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News Office take-up hits record high in Polish regional markets
12
Feb
2024

Office take-up hits record high in Polish regional markets

by Property Forum
According to a recent report published by Newmark Polska, total office take-up in 2023 in the largest Polish regional cities surpassed 741,300 sqm - an increase of almost 19% year-on-year and 7% from the pre-pandemic 2019 peak. Meanwhile, issues related to ESG, functionality improvements, efficient office space management and optimisation of lease costs have filtered through into the vocabulary and strategies of tenants and developers alike.
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News Low supply in Warsaw office market faces heightened occupier activity
09
Feb
2024

Low supply in Warsaw office market faces heightened occupier activity

by Property Forum
The volume of vacant office space in Warsaw is shrinking as the number of office buildings under construction and delivered to the market is low and occupier demand remains stable, reveals BNP Real Estate Poland in its quarterly report. Meanwhile, older office buildings are undergoing refurbishment as approximately 70% of existing stock is energy inefficient.
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News Bucharest office supply to stay under 50,000 sqm until 2025
09
Feb
2024

Bucharest office supply to stay under 50,000 sqm until 2025

by Property Forum
Bucharest’s office stock edged close to 3.4 million sqm at the end of 2023, following the completion of projects with a combined area of 110,000 sqm last year. However, the market will see fewer deliveries by the end of 2025 as developers have put projects on hold due to uncertainties around demand caused by the adoption of hybrid work.
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News Office lease extensions to drive Bucharest market in 2024
08
Feb
2024

Office lease extensions to drive Bucharest market in 2024

by Property Forum
Existing office buildings will be increasingly sought after by companies due to a lacklustre development pipeline in Bucharest, which will continue to drive contract extension deals in Bucharest.
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News Office take-up in Bucharest hits record in 2023
08
Feb
2024

Office take-up in Bucharest hits record in 2023

by Property Forum
While 116,000 sqm of office spaces were leased in Bucharest during Q4 2023, the overall transactional volume climbed to 463,000 sqm during the whole year, marking an all time take-up record, according to a Cushman & Wakefield Echinox report.
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News Immofinanz explores partial sale of Bucharest office complex
05
Feb
2024

Immofinanz explores partial sale of Bucharest office complex

by Property Forum
Immofinanz Romania, part of CPI Property Group (CPIPG), is reportedly negotiating a partial sale of its Iride Business Park office complex located in northern Bucharest.
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News Genpact renews 29,000 sqm office lease in Bucharest project
02
Feb
2024

Genpact renews 29,000 sqm office lease in Bucharest project

by Property Forum
Genpact Romania, a provider of professional services firm, has extended its lease in Bucharest-based Hermes Business Campus, owned by Adventum Group, until 2032.
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News Nearly 75% of new offices in Warsaw are built in Wola distrcit
31
Jan
2024

Nearly 75% of new offices in Warsaw are built in Wola distrcit

by Property Forum
As of the end of 2023, Warsaw remains the leader in Poland’s office market, but the 61,000 sqm (-74% y/y) completed in the last 12 months was one of the lowest results in its history, says Axi Immo. The developer’s lower activity period seems to be over, as by 2026, some 150,000 sqm of new supply should be delivered each year. After a very good 2022, 2023 was not much worse. Between January and December 2023, tenants signed contracts for about 750,000 sqm, meaning the total volume of transactions was slightly 13% lower than the year before. Continued low supply in 2023 and stabilizing demand reduced the vacancy to 647,000 sqm (-11% y/y).
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News LIXA E office building in Warsaw gets use permit
31
Jan
2024

LIXA E office building in Warsaw gets use permit

by Property Forum
The LIXA E office building, built as part of the office complex near Warsaw’s Daszyński Roundabout, has been granted a use permit. The building developed by Yareal Polska has provided the Warsaw market with almost 18,000 sqm of office space.
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News Warta Tower in Warsaw to change name to V Tower
30
Jan
2024

Warta Tower in Warsaw to change name to V Tower

by Property Forum
V Tower is the new name for Warsaw's well-known office building, formerly known as Warta Tower. The renaming of this complex at 85/87 Chmielna Street is just one stage of the revitalization project led by Cornerstone Investment Management. As part of the modernization process, the property is to be equipped with modern systems and solutions, meeting the standards of ecological and technological certifications, 
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Latest news


New leases

  • The Mobile Vet and Mobile Pet chain has leased space in Bucharest-based One Cotroceni Park for the opening of a new veterinary clinic and pharmacy in which it has invested around €500,000. The transaction was brokered by Cushman & Wakefield Echinox.
  • The Skechers chain has opened a new store in Manufaktura in Łódź. It has the size of 150 sqm.
  • IT company Tata Consultancy Services, has moved into the Wola Center building in Warsaw. The company occupies 3,600 sqm there. At the same time, the owner of the complex, Hines European Value Fund, extended its contract with FaktorOne (470 sqm).

New appointments

  • Carrefour has announced changes to the management of its branch in Poland. As of 1st of June, the position of Commercial and Supply Chain Director of Carrefour Poland was taken over by Eric Yung. Tomasz Waligórski was appointed Chief Operating Officer.
  • At Nhood Services Poland, Agnieszka Gutowska was appointed Head of Brand Marketing & Communication. She will responsible for shaping the brand image in Poland, taking into account the competences of the three business lines Property & Asset Services (PAS), Development (DEV) and Resources, Fund & Investment (RFI).
  • Robert Rogowski, former Vice President of the Management Board of Invest TDJ Estate, has been dismissed from his position. Magdalena Sierankiewicz has been appointed in his place.

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