PL

Promised land for service centres

Events
POLAND Łódź has one of the lowest office vacancy rates in Poland, according to ABSL’s latest data.

The research shows that around 60 pct of the demand on the market is being generated by corporations opening service centres, with more than 20,000 people now employed in the BPO/SSC sector in the city.

“There is already more than 450,000 sqm of office space in the city and over 75 shared service centres. Łódź has been growing dynamically and has the potential for further growth,” said Łukasz Czajkowski, the head of membership and community at ABSL and the moderator of the ‘Office Dizziness in Services’ panel at the 9th Hotel and Office Investment Conference, in the Rediscover Łódź session.

The event is organised by Eurobuild Conferences and the city of Łódź. The companies who have decided to open such branches in the city are aware of this.

“We decided to locate in Łódź for two main reasons: the city is developing and growing in terms of the shared services sector and it also has a pool of talented employees. The main challenge now is to effectively manage the development and maintenance of the standard that has been achieved and to encourage more companies to invest in here,” explained Andrea Marciandi, the EMEA shared services director at Whirlpool, at the conference.

“Łódź has changed significantly over the last ten years. We are currently on an upward trend and the challenge is to maintain it for as long as possible. The development trend is manifesting itself in both public and private projects that are unique in scale in terms of the rest of the country, such as revitalisation schemes,” argued Anna Celichowska, a board member and the director of leasing at Virako.

“Łódź is unique. It is the most dynamic market in terms of office development and investment outside this field. If we look more closely at what’s happening in Łódź, there is no other city in Poland that could boast such a speed of change in so many fields,” believes Krzysztof Misiak, the head of regional cities in the office agency at Cushman & Wakefield.

However, expenditure in the multibillions would be of no use to the city if it did not have adequate human capital.

“From our perspective, the people we employ are the greatest asset of Łódź. They create the value for our company. If Łódź is a city where it is possible to live, develop and plan the future, then we can talk about success,” commented Mikołaj Ługowski, the managing director of the Polish branch of Nordea Bank AB.

The potential of the city has been noted by a succession of real estate players, for whom it has become somewhere that you have to be present.

“We had been monitoring this city for a long time and so we decided to enter in it. This is the first market outside Warsaw we have invested in. And for a good reason. We believe in the huge potential and continuing dynamic growth of this city. We also like the fact that Łódź cares about its heritage. This is something extraordinary and unique,” said Agnieszka Ciupak, a senior leasing manager at HB Reavis.

“The pace of the development of Łódź makes it an attractive place to invest, buy land and build. Furthermore, the market is not as saturated with office space as Kraków or Wroclaw, for instance” added Marta Wybrańska, the leasing director of Avestus Real Estate.

Latest news

Hotels

Hungary Skybar opens in Budapest

schedule 22 May 2024
Opr./edited by ANZ

Cloud IX, Budapest’s latest panoramic skybar, has been opened in the ibis & Tribe Budapest Stadium Hotel in the WING Liberty building. Opened last December in Budapest’s District IX, the hotel complex boasts a total of 332 rooms and a wide range of services.

Material partner

Poland Excellent Fern at Off Piotrkowska

schedule 04 April 2024
Eurobuild CEE

Intensive commercialization of the multifunctional Fern building under construction at Off Piotrkowska Center has begun. A modern building, the construction of which will start at the turn of 2024/2025, offers 4,700 sqm of service space and 2,700 sqm of office space.

Investment & finance

Poland Green financing for three CPIPG office assets

schedule 22 May 2024
Opr./edited by ANZ

CPI Property Group Poland has concluded a green refinancing transaction with Aareal Bank amounting to more than EUR 277 mln. The funds received will be used for the refinancing of three Warsaw office properties: Warsaw Financial Center, Equator IV and Eurocentrum.

Office & mixed-use development

Poland Mercer isn't moving out

schedule 22 May 2024
Opr./edited by JC

Global firm Mercer, part of the Marsh McLennan Group, has renegotiated its lease at the myhive Nimbus building and remains at 7,300 sqm.

Residential

Poland First residential units in Towarowa 22 project

schedule 22 May 2024
Opr./edited by ANZ

The residential part of the Towarowa 22 project in Warsaw is taking off. Archicom is starting to sell flats in the first building under the Archicom Collection brand, which will stand in the immediate vicinity of the planned park.

Residential

Romania Phase III of The Level Apartments takes off

schedule 22 May 2024
Opr./edited by ANZ

Romanian residential developer Redport Capital has announced the start of construction of Phase III of The Level Apartments. The project has received a building permit for 105 apartments to be developed with an investment of EUR 13 mln.

Warehouse & industrial

Poland CTP will build for dogs

schedule 22 May 2024
Opr./edited by JC

CTP has been appointed by dog food manufacturers PsiBufet and Butternut Box to build a specialist facility to produce fresh dog food for distribution across continental Europe. The new facility is being developed in a build-to-suit model at CTPark Zabrze.

Warehouse & industrial

Panattoni Park Kraków East IV is ready

schedule 22 May 2024
Opr./edited by ANZ

Panattoni has completed the construction of Panattoni Park Kraków East IV. The completion will be financed with a EUR 10.5 mln loan from Bank Gospodarstwa Krajowego. The facility has been fully leased by Omega Pilzno.

Office & mixed-use development

Poland Batory I is fully let

schedule 21 May 2024
Opr./edited by JC

ZST (Zintegrowane Systemy Techniczne) has increased the size of its head office in the Batory I office building. As a result of the expansion, the Warsaw office building owned and managed by Globalworth Poland is now fully leased. 

Office & mixed-use development

Poland Some Oxygen for IT company

schedule 21 May 2024
Opr./edited by JC

LSI Software, a provider of IT systems that enhance operations and business management, has become a new tenant of the Oxygen Park office complex in Warsaw.

Warehouse & industrial

Poland New park from Panattoni

schedule 20 May 2024
Opr./edited by JC

Panattoni is launching the construction of a new speculative centre in the Łódź region. The project is to have an eventual size of close to 30,000 sqm

Office & mixed-use development

Poland Baskerville gets independent

schedule 20 May 2024
Opr./edited by JC

Baskervill, an international architectural, engineering, and design firm, opened up its office in Gdańsk. A 200-sqm space is located in Officyna building.

Office & mixed-use development

Poland House of Skills is staying at Bolero

schedule 20 May 2024
Opr./edited by JC

Consulting and Training Consortium, owner of House of Skills and e-learning.pl brands, has extended its lease at Bolero Office Point 1 in Warsaw. The new lease agreement provides the entire organization with 900 sqm of office space that has been signed through 2030.

Warehouse & industrial

Romania Cargus opens its new hub in Sibiu

schedule 17 May 2024
Opr./edited by ANZ

CTP expands its partnership with Cargus, a courier company in Romania, with the inauguration of a new location in Sibiu.

Office & mixed-use development

Poland UBC II will be modern again

schedule 17 May 2024
Opr./edited by ANZ

Atenor, the Belgian developer responsible for the Lakeside development in Warsaw's Mokotów district, intends to renovate the neighbouring UBC II building. The project received planning permission in March this year.

Office & mixed-use development

Poland Axi Immo stays in the tower

schedule 16 May 2024
Opr./edited by ANZ

Axi Immo has decided to extend its existing lease and add new space for its growing business lines in Warsaw's Spektrum Tower office building.

Warehouse & industrial

Romania VGP Park Bucharest North will grow

schedule 16 May 2024
Opr./edited by ANZ

VGP, a European provider of logistics spaces and semi-industrial real estate, has initiated the construction of the third building in VGP Park Bucharest North (A3). Building A covers an area of almost 26,000 sqm and has already two tenants, who have signed lease contracts for a total of more than 8,000 sqm.

Investment & finance

Poland Cromwell sells Polish retail portfolio

schedule 16 May 2024
Opr./edited by ANZ

Real estate investor and fund manager Cromwell Property Group has announced the sale of six retail centres across Poland, held by the Cromwell Polish Retail Fund to Star Capital Finance for EUR 285 mln.

Investment & finance

Poland Studio B with a new owner

schedule 16 May 2024
Opr./edited by JC

Skanska has sold the Studio B office building in Warsaw to Stena Real Estate for EUR 86 mln. This is already third transaction between the two parties in Central and Eastern Europe.

Investment & finance

Slovenia Hotel Austria Trend is sold

schedule 15 May 2024
Opr./edited by ANZ

Peakside Capital and Generali Investments Slovenia have sold, on behalf of Generali Adriatic Value Fund, the Austria Trend hotel located in the Slovenian capital.

Latest in Events

schedule 09 May 2024

Run with us!

On 24 May 2024, we will inaugurate a new event in the real estate community - Eurobuild's Annual Running Tournament! Participants will run through the green surroundings of the First Warsaw Golf & Country Club in Rajszew. Run along with us!

schedule 15 April 2024

Piotr Kroenke (1950-2024)

We regret to inform you that Piotr Kroenke, long-time general director of GTC and co-creator of many of the company's successes, has passed away.

schedule 02 April 2024

ULI Poland's Game Changers conference in two weeks!

The "Game Changers in the Real Estate World" annual conference organised by the Urban Land Institute Poland is to take place at the Raffles Europejski Hotel in Warsaw on April 17th and 18th 2024. Eurobuild is proud to be a media patron of the event.

schedule 29 March 2024

Savills opens up a new division

Savills expanded its Operational Capital Markets division in Poland to provide advisory services for property investors, developers and operators across all operational real estate sectors. 

schedule 10 February 2021

Media without Choice

The Polish government has just announced the introduction of an additional levy on the media, which it calls an advertising tax, cynically justifying the move as necessary for fighting the pandemic. This new burden will particularly hurt small, private, independent media companies that have already been badly affected by the Covid-19 outbreak.

schedule 22 December 2023

Merry Christmas!

schedule 18 December 2023

Rondo 1 Run Up for the 12th time!

Runner registration has just opened for the next year’s Rondo 1 Run Up.  The event will take place on 16 March 2024.

schedule 21 November 2023

The Eurobuild Awards 2023 – meet the winners!

And now we now all the winners! The jurors, tenants and guests of the Gala have made some difficult but well-considered choices. So, let’s meet this year’s Eurobuild Awards winners!

schedule 04 October 2023

Warsaw bigs it up in Bavaria

Warsaw's stand will be present as usual at the Expo Real investment fair in Munich, which has just got underway. today. This year's theme for the capital is: 'Warsaw - Smart People. Smart Technology. Smart City'. Representatives of the city will be promoting New Warsaw Centre projects and the development of sustainable transport.

schedule 03 October 2023

Let's get started at Expo Real 2023!

One of the most important real estate events in Europe, Expo Real 2023 in Munich, is just about to begin. This year the focus will be on decarbonisation, ESG issues and digitalisation, as well as demographic changes and directions of urban development. Asusual, 'Eurobuild CEE' magazine will be distributed to the fair's visitors.

schedule 04 August 2023

Beach battles and big hearts

The 12th JLL Charity Beach Volleyball Tournament took place on August 3rd, and this year a record number of people attended the event. The winning team in the competition was Muniak, with D&D Devco and Skanska taking second and third place.

schedule 01 August 2023

Registration begins!

Registration for the 13th Eurobuild Awards has now started. All companies operating in the real estate sector are invited to send in their nominations, with there being 20 categories to choose from. 

schedule 30 June 2023

Suits are back on bikes!

This Thursday, July 6, the seventh edition of the "Suits on Bikes" event will take place. Two groups of cyclists will set off at 4:30 pm from under the Arcadis headquarters and Panattoni Cafe, with the finish line at Koneser!

schedule 06 June 2023

Save the date!

It's that time of year when it is once again our great pleasure to invite you to the longest-running and most prestigious conference on the Polish office real estate market.

schedule 19 May 2023

On your bike... to the office

May 19th in the United States is National Bike to Work Day. According to JLL, our part of the world is no exception to the trend for office employees, as well as their employers, to increasing expect amenities for cyclists in the buildings they work in.  

schedule 14 April 2023

Jarek steps into Jeroen’s shoes

As of April 14th, Paul Gheysens, the owner and founder of Belgian development group Ghelamco, has taken over as president of the management board of the group's companies in Poland, while Jarosław Zagórski has become the new managing director, replacing Jeroen van der Toolen in this position.

schedule 17 March 2023

Best projects honoured in Cannes

MIPIM, the world’s largest international real estate event, has revealed 12 winners of the MIPIM Awards, a globally renowned real estate competition for completed or yet to be built projects around the world.

schedule 16 March 2023

Ready to run!

This Saturday, 18 March, the eleventh edition of the Rondo 1 Run Up will take place in Warsaw. The event has been supporting the pupils of the SOS Children's Village in Kraśnik for years. The list of participants is already closed!

schedule 07 March 2023

23,000 under one roof

More than 23,000 people are expected to attend Cannes for MIPIM 2023, with delegates from more than 90 nations and 2,400 exhibiting businesses. 76 of the world's top 100 investment management companies have confirmed their attendance. 'Eurobuild CEE' has been an official media patron of this event for several years.

schedule 17 February 2023

Into battle with racquets and clubs once again!

Thinking about the summer already? Well, we are too! In just four months' time, the biggest sports event for the real estate sector in Poland will take place – Eurobuild's annual golf and tennis tournaments! Make a note of the date today – Friday, June 2nd!

Edition 5 (288) May 2024

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