ARTICLES LABELLED WITH TAG Warsaw

Globalworth released its interim report and unaudited consolidated financial results for H1 2018. The company continued to expand heavily in its core markets, Poland and Romania.

Hines, on behalf of the Hines Russia & Poland Fund (HRPF), has today announced the sale of the Proximo II office building for CS nemovitostní fond (CSNF), managed by REICO investment company of Česká spořitelna (REICO IS ČS).

HB Reavis received a building permit for a new office campus in Warsaw. Office buildings with open ground floors, a public square and green areas the size of two football pitches may be built at Burakowska 14, at the intersection of the districts of Wola, Śródmieście and Żoliborz.

Deka Immobilien has instructed real estate advisory firm Savills to lease another seven office buildings: Atrium One, Helion, Luminar, MatchPoint A and B as well as Mokotowska Square in Warsaw, and Andersia Tower in Poznań. Savills will continue to act as an exclusive leasing agent for Grzybowska Park, International Business Center and North Gate.

Atrium European Real Estate Limited has signed an agreement to acquire Wars Sawa Junior, a prime retail asset located in the heart of Warsaw and in its most prominent high street retail area, for a consideration of €301.5 million. Atrium is to acquire Wars Sawa Junior from PFCEE, a fund managed by CBRE Global Investors, using a mixture of existing cash resources and external financing.

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.