ARTICLES LABELLED WITH TAG Poland

HB Reavis has successfully sold two Warsaw office buildings to Savills Investment Management (Savills IM) who acted on behalf of a global pension fund client. Offering ca. 53,000 sqm, Buildings C and D of Gdanski Business Center are now entirely owned by the global pension fund.

S + B Gruppe AG has acquired the Jabłonowski Palace historic office complex in Central Warsaw from Commerz Real. The property offers 17,000 sqm of leasable space and 170 parking spaces.

Cushman & Wakefield has published a summary of the first half of 2018 on the Warsaw office market in its latest MarketBeat report. Effects of the existing supply gap are likely to carry into 2020 when large-scale office projects providing a cumulative annual supply of 430,000 sqm will be delivered. As a result, tenants are increasingly opting for pre-lets to secure prime office locations.

WeWork, flexible workspace provider, has become the sole tenant of office space in the Western Building of the Mennica Legacy Tower, a modern office complex being built by Golub GetHouse and Mennica Polska S.A. at the junction of Prosta and Żelazna streets in Warsaw.

After almost two decades AEW Europe decided to sell Atrium Tower office building located in Warsaw. The new owner of the property is VIG FUND, the real estate investment vehicle of Vienna Insurance Group (VIG). Real estate advisor Savills represented AEW Europe in the transaction.

Properties worth up to €3.88 billion have switched owners since January in Poland. JLL analysed the investment transactions concluded in the commercial real estate sector in Poland.

Cushman & Wakefield has been appointed on an exclusive basis to sell the Zepter Business Center, an office building at ul. Domaniewskia 37 in Warsaw.

Radisson Hospitality AB announced the signing of the Radisson Hotel & Suites in. In March 2018, the group announced its plan to rollout Radisson, the upscale hotel brand, across EMEA - and this is the first hotel to open in Central & Eastern Europe (CEE). The new Radisson will bring the group's portfolio to 16 hotels (3,500+ rooms) in operation or under development in Poland.

Generali Real Estate acquired Małachowski Square office building from Europa Capital Partners and White Star Real Estate, with Savills acting as the buyer’s commercial advisor.

The boom continues. At the end of H1 2018, supply on Poland’s office markets exceeded 10 million sqm. Furthermore, 1.8 million sqm remains under construction, with 1.1 million sqm being developed outside Warsaw. JLL summarised the situation on the Polish office market in H1 2018.