ARTICLES LABELLED WITH TAG office

The Metropolitan Warszawa office building reported that 18,000 sqm of new lease agreements and extensions had been signed. Leases include blue-chip tenants such as HP, LCP Properties, Green Holding Group and others including a leading global consulting firm and a world leader in the energy and chemical sectors.

Romanian industrial developer Global Vision has launched a new technology and innovation division, with a strategic aim of implementing custom AI solutions across its portfolio of real estate and green energy projects. 

The Prague City Council has approved the next step in the investment preparation of the mixed-use project at the corner of Durychova and Libušská Streets in Prague 4. The development managed by Pražská Developerská Společnost (PDS) is in the centre of the new city district Nové Dvory and above the new subway station on line D. 

Santander Bank Polska, one of the largest financial groups and the largest bank with private capital in Poland, has become an anchor tenant of The Bridge, which is being built in the business center of Warsaw. The bank has signed a lease agreement with the developer and investor of the building – Ghelamco – for an area of approximately 24,500 sqm (nearly 21,000 sqm of usable area). This is the largest transaction on the Polish office market since 2022.

Property group NEPI Rockcastle has priced a green €500 million unsecured long 7-year Eurobond maturing in January 2032 through its subsidiary NE Property. 

Companies from PKP Group – PKP S.A. and Xcity Investment – and from Ghelamco Group are resuming cooperation that was interrupted years ago. An annexe to the investment agreement has been signed, which will enable the resumption of preparations for large-scale joint investment. It will include the construction of a new Warszawa Gdańska railway station and a complex of four mixed-use commercial buildings with an estimated total area of about 100,000 sqm.

Karimpol Polska has secured financing of €50 million from Bank Pekao S.A. for the second phase of Skyliner investment at Rondo Daszyńskiego in Warsaw. This marks another collaboration between the investor and the bank, which also financed the construction of the first tower of the complex.

iO Partners, a JLL Preferred Partner, has teamed up with Bright Spaces proptech to provide its clients with a 3D space planning tool. 

Recently, market focus has been on new high-rise office developments which are reshaping Warsaw’s skyline and attracting tenant interest. Analysis of market data reveals, however, that office campuses have enjoyed the strongest occupier demand, says Cushman & Wakefield. Although they make up around 10% of Warsaw’s office stock, they accounted for as much as 16% of total take-up in the city in the first half of 2024. What criteria does an office project have to meet in order to qualify as an office campus and what makes office campuses so popular?

In the first half of 2024, Echo Investment Group successfully implemented its growth strategy, continuing construction projects, selling nearly 900 apartments, and debuting in the private student housing segment. The Group's total assets at the end of June exceeded PLN 6.5 billion (ca. €1.5 billion) with cash reserves surpassing PLN 523 million (ca. €121 million).