British Polish Chamber of Commerce

According to new data from Savills, Rotterdam is the most attractive port in Europe for logistics investment, coming in ahead of Barcelona, Valencia, Antwerp and Hamburg. Gdańsk, the largest seaport in Poland and one of the key container terminals in the Baltic Sea, may soon become one of the most modern in Europe thanks to Central Port project planned.

by Michael Dembinski, chief advisor and Dorota Kierbiedź, membership director, BPCC

Last week, the Polish government announced a plan to combat the economic impact of COVID-19 pandemic. The plan, covering five areas, was prepared jointly with the National Bank of Poland (NBP) and the financial supervisory body, the KNF. The PLN 212 billion package is worth over 9% of GDP, but only PLN 66 billion will have the form of direct expenditure. There are four sources of funding: the direct expenditure; guarantees from BGK, the state development bank; deferment of personal income tax (PIT) and social security (ZUS) contributions (PLN 74 billion); and the release of banks’ liquidity made by the NBP (PLN 70 billion).

The CMS transactions group will be joined by a team of lawyers with many years’ experience in advising private equity funds and significant achievements in M&A transactions. At the beginning of August 2020 CMS will be joined by Sławomir Czerwiński and Mateusz Stępień as partners, Jarosław Gajda as a counsel, Antoni Wandzilak as a senior associate, and Dominika Pietkun as an associate.

Savills has examined the key trends set to determine future global real estate investment activity in a series of articles and interviews launched today as part of its Impacts research programme, where the international real estate advisor studies the various social, environmental, demographic and technological ‘tipping points’ immediately facing global real estate.  

Dear All, KPMG takes a number of steps to share the expertise of KPMG experts on the changes that are important to entrepreneurs and to provide practical solutions that help companies to keep business in a crisis. All materials from KPMG experts are available at kpmg.pl  and on the dedicated website that aggregates current publications related to the COVID-19 pandemic: Business Security during COVID-19. Do you have a question? Email mampytanie@kpmg.pl and a KPMG expert will respond.

Although the majority of modern office stock is concentrated in Poland’s largest metropolitan areas, companies are increasingly looking beyond the core markets for office space. Global real estate services firm Cushman & Wakefield has prepared a report on 12 alternative locations for BSS tenants.

The pandemic has changed the way we live and work. We still do not know whether these changes will be temporary or permanent in nature and whether they will stay with us, even when the threat of the disease is behind us.

CMS advised Bayerische Landesbank on the financing of the construction of three wind farms with a total capacity of almost 52 MW by Pacifico Energy Partners, a renewable energy investment company. The project will be financed within the project finance formula.

Sébastien Krysiak, Castorama Polska’s CEO, talks to the BPCC’s Michael Dembinski about the challenges that Poland’s retail sector will face in the post-Covid world.