HB Reavis considering more Warsaw projects

“We are analysing the purchase of land for the possible development of office projects ranging from ​​30,000 sqm to 70,000 sqm,” revealed Peter Pecnik, the CEO of HB Reavis Poland. When asked whether the company is planning more skyscrapers, he stated: “We have experience in building low and high buildings, the plots we are analysing would enable us to develop high-rise buildings.” According to him the construction of such new projects could start in 2022–2023.

Varso almost ready to open its doors
Until then, HB Reavis in Poland will be focusing on completing Varso Place and Forest. More than half of Varso Place is almost ready. The arrangement and installation tests are underway in two of the three buildings, Varso 1 and Varso 2, and improvements to ul. Chmielna is also nearing completion. Varso 1 should be awarded an occupancy permit in February and Varso 2 in May. The two buildings will contain 75,000 sqm, which is almost fully leased.

Varso under construction

Lease contracts for more than 30,000 sqm were secured for HB Reavis’ Warsaw projects in 2019. Mainly for space in Varso Place, where the most important tenants acquired last year were: Bank Gospodarstwa Krajowego, which will occupy around 13,600 sqm (after the tenant recently leased an additional 1,200 sqm), Danish power company Orsted (3,800 sqm), Nvidia, Yves Rocher and Workday Poland – which have together leased offices with a total of more than 4,500 sqm. Along with the first few relocations of companies that have leased space in Varso, some public services are to start operating in the buildings that are ready: a two-level Zdrofit fitness club and a PZU Zdrowie medical clinic will open in February, while the opening of the first four-star NYX hotel in Poland with 330 rooms is scheduled for May. F&B operators (Nutrimind Group, Menya Musashi, Karmello, Salad Story, Vincent, Wrap Me, Stół i Wół and Quattro Formaggi) as well as other services on the ground floor passageway (e.g. Nail Spa, the Sun Way Travel agency and a currency exchange) will gradually open throughout 2020.

The completion of the tallest skyscraper in Poland – Varso Tower (230m in height, 310m including the spires) – is due to take place at the end of 2021. The topping out has been scheduled for the autumn. The construction structure of the tower has now reached 150m in height. The glass façade made out of 7,000 modules, each of 3.9x2.7 sqm, is being assembled in the meantime. Several hundred such modules have already been installed.

A Forest rising from the ground
The Forest office campus (78,000 sqm of leasable space) is under construction at the boundary between the city’s Wola, Śródmieście and Żoliborz districts and includes the construction of a 120m tall skyscraper. The first few buildings (facing onto ul. Burakowska) are approaching the ground level stage and should be completed around the end of 2020. The completion of the tallest building of Forest, which is the closest to the Zgrupowania AK ‘Radosław’ roundabout, is scheduled for the end of 2021.

“We are in negotiations with companies interested in leasing space in Forest,” revealed Karol Wyka, a board member and the leasing director of HB Reavis Poland.


More visualisations of the Forest office campus







Models of Forest