ARTICLES LABELLED WITH TAG Vastint

Vastint has received a permit for the renovation with change of function of the first three historical buildings in the Stara Rzeźnia complex in Poznań in Poland. As part of the work, they will be restored and transformed into office buildings. The plan to revitalize the rest of Stara Rzeźnia is currently the subject of public consultations organized by the City of Poznań authorities as part of the procedure for adopting a local plan.

Vastint has leased nearly 13,400 sqm in three Business Garden complexes in the last months of 2022. The new tenants of Business Garden Wrocław are VSB Energie Odnawialne Polska, Smartbear Software, IDOM, and Jabil Poland, which leased a total of more than 4,200 sqm of office space. In addition, two current tenants of the complex, Gates Business Services Europe and iTechArt, have expanded their existing offices by an additional 2,400 sqm. The Business Garden Poznań tenants were joined by Deloitte and Paypro SA, which leased a total of 2,720 sqm. Business Garden Warsaw also gained new tenants, Astellas Pharma, Stadler Polska, TLScontact and United Imaging Healthcare Poland. Along with the expansion agreements signed with current clients, the Warsaw complex leased 4,074 sqm of office space.

Vastint Poland has received an occupancy permit for the K2 project in Gdynia. The office building, with a leasable area of ​​11,400 sqm, was built on Kielecka Street. It was designed to meet the criteria of the LEED environmental certification. C.Hartwig Gdynia S.A., the leading freight forwarder, will be the first tenant to move into the building in September 2022.

Vastint has expanded its offer with a new business solution Ready Flex — the rental of autonomous, fully furnished office space for small and large companies or their teams in a flexible option of short-term contracts.

Roger Andersson, Managing Director of Vastint Poland talked to Property Forum about the accelerating residential property prices, faith in hotel investments in Poland, and constantly rising construction costs.

Property developer Vastint is looking to secure permits to kick off the construction of the second phase of its mixed-use project Timpuri Noi Square (TNS) located in Bucharest. 

Vastint Poland entrusted Mostostal Warszawa with the construction of the B10 office and hotel complex in Wroclaw. The planned investment will be built on Bolkowska Street, in the vicinity of the Business Garden office complex. The total usable area of ​​the new development will be approximately 20,000 sqm. The general contractor plans to start construction work immediately, which will take 18 months. The investment is scheduled for completion in December 2022.

Vastint Poland has signed a contract with Budimex SA for general contracting services for the initial part of the second phase of the Waterfront complex in Gdynia. The planned investment will be built on Hryniewickiego Street, in the vicinity of Kościuszko Square, and will comprise the construction of four buildings totalling ​​45,000 sqm including underground garages. The general contractor plans to start construction in May of this year, with the investment scheduled for completion in 2023.

Greek developer Reds has authorized its board of directors to take all necessary measures to complete the sale of the 8,000 sqm land to Vastint, at a price of €11,4 million. The land is located on Splaiul Unirii Boulevard, near the Timpuri Noi Square project, developed by Vastint.

Vastint Poland has sold the Brama Portowa office building complex in Szczecin. The new owner is FLE SICAV FIS managed by FLE GmbH from Vienna. The price has not been disclosed. Vastint was supported in the sale process by experts from Knight Frank’s Capital Markets department.