ARTICLES LABELLED WITH TAG lease

News Microsoft looking for 20,000 sqm for new Bucharest HQ
08
Jan
2018

Microsoft looking for 20,000 sqm for new Bucharest HQ

by Import Sys
Microsoft has launched a tender to consolidate its Bucharest offices in a new location. The company is looking for 20,000 sqm of modern office space and is willing to pay around €3 million a year for rent, zf.ro reports citing market sources.
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News New workspace provider enters Poland
28
Dec
2017

New workspace provider enters Poland

by Import Sys
Spaces, a global concept from the Netherlands and offering solutions from the area of flexible workplaces and co-working, has leased 4,200 sqm of office space in Centrum Marszałkowska. As a consequence, Warsaw will become the brand’s first location in Poland. Experts from JLL advised Spaces on the process of negotiating lease terms. Baker & McKenzie supported the company in all legal aspects. The developer of Centrum Marszałkowska - BBI Development - was represented by CBRE and Markowska - Materla law firm.
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News Alza expands at P3 Prague parks
20
Dec
2017

Alza expands at P3 Prague parks

by Import Sys
Czech online retail giant Alza has leased a 22,000 sqm warehouse at P3 Prague D8 park as increasing sales volumes put pressure on its existing logistics centres around Prague in the Holešovice District and at P3 Prague Horní Počernice park. Alza will move into the specially adapted facility – which will feature a mezzanine storage system that has the capacity to almost quadruple the total floorspace – in January (2018). Both of Alza's existing logistics centres are equipped with technology to ensure that the company can meet its delivery time promises – particularly useful during the hectic pre-Christmas season.
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News GTC secures lease agreements for Belgrade mall
29
Nov
2017

GTC secures lease agreements for Belgrade mall

by Import Sys
GTC Serbia announced that it has managed to secure lease agreements with several new brands for its latest Belgrade development, Ada Mall. The opening of the 34,000 sqm mall is scheduled for autumn 2018.
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News Prologis Park Prague-Uzice fully occupied
29
Nov
2017

Prologis Park Prague-Uzice fully occupied

by Import Sys
Prologis has signed a new lease agreement with ESA Group for 10,740 square metres at Prologis Park Prague-Uzice in the Czech Republic. ESA Group, one of the leading logistics companies in Central Europe, will lease Building 2, making the 97,800-square metre Prologis Park Prague-Uzice fully occupied. The company is an existing customer of Prologis at Prologis Park Prague D1 East, southeast of Prague. Cushman & Wakefield brokered the transaction.
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News JLL to commercialise new Krakow office building
27
Nov
2017

JLL to commercialise new Krakow office building

by Import Sys
JLL has been selected by Portuguese company Porto Office as the exclusive commercialisation agent responsible for leasing space at Porto Office A, the second phase of the office and services investment developed in Kraków.
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News P3 signs first customer for new Czech logistics park
15
Nov
2017

P3 signs first customer for new Czech logistics park

by Import Sys
P3 has signed a deal with FM Logistic to be the first occupier at its new park in Lovosice, close to the borders with Germany and Poland in the north of the Czech Republic. The French logistics company is already a well-established P3 customer, with build-to-suit warehouses at P3 Prague D11 park and on two P3 parks in Poland completed earlier this year. It also occupies space on P3 parks in Romania.
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News Polish office market expands rapidly
03
Nov
2017

Polish office market expands rapidly

by Import Sys
From Q1 to Q3 2017 companies in Poland signed lease agreements for over 1 million sqm of modern office space while nearly 548,000 sqm was delivered to market. Furthermore, 1.8 million sqm of is under construction. JLL summarised the situation on the Polish office market at the end of Q3 2017.
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News What does IFRS 16 mean for tenants on the Polish market?
25
Sep
2017

What does IFRS 16 mean for tenants on the Polish market?

by Import Sys
In line with the current accounting standards, commercial real estate leases and operating leases do not have be treated as long-term liabilities. They are very often held off-balance sheet or only partially disclosed as short-term liabilities. As a result, businesses, including the largest listed companies reporting in accord-ance with the International Financial Reporting Standards (IFRS), are required solely to include upcoming operating lease instalments and rental payments in their balance sheets. This, however, will change as of 1 January 2019. Bolesław Kołodziejczyk, PhD, Head of Research & Advisory at Cresa Poland analysed the impacts of IFRS 16.
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News JLL selected as leasing agent for The Warsaw HUB
29
Aug
2017

JLL selected as leasing agent for The Warsaw HUB

by Ákos Budai
JLL has been selected as the exclusive leasing agent for office and retail space located in Ghelamco's biggest investment in Poland to date, The Warsaw HUB. The complex will consist of three skyscrapers and it will offer approx. 113,000 sqm of multi-functional space.
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Latest news


New leases

  • Cărturești is set to become an anchor brand in the RIVUS project developed by Iulius, in Cluj-Napoca, where it will house the country's largest bookstore. The company will lease 2,500 sqm of space, spread across two levels.
  • M1 Poznań, managed by EPP, one of the largest family shopping centres in Wielkopolska, has just gained a new, unique tenant, CentrumRowerowe.pl, which is making its debut in Wielkopolska. In the summer, HalfPrice will also join the list of tenants of the centre, offering global brands, including fashion, home furnishings and sports goods at attractive prices. Customers can also already use the assortment of the recently opened Reporter clothing store and the Rainbow travel agency. All new contracts cover over 5,000 sqm of retail space.
  • Three companies from the PZU Group, one of the largest financial institutions in Poland and Central & Eastern Europe, have decided to lease space at Konstruktorska Business Center in Warsaw for another 10 years. The companies have renewed their lease for a total of over 6,500 sqm of modern office space in the building owned by Golden Star Group.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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