15:00 1 April 2020
PINK calls for symmetrical support for all commercial real estate entities
The Polish Chamber of Commercial Real Estate (PINK), representing the largest representatives of the commercial real estate sector, calls for including owners and investors in the protective program prepared by the Polish government. The provisions of the Anti-Crisis Shield adopted yesterday did not take into account their perspective, which means that the state has omitted key market participants in its activities, which have invested tens of billions of zlotys in Poland over the past 20 years - building offices, shopping malls, warehouses and creating hundreds of thousands of jobs.
The Polish commercial real estate sector (offices, warehouses, commercial space) is responsible for 12% of Polish GDP and has been a stable source of budgetary revenues for the state and local governments to date. Over the past 10 years, the value of investments in this sector has amounted to over €42 billion (approx. PLN 180 billion).
(WBJ)
