Briefs

Lockheed Martin lands in Dom Dochodowy

The new generation technology and aircraft company Lockheed Martin, has leased 320 sqm of office space in Dom Dochodowy in PL.Trzech Krzyzy. The deal was negotiated by Jones Lang LaSalle.

Warsaw Towers gets new tenant and property manager

KUKE, (Korporacja Ubezpieczen Kredytów Eksportowych), a Polish agency which insures export loans, has leased 1,751 sqm at the Warsaw Towers building in the capital. The company's investors consist of the State Treasury, the National Bank of Poland, Citibank Bank Handlowy, BRE Bank and smaller banking and insurance-related companies. In negotiations for the transaction, DTZ Zadelhoff Tie Leung represented the building's owner Europolis Invest and Colliers International the tenant. Warsaw Towers has also recruited a new property manager. Cushman & Wakefield Healey & Baker was selected from five candidates.

Wall Street in Wroclaw

The latest office building under development in Wroclaw is called Wall Street, which has five storeys, a two level restaurant and parking for fifty cars. The B+ standard building's architect and developer is ArC2. The structure's title derives from the pre-war name of the street it's on: Wal-Strasse.

Changes at King Sturge

Chris Grzesik, the founder and Managing Director of King Sturge Poland has announced his decision to resign from his post, which he will do in January next year. Rumour has it that Jason Sharman of Jones Lang LaSalle is the most likely successor. A British national, Chris Grzesik came to Poland in 1990 to open the real estate department at PricewaterhouseCoopers. He then joined Healey & Baker (now Cushman & Wakefield Healey & Baker) as partner and towards the end of 1999, established the Polish branch of King Sturge.

AGFA moves in with Microsoft

The manufacturer of photographic film and supplier of high end imaging solutions, AGFA, has signed a deal to move into 908 sqm of space at Microsoft House, on Warsaw's Aleje Jerozolimskie, which will be delivered this month. Colliers International represented the firm in negotiations.

Pre-leases of Crown Point and Crown Tower in Wola

Ghelamco prefers insurance

It doesn't happen every day that an unfinished building finds a tenant to pre-lease 70 per cent of its space, but that's exactly what has occurred at Warsaw's 10,600 sqm office building, Crown Point, whose developer the Ghelamco Group has signed a 7,500 sqm deal with Commercial Union Polska. Crown Point will be a class A structure near Rondo Daszynskiego, close to Warsaw's CBD. Of the eight stories only two now remain unleased, as floors 2 to 7 will be occupied by CU. The plans also provide for an underground car park which will consist of 104 spaces and will be supplemented by another outdoors. The structure was designed by Ludwik Konior of the Brussels-based Montois Partner Architects, DTZ represented the developer and Cushman & Wakefield Healey & Baker Commercial Union, in the negotiations for the deal. "Our move to Crown Point will allow us to gather all our offices under the one roof," says Jaroslaw Myjak, President of Commercial Union Polska. "So far we've worked in three different office buildings. The move will speed up communication and facilitate better property management." Almost simultaneously with the Commercial Union deal, Ghelamco announced they'd found their first tenant for another of their buildings, which is to be constructed right next to Crown Point. Around 3,500 sqm, or half, of Crown Tower which is still at the planning stage, is to be leased by another insurance firm, Gerling, which till now has been leasing offices in Nordic Park in the Powisle district of Warsaw. In the negotiations, the developer was represented by DTZ and the insurance company, Colliers International. The 7,500 sqm Crown Tower will consist of eleven, 850 sqm stories and is to be launched at the end of next year.