Briefs

Liberty Corner opens

The Von der Heyden Group's Class A office development Liberty Corner opened at the end of November. Located where ul. Brackiej and ul Mysiej meet near Pl. Trzech Krzyży in Warsaw, the building consists of 4,765 sqm and its signed up tenants so far include: the Von der Heyden Group themselves, Knight Frank and the Polish Press Agency.

Jones Lang LaSalle report fall in office rents

Office rents across Europe have fallen by a further 2.1 per cent for the third quarter of this year, according to a report by Jones Lang LaSalle, with rents for prime space having declined by 5.7 per cent in 2003: seven per cent lower than 2002. Two of the reasons cited for the fall were that fewer companies are expanding at the moment and costs are increasingly crucial to tenants. For the third quarter of this year, rents in Warsaw declined once again, this time by 3.8 per cent. Take up in the Central and Eastern Europe region was five per cent higher than the same period last year but this was mainly driven by the Moscow market. In Warsaw take up was below that of 2002.

BRE Leasing in Stratos

Over 1,700 sqm at the Stratos office building in Warsaw has been leased to BRE Leasing, a leasing company, who will move in this month. The deal has resulted in Stratos' vacancy rate falling to 18 per cent. Kancelaria Brochocki were involved in negotiations for this transaction. Karimpol is Stratos' developer and its architects are Tadeusz Spychała & Partnerzy.

GTC to develop office building in Kraków

The Polish developer Globe Trade Centre is to develop a EUR 10 mln office building in Kraków and construction is to begin in mid-2004. The building will be constructed adjacent to the eleven-storey, 10,000 sqm Galileo office complex, also developed by GTC.

Quattro Forum launched in Wrocław

A new 6-storey office building, Quattro Forum, located on ul. Legnicka has been launched in Wrocław. The building consists of 10,000 sqm of office space and 3,000 sqm of service units. Tenants such as BERTI supermarket, IMG, Gras Savoye, PolAssistance and Talex, who have together leased 50 per cent of the total space, are to move in this month. The investor of the PLN 40 mln scheme is ACP and the general contractor Budopol Wrocław. The structure was designed by Dorota and Kazimierz Śódek of Archicom.

Two new tenants at Business Centre Bitwy Warszawskiej

Two new tenants: OCÉ Poland Ltd, a partly Dutch-owned supplier of systems and services for digital printing and document management, with 1,452 sqm, and Mazeiku Nafta Trading House, a branch of a Lithuanian oil concern, with 280 sqm, have both leased space at the Ghelamco Group's Business Centre Bitwy Warszawskiej, in Warsaw. DTZ are exclusive agents for all the Belgian developer's projects.

Crown Point in Warsaw tops out

The 10,600 sqm Crown Point office building in Warsaw, developed by the Ghelamco Group, topped out on November 19th. The building is currently seventy per cent leased, after a recent pre-lease deal with Commerical Union Polska for 7,500 sqm. DTZ are the building's leasing agents.