E-commerce market in Poland in 2022
We recommend the report "E-Commerce in Poland 2022" published by Gemius GmbH with the support of Polish Internet Research and IAB Polska. Below is our summary:
✅ There are 30 million internet users in Poland and 77% of them shop online.
✅ 52% of online shoppers are women, 53% of purchases are made by people aged 25-49, 40% have higher education, 79% live in a city.
✅ 81% of buyers use InPost parcel lockers as the most popular form of delivery.
✅ The most popular tool used for e-shopping is a mobile phone (75%), then a laptop (73%), and only a desktop computer is 41%.
✅ 23% of Internet users do not buy online because: they want to see the product before buying it (41%), too high delivery costs (22%), delivery time (18%).
Source: Gemius Polska
Summary of 1st half of 2022
What does the real estate investment market look like after the 1st half of 2022? Below is a summary:
✅ EUR 2.9 billion - the total volume of investment transactions on the real estate market (+40% y/y),
✅ 2.42 million sq m - the total area of completed warehouses,
✅ 3.9 million sq m - gross demand for new warehouse space,
✅ 3.2% - vacancy rate (record low and falling).
1H of 2022 was heavily driven by e-commerce as well as logistics and manufacturing trying to shorten supply chains.
Source: AXI IMMO Group, Colliers
Newport Logistics Fund at the Obiekty conference - "Magazyn optymalny"
Szymon J. Ostrowski was today as a keynote speaker during the conference Obiekty - "Magazyn Optymalny".
Szymon shared his thoughts on the state of the warehouse market in the CEE region in the context of geopolitics as well as covid-19. Thank you Krzysztof Kogut for the invitation!
Source: Magazyn “Obiekty”
NEWPORT GOLF CUP 2022!
Today was our first golf tournament 🏌
Together with Panattoni, who was a partner of our tournament, we had the pleasure to host our guests at Rosa Private Golf Club. The weather and moods were good!
Congratulations to all the winners and thank you for a great opportunity to meet.
High demand for warehouses, despite weakening of e-commerce
We recommend a very interesting interview with Robert Dobrzycki, CEO of Panattoni Europe, UK and India, on the situation on the warehouse market in Poland as well as on global implications.
✅ The demand for warehouses is still very strong. Despite the weakening of e-commerce demand, both lofistics and production are very strong.
✅ Nearshoring and shortening supply chains are a strong and and noticeable trend.
✅ The cost in Poland despite of being higehr than before, is still low compared to Western Europe. In addition, due to the location, we are in an ideal position to serve both the East and the West of Europe.
Source: Property News
Demand for warehouses is still growing
According to Cushman & Wakefield, further "high demand for warehouse space is generated by the logistics, distribution and retail industries. (...) The further development of the e-commerce and courier industries is also visible."
✅ 3.8 million sq m - demand for warehouse space in Poland (+ 12% y/y).
✅ 3.3% - the vacancy rate in Poland is at a record low level, which translates into 867 thousand sqm of available space for lease, which is 38% less than the year before.
✅ 20 million sq m - this is a bank of investment land that can be built in the next few years.
Source: Forsal
Growing demand for ecological warehouses
The main factors influencing the choice of space are invariably the location and costs of renting the warehouse. However, over time, we observe a change in trends, potential tenants declare the importance of environmental issues in their warehouses, and expect developers to provide technological and ecological facilitations as well as certificates for buildings. Companies that have ESG rules written in their strategy, according to reports, are able to pay extra from 1 to 10 percent of the rental cost.
According to CBRE: "4.5 million sq m of warehouse space is currently under construction in Poland, but it is still not enough to meet the overall demand for this type of space. The boom in the market makes tenants take what is available". Therefore, despite the constant construction of newer warehouses and spaces, potential tenants often have no choice but to choose not always certified spaces, as it is still a factor less important than location and price.
Source: Strefa Biznesu
Daniel Raemy has joined Newport Logistics Fund
We are pleased to announce that today Daniel Raemy has joined the Newport Logistics Fund as a member of the Supervisory Board and the Fund's Investment Committee.
Daniel has worked for the past 13 years for J. Safra Sarasin, a leading private bank in Switzerland. As CEO of J. Safra Sarasin Polska, he built a strong position of the bank on the Polish market and developed a network of contacts among Polish entrepreneurs and business leaders.
Previously, Daniel worked for the Swiss bank UBS AG, where over 17 years he held various positions in private banking in Switzerland and then in Poland. Daniel studied at KV Zurich Business School in Switzerland and holds a Certified International Wealth Manager diploma from CIWM, AZEK, Switzerland.
