Poland still the most attractive office market in CEE

Poland maintains its position as the most attractive market in the CEE region thanks to its high liquidity, as well as a wide range of high-quality investment products. The sale of the office and hotel complex built by Ghelamco – The Warsaw HUB to Google for EUR 586 million was the largest single office transaction in the history of the Polish market and the CEE region.

ESG regulations and sustainability issues are one of the stronger trends in the real estate market, especially in the office market. European Union requirements oblige owners of old office buildings to modernize them to support climate neutrality, among other things. Importantly, the environmental gain in projects is becoming no less important than the financial gain, and ESG is becoming an increasingly important justification for business decisions. 

"Currently, around 190 million buildings in the European Union are energy inefficient, so the European Commission has made it mandatory for member states to develop and implement long-term renovation strategies. Poland published such a document in February 2021. Also, a regulation called the Taxonomy imposes requirements for buildings undergoing renovation," Izabela Makowska-Kwiecińska, Associate Director in the ESG Department at Colliers, said.

(WBJ)