Since the beginning of the year, five companies have decided to lease a total of 10,000 sqm of office space in Warsaw Spire C, which is almost half of the building. The majority of contracts are renewals of existing leases, two contracts were concluded as green leases. The occupancy rate in Warsaw Spire C is currently over 96%.
Japanese clothing chain UNIQLO has opened its store in Domy Towarowe Wars Sawa Junior in Warsaw. The two-storey store has been inaugurated on October 27.
Demolition works are now beginning on the site of the City Point Targówek redevelopment project in Warsaw. The existing buildings will be removed and replaced with a multi-tenant logistics complex. Once completed, the park will offer nearly 100,000 sqm of modern warehousing and office space. The first completed buildings will be delivered to tenants in the third quarter of 2023.
Revetas Capital is converting its office landbank portfolio of approximately 90,000 sqm developable GLA in 3 major cities in Poland into residential, entering the Private Rental Sector. The recapitalization of the portfolio should provide a capacity of up to 2,000 beds. The objective of the conversion is to build an institutional PRS portfolio in major Polish university cities.
Iris office building, located in Warsaw at 9 Cybernetyki Street has been sold by the entity being a part of CPD Group to DL Invest Group. Avison Young brokered the transaction and represented the seller in the disposal process.
PINK has published figures on office market in Warsaw for Q3 2022. The data is sourced from advisory companies from the commercial real estate sector (BNP Paribas Real Estate, CBRE, Colliers, Cushman&Wakefield, JLL, Knight Frank, Newmark, Savills) and includes information on modern office stock, new completions, take-up volumes and vacancy rates.
Ghelamco officially presented its latest project in the business centre of Warsaw. The office complex named VIBE will comprise of two buildings located next to the other project of the Belgian developer, the Warsaw HUB.
Two years after the start of construction, Skanska has completed works on the P180 office building, located at the Wilanowska metro station. The building received an occupancy permit, which means that the Warsaw office market has gained an additional 32,000 sqm of office space. IT specialists from the international Netcompany moved into the newly commissioned office building, which offers the tenant 6,000 sqm of space.
International Industrial Properties (IIProp), an industrial and logistics platform owned by Madison International Realty and Griffin Capital Partners, has launched the development of a 93,500 sqm warehousing park in Nadarzyn, on Warsaw’s southwestern outskirts.
Ekonip Logistics, a company specializing in logistics services for hazardous materials, has decided to lease 9,200 sqm of warehouse and office space at the Logicor logistics park in Mszczonów. AXI IMMO represented the tenant in the transaction.
Salzgitter Mannesmann Acélkereskedelmi Kft. has signed another long-term lease agreement in the ZenGarden office building in Budapest. The redesigned workspace will take up over 500 sqm in the building.
The New Balance brand has expanded the space of its showroom in Galeria Warmińska in Olsztyn, Poland. The American brand's shop currently occupies an area of almost 200 sqm.
New appointments
DLA Piper’s Prague office has appointed a Corporate partner with a focus on technology Tomáš Ščerba, Real Estate partner Michal Hink and Banking, Finance and Restructuring counsel Leo Javorek.
Following Magdalena Sekuła's resignation from the Supervisory Board of LPP, and the reduction of the number of Supervisory Board members below the statutory minimum, the Supervisory Board appointed Jagoda Piechocka as a Supervisory Board member.
Florin Suicescu has been named COO of Forty Management. With over 30 years of management experience, he has held senior positions in real estate and hotel developments.
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