ARTICLES LABELLED WITH TAG Warsaw

News Echo Investment sells Warsaw’s Q22
03
Nov
2016

Echo Investment sells Warsaw’s Q22

by Ákos Budai
Echo Investment has signed a preliminary agreement with Invesco Real Estate European Fund (IREEF) to sell its flagship project, the Q22 office building in Warsaw.The value of the transaction will be established in the final agreement and it will be calculated on the basis of a formula which takes into account the actual sales date, a commercialization level and a cap rate of 5.35%. 
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News HB Reavis completes West Station I in Warsaw
03
Nov
2016

HB Reavis completes West Station I in Warsaw

by Ákos Budai
Construction of the first of two West Station office buildings, located in the immediate vicinity of the new Warszawa Zachodnia railway station, has completed. The complex, seen from both Jerozolimskie Ave. and all passing trains, will soon welcome its first occupiers. Its developer, international real estate company HB Reavis, signed a loan contract to refinance the project.
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News JLL to manage HB Reavis’ West Station I building
13
Oct
2016

JLL to manage HB Reavis’ West Station I building

by Ákos Budai
HB Reavis has selected JLL as the property manager of West Station I in Warsaw. JLL will be responsible for maintaining relations with tenants and supervising the technical, operational and administrative aspects of the building.
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News Echo Investment and EPP purchase development land in Warsaw
05
Oct
2016

Echo Investment and EPP purchase development land in Warsaw

by Ákos Budai
Echo Investment – a Polish developer – and Echo Polska Properties – an international fund operating as a REIT - signed agreements to jointly buy and jointly develop a real property at ul. Towarowa 22 in Warsaw from Griffin Real Estate, a Polish private equity fund. The buyers will pay €120 million for the property – €78 million upon signing the agreement, while the remaining amount will be paid after certain planning conditions are met.
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News Warsaw's Q22 secures new tenant
04
Oct
2016

Warsaw's Q22 secures new tenant

by Ákos Budai
Global law firm White & Case has signed a lease agreement for 2,500 sqm of modern space in the Q22 office building. The firm will relocate to its new office by the end of 2017 and will occupy floors 37-38 as well as part of floor 39. JLL represented White & Case during the process of selecting a new office and negotiating the lease terms.
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News New deal in Warsaw distribution centre
29
Sep
2016

New deal in Warsaw distribution centre

by Ákos Budai
KRM Poland, a distribution branch of the shoe retailer Ecco, has significantly expanded its warehousing and operations at Bokserska Distribution Center in Warsaw. The company is introducing its e-commerce platform to the facility and will occupy more than 10,500 sqm. Knight Frank, the manager of the property, advised the owner, UK & European in the transaction.
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News HB Reavis sells two more office buildings in Warsaw
15
Sep
2016

HB Reavis sells two more office buildings in Warsaw

by Ákos Budai
International real estate developer HB Reavis has signed a preliminary sale agreement to sell two of its buildings, situated in Warsaw, to Savills Investment Management on behalf of a Global Pension Fund client. In one of the largest transactions of the year in Poland and also in Central and Eastern Europe amounting to €186 million, Savills Investment Management has acquired buildings A and B of the Gdanski Business Center in Warsaw, totalling 48,000 sqm.
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News HB Reavis signs five leasing deals in Warsaw
15
Sep
2016

HB Reavis signs five leasing deals in Warsaw

by Ákos Budai
HB Reavis has successfully leased 5,000 sqm of office space to five different companies at Gdanski Business Center and Postepu 14 located in the city fringe of Warsaw. Groupe SEB Polska and Joseph’s Bistro & Wine restaurant are new clients, whereas KPMG, WebInterpret and Fab Tax & Accountancy by Bilans SA extended their existing leasing agreements.
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News JLL selected as property manager for Wołoska 24
08
Sep
2016

JLL selected as property manager for Wołoska 24

by Ákos Budai
JLL has been selected as property manager for the Wołoska 24 office building in Warsaw. The firm’s responsibilities include maintaining the best relations with tenants and the complex operational, technical and financial management of the property. Ghelamco is the project’s investor and developer.
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News HB Reavis sells Konstruktorska Business Center in Warsaw
07
Sep
2016

HB Reavis sells Konstruktorska Business Center in Warsaw

by Ákos Budai
International real estate developer HB Reavis has sold its Konstruktorska Business Center to international real estate investment company Golden Star Estate B.V. in the developer’s first divestment in the Polish market.
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Latest news


New leases

  • Cărturești is set to become an anchor brand in the RIVUS project developed by Iulius, in Cluj-Napoca, where it will house the country's largest bookstore. The company will lease 2,500 sqm of space, spread across two levels.
  • M1 Poznań, managed by EPP, one of the largest family shopping centres in Wielkopolska, has just gained a new, unique tenant, CentrumRowerowe.pl, which is making its debut in Wielkopolska. In the summer, HalfPrice will also join the list of tenants of the centre, offering global brands, including fashion, home furnishings and sports goods at attractive prices. Customers can also already use the assortment of the recently opened Reporter clothing store and the Rainbow travel agency. All new contracts cover over 5,000 sqm of retail space.
  • Three companies from the PZU Group, one of the largest financial institutions in Poland and Central & Eastern Europe, have decided to lease space at Konstruktorska Business Center in Warsaw for another 10 years. The companies have renewed their lease for a total of over 6,500 sqm of modern office space in the building owned by Golden Star Group.

New appointments

  • Elżbieta Majdan is joining the Property & Asset Management team at Savills Poland as an Associate Director. Elżbieta brings 15 years of experience in managing and commercialising retail properties, gained while implementing key projects on the Polish market.
  • Savills Czech Republic announces new hires and promotions within its valuation team. Daniel Duchek has joined as a Senior Valuer, Alena Arnoldová has strengthened the team as a Junior Valuer, and Ivana Horáková has been promoted Valuer. Under the leadership of Marek Pohl, the team now consists of seven consultants specialising in the valuation of a wide range of assets – from commercial, residential, and hospitality properties to leisure, healthcare facilities, and land.
  • Ewa Nowak, a commercial property valuer, has joined the Valuation Department of international real estate advisory firm Newmark Polska as Senior Associate.

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