Record-breaking deal on Warsaw office property market

17
Apr
2015
News - Record-breaking deal on Warsaw office property market

by Ákos Budai | Office

Ghelamco Poland has signed a record-breaking agreement for the lease of office space at Warsaw Spire. The new tenant will take nearly 22,000 square metres in the A-class building whose occupancy rate has now soared to over 50%.


Ghelamco Poland has signed a record-breaking agreement for the lease of office space at Warsaw Spire. The new tenant will take nearly 22,000 square metres in the A-class building whose occupancy rate has now soared to over 50%.

The new tenant will occupy 22 000 square metres, a fifth of the total office area at Warsaw Spire, becoming the building’s biggest tenant. This is the largest office lease transaction ever concluded in Warsaw City Center, as well as one of the country’s biggest ones.

“Warsaw Spire and plac Europejski make up an investment that is unique in terms of scale and quality alike. It is bound to change the public space at Rondo Daszyñskiego considerably," commented Jeroen van der Toolen, Managing Director at Ghelamco CEE.

“We are conducting the project holistically, in line with sustainable development principles. The crucial objective is to ensure unparalleled spatial order and a well-balanced combination of commercial and public functions. We believe that Warsaw Spire will become a new symbol of modern and economically powerful Warsaw," he added.

 


“Warsaw Spire is the capital’s new business center created by us close to Rondo Daszyñskiego. There are a lot of companies willing to have their headquarters here. Negotiations with further tenants interested in both office space and the retail units at plac Europejski are in progress," noted Jaroslaw Zagórski, Commercial and Business Development Director, and Board Member at Ghelamco Poland.

The tenant was advised by JLL.

“The agreement is the biggest lease transaction on the office market in downtown Warsaw," added Karol Patynowski, Associate Director, Tenant Representation at JLL.

He also noted that the deal also involved consolidating the company’s R&D functions from three different locations around the city.

 



New leases

  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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