Polish government adopts third deregulation package to ease tax and investment rules

On 20 May 2025, the Council of Ministers approved a third set of legislative proposals under its ongoing deregulation initiative, aimed at reducing administrative burdens and improving legal clarity for investors, entrepreneurs, and financial institutions. The new package, prepared in cooperation with the Ministry of Finance, introduces amendments to several laws covering taxation, inheritance, restructuring, and investment funds.

One of the key proposals focuses on updating the rules for tax refunds in the event of revocation of permits or decisions supporting investments in the Polish Investment Zone (PSI) or Special Economic Zones (SEZ). Under the current system, entrepreneurs are required to return the entire amount of public aid, even if only part of it was used. The new legislation will allow businesses to repay only the tax exemptions linked specifically to the income from activities associated with the revoked decision or permit. This change is expected to make the tax exemption system more attractive and fair, especially for companies planning to expand or invest further in Poland.

The amendments also aim to ease the functioning of general partnerships and tax capital groups. General partnerships will no longer be required to submit annual information about their shareholders if there has been no change in their composition. For tax capital groups, the revised law removes the automatic loss of corporate income taxpayer status if a transaction with an external related party is found to be non-market based, regardless of the scale or intent. This will enhance legal certainty and operational stability for businesses operating within such structures.

Significant changes are also proposed for the Act on Inheritance and Donation Tax. The updated rules simplify tax settlements for recurring benefits such as pensions and bring back the previously used method of reporting only summary information to tax authorities. The changes respond to complications introduced by a recent Supreme Administrative Court ruling and are expected to streamline tax administration for both citizens and authorities. Additionally, individuals will no longer be required to obtain tax office certificates confirming payment or exemption when acquiring property through a notarial deed or from close family members, further reducing bureaucratic requirements.

The third deregulation package also includes amendments to banking and restructuring laws. Currently, bankruptcy and restructuring proceedings are hampered by limited access to financial data due to banking secrecy regulations. The new provisions will authorize banks and cooperative credit unions to share protected financial information with court-appointed administrators, receivers, and supervisors involved in insolvency procedures, ensuring smoother proceedings and better protection of creditors’ interests.

Changes are also being made to facilitate mergers of non-public closed-end investment funds managed by the same fund management company. Presently, these mergers require a supermajority vote from fund participants, which often proves difficult to obtain. The new regulations will lower the threshold for consent from two-thirds to a simple majority. If the required participation is not met at the first meeting, a second assembly may be convened, and approval can be granted with the majority of those present or represented. This modification is intended to make fund consolidations more practical and responsive to market needs.

The proposed amendments to personal income tax, corporate income tax, inheritance and donation tax, the Banking Law, and the Act on Investment Funds and Management of Alternative Investment Funds are expected to take effect in stages. Most of the measures will come into force either on 1 January 2026 or within 14 days following their publication in the Journal of Laws.

This latest package continues the government’s effort to streamline regulatory frameworks and encourage investment by reducing legal and procedural complexity in key areas of economic activity.

Polish Ministry of Finance warns public about ongoing email fraud attempt

The Ministry of Finance and the National Revenue Administration (KAS) have issued an urgent warning about a wave of fraudulent emails currently circulating, in which scammers impersonate official government institutions. These deceptive messages are designed to mislead recipients into revealing sensitive personal and financial information.

According to authorities, the fraudulent emails often reference tax refunds or the need to confirm personal identification data under the pretext of processing payments. In doing so, the perpetrators attempt to gain access to private details such as bank account numbers, login credentials, and other confidential data.

The emails may include links or attachments that, once clicked, redirect users to counterfeit websites that closely resemble official government portals. These websites may prompt victims to enter their personal data, which is then used for identity theft or financial fraud. The Ministry stresses that these emails are not issued by any legitimate state body and that users should not respond to them or click on any links.

Citizens are urged to exercise caution and verify the source of any email purporting to be from the Ministry of Finance or KAS. If there is any doubt about the authenticity of a message, individuals are encouraged to contact the KAS hotline at 22 330 03 30 to report the incident or seek guidance.

The Ministry continues to monitor the situation and is cooperating with relevant authorities to identify and take action against those responsible. In the meantime, the public is reminded to remain vigilant and to protect their personal data by avoiding suspicious emails and regularly updating their security practices.

Skanska begins construction of large-scale residential district in Prague’s Malešice

Skanska Residential has launched construction of a major new housing development in the Malešice district of Prague. The project, named Habitat, will deliver approximately 1,000 new apartments over the next decade on a 70,000 sqm brownfield site in Prague 10, along Černokostelecká Street. The total investment is expected to reach into the higher billions of Czech crowns, with the first phase valued at CZK 851 million and scheduled for completion in 2027.

The development is being designed by international architectural firm Chapman Taylor, which previously worked on the W Hotel and Flow Building on Wenceslas Square and Scott.Weber offices in Holešovice. The firm’s architect, Filip Pokorný, described Habitat as a contemporary residential neighborhood that will reflect current trends in urban housing and sustainability.

The first construction phase will include 125 apartments and six non-residential units. A variety of layouts will be available, including mostly 2+kk and 3+kk units, with some smaller 1+kk and larger 4+kk apartments on upper floors. Each unit will feature a private balcony, terrace, or loggia. The development will also offer underground storage spaces, a stroller and bicycle room, and 135 garage parking spaces.

Designed with environmental considerations, the buildings will incorporate photovoltaic panels expected to generate up to 31 MWh of electricity annually. Other sustainable features include greywater recycling systems and technology to reduce potable water consumption. Outdoor spaces will include green areas, a bike path, playgrounds, a community garden, and gazebos to promote leisure and social interaction.

Habitat is one of several residential projects Skanska is currently developing in Prague. These include ongoing or planned phases at Modřanský cukrovar, Albatros Kbely, and Emil Kolben in Vysočany, as well as new buildings on the site of the Michelin Bakery and a timber structure in Radlice. Since entering the Czech market in 1997, Skanska Residential has built more than 9,000 apartments in the capital.

According to a joint market analysis by Skanska Residential, Trigema, and Central Group, apartment sales in Prague reached 2,550 units in the first quarter of 2025, marking a 60% year-on-year increase and the highest Q1 result in 15 years. Average listed prices rose to CZK 167,947 per sqm, up 10% year-on-year. Skanska reports that 60% of the units in the first phase of Habitat have already been sold ahead of completion.

EBRD Invests €76 million in VGP green bond to support sustainable logistics development in CEE

The European Bank for Reconstruction and Development (EBRD) has invested €76 million in a tap issuance of VGP’s green bond programme, increasing the total volume of the March 2025-issued €500 million senior unsecured green bonds to €576 million. Maturing in January 2031, the proceeds will support VGP’s efforts to expand its sustainable industrial and logistics real estate portfolio in Croatia, Czechia, Hungary, Romania, Serbia and the Slovak Republic.

The investment aligns with the EBRD’s strategic goals to promote green economic development and support sustainable infrastructure across its regions of operation. The allocated proceeds from the EBRD’s participation are earmarked for projects that meet EU taxonomy standards. These include assets that exceed energy performance requirements, renewable energy developments, and the acquisition of buildings that rank among the most energy-efficient in their respective markets, such as those holding an EPC A rating or falling within the top 15 per cent of national building stock.

With demand for high-quality logistics infrastructure rising in Central and South-Eastern Europe, the investment aims to address the undersupply of A-class, environmentally compliant warehouse and industrial spaces in the region.

Vlaho Kojakovic, Head of Real Estate at the EBRD, highlighted the broader significance of the investment: “VGP’s green bond programme facilitates the expansion of sustainable logistics assets in markets that require modern, energy-efficient facilities. Our support reflects the EBRD’s commitment to accelerating the decarbonisation of the real estate sector and aligns with our Real Estate Strategy 2025–29 and Green Economy Transition agenda.”

Jan Van Geet, CEO of VGP, welcomed the EBRD’s continued partnership: “This investment enables us to meet the growing demand for sustainable and efficient logistics infrastructure across key Central and Eastern European markets. We are focused on delivering buildings that meet high environmental standards and contribute to the sector’s green transition.”

VGP is a pan-European provider of logistics and semi-industrial properties focused on sustainability and high-quality real estate solutions. The EBRD, a longstanding investor in the region, has invested a total of €35.2 billion across Croatia, Czechia, Hungary, Romania, Serbia and the Slovak Republic to date.

Photo: VGP Usti nad Labem City

European Commission forecasts Poland to lead EU growth in 2025 and 2026

On 19 May 2025, the European Commission released its Spring Economic Forecasts, projecting that Poland will experience real GDP growth of 3.3% in 2025 and 3.0% in 2026, following a 2.9% increase in 2024. These figures position Poland as the fastest-growing large economy in the European Union. The Commission attributes the projected growth to a continued expansion in private consumption and a strong rebound in investment activity, though the contribution of net exports is expected to remain negative.

The updated forecasts represent a downward revision from the Commission’s November 2024 outlook, lowering the GDP growth forecast by 0.3 percentage points for 2025 and 0.1 points for 2026. The European Commission’s projections are also slightly more conservative than those issued by Poland’s Ministry of Finance, which forecast growth of 3.7% in 2025 and 3.5% in 2026. One contributing factor to this adjustment is the anticipated impact of U.S. trade policy on global demand.

Private consumption is projected to rise by 3.4% in 2025 and 2.8% in 2026, supported by continued real wage increases and easing inflation. Investment is forecast to grow strongly, up by 6.9% in 2025 and 5.3% in 2026, following a decline in 2024. The increase is expected to be supported by EU funding. Net exports, however, are projected to subtract 0.6 percentage points from growth in 2025 and 0.2 points in 2026, as improved domestic demand drives higher imports while exports remain subdued due to sluggish external markets.

Inflation in Poland, measured by the Harmonised Index of Consumer Prices (HICP), is expected to average 3.6% in 2025 and decline to 2.8% in 2026. Core inflation is projected at 3.2% in 2025 and 2.9% the following year. In the labour market, unemployment is forecast to remain low at 2.8% through 2025 and 2026—well below the EU average. Employment is expected to rise modestly, with labour costs increasing at a slower pace than in 2024.

The Commission highlights several risks to the forecast, including trade tensions, possible delays in public investment implementation, and stronger-than-anticipated private consumption.

On fiscal matters, the European Commission estimates Poland’s general government deficit will reach 6.4% of GDP in 2025 and 6.1% in 2026. High defence spending continues to weigh heavily on public finances. The slight reduction in the deficit in 2026 is attributed to consolidation measures outlined in Poland’s Medium-Term Budget and Construction Plan for 2025–2028. Additional fiscal consolidation measures are expected to be addressed in the 2026 Budget Act.

Public debt is projected to rise from 55.3% of GDP in 2024 to 58.0% in 2025 and 65.3% in 2026, driven primarily by continued defence expenditures.

MLP Group reports revenue and EBITDA growth in first quarter of 2025

MLP Group recorded revenue of PLN 109.2 million in the first quarter of 2025, representing a 13% year-on-year increase. EBITDA, excluding revaluation effects, rose by 7% to PLN 53.9 million. The company maintained strong operational stability, with 99% of rents collected on time, and signed lease agreements for approximately 45,000 square metres of space since the beginning of the year. The occupancy rate of the portfolio stood at 92.15%, with some temporary decline attributed to new developments nearing completion.

Gross asset value amounted to PLN 5.49 billion at the end of March 2025, down 1% compared to December 2024, while the net asset value declined by 2% to PLN 2.69 billion. In euro terms, however, the asset value increased slightly, reflecting currency movements. The company’s financial position remains stable, supported by a conservative approach to debt and liquidity management. The net debt to EBITDA ratio improved to 11.0x from 13.6x at the end of 2024, a 20% decrease.

MLP Group continues to focus on urban locations and long-term partnerships with high-quality tenants. The average lease term across the portfolio rose to 7.7 years. The group’s logistics properties are among the most modern in Europe, with 90% built in the past decade. Despite reporting a net loss of PLN 42.7 million in Q1 2025, compared to a profit of PLN 16.2 million in the same period last year, the company expects continued improvement in EPRA earnings and FFO as rental demand and investment activity remain strong. MLP also anticipates lower interest rates later in 2025, which may lead to a decline in yields and increased property valuations.

“From the beginning of this year until the issue date of the report, we signed contracts for a total of about 45,000 sq m of space. Effective relationship building with customers helps us develop long-term partnerships, which in some cases have lasted over 20 years, with a tenant retention rate reaching nearly 99%. The weighted average unexpired lease term (WAULT) for our portfolio rose to about 7.7 years, up from 7.1 years in the last quarter of the previous year.

“MLP Group’s investment properties represent one of the most modern portfolios in the European logistic market, with 90% of the buildings developed within the last ten years and over 60% in the last five years,” said Radosław T. Krochta, CEO of MLP Group S.A.

Who Is buying new-build homes in Poland today? Investors and cash buyers lead the market

A recent survey explores who is currently the most active on the new-build housing market. With high mortgage costs and the absence of a government support programme for buyers, the market is increasingly dominated by investment and cash buyers. The survey also examines which types of projects are most frequently chosen by these investors. Additional insights and expert commentary on the topic can be found within the full text.

Tomasz Kaleta, managing director of sales and marketing at Develia
Despite high credit costs, we do not see any significant changes in the structure of apartment financing by buyers. As in previous years, when credit costs were lower and support programmes were available on the market, the share of credit customers remains at around 50% and is currently showing an upward trend. Such a high share of customers using loans is primarily due to the activity of people buying larger and more expensive properties, with a larger own contribution. On the other hand, young people planning to buy their first home are the group that makes their purchasing decisions most dependent on interest rate cuts.

In the case of cash customers, about half make purchases for investment purposes and the rest for residential purposes. Among investment customers, small properties in central locations continue to enjoy the greatest interest.

Agnieszka Majkusiak, Sales Director at Atal
Every cycle in the housing market has its own characteristic trends. Investment purchases were one of them, but their intensity has recently decreased. However, this does not mean that investors are not making any purchases at all. They are usually interested in flats in very good locations, i.e. city centres, which offer better prospects for both short- and long-term rentals.

The current calm on the market and the resulting wide choice of flats on offer from developers are encouraging people who do not need to take out a loan to make transactions. They often buy for their families, as a security for their children’s future or to improve their standard of living, using funds from the sale of other properties.

Barbara Marona, Sales Office Manager, Matexi Polska
Our residential offering is focused on the mid-range and upper mid-range segments, which traditionally attract customers with significant own funds. We have already noticed a high number of cash purchases or purchases made with minimal credit support. Currently, the sales structure remains stable, with a similar share of customers financing their purchases from both their own funds and with the help of loans. However, it is worth noting that we are seeing growing interest in credit purchases, which is related to the recent declines in WIBOR rates and forecasts of further reductions. We see potential for a gradual increase in the share of credit customers in the coming months.

Mariusz Gajżewski, Head of Sales, Marketing and Communication, BPI Real Estate Poland
In the current sales structure, we see a higher share of cash purchases, which is due, among other things, to the lack of government support in the form of a subsidy programme and the still relatively high cost of credit. Investment purchases are particularly visible in projects such as Czysta4 and Chmielna Duo, which, thanks to their central locations and high standard of finish, attract customers looking for a safe place to invest their capital. Investors in these projects also appreciate the environmentally friendly solutions and prestigious locations with good access to urban infrastructure.

Agnieszka Gajdzik-Wilgos, Sales Manager, Ronson Development
The current sales structure shows diverse customer attitudes. We note that some potential buyers are waiting for credit conditions to improve and are rationalising their purchasing decisions by choosing specific types of flats, often at the expense of larger floor space.

Customers prefer compact, well-designed properties that can be functionally adapted to changing needs. The flexibility of apartment layouts is key. The possibility of modification, e.g. separating the kitchen from the kitchenette or converting three-room apartments into four-room apartments, is important.
Last year, we already observed a growing trend of cash purchases of flats. Currently, more and more transactions are being carried out by foreign investors who make package purchases.

Michał Witkowski, Sales Director, Lokum Deweloper
Since the beginning of 2024, we have observed a clear dominance of customers buying flats for cash. Depending on the investment, their share reaches up to 90%. Investors looking for properties in our estates to build a portfolio of high-standard flats usually finance their purchases with their own funds. The conditions prevailing on the real estate market, i.e. high mortgage costs and the government’s lack of response to this situation, are hitting those planning to buy a home for their own use the hardest. However, they do not significantly affect our sales structure in the investment client segment.

The Lokum Porto estate is the most popular among investors. Its most important advantages are its excellent location in Wrocław’s Old Town, great transport links, high standard of construction and comprehensive nature. Residents have access to many amenities that significantly improve the comfort of everyday life, including underground and above-ground car parks, electric car charging stations, numerous bicycle racks, walking paths with ponds and places to relax, an outdoor gym and playgrounds. In the immediate vicinity, there are shops and service outlets, educational and medical facilities, and parks, and right next to the estate, there are recreational areas on the Oder River.

We are also noticing growing interest from investors in the Lokum la Vida development in Sołtysowice. They particularly appreciate the wide range of flats with varied sizes and layouts, from compact two-room flats to comfortable four-room flats, which are popular with families moving for work reasons. Another unquestionable advantage of the estate is its attractive location close to the city centre and green areas, as well as the extensive urban infrastructure in the vicinity and transport links to various parts of Wrocław.

Piotr Ludwiński, Sales Director at Archicom
Currently, cash buyers account for the majority of our sales. This is a trend that has been going on for a long time and is mainly due to the limited availability of mortgage loans and still relatively high interest rates. At the same time, we can see that thanks to our diversified offer and the availability of apartments with well-designed, compact floor plans, we are also able to effectively respond to the needs of customers financing their purchases with loans. Such flats, especially in popular locations, allow buyers with limited creditworthiness to enter the property market despite more difficult financing conditions. In the investment segment, flats in well-connected locations with access to services, public transport and green areas continue to enjoy the greatest interest. Thanks to their versatility and attractive location, these types of properties are a natural choice for investors looking for a safe capital investment.

Joanna Chojecka, Sales and Marketing Director for Warsaw and Wrocław at Robyg Group
The current situation on the housing market is characterised by a clear change in the structure of buyers, which is directly related to the high cost of mortgage loans and the end of the 2% Safe Credit programme. The lack of new forms of support, combined with economic uncertainty, has caused buyers to limit their activity, and cash capital dominates the market today. There is a clear increase in the share of cash purchases. Investment buyers constitute a significant part of the market. These are people who invest their surplus capital in real estate, treating investments as a form of protection against inflation and a way to generate passive income.

Damian Tomasik, President of the Management Board of Alter Investment
The current structure of apartment sales shows a clear shift in buyer preferences. On the one hand, we still have an active group of investment clients who operate mainly with cash and are looking for stable, well-located products with potential for value growth. On the other hand, individual clients are returning more and more clearly, buying for their own needs, especially in the single-family home segment.

Today, we are seeing a clear trend towards buying homes for personal use, both semi-detached and detached, especially in suburban locations with good transport links to city centres. Customers who were unable to finance their purchases a few months ago due to the cost of credit are starting to return to the market, which is directly linked to the announcement of interest rate cuts.

Investors remain very active, especially in the largest cities, where stable rental demand and property value growth are most predictable. It is on the land we own in such locations that we are seeing the greatest interest from developers, who know that the product built there will find a buyer. Today, the best and most ‘absorbent’ products on the market are 2-3 room flats in good locations, with good access to transport and services, as well as comfortable houses with larger plots of land outside the city, which offer space, privacy and a lifestyle increasingly sought after by young families.

Source: dompress.pl
Photo: Piekna Vita, Develia

GCC budgets for 2025 reflect cautious spending amid oil price uncertainty

The 2025 budgets across Gulf Cooperation Council (GCC) countries reflect a cautious approach to spending and revenue planning, driven by continued oil production cuts and subdued global demand. According to a recent analysis by Kamco Invest, aggregate GCC expenditures are projected to fall to USD 545.3 billion in 2025 from USD 554.9 billion in 2024, while revenues are forecast to decline by 3.1% to USD 488.4 billion, resulting in a combined fiscal deficit of USD 56.9 billion.

The budget planning across the region largely assumes conservative oil prices—around USD 60 per barrel—even though actual average prices are forecasted to hover closer to USD 69.6 per barrel for the full year. Crude oil demand forecasts have been revised downward by both OPEC and the IEA due to increased global economic risks and trade tensions, notably the recent tariffs imposed by the United States.

Saudi Arabia is expected to account for over 65% of the region’s revenues and nearly 64% of its spending. The Kingdom has budgeted for revenues of USD 319.7 billion and expenditures of USD 347 billion, projecting a fiscal deficit of USD 27.3 billion. The government’s priorities remain focused on health, social development, and military spending. Non-oil revenue growth and enhanced tax collection are helping partially offset declining oil receipts.

Kuwait’s budget for FY 2025/2026 foresees a deficit of USD 20.6 billion, with revenues based on a crude oil price of USD 68/b and output of 2.5 million barrels per day. However, the breakeven oil price required to balance Kuwait’s budget stands at USD 90.5/b, highlighting the ongoing fiscal pressures. The share of non-oil revenue is expected to rise slightly to 16%.

Qatar, meanwhile, projects a 2025 fiscal deficit of USD 3.6 billion. With oil and gas revenues expected to fall by 3.1%, the government has committed significant allocations to healthcare, education, and ongoing development projects as part of its diversification strategy.

The UAE has balanced its federal budget at AED 71.5 billion, with increased allocations for social development and government affairs. It remains the only GCC member budgeting for a breakeven year, reflecting its relatively diversified economy.

Oman’s budget is based on USD 60/b oil and targets a deficit of USD 1.6 billion. Public spending is focused on essential sectors, including healthcare, education, and social protection, with a significant share devoted to development initiatives in line with the country’s five-year plan.

Bahrain’s budget for 2025 includes a 20.6% increase in expenditure to USD 11.7 billion against revenues of USD 7.7 billion, leading to a projected deficit of USD 3.9 billion. Despite higher fiscal pressures, the country maintains investments in housing, healthcare, and infrastructure while aiming to reduce the deficit through tax reforms and selective spending cuts.

Regionally, the project pipeline remains robust. As of April 2025, the GCC’s total planned project market stood at USD 1.54 trillion, with Saudi Arabia accounting for over half of that value. Kuwait showed the strongest year-on-year growth in awarded projects, driven by infrastructure investments aligned with its Vision 2035 development strategy.

While fiscal consolidation remains a key theme, most governments continue to prioritize non-oil economic diversification and strategic public investments, particularly in infrastructure, social services, and technology. However, the extent of success will hinge on geopolitical developments, energy market stability, and the pace of recovery in global demand.

IAD Investment Real Estate Fund Signs Lease Agreement with Kooperativa for Twin City C in Bratislava

IAD Investment Real Estate Fund (IAD IRF), managed by IAD Investments, has signed a long-term lease agreement with Kooperativa poist’ovňa, a.s., part of the Vienna Insurance Group, for 7,200 square metres of office space in the Twin City C administrative building in Bratislava. The lease is set for ten years, with occupancy beginning in November 2025. With this agreement, the occupancy rate of Twin City C is expected to exceed 95% by the end of the year.

Martin Proksa, CEO of IAD Investments Fund and board member of IAD Investments Management S.à r.l., said the lease marks a confirmation of the fund’s investment strategy focused on high-quality properties in prime locations. The decision by Kooperativa to move into Twin City C aligns with its criteria for modern, accessible, and energy-efficient office space that also complies with ESG principles.

Kooperativa’s CEO Vladimír Bakeš described the relocation as a key moment in the company’s development, moving its headquarters after more than 30 years. He emphasized the value of a well-equipped and sustainable work environment that supports employee productivity, creativity, and wellbeing. He added that the move to Twin City C – located in the business district of Mlynské Nivy – reflects the company’s long-term cooperation with IAD.

IAD Investment Real Estate Fund reported net assets of over €115 million as of 31 March 2025. The fund, which has a history of more than 12 years, focuses on stable, income-generating real estate investments. In 2024, it recorded its highest-ever revenue, with institutional class shares appreciating by 12.5% annually, class A by 11.9%, and regular class shares by 11.8%.

The fund’s property portfolio includes Twin City B and C, as well as City Business Center I and II in Bratislava, and the Aupark shopping centre in Hradec Králové. IAD Investments, based in Slovakia and operating since 1991, manages assets worth over €2.1 billion across Slovakia, the Czech Republic, Hungary, and Poland. The company is part of Pro Partners Holding.

Kooperativa, a member of Vienna Insurance Group (VIG), is a major insurance provider in Slovakia, serving over 1.5 million clients and holding a market share of 24.7% at the end of 2024. The Vienna Insurance Group is active in 30 countries, with around 50 companies and 32 million clients. VIG is listed on the Vienna, Prague, and Budapest stock exchanges and maintains an A+ rating with a stable outlook from Standard & Poor’s.

Two new tenants join Panattoni Park Siedlce as expansion moves forward

Panattoni has signed lease agreements with two new tenants at its logistics park in Siedlce. FoodWell, a company active in the dried fruit and nuts market, will occupy 5,700 sqm of space in an existing building. A second tenant, a logistics operator, has agreed to lease more than 6,200 sqm, prompting the development of new warehouse space.

FoodWell plans to use the warehouse as a storage and distribution facility for finished products, as well as for raw materials and packaging connected to its production site in Janów Podlaski. The company is part of a Polish capital group active in the healthy food sector, with brands including Bakalland, Delecta, Purella Superfoods, BeRAW, and Anatol.

With the lease to FoodWell, Panattoni has fully commercialised the speculative space currently available at Panattoni Park Siedlce. The agreement with the logistics operator will initiate the next stage of the development. Construction of the new warehouse unit has already begun and is expected to be completed by the end of 2025.

The facility will be developed in line with BREEAM “Excellent” certification standards, incorporating features to reduce water consumption and enhance indoor environmental quality. The design will ensure access to natural daylight and provide workspaces with improved acoustic and thermal conditions.

Panattoni Park Siedlce consists of two Class A warehouse buildings located near the centre of Siedlce and close to the Siedlce Południe exit of the city bypass, which connects to the A2 motorway. The site provides direct road access to Warsaw and eastern Poland, offering flexible solutions for storage, logistics, and light manufacturing activities.

« Previous 1 … 191 192 193 194 195 … 381 Next »

Latest news

All posts by fletcher@cijeurope.com.