PL

Poland Varso Tower completed

Office & mixed-use development
HB Reavis has completed the construction of the tallest skyscraper in the EU – Varso Tower. The building, which has been designed by the Foster + Partners studio, comprises 70,000 sqm of leasable space. The first tenants are to move in this month.

Construction work on the project, at the junction of ul. Chmielna and al. Jana Pawła II, near the city's Central Railway Station, got off the ground at the beginning of 2019. Less than two years later, the building reached its target roof height of 230m. With the installation of the spire in February 2021, Varso Tower had grown to 310m, higher than the neighbouring Palace of Culture and Science and also becoming the tallest building in the European Union. A year ago, on one of the terraces, 206m above-ground, 16 trees were planted, creating the highest garden in Warsaw. The tower has also been awarded BREEAM and Well certificates.

Tenants are currently putting the finishing touches on their offices and the first employees will be moving into the building in September. IT service provider The Box, as well as international law firms CMS and Greenberg Traurig, will be opening their new headquarters in the tower.

Varso Tower is part of the three-building Varso Place complex, which comprises office, hotel and residential space, as well as an innovation centre, a shopping gallery, restaurants, a fitness club and a medical clinic. HB Reavis is the owner and the manager of the complex.

Latest news

Warehouse & industrial

Romania Alaska Energies in VGP Park Bucharest North

schedule 21 March 2023
Opr./edited by ANZ

VGP, a European owner, manager and developer of logistics and semi-industrial real estate, has leased over 8,000 sqm of space in VGP Park Bucharest North to Alaska Energies.

Warehouse & industrial

Poland City Point Targówek is filling up

schedule 21 March 2023
Opr./edited by ANZ

Peakside Capital has signed a lease agreement with courier company DPD Polska for 7,000 sqm of cross-dock space at the City Point Targówek park in Warsaw. The complex is currently being completely redeveloped. It will ultimately provide nearly 100,000 sqm of commercial space. DPD Polska will move into the completed facility later this year.

Office & mixed-use development

Poland From printing plant to park

schedule 21 March 2023
Opr./edited by ANZ

Echo Investment and AFI Europe have unveiled their latest concept for the Towarowa 22 city-forming development in Warsaw. Offices, residential units for sale and rent, commercial premises and an extensive park are to be built on the 6.5 ha plot.

Office & mixed-use development

Hungary Hungarian startup moves to Krausz Palota

schedule 21 March 2023
Opr./edited by JC

In the third quarter of 2023, Craft Docs will occupy its brand-new office on the third floor of Krausz Palota for over 1,000 sqm. Online documentation and efficiency solutions company will be the building's first tenant following its comprehensive 2-year renovation.

Eurobuild FM

Warsaw - Cannes Big business under the palm trees (ep. 5)

schedule 21 March 2023
Eurobuild CEE

We invite you to the next, penultimate episode of a special series of podcasts from Cannes! Today, Polish experts will answer e.g. to a seemingly simple question: is it worth investing in Poland and why is it the best destination.

Warehouse & industrial

POLAND Mainfreight moves to Panattoni Sosnowiec III

schedule 21 March 2023
Opr./edited by NN

New Zealand-based logistics provider Mainfreight has leased 2,540 sqm of warehouse and office space in Panattoni Park Sosnowiec III.

Warehouse & industrial

ROMANIA Dutch cheese from Transylvania

schedule 21 March 2023
Opr./edited by NN

Dutch multinational dairy cooperative FrieslandCampina is consolidating its Romanian operations in Mureș City Logistics in Transylvania, which is being developed by Global Vision in partnership with Globalworth.

Office & mixed-use development

POLAND SAP fills gap in Varso Tower

schedule 21 March 2023
Nathan North
deputy editor

The Polish branch of German software developer SAP is to move into the 11th floor of the Varso Tower building in central Warsaw, where it will occupy almost 1,400 sqm.

Warehouse & industrial

POLAND Logstor logs into DBP Gliwice

schedule 21 March 2023
Opr./edited by NN

Danish pre-insulated pipe manufacturer Logstor has leased an additional 2,000 sqm of warehouse space at Diamond Business Park Gliwice, which is owned by White Star Real Estate.

ESG

Poland GTC barrier-free with green objectives

schedule 20 March 2023
Opr./edited by ANZ

At the turn of 2022 and 2023, GTC received further Barrier-Free Facility certificates for its office buildings, reflecting the implementation of new amenities and solutions for people with disabilities. The company is also consistently working to provide green solutions for its facilities.

Warehouse & industrial

Poland Poznań Airport Logistics Centre completed

schedule 20 March 2023
Opr./edited by ANZ

GLP has completed the third building at Poznań Airport Logistics Centre. This is the final stage of the project, which offers a total of more than 81,000 sqm of warehouse and production space.

Eurobuild FM

Warsaw - Cannes Big business under the palm trees (ep. 4)

schedule 20 March 2023
Eurobuild CEE

MIPIM is over, but our special podcast series is still broadcasted! The warehouse and investment market is the topic of the next episode, we asked the best experts in the industry for a comment.

Investment & finance

Poland MLP has plans and has outcome

schedule 20 March 2023
Opr./edited by ANZ

The value of MLP group’s investment properties rose 31 pct, to more than PLN 4.4 bln (EUR 945 mln). Consolidated revenue improved 39 pct y-o-y, to PLN 279.1 mln (EUR 59.5 mln), driven by an increase in leased area combined with higher rental rates. Last year, MLP group earned PLN 422.4 mln (EUR 90.1 mln) in net profit.

Office & mixed-use development

Poland Smile in Łódź

schedule 20 March 2023
Opr./edited by ANZ

Lux Med Group has become a new tenant in the Brama Miasta office complex in Łódź, with plans to open a dental centre here. The opening of the centre is scheduled for the end of May this year. Brama Miasta, a project by Skanska, offers a total of 40,800 sqm of office and service space.

Events

France Best projects honoured in Cannes

schedule 17 March 2023
Opr./edited by ANZ

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.

Events

Poland Ready to run!

schedule 16 March 2023
Opr./edited by ANZ

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!

Eurobuild FM

Warsaw - Cannes Big business under the palm trees (ep. 3)

schedule 15 March 2023
Eurobuild CEE

Echo Investment has presented the Towarowa 22 multifunctional project designed in a new concept at MIPIM 2023! Nicklas Lindberg, CEO of the company, talks about the details of changes and plans related to the investment, especially for "Eurobuild". Every day you can listen to hot news from Cannes only on www.eurobuildcee.com!

Residential

Poland New PRS project in Mokotów district

schedule 15 March 2023
Opr./edited by ANZ

Apricot Capital Group (ACG) has announced the signing of a general contractor agreement with Budimex for the construction of a new PRS development at ul. Taśmowa 5, in the Warsaw’s Mokotów district. The total investment exceeds PLN 270 mln and ACG’s investor has provided the full sum in equity.

Residential

Poland PRS is the safest

schedule 15 March 2023
Opr./edited by JC

Institutional rental comes from Western Europe and is firmly established, among others, in Germany, Switzerland and the Netherlands. For several years, interest in the PRS market from both investors and tenants, has been steadily growing in Poland.

Property and Facility Management

Germany Tattersall Lorenz to manage the Sony Center

schedule 15 March 2023
Opr./edited by ANZ

Tattersall Lorenz has been chosen by Oxford Properties and Norges Bank Investment Management (NBIM) to undertake the technical and commercial property management as well as accounting of the Sony Center at Potsdamer Platz in Berlin.

Latest in Office & mixed-use development

schedule 21 March 2023

From printing plant to park

Echo Investment and AFI Europe have unveiled their latest concept for the Towarowa 22 city-forming development in Warsaw. Offices, residential units for sale and rent, commercial premises and an extensive park are to be built on the 6.5 ha plot.

schedule 21 March 2023

Hungarian startup moves to Krausz Palota

In the third quarter of 2023, Craft Docs will occupy its brand-new office on the third floor of Krausz Palota for over 1,000 sqm. Online documentation and efficiency solutions company will be the building's first tenant following its comprehensive 2-year renovation.

schedule 21 March 2023

SAP fills gap in Varso Tower

The Polish branch of German software developer SAP is to move into the 11th floor of the Varso Tower building in central Warsaw, where it will occupy almost 1,400 sqm.

schedule 20 March 2023

Smile in Łódź

Lux Med Group has become a new tenant in the Brama Miasta office complex in Łódź, with plans to open a dental centre here. The opening of the centre is scheduled for the end of May this year. Brama Miasta, a project by Skanska, offers a total of 40,800 sqm of office and service space.

schedule 15 March 2023

Wspólna 47/49 fully leased

Yareal Polska has completed the commercialisation of the boutique office building Wspólna 47/49, located at the junction of ul. Wspólna and Marszałkowska in Warsaw.

schedule 13 March 2023

BNI takes another floor in WTT

North Carolina-based business networking corporation BNI has renewed its lease in the Warsaw Trade Tower and taken up another floor of the building, bringing its occupancy up to 3300 sqm on the entire 38th and 29th floors of the office tower.

schedule 09 March 2023

Ocean Office Park B completed

Cavatina Holding has obtained an occupancy permit for Ocean Office Park B - the largest building within the multifunctional complex under construction in Kraków's Zabłocie district. The project, located on ul. Klimeckiego, offers over 26,500 sqm of space. The first tenants are already moving into the building.

schedule 08 March 2023

Cemex cemented into The Park

Cemex Polska, the Polish subsidiary of Mexican cement and concrete aggregate producer Cemex, has renewed its lease in The Park, Warsaw, where it now occupies 2,000 sqm of office space.

schedule 07 March 2023

Platinum for Bucharest UCenter

The first phase of the UCenter project has achieved a WELL Core certification at Platinum level with a score of 91, the highest in Romania for this type of rating. The extensive certification process was carried out over a period of four years and was coordinated by the ESG Strategic Advisory department of Colliers Romania.

schedule 06 March 2023

New Budapest headquarters for Hays

Hays Hungary, the recruitment company which is part of the Hays Plc group has chosen Academia office building developed in the centre of Budapest by ConvergenCE. The company will move to the new office in the fall of 2023.

schedule 03 March 2023

Olivia adds PRS and more offices

Building permits have been issued for an office and a PRS building that will be added to the Olivia Centre mixed-use complex in Gdańsk. This will be the first time a building with a residential function has been developed within the complex.

schedule 01 March 2023

Konstruktorska Business Center fully leased

Another international company has joined the group of tenants in the building owned by the Golden Star Estate Group. A provider of translation, global digital marketing, and content management has leased the last 14,000 sqm of high-quality office space at Konstruktorska Business Center.

schedule 01 March 2023

Rödl & Partner opts for Gara Herăstrău

Rödl & Partner Romania has signed a seven-year lease for more than 1,000 sqm in Globalworth’s Gara Herăstrău office building in Bucharest.

schedule 24 February 2023

One United to begin EUR 400 mln project

One United Properties has acquired almost 5 ha in Bucharest’s Cotroceni district for EUR 35 mln, on which it is planning a mixed-use development.

schedule 23 February 2023

B4B is off to good start for the year

New leases, prolongations, and expansions have been signed for space in the Bonarka 4 Business office park in Kraków.

schedule 23 February 2023

Regions are growing in strength

More than 600,000 sqm of modern office space was leased in 2022, with more than 170,000 sqm in Q4 alone. Last year, in terms of office stock, the regions overtook the capital city market, according to experts from BNP Paribas Real Estate Poland.

schedule 23 February 2023

Cube gets a green makeover

Cube Office Park in Gdańsk is currently going through a green transformation process. The refurbishment of the reception lobby in building A, which was completed last year, is just a glimpse of what tenants may expect in the near future.

schedule 22 February 2023

Time of the supply gap

According to Axi Immo’s summary of the office market activity, 2022 was a good, strong year on Polish market. After a downturn, it was time for a long-awaited boom in demand. Companies have adapted to new working conditions and encourage employees to return to their offices. On the other hand, we will see lower development activity in both Warsaw and regional office markets in the coming quarters, which should last until 2024.

schedule 22 February 2023

ODD in the CityZen Budapest

Odd Consulting has leased offices for its team in the CityZen building in Budapest. The office building, which is managed by ConvergenCE, is thus fully leased.

schedule 22 February 2023

Equilibrium 1 fully leased

SMS Metallurgy Romania has signed a lease for office space in the Equilibrium 1 building in Bucharest, securing 100 pct occupancy. The company will start its operations in the facility in July 2023.

Categories