Predictions by Hadley Dean, founder of MDC2 - "In 2024 Poland will become the undisputed growth engine of Europe"

The major factor for 2024 is going to be the deployment of an equity. Currently there is 3 trillion dollars sitting in cash so the main question is will that start to be deployed early 2024 or wait until the result of the US election in Nov ‘24.

The second thing we will witness is the continuing redistribution of capital into the resi-for-rent and the industrial markets from offices. This is a continuation of what we've seen over the last two years.

Thirdly will be the continued drive on ESG agendas from occupiers, banks and EU initiatives. This has reached a point of no return and the die hard climate change deniers will be forced to develop an active plan in for repositioning their assets before the assets become stranded.

Finally, 2024 is going to go down as POLAND’s year! As an industry, we are going to witness the start of record levels of interest in Polish Real Estate. Poland is one of the only European countries where politics is normalizing, the C19 funds will be released at just the right moment to have a serious impact on the economy, near shoring will drive record FDI investment and, combined with both inflation and interest rates declining have peaked - Poland is to have? a bumper year!

The only question is: Are you ready for 2024??MDC2 is and plans to build another 300 to 400,000 sqm of warehouses. Happy New Year!