ARTICLES LABELLED WITH TAG Warsaw

EPP has finalised the sale of its 70% stake in the Towarowa 22 mixed-use project in Warsaw to AFI Europe. It is historically one of the largest land transactions in Poland in terms of value, with the total plot value exceeding €180 million.

Chicago, Houston, New York, San Francisco and Warsaw have over 40% of their total office stock certified ‘green’, making their office markets some of the most environmentally sustainable in the world, according to Savills World Research. But in many major cities there is a significant disconnect between city governments’ ambitious net-zero targets and the green credentials of existing stock.

LOCONI Intermodal S.A. has leased almost 2,000 sqm of office and warehouse space and nearly 80,000 sqm of space for transport on the premises of the railway cargo terminal within an OKAM project located at Jagiellońska Street, in the Warsaw district of Żerań. Walter Herz, the leading agent for the commercialisation of the project, represented the owner in the lease process.

pbb Deutsche Pfandbriefbank has provided a €118 million credit facility to REICO ČS NEMOVITOSTNÍ, the biggest open-ended real estate fund on the Czech market, managed by REICO, an investment company of Česká spořitelna. The facility will be used to fund the acquisition of two newly built logistic properties in Upper Silesia as well as for the refinancing of an office building in Warsaw.

LivUp's new investment has reached full occupancy after only one month after launching. Currently tenants of "Puławska 186" are mainly corporate clients, who have settled in high standard apartments. 

The start of 2022 has seen a marked thaw in the capital's office market following the uncertainties surrounding the COVID-19 pandemic seen throughout 2021. Q1 2022 has trends including a gentle decline in vacancy rates, the second-highest volume of office take-up on record, and increased interest in flexible workspace.

Ghelamco launches the construction of photovoltaic farms with a total capacity of 10 MW. By 2024 the company intends to achieve energy neutrality. Warsaw UNIT will be the first skyscraper in Poland powered entirely by clean electricity.

The Warsaw office market is showing signs of a long-awaited recovery, says real estate advisory firm Savills. Office take-up hit 273,200 sqm in the first three months of the year, which were one the best-performing quarters in the history of the capital. Savills forecasts that with office availability continuously shrinking in the city centre, the market is set for further rental growth next year.

Many office developers expect to see a supply gap in Warsaw over the next few years and some are ready to take advantage of this opportunity. Jeroen van der Toolen, Managing Director – CEE at Ghelamco talked to Property Forum about the changes in the Polish office market, the incoming supply gap and the company`s interest in the PRS sector.

In one of the largest transactions on the Warsaw office market in recent months, HB Reavis has leased 18 floors (30,000 sqm) in the Forest skyscraper to Bank Pekao. The second-largest bank in Poland will become the main tenant of the building.