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News Gdansk’s Olivia Star secures new tenant
16
Dec
2016

Gdansk’s Olivia Star secures new tenant

by Ákos Budai
Nordea Bank AB Branch in Poland is one of the new tenants of Olivia Star, a newly constructed building of the Olivia Business Centre in Gdańsk. It leased two floors there occupying nearly 2600 sqm. Colliers International supported the Scandinavian firm in this transaction.
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News Year of records on the Prague office market
16
Dec
2016

Year of records on the Prague office market

by Ákos Budai
Prague's office market has witnessed several records this year: the lowest annual office supply in history and one of the highest demand volumes. By the end of 2016, Prague´s office market will have 3,245,000 sqm of modern offices. At the same time, the Czech capital recorded the lowest annual office supply in history with only 33,600 sqm in 6 projects, On the contrary, over 180,000 sqm of new office space will be delivered to the Prague market next year. 
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News What’s next for the Warsaw office market?
15
Dec
2016

What’s next for the Warsaw office market?

by Ákos Budai
Warsaw’s office stock topped 5 million sqm in 2016. High growth dynamics and changing market conditions have led to inter- and intrazone tenant migration in the past two years. Building age is still central to the choice of a suitable location. Cushman & Wakefield presented its findings in a report on the future of the Warsaw office market.
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News Skanska completes Katowice office building
13
Dec
2016

Skanska completes Katowice office building

by Ákos Budai
Skanska has attained an occupancy permit for the third building of Silesia Business Park in Katowice. The office complex is one of the biggest office parks in Katowice and already has lease agreements signed for over 23,000 sqm of space.
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News HB Reavis finalises sale of Gdanski Business Center
05
Dec
2016

HB Reavis finalises sale of Gdanski Business Center

by Ákos Budai
On 1 December 2016, international real estate developer HB Reavis and Savills Investment Management on behalf of a Global Pension Fund client, concluded the sale agreement of two of buildings within Gdanski Business Centre in Warsaw. In one of the largest transactions of the year in Poland and also in the CEE region amounting to €186 million, Savills Investment Management has acquired buildings A and B of the Gdanski Business Center, totalling 48,000 sqm.
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News Skanska prepares new projects in Warsaw
05
Dec
2016

Skanska prepares new projects in Warsaw

by Ákos Budai
Skanska Property Poland has signed an agreement on the rights of perpetual usufruct, a right granting long-term use of real estate, on the land plot near Rondo ONZ in the business centre of Warsaw. Currently, the Ilmet office building is located on this plot. In addition, the company has bought the Warsaw One project, which was designed by the previous owner. In the transaction process the seller was advised by Knight Frank.
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News Katowice’s Silesia Star secures new tenant
29
Nov
2016

Katowice’s Silesia Star secures new tenant

by Ákos Budai
Mentor Graphics Corporation, a manufacturer of design software and electronic equipment, has signed a lease agreement on 4 417 sqm in building B of Silesia Star in Katowice. The client was represented by Cushman & Wakefield in lease negotiations and the coordination and supervision of fit-out works in the new office.
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News Office developers get busy in Budapest
24
Nov
2016

Office developers get busy in Budapest

by Ákos Budai
During the third quarter, three new office buildings were completed with a total area of 39,570 sqm – reports JLL in their latest Budapest Office Market Pulse. The increasing development activity has had an effect on the vacancy rate as well: the Budapest office market’s vacancy rate made a slight increase to 10.9% as a result of the vacant space in the newly completed buildings and in the buildings from where the tenants moved out.
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News Warsaw’s West Station I secures new tenant
24
Nov
2016

Warsaw’s West Station I secures new tenant

by Ákos Budai
Panalpina Polska, an air and sea freight company, leased a 630 sqm office in the West Station I building. A team of BNP Paribas Real Estate Poland experts advised the tenant during the negotiation process with HB Reavis. Panalpina Polska will be moving in the first quarter of 2017 and taking up space on the 12th floor of the building.
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News Promenade Gardens welcomes its anchor tenant
16
Nov
2016

Promenade Gardens welcomes its anchor tenant

by Ákos Budai
Celanese Hungary Ltd. is setting up its new 4,200 sqm headquarters in Promenade Gardens as of April 2018. The decision was made prior to the foundation stone being laid for the new office building on inner Váci út. The regional financial and logistics business service center of the international company found its new home on the 1st and 2nd floors of the modern, 4-tower building (in cores B, C and D).
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Latest news


New leases

  • Piotr Pikiewicz has joined the 7R team. In the role of Head of Project & Corporate Debt, he will lead the team responsible for project and corporate financing at 7R Group.
  • Tiberius Poland, a company that is part of the international Teddy Group, which owns the Terranova, Calliope and Rinascimento brands, has signed a five-year lease agreement with Gemini Park Tarnów (southern Poland). The nearly 500-square-meter space will house a Terranova brand store. It is scheduled to open in early December 2024.
  • RRmoto, a retailer of motorcycle clothing and accessories, has joined the tenants of Morski Park Handlowy in Gdańsk. Its store will occupy 1,140 sqm of space. Cushman & Wakefield brokered the transaction and provided advice during the lease negotiation.

New appointments

  • Wrocław's Quorum complex, owned by the Cavatina group, has gained another tenant from the IT sector. The Hexe Capital Group will move to the Quorum D building, which is part of it, and will occupy about 720 sqm of space on the fourth floor there.
  • Panattoni has announced personnel appointments in its Capital Markets Poland division. Damian Stężycki has been appointed as Managing Director and Joanna Kawrowska together with Michał Stanisławski will take the role of the Co-Heads of the department.
  • Marvipol Development S.A. has announced the appointment of Andrzej Nizio to the company's Management Board. He will serve as vice-president of the board for another two-year term.

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