Szczecin

Over the last three years, the Szczecin office market has been developing at a record-breaking pace. Currently Szczecin offers 157.000m2 of office area. Almost 36.000m2 of modern office space is under construction. When comparing retail density with other agglomerations and retail formats currently operating in Szczecin, the market has a potential for growth. In Szczecin the potential for the development of state-of-the-art shopping centres remains high. In 2017 (due to the expansion of the Galaxy shopping centre by 17.000 m2 and Outlet Park by 7.300 m2), the density ratio increased to 546m2/1.000 inhabitatnts. The vacancy rate is at 2.8%. Prime rental rates (EUR 35 - 37/m2/month) decreased slightly. The strategic location and availability of warehouse space make the city a very attractive place to start and develop companies in the logistics sector. In 2017, 319.600m2 of industrial space was delivered to the market. Total supply reached over 500.000m2.
City Szczecin
Genearal information about the city in relation to the real estate market Over the last three years, the Szczecin office market has been developing at a record-breaking pace. Currently Szczecin offers 157.000m2 of office area. Almost 36.000m2 of modern office space is under construction. When comparing retail density with other agglomerations and retail formats currently operating in Szczecin, the market has a potential for growth. In Szczecin the potential for the development of state-of-the-art shopping centres remains high. In 2017 (due to the expansion of the Galaxy shopping centre by 17.000 m2 and Outlet Park by 7.300 m2), the density ratio increased to 546m2/1.000 inhabitatnts. The vacancy rate is at 2.8%. Prime rental rates (EUR 35 - 37/m2/month) decreased slightly. The strategic location and availability of warehouse space make the city a very attractive place to start and develop companies in the logistics sector. In 2017, 319.600m2 of industrial space was delivered to the market. Total supply reached over 500.000m2.
Financial investment budgeted in public projects in 2018 in PLN Capital expenditure in 2018 Budget: PLN 770 090 885.
The most important projects completed between October 2017 and September 2018 1. In November 2017, the Waste Management Plant Ltd. Eco Generator started its business. It is one of the most modern waste incineration plants in Europe, processing 150 tons of waste into energy per year. Investment cost of 711 m PLN.
2. Construction of a sports hall in the United School no. 1 at Młodzieży Polskiej 9 Street. Investment cost of 4.9 m PLN.
3. Construction of system of public roads, being a drive to a tram loop at Turkusowa Street. Investment was over 7.7 m PLN
4. Construction of sports field at Orla Street (nvestment cost of 2.06 m PLN).
5. Kijewo III Housing Estate I – the construction works Kozia Street (nvestment cost of 1.2 m PLN).
6. Dąbie Housing Estate – redevelopment of streets (redevelopment of part of Bośniacka Street from Szebowcowa Street behind the crossroad with Babiego Lata Street and part of Babiego Lata at the Primary School No. 71 and construction of a car park (investment cost of 2 m PLN).
Major projects planned for 2019 The City's major undertakings planned for 2019: Water Factory/ Waterpark Construction (total expenditure of 209 674 580 PLN in the period 2018-2040), modernization of road access to the Port of Szczecin: redevelopment of the road system in the area of Międzyodrze (total expenditure of 468 760 580 PLN in the period 2018 - 2022), redevelopment of Stadion Miejski (City Stadium) called after Florian Krygier (total expenditure of 296 243 182 PLN in the period 2018 – 2021), Szczecin Metropolitan Railway (total expenditure of 95 219 635 PLN in the period 2018 – 2022), Park Dąbie – entrepreneurship zone for small and medium-sized companies (total expenditure of 23 000 000 PLN in the period 2018 – 2020).
Major current projects Technical upgrading of educational establishments (total expenditure of 211 475 371 PLN in the period 2018 – 2020), construction of an integrated transportation hub Łękno together with infrastructure running through Trasa Średnicowa for passenger traffic handling in Szczecin (total expenditure of 128 446 500 PLN in the period 2018 – 2020), redevelopment of Szafera Street (from Al.(Avenue) Wojska Polskiego to Sosabowskiego Street) (total expenditure of 139 000 000 PLN in the period 2018 - 2021), redevelopment of the traffic route DK 31 – extension of the crossroad Floriana Krygiera Street with Granitowa Street with the distance of road in the direction to A6 Motorway (total expenditure of 110 832 667 PLN in the period 2018-2020), the reconstruction of the following streets: Niemierzyńska, Arkońska, Spacerowa Streets to the Wojska Polskiego Alley - stage III (total expenditure of 101 687 710 PLN in the period 2018-2019).
Financial resources (in PLN) for investment in each of the last five years 1. 2014 – PLN 424 258 228 2. 2015 – PLN 669 462 279 3. 2016 – PLN 245 689 991 4. 2017 – PLN 333 942 580 5. 2018 – PLN 770 090 885 (planned)
The proportion of the city’s budget invested in projects for buildings in relation to other expenditure (in pct and PLN) 1. 2014 - PLN 424 258 228 - 22.09%
2. 2015 - PLN 669 462 279 - 30.11%
3. 2016 - PLN 245 689 991 - 12.18%
4. 2017 - PLN 333 942 580 - 14.97%
5. 2018 - PLN 770 090 885 (planned) - 27.58%.
How many projects does the city carry out using EU funds, and what is their value? The city carries out 35 investments with a value of PLN 1.725.115.240 (co-financed from the EU Funds: PLN 701.985.345).
How open is the city to outside investors? Does it offer special incentives and investment development programmes? What are they? With a view to establishing favorable business and corporate development conditions, Szczecin is dedicated to ensuring an efficient local investor’s service, cooperating in both operational and substantive terms with Government institutions and private companies. Investors are provided with the necessary information and assisted throughout the investment procedures. They may also choose from various forms of assistance, aimed at facilitating the setting up or expansion of economic activity in Szczecin. Szczecin offers special incentives and investment development programmes: Exemptions from real-estate tax (De-minimis aid for the creation of new jobs and regional aid for initial investment), income tax exemptions within the Kostrzyn-Słubice Special Economic Zone for the cost of new investment and the two-year costs of new employees, the services of the Szczecin County Employment Office, sureties for business credits and loans, supporting the development of technology and innovation.
Which factors make the city attractive to invest in? What is the potential of the city? (location, infrastructure, proximity to expressways connecting, human capital) Szczecin is located at the junction of all major types of transport routes. It constitutes an important international transport hub within the North-South Trans-European Transport Corridor leading from Southern Scandinavia, through the Oder River route, the Czech Republic and Austria, to the Mediterranean seaports. The city has an excellent connection with the motorway system of Western Europe through the A6, and with the new express roads and motorways in Poland through the S3 express road. The Port of Szczecin Świnoujście, one of the largest port complexes in the Baltic region, located in the middle of the city, facilitates trade with the most remote regions in the world – West and North Europe, China and Africa. Szczecin has a young and well-educated society – 80% of residents are people of working and pre-working age and the academic potential comprises 37 thousand students and 9.3 thousand graduates.
Which major real estate investors have decided to invest in the city in 2018? Who are the potential investors in the city? Investors on the area of the Special Economic Zone: Garo Polska Ltd. (modern production and storage hall, production of charging stations for electric cars and heating), ABK Komplet Ltd. (a company from a food branch). Investors from the warehouse and logistics market: Panattoni Europe (modern distribution centre – Panattoni Park Szczecin Trzebusz of 68.967 sq m area), 7r City Flex Szczecin (modern warehouse facility class A), MPL Group together with J.W. Construction Holding Joint-Stock Company (logistics centre), CSL Internationale Spedition (intermodal terminal CCIC at Dunikowo). Investors from the office market: office building “Cukrowa Office” (area over 10 thous sq). Investors from the hotel market: Grand Park Hotel.
How good is the zoning plan coverage? The City of Szczecin area covered by the applicable local zoning plans currently amounts 53.3 % of the area. The total area of Szczecin is 30.060 hectares, including 7.180 hectares of water-covered land, which constitutes approximately 23.9% of the city's area.
What is the waiting time for building permits? The waiting time to receive the permit: up to 30 days. The term does not include the terms to complete specific activities provided for by the law, periods of the proceedings' suspension, and delays on the part of the applicant or for reasons beyond the control of the authority.
Why does the city deserve the award? (please stress the most important factors that make the city friendly to investors) Investors named the following factors as influencing their decision to invest in Szczecin: Szczecin’s intellectual capital, excellent location in the heart of Europe, flexibility and commitment of, and support from, the City authorities and other entities, involving primarily new technologies, public aid in the form of real estate tax exemptions, increasing availability of office space, new development projects, visual transformations of the city, clear development policies.
City
Szczecin
Genearal information about the city in relation to the real estate market
Over the last three years, the Szczecin office market has been developing at a record-breaking pace. Currently Szczecin offers 157.000m2 of office area. Almost 36.000m2 of modern office space is under construction. When comparing retail density with other agglomerations and retail formats currently operating in Szczecin, the market has a potential for growth. In Szczecin the potential for the development of state-of-the-art shopping centres remains high. In 2017 (due to the expansion of the Galaxy shopping centre by 17.000 m2 and Outlet Park by 7.300 m2), the density ratio increased to 546m2/1.000 inhabitatnts. The vacancy rate is at 2.8%. Prime rental rates (EUR 35 - 37/m2/month) decreased slightly. The strategic location and availability of warehouse space make the city a very attractive place to start and develop companies in the logistics sector. In 2017, 319.600m2 of industrial space was delivered to the market. Total supply reached over 500.000m2.
Financial investment budgeted in public projects in 2018 in PLN
Capital expenditure in 2018 Budget: PLN 770 090 885.
The most important projects completed between October 2017 and September 2018
1. In November 2017, the Waste Management Plant Ltd. Eco Generator started its business. It is one of the most modern waste incineration plants in Europe, processing 150 tons of waste into energy per year. Investment cost of 711 m PLN.
2. Construction of a sports hall in the United School no. 1 at Młodzieży Polskiej 9 Street. Investment cost of 4.9 m PLN.
3. Construction of system of public roads, being a drive to a tram loop at Turkusowa Street. Investment was over 7.7 m PLN
4. Construction of sports field at Orla Street (nvestment cost of 2.06 m PLN).
5. Kijewo III Housing Estate I – the construction works Kozia Street (nvestment cost of 1.2 m PLN).
6. Dąbie Housing Estate – redevelopment of streets (redevelopment of part of Bośniacka Street from Szebowcowa Street behind the crossroad with Babiego Lata Street and part of Babiego Lata at the Primary School No. 71 and construction of a car park (investment cost of 2 m PLN).
Major projects planned for 2019
The City's major undertakings planned for 2019: Water Factory/ Waterpark Construction (total expenditure of 209 674 580 PLN in the period 2018-2040), modernization of road access to the Port of Szczecin: redevelopment of the road system in the area of Międzyodrze (total expenditure of 468 760 580 PLN in the period 2018 - 2022), redevelopment of Stadion Miejski (City Stadium) called after Florian Krygier (total expenditure of 296 243 182 PLN in the period 2018 – 2021), Szczecin Metropolitan Railway (total expenditure of 95 219 635 PLN in the period 2018 – 2022), Park Dąbie – entrepreneurship zone for small and medium-sized companies (total expenditure of 23 000 000 PLN in the period 2018 – 2020).
Major current projects
Technical upgrading of educational establishments (total expenditure of 211 475 371 PLN in the period 2018 – 2020), construction of an integrated transportation hub Łękno together with infrastructure running through Trasa Średnicowa for passenger traffic handling in Szczecin (total expenditure of 128 446 500 PLN in the period 2018 – 2020), redevelopment of Szafera Street (from Al.(Avenue) Wojska Polskiego to Sosabowskiego Street) (total expenditure of 139 000 000 PLN in the period 2018 - 2021), redevelopment of the traffic route DK 31 – extension of the crossroad Floriana Krygiera Street with Granitowa Street with the distance of road in the direction to A6 Motorway (total expenditure of 110 832 667 PLN in the period 2018-2020), the reconstruction of the following streets: Niemierzyńska, Arkońska, Spacerowa Streets to the Wojska Polskiego Alley - stage III (total expenditure of 101 687 710 PLN in the period 2018-2019).
Financial resources (in PLN) for investment in each of the last five years
1. 2014 – PLN 424 258 228 2. 2015 – PLN 669 462 279 3. 2016 – PLN 245 689 991 4. 2017 – PLN 333 942 580 5. 2018 – PLN 770 090 885 (planned)
The proportion of the city’s budget invested in projects for buildings in relation to other expenditure (in pct and PLN)
1. 2014 - PLN 424 258 228 - 22.09%
2. 2015 - PLN 669 462 279 - 30.11%
3. 2016 - PLN 245 689 991 - 12.18%
4. 2017 - PLN 333 942 580 - 14.97%
5. 2018 - PLN 770 090 885 (planned) - 27.58%.
How many projects does the city carry out using EU funds, and what is their value?
The city carries out 35 investments with a value of PLN 1.725.115.240 (co-financed from the EU Funds: PLN 701.985.345).
How open is the city to outside investors? Does it offer special incentives and investment development programmes? What are they?
With a view to establishing favorable business and corporate development conditions, Szczecin is dedicated to ensuring an efficient local investor’s service, cooperating in both operational and substantive terms with Government institutions and private companies. Investors are provided with the necessary information and assisted throughout the investment procedures. They may also choose from various forms of assistance, aimed at facilitating the setting up or expansion of economic activity in Szczecin. Szczecin offers special incentives and investment development programmes: Exemptions from real-estate tax (De-minimis aid for the creation of new jobs and regional aid for initial investment), income tax exemptions within the Kostrzyn-Słubice Special Economic Zone for the cost of new investment and the two-year costs of new employees, the services of the Szczecin County Employment Office, sureties for business credits and loans, supporting the development of technology and innovation.
Which factors make the city attractive to invest in? What is the potential of the city? (location, infrastructure, proximity to expressways connecting, human capital)
Szczecin is located at the junction of all major types of transport routes. It constitutes an important international transport hub within the North-South Trans-European Transport Corridor leading from Southern Scandinavia, through the Oder River route, the Czech Republic and Austria, to the Mediterranean seaports. The city has an excellent connection with the motorway system of Western Europe through the A6, and with the new express roads and motorways in Poland through the S3 express road. The Port of Szczecin Świnoujście, one of the largest port complexes in the Baltic region, located in the middle of the city, facilitates trade with the most remote regions in the world – West and North Europe, China and Africa. Szczecin has a young and well-educated society – 80% of residents are people of working and pre-working age and the academic potential comprises 37 thousand students and 9.3 thousand graduates.
Which major real estate investors have decided to invest in the city in 2018? Who are the potential investors in the city?
Investors on the area of the Special Economic Zone: Garo Polska Ltd. (modern production and storage hall, production of charging stations for electric cars and heating), ABK Komplet Ltd. (a company from a food branch). Investors from the warehouse and logistics market: Panattoni Europe (modern distribution centre – Panattoni Park Szczecin Trzebusz of 68.967 sq m area), 7r City Flex Szczecin (modern warehouse facility class A), MPL Group together with J.W. Construction Holding Joint-Stock Company (logistics centre), CSL Internationale Spedition (intermodal terminal CCIC at Dunikowo). Investors from the office market: office building “Cukrowa Office” (area over 10 thous sq). Investors from the hotel market: Grand Park Hotel.
How good is the zoning plan coverage?
The City of Szczecin area covered by the applicable local zoning plans currently amounts 53.3 % of the area. The total area of Szczecin is 30.060 hectares, including 7.180 hectares of water-covered land, which constitutes approximately 23.9% of the city's area.
What is the waiting time for building permits?
The waiting time to receive the permit: up to 30 days. The term does not include the terms to complete specific activities provided for by the law, periods of the proceedings' suspension, and delays on the part of the applicant or for reasons beyond the control of the authority.
Why does the city deserve the award? (please stress the most important factors that make the city friendly to investors)
Investors named the following factors as influencing their decision to invest in Szczecin: Szczecin’s intellectual capital, excellent location in the heart of Europe, flexibility and commitment of, and support from, the City authorities and other entities, involving primarily new technologies, public aid in the form of real estate tax exemptions, increasing availability of office space, new development projects, visual transformations of the city, clear development policies.

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