Lublin beats off competition from SEVEN other cities to be named best place for investment
Investors eyeing Poland might do well to look to the eastern city of Lublin, according to a new study on Polish cities’ investment potential.
The Business Environment Assessment Study, conducted by British recruitment company Antal, American commercial real estate services company Cushman & Wakefield and real estate organisation Vasint, considered eight cities in Poland: Warsaw, Wrocław, Poznań, Łódź, the Tri-City, Kraków, Szczecin and Lublin.
The assessment was based on the opinions of senior managers at companies present in Poland, supplemented with data on factors such as cost of living.
The cities were examined in eight categories that encourage investment, including infrastructure, the labour market and support from the public administration, as well as whether they are a good place to live.
In the real estate category, which considered factors such as the availability of office space and its price, Lublin came first with a score of 7.8 out of 10, followed by the Tri-City and Kraków.
“Lublin has once again confirmed its strong position among the most attractive cities in Poland, in terms of investment. It is undoubtedly an excellent choice for companies looking for savings from operating costs,” said Agnieszka Gułaś, negotiator in Cushman & Wakefield’s Office Space Department, explaining that these are significantly lower than in other parts of Poland.
“For potential investors, however, not only financial considerations are important, but also the business environment, the quality of office buildings and the availability of facilities that improve residents’ quality of life – in Lublin they are at the highest level,” she added.
A major student city, Lublin also topped the employment potential category, ahead of Warsaw and Kraków, and came joint second in the “availability of talent” one.
In the infrastructure category, Warsaw and the Tri-City came joint first, with the study’s authors noting the advantages offered by the port in the latter, which is the largest in Poland.
Wrocław ranked first in terms of business potential.