Topping Out at Metropolitan in Warsaw

The Metropolitan office building on Pl. Pilsudskiego, Warsaw, has been topped-out. Hochtief Polska started the construction exactly one year ago and in another year the office building should be ready. The developer of the 38,000 sqm Metropolitan is Hines and the architect Norman Foster. Bogusław WoĽniak from Hines, said that the company was negotiating with potential tenants at an asking price of USD 31-2 per sqm. plus USD 5.5 per sqm. for services. The leasing agent is Cushman and Wakefield HB.

Eurocentrum signs anchor tenant

Wydawnictwa Szkolne i Pedagogiczne, a leading publisher of school materials in Poland, has signed a contract to become Alpha Tower's anchor tenant. The class A building on Ale Jerozolimskie 124/138, Warsaw, is the first in the Eurocentrum complex, which consists of four office towers and by 2004, the four star Crowne Plaza Hotel.
The contract, signed with developer 8 Star Sp, is for the lease of 5,032 sqm of office and retail space, meaning that 40% is now leased of Alpha's total 12,500 sqm, which consists of twenty-one levels, including three for retail and services and three levels of underground parking for 210 spaces.
Anna Sarnecka of Lambert Smith Hampton, co-agent for the Eurocentrum complex said of the deal, ,as an agency who have only been on the market since January 2002, finalising a transaction for such space is a great success. This is the biggest deal on the Warsaw market this year."