopolskie Biuro Planowania Przestrzennego (Poznań Planning Office - WBPP) has leased 720 sq m of office space in Kwadraciak, an office building neighbouring Poznań’s landmark Okrąglak. The landlord was represented in the lease transaction by real estate advisory firm Savills while the tenant was advised by Cushman & Wakefield.

According to real estate advisory firm Savills, commercial property investment activity hit EUR 2.92bn across Poland in H1 2020, up by almost 5% on the same period in 2019.

According to Savills, the impact of the pandemic is set to accelerate online retail penetration by an average of one year and, in turn, drive demand for prime logistics space in Europe.