BPOs and SSCs continue to dominate Poland's office markets

04
Apr
2019
News - BPOs and SSCs continue to dominate Poland's office markets #BPO #JLL #labour #office #Poland #report #SSC

by Property Forum | Office

Companies from the BPO/SSC industry in Kraków and the Tri-City recorded the highest share for demand in the office sector. JLL summarized the activities of companies from the business services sector on the major office markets in Poland.


“Last year, tenants representing the business services sector leased approx. 380,000 sqm, which represents a quarter of overall demand in major cities, and over 50 per cent of office space demand in the largest metropolitan areas outside Warsaw”, reports Mateusz Polkowski, Head of Research and Consulting at JLL.
 
It is a very similar result to the one registered in 2017, illustrating the important role companies from the business services sector play on both the office market and the Polish economy.
 
“It is worth paying attention not just to the way companies from the BPO/SSC industry support the growth of the office sector in Poland, but also - how they are changing its quality. Tenants from the business services industry look for sustainable, state-of-the-art office space that would offer an interesting design and be equipped with the latest technological solutions, which in turn, translates into an increased supply of such spaces. Therefore, we can compete with the biggest Western European markets in terms of the quality of services offered”, comments Anna Młyniec, Head of Office Agency and Tenant Representation at JLL.
 
According to data from JLL, the highest share in office space leased in 2018 was recorded in Kraków - 64% (more than 130,000 sqm in the form of lease agreements). The Tri-City, with 57% (nearly 50 000 sqm) took second place, followed by Wrocław with 52% (more than 80,000 sqm), where 2018's two biggest lease agreements were signed. In Warsaw, only 5% of the total demand was attributed to the business services sector.
 
The largest lease agreements were concluded by companies such as IBM (approx. 18,000 sqm, Wojdyła Business Park Wrocław), Nokia 16,000 sqm (Green Towers, also Wrocław). The third largest transaction was finalized in the Enterprise Park complex in Kraków, where Aptiv decided to renew and expand its space to 15,000 sqm.



New leases

  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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