Służewiec, a district in Warsaw and one of the largest and most prominent business districts in Poland, currently offers nearly 1.1 million sqm of modern office space. According to recent estimates, there is approx. 87,000 office personnel employed in the area. As the needs of staff and residents of the city change, there is a groundswell of opinion suggesting that this part of Warsaw needs a new strategy and a fresh action plan. What activities would contribute to the improved functioning and more favorable perception of this district as well as maintaining its attractiveness as a key business hub?

From the beginning of January, Knight Frank has been appointed a property manager of the Kliwer office building located in Mokotow in Warsaw. Currently, the property is fully rented.

Golub GetHouse and Mennica Polska S.A. obtained financing for subsequent stages of the construction of Mennica Legacy Tower in Warsaw. More than €130 million of construction credit was granted by a consortium of three banks.

Globalworth Poland has closed the acquisition of two office buildings in Warsaw, Skylight and Lumen, from Unibail-Rodamco-Westfield.

GalCap Europe, an investment and asset manager active in Austria and the CEE region, has entered Poland with the acquisition of two historic boutique office buildings in Warsaw, Wilcza 46 and Mokotowska 33/35.

The City of Warsaw and JLL will implement a pilot program aimed at increasing the attractiveness of the Warsaw City Centre in the eyes of potential tenants and customers. The changes will be introduced starting with Marszałkowska and Aleje Jerozolimskie Streets.

Warsaw is experiencing growing demand for offices, absorption of new space, decreasing vacancy rates, and is expected to see rental growth and strong investment volumes. Next year, the city should further cement its dominant position as a thriving business hub and a regional leader in terms of economic growth and office market maturity. These economic fundamentals show no signs of slowing down, according to a report by JLL.

In its capacity as agent, arranger and sole underwriter, Helaba is financing the centrally located shopping centre “Wars Sawa Junior” for Atrium European Real Estate Limited. The German Landesbank is providing a loan in an amount of €170 million with a term of eight years for the acquisition.

Cushman & Wakefield has been appointed an exclusive agent for leasing office space at Horizon Plaza in the Mokotów district in Warsaw.

The Cedet building, located in central Warsaw, has been sold to a fund managed by GLL Real Estate Partners on behalf of Korean investors for €129.5 million. pbb Deutsche Pfandbriefbank provided a credit facility of €75.4 million to the buyer.