British Polish Chamber of Commerce

Real estate advisory firm Savills continues to expand its Industrial Services Hub to deliver comprehensive advice to warehouse tenants, developers and landlords, with three more experts joining its Polish office.

Preliminary figures compiled by Savills suggest that the total real estate investment volume in Europe for the first quarter of the year will reach approximately €70bn, a 19.5% increase year-on-year. Despite geopolitical events, the real estate advisor expects solid European investment activity for the remainder of the year, notably fuelled by large portfolio and entity deals.

Driven by large-scale mergers and acquisitions, European multifamily investment volumes in the 12 countries analysed reached approximately €92.3bn in 2021, a 79% increase yoy and a 120% increase on the past five-year average, according Savills. In Poland, multifamily investment activity hit an all-time high of close to €725m in 2021.

According to Savills, the e-commerce boom is continuing to drive demand for industrial and logistics assets across Europe, as new records were set for both levels of investment and leasing activity in 2021. In Poland, take-up in 2021 reached an all-time high and industrial assets accounted for over a half of the total investment volume.

New companies have decided to locate offices in Grzybowska Park, a recently refurbished office building with its own garden in the very heart of Warsaw. The landlord was advised on the transactions, which saw the entire second floor leased, by real estate advisory firm Savills.

Karol Grejbus, an expert with almost 15 years of commercial real estate experience, has joined the Tenant Representation team of Savills Office Agency in Poland, led by Jarosław Pilch.

Apollo Rida extends its cooperation with Savills and appoints the firm as its sole leasing agent for office space in Jerozolimskie Business Park in Warsaw.

MSS Poland has leased 3,500 sq m in REINO Park Sosnowiec I. The tenant was represented in the transaction by real estate advisory firm Savills.

Marynarska Point 1, an office building situated in Warsaw’s Mokotów district, will soon be fully refurbished.

An increasing number of value-add investment opportunities will emerge in 2022, said Savills, as decarbonising buildings and ESG-requirements create redevelopment opportunities across Europe.