Echo to show off Brewery in Q22
Office & mixed-use developmentschedule 23 February 2016
Rafał Ostrowski
journalist
journalist
The Q22 office building is currently 60 pct leased
1 / 1
POLAND Echo Investment, which has recently been focused on the commercialisation of the Q22 skyscraper in Warsaw, is planning to launch the construction of the office section of Browary Warszawskie in the near future.
“We are working on the development of the former area of Browary Warszawskie and are currently preparing the documentation for the first stage of the project, which includes office and residential development. As far as the offices are concerned, it will be a relatively small building with an area of app. 14,000 sqm,” Rafał Mazurczak, the director of Echo Investment’s office and hotel department, told us. “We are in very advanced negotiations concerning three floors in the tower section of Q22. When the contracts are signed, there will only be two more vacant floors. We are planning to occupy one of them,” he told us. The office will be used to showcase the Browary Warszawskie project, among other things. “Coming back to the summary of Q22 commercialisation: in the podium we are also at the final stage of negotiations with future tenants. We are expecting to sign two contracts with companies the names of which I cannot disclose right now – they are tenants who are already headquartered in Warsaw and are moving to Q22 to enlarge their office area and find highly qualified staff,” explained the director of Echo. “The floors in the podium section have an area of around 2,000 sqm and are attracting the interest of TMT, R&D and shared services industries,” he added. After the signing of the contracts that are being negotiated now, there will be a vacant area of around 8,000 sqm in the podium. Apart from office space, Q22 will offer a number of other function. A 500 sqm restaurant is to be located on the first floor, including a self-service area as well as a typical restaurant section, where tenants will be able to have meals with their clients. “We have already chosen the operator and signed the lease,” disclosed Rafał Mazurczak. The building will also include a café located on the corner of ul. Grzybowska and al. Jana Pawła II, as well as a bank. A delicatessen is to be opened on the ground floor. People working in Q22 will also be able to make orders online and collect their shopping in a special area, without entering the shop. A waiting area for guests will be located on the first floor. “On the 14th floor, where all the lifts from the tower and the podium come together, i.e. under a glass ceiling covered with photovoltaic elements, we will be providing a larger conference centre for tenants. There will also be a cardio gym for people working in Q22,” revealed Rafał Mazurczak. The office area in Q22 has been leased to companies such as Deloitte, Allegro, PayU, Linklaters, William Demant and Citi Handlowy. “Everything indicates that the eventual area leased by Deloitte could be even bigger than originally planned,” she added. William Demant has leased 3,500 sqm. “We are also expecting this company to expand further,” added the director of Echo Investment. “Linklaters is to have its main law office in an upper section while its shared services centre will be situated in the podium,” he added. The top floors can be arranged as two-storey offices connected by internal stairs. “The Q22 office building is currently 60 pct leased. We should reach 75–80 pct at the beginning of Q2, i.e. when the construction process is completed, and we would like to have more than 90 pct leased by the end of the year,” said Rafał Mazurczak.
An open door to redefining the commercial real estate market in Poland
An open door to redefining the commercial real estate market in Poland
Walter Herz
The investment slowdown in the commercial real estate sector that we have been observing in Poland for over a year is primarily the result of the tightening of monetary policy arou ...
The retail sector is not slowing down
The retail sector is not slowing down
Walter Herz
The pandemic, conflict in Ukraine as well as inflation and high interest rates that recent years have brought have reshaped the real estate market around the world. The global slow ...
Retail parks – current opportunities
Retail parks – current opportunities
Avison Young
Over the last few years, retail parks in Poland were mostly developed in smaller formats, around 5,000 sqm, either adding to the existing retail landscape or introducing modern ret ...