Last year, CPI Property Group (CPIPG) maintained its healthy office and retail space leasing activity in Poland despite all the challenges the market posed.
In 2024, CPIPG signed 198 leasing contracts covering 128,400 sqm of the company’s office space in Warsaw. Most notably, the company was also responsible for the development of almost 18 percent of the total demand for office space in the Polish capital in 2024, amounting to more than 740,000 sqm. Such impressive figures were only made possible through CPIPG’s strategic approach to its portfolio management, as well as the special care it takes of tenants and their employees’ work comfort, and the growing demand for modern offices with high environmental standards that fulfil the needs for increased efficiency and improved space usage.
“Although the office market in 2024 was still stabilising and had not yet returned to its pre-2020 situation, it was nonetheless an extremely successful period for our properties. The highest quality properties are continuing to strengthen their market position – in terms of their location, technical standards and ESG criteria – hence the growing interest in our buildings. The work we are doing in terms of office building management and the quality of services provided for tenants is also crucial, as it is extremely thorough and focused on creating the best working conditions,” comments Izabela Potrykus, the Head of Leasing Offices at CPIPG.
CPIPG’s retail portfolio, which includes 23 shopping centres and retail parks across Poland, enjoyed an impressive 99 percent occupancy rate in 2024. Only four properties were less than 100 percent leased, but still averaging at around 99.2 percent. In 2024, 124 contracts were signed for a total area of almost 40,000 sqm, thus confirming CPIPG’s leading position in the retail property market in Poland. “Our retail portfolio benefits from its diverse nature – from shopping centres to local retail parks. What each of these centres has in common, however, is both an excellent location and the ideal conditions for retail chains to operate in. Major changes are taking place in the Ogrody shopping centre in Elbląg, where several eagerly-awaited brands will soon become available for customers. Thanks to the signing of these new contracts, the centre is now fully leased. The changes to the tenant mix will become evident in the spring,” emphasises Agnieszka Baczyńska, the Head of Leasing Retail and Business Excellence Director of CPIPG in Poland.
In Warsaw, CPI Property Group is the owner and manager of 20 modern office buildings with a total area of over 516,000 sqm and valued at €1.6 billion, thus making the company one of the leaders of the capital’s office market in terms of space. All of CPIPG’s buildings are located in key locations across the city and provide flexible and comfortable solutions for tenants operating in various sectors.
CPI Property Group owns and manages 23 retail properties in Poland. The portfolio, with a total area of 272,000 sqm and a value of €437 million, comprises a wide range of properties – from malls to retail parks. The company’s retail portfolio includes six shopping centres (Ogrody in Elbląg, Galeria Orkana in Lublin and four Vivo! Centres), as well as 17 retail parks (the City Market chain with six locations and the Stop Shop chain with 11 locations). The retail properties are located in 20 regional cities throughout Poland.
