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 regi