ARTICLES LABELLED WITH TAG Warsaw

News Warsaw Spire secures a new tenant
10
Aug
2016

Warsaw Spire secures a new tenant

by Ákos Budai
Norway-based Libertech Group has signed a lease on more than 700 sqm of office space in Warsaw Spire. The company intends to set up its headquarters for the CEE region in Poland. Cushman & Wakefield has advised the tenant in the lease negotiations. It will also coordinate and oversee the office fit-out.
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News Deutsche Hypo finances Prime Corporate Center in Warsaw
03
Aug
2016

Deutsche Hypo finances Prime Corporate Center in Warsaw

by Ákos Budai
Deutsche Hypothekenbank is acting as the sole lender to a real estate company, which is managed on behalf of four independent investors by Warburg-HIH Invest Real Estate GmbH, for the purchase of the Prime Corporate Center office building in Warsaw. The financing volume amounts to € 40.5 million. In addition to this long-term investment financing, Deutsche Hypo is also providing a short-term bridging loan to cover the VAT element in the amount of € 14.2 million.
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News Prologis signs new e-commerce deal in Warsaw
13
Jul
2016

Prologis signs new e-commerce deal in Warsaw

by Ákos Budai
Prologis has signed a lease agreement with Grupa Allegro, the largest e-commerce platform in Poland, for 21,950 square metres at Prologis Park Błonie. The transaction involves 13,100 square metres of space that has been leased now and an additional 8,850 square metres that will be leased in 2017.
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News Warburg-HIH Invest finalises Warsaw investment deal
29
Jun
2016

Warburg-HIH Invest finalises Warsaw investment deal

by Ákos Budai
Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) has finalised the Sales & Purchase Agreement for the office property Prime Corporate Center in the city centre of Warsaw. The transaction, which took the form of an asset deal, was carried out as a club deal for four separate accounts of German institutional investors. The property has been sold by the Warsaw-based developer Golub GetHouse. The buyer was represented in this transaction by Cushman & Wakefield.
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News Invesco Real Estate sells office building in Warsaw
22
Jun
2016

Invesco Real Estate sells office building in Warsaw

by Ákos Budai
Invesco Real Estate (IRE) has announced the sale of Zaulek Piekna office building on behalf of one of its separate account clients in Germany to GLL Real Estate Partners GmbH.
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News Warsaw office development boom continues
10
Jun
2016

Warsaw office development boom continues

by Ákos Budai
The total modern office stock in Warsaw reached 4.75 million sqm at the end of Q1 2016. As much as ca. 75% of this space is located in the central Core and Fringe zones, as well as Upper South and South West. Cushman & Wakefield has published the sixth edition of their Skyline Tracker report, outlining developers’ activity in the Warsaw office market.
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News Former UBS Fund disposes of Warsaw office building
19
May
2016

Former UBS Fund disposes of Warsaw office building

by Ákos Budai
Acting in its capacity as advisor for a German depositary bank, who is currently administrating the German Special-AIF UBS (D) Sector 3 Real Estate Europe, UBS Real Estate GmbH has sold the Nova Praga office building in Warsaw to Mazovia Capital. Cushman & Wakefield and Magnusson Law represented the vendor in the transaction. The building will now be known as Mazovia Plaza.
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News Warsaw office market shows rapid growth
11
May
2016

Warsaw office market shows rapid growth

by Ákos Budai
According to the latest report by Cushman & Wakefield Q1 2016 saw a rapid growth in the supply of office space in Warsaw, which more than doubled the results for the same period in 2015. Due to the record-breaking levels of supply vacancy rates have increased by 1.9 pps to 14.1%. Although statistics show a fall in net absorption, this is probably a temporary decrease in the light of last year’s exceptionally high growth. Cushman & Wakefield expects the office market to continue its growth in the remaining months of 2016, with pipeline supply estimated at 330,000 sq m.
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Latest news


New leases

  • AND2 office building, the tallest building in Poznań (western Poland), is gaining a new tenant. BeIN Offices will offer ca 3,300 sqm of coworking space with a view of the city skyline.
  • Delta Trans Group has decided to expand its leased space at the Hillwood Ruda Śląska complex (southern Poland) by ca. 9,300 sqm. The logistics operator will now use a total of 27,000 sqm.
  • A Douglas perfumery has opened in Galeria Pomorska in Bydgoszcz (western Poland) after modernisation. The new shop occupies an area of approximately 220 sqm.

New appointments

  • CTP has appointed Andrei Marian, who brings nearly nine years of experience in real estate development and consultancy firms, as its new Regional Business Development Director in Romania.
  • Maciej Müldner has been appointed as the new Chief Financial Officer (CFO) of MLP Group. An experienced executive, he has spent nearly 20 years contributing to the development of the Skanska Group in Central Europe.
  • Panattoni Income Fund has appointed Olaf Bruns as Managing Director Business Development DACH. Earlier this year, the fund’s team was also strengthened by Piotr Boruc, who took on the role of Head of Finance and Reporting.

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