With a loan amount of €82.2 million, Helaba is financing the acquisition of the prime office property Lixa in Warsaw. The first stage of the investment was purchased by Hana Investment Co. Ltd., a South Korean consortium represented by Commerz Real. The loan term is for five years and Helaba is acting as sole underwriter for the transaction.

Skanska has signed a lease agreement with Polish e-commerce platform Allegro for about 26,000 sqm of office space and 177 parking lots in the third office building in the Nowy Rynek mixed-use project in Poznań, Poland. The tenant will move in in Q2 2021. With this lease, the building is now 87% occupied.

Cushman & Wakefield Echinox has been appointed to manage Floreasca Park office project located in the Floreasca - Barbu Văcărescu area in the north of Bucharest, the largest business hub in the Capital.

Globalworth has added another office block to its portfolio – Podium Park B in Kraków. The second stage of this project has just been completed.

Real estate developer One United Properties has taken over 20% of Glass Rom Impex shares from the owner of the company, Adrian Zamfir, Profit.ro informs.

The Romanian office market registered a 36% decrease in 2020 from the record level of 470,000 sqm recorded in 2019 to 300,000 sqm, JLL data shows.

At 230 metres full roof height Varso Tower is now officially the tallest building in Poland. Works continue at the top of the building where a 80-metre tall spire is to be assembled in upcoming weeks. Upon its completion, Varso Tower - developed by HB Reavis - will be the tallest building in the European Union with its architectural height of 310 metres. The construction is set to complete in Q1 2022.

Yareal closed the final agreement for the sale of the first phase the LIXA complex in Warsaw, which opened its doors to tenants in November. The price has not been disclosed. 

The changing structure of demand for offices, and the increasing amount of space aimed at subtenants, raises the question of whether the office sector in Poland is facing the imminent prospect of oversupply.

The spread of the hybrid model of working, fast-tracked digitalization of business processes, combined with increased awareness about the importance of employee well-being are the main trends that shaped the office market in Poland in 2020. An indirect effect of the Covid-19 pandemic was an increase in lease renegotiations, as well as a rise in the amount of space available on a sublet basis. AXI IMMO presents a preliminary analysis of the key trends in the Polish office market this year.