News Article Capital Park Cresa e-commerce lease office Poland Warsaw
by Property Forum | Office

Polish shopping platform Allegro has leased nearly 16,200 sqm at the Norblin Factory in Warsaw. The tenant was represented during its negotiations with the Capital Park Group by global real estate advisory firm Cresa.

Allegro is growing at an unprecedented pace, with upwards of 20 million visitors to its website every month. Last year, it registered a 40% rise in online offers, and sees a new business account opened every five minutes. To accommodate its rapid growth and expansion of its team, Allegro will need to upsize its offices in several locations across Poland. It is headquartered in Poznań, with regional offices in Warsaw, Toruń, Wrocław, and Krakow. Allegro has 2,100 professionals, of whom 640 are based in Warsaw.

Allegro’s new office will occupy five floors in building B of the mixed-use Norblin Factory. The company will move in stages from the Q22 office building to the Norblin Factory, starting from July 2021.

The Norblin Factory is being built in the centre of the capital at the intersection of Żelazna, Prosta and Łucka streets. There are 65,000 sqm of usable space, including 41,000 sqm of offices, under construction on a two-hectare site. The remaining 24,000 plus sqm will be a combination of several functions: entertainment, F&B, services, retail, culture and wellness. The complex offers a four-level 720-space underground car park with 200 spaces for bicycles. The buildings will feature a range of sustainable solutions – they have already been BREEAM pre-certified with a Very Good rating in the design phase. To commemorate the history of the factory in Żelazna Street, the investor will create a Museum of the Norblin Factory. The tenants of the Norblin Factory include BioBazar (1,800 sqm), a boutique seven-screen cinema (3,300 sqm), a food hall with over 30 F&B concepts (3,200 sqm), Piano Bar with live music (408 sqm) and numerous restaurants. The revitalized complex will also include the Japan Tobacco International Global Business Service Center with an area of ​​8,500 sqm.

The Capital Park Group is the investor and originator of the revitalization of the Norblin Factory.