SGI SA has sold the Lastadia Office in Szczecin to a company managed by Greenstone Sp. z o.o. Lastadia was delivered to the market in 2013 and offers ca. 12,500 sqm of GLA. It is located at the banks of Oder River along Wały Chrobrego and is fully let to international and Polish tenants.

The BNP Paribas Real Estate Poland team was joined at the beginning of March by Piotr Krawczyński who took up the position of Head of Capital Markets CEE. His responsibilities will include client acquisition and coordination of property purchase/sale transactions across Central and Eastern Europe. Furthermore, his scope of duties will also involve consultancy services in respect of property investment finance.

BNP Paribas Real Estate Romania has signed Property Management and Exclusive Leasing mandates for Hexagon Offices, a Class A office building located in one of the emerging office locations in the city of Cluj Napoca, owned by KÉSZ International Romania. The office building is expected to be completed in June 2019.

BNP Paribas Real Estate has been mandated by Immofinanz to provide property management services as of January 2019 in respect of approximately 160 000 sqm of the Hungarian office portfolio owned by Immofinanz.

Piotr Krawczyński joined the BNP Paribas Real Estate Poland team as Head of Capital Markets CEE. He will be responsible, among others, for acquiring new accounts and coordinating sale/purchase transactions in Central and Eastern Europe. His duties will include advisory in the field of financing real estate investment projects.

According to a recent report by BNP Paribas Real Estate Poland, Kraków and Wrocław are at the lead of cities with the highest volume of new office supply for 2018 in Poland. The two markets hold 59% of the new space completed and delivered in the eight key regional cities and account for more than half of the net take-up generated last year.

The landlord representation team at BNP Paribas Real Estate Poland, acting as an exclusive agent, will be responsible for leasing the vacant space in the Vipol Plaza office complex.

2018 was a record-breaking year for the Polish commercial property investment market. The total volume of transactions completed in the office, retail, warehouse and logistics as well as hotel sectors came to nearly €7.3 billion, which represents a y-o-y growth of approx. 41%. This is a result not previously recorded on the Polish market, according to a report by BNP Paribas Real Estate Poland.

Erik Drukker, who previously served as the Managing Director, Agency & Valuation, Central & Eastern Europe, has become a Member of the Board at the Polish and Czech entities of BNP Paribas Real Estate. He took his new post at the turn of November and December.

After nearly a decade, the Avatar office building will be offering office space for lease again. A total of 2,400 sqm of space spread over two storeys will become available for new tenants in Q2 2020. BNP Paribas Real Estate will represent the building’s owner – the Spanish fund Azora Europa, as the exclusive agent for the leasing process.