ARTICLES LABELLED WITH TAG Warsaw

Skanska invests €50 million in the second phase of Generation Park, an office project located in Warsaw, Poland. The second building, with a total leasable area of about 18,300 square meters, will comprise 16 stories above ground and two stories of underground parking. The investment will also include four underground parking levels for the planned third building.

In 2017 the large number of office projects delivered across Poland filled up quickly as occupier demand remained robust. Traditional drivers of demand were joined by emerging trends that are shaping the future of the office market and commercial real estate as a whole. Bolesław Kołodziejczyk, Phd, Head of Research & Advisory at Cresa Poland analysed the Polish office market.

Carrefour opened a new hypermarket in Warsaw. Its customers will be able to take advantage of its digital solutions, as well as range of new commercial concepts, including m-commerce type services, a restaurant right in the heart of the store and a line of checkouts that is not quite what they'll be expecting.

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.

Berlin Hyp and Erste Group Bank have jointly provided Immofinanz a five year secured loan in the amount of €205 million. The syndicate is providing Immofinanz a “one stop” portfolio-refinancing for their office portfolio in Warsaw and is thus replacing seven existing, individual real estate loans. Agent for this transaction is Berlin Hyp.

London is currently Europe’s leading financial and banking services hub, but it may lose some of its appeal for businesses targeting the European Union following Brexit. Some financial institutions will move their operations outside the UK. Frankfurt and Paris will definitely benefit, but Warsaw is also one of the contenders. Bolesław Kołodziejczyk, PhD, Head of Research & Advisory, Cresa Poland analysed the potential impact of the UK’s departure from the European Union on the Polish market.

NewWork, a serviced offices operator from Hungary, opened their first location in Poland. 3,200 sqm of flexible office space is now available in Warsaw's Wilanów in Wilanów Office Park. NewWork plans to continue their expansion in the Polish capital city and open another 10,000 sqm of serviced office space by the end of 2018.

GTC’s Polish flagship retail project was officially granted an investment loan facility in the maximum amount of up to €200 million. Under the original agreement, Bank Pekao S.A. granted a construction loan facility of up to €116 million.

Savills will manage two buildings in Poznań and three buildings in Warsaw. The two office buildings in Poznan are RB House and Dwór Hamburski. Tenants include IPF Group and T-Mobile Polska. Two other office buildings are Jasna 24 and Wola Plaza in Warsaw. Tenants include i.a. Hochtief Poland. The third Warsaw building is a modern warehouse Airport House with office and social facilities. The total portfolio under management amounts to 25,000 sqm.

Hansainvest Real Assets GmbH has acquired Generation Park X, the first building of Generation Park, a prime office project located in Warsaw, Poland. It is the investor’s second acquisition in Poland, as well as its second from Skanska. The transaction volume was around €83 million.