Largest ever office lease signed in Poland

25
Jul
2019
News - Largest ever office lease signed in Poland #Golub GetHouse #lease #office #Poland #Warsaw

by Property Forum | Office

Parties to the largest lease transaction in the history of the Polish office sector included Golub GetHouse and Mennica Polska SA, investors in the Warsaw-based Mennica Legacy Tower and mBank, which ultimately leased 45,600 sqm of the investment. The building has been fully commercialised a few months before the completion of construction works.


Mennica Legacy Tower, a skyscraper constructed at the intersection of Prosta and Zelazna streets in Warsaw, will also be home to the new Warsaw headquarters of mBank. In addition to office space, mBank also rented a conference centre and service space on the ground floor of the West Building, where it will create its flagship branch for clients.

The 140-metre-high Tower with the neighbouring 43-metre-high Western Building will offer a total of 65,630 sqm of modern office space. The project was designed by Chicago-based architecture firm Goettsch Partners, which decided to work with the well-established design consultants Epstein.

During the negotiation process, Golub GetHouse was supported by the law firm Greenberg Traurig Grzesiak sp.k. and consulting firm Colliers International, while mBank was advised by the law firm KM Partners Komorowska Michaliszyn Kancelaria Radców Prawnych i Doradców Podatkowych sp.p. and the consulting company Cresa.

mBank is the fourth largest bank in Poland in terms of balance-sheet total. It specializes in mobile banking. It was also the first online bank in Poland. It provides services to customers countrywide, as well as in the Czech Republic and Slovakia.




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New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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