PL

Poland GTC blooms in Warsaw

Office & mixed-use development
GTC closed the year by achieving a very high occupancy rate for its office buildings in Warsaw. Particularly important for GTC's result was a contract-laden end of the year. The company signed office leases from its Warsaw portfolio for nearly 20,000 sqm, 34 pct of all transactions were new tenants.

Approximately 20,000 sqm has been leased within the Warsaw portfolio, of which nearly 66 pct are contract extensions, while new leases account for 34 pct of concluded contracts. Thanks to the attractive location for tenants, the high standard of the buildings and numerous amenities, the lease rate in the Aeropark Business Centre office complex has reached 96 pct, remaining or becoming the headquarters for companies in the logistics, R&D or aviation industries. The Artico building finished 2022 with an occupancy rate of 100 pct.

I am pleased that demand for office spaces we offer in the capital have reached such a high level. 35% of renegotiated contracts in the entire portfolio is proof of the tenants' confidence in GTC. In Poland 100 pct of our buildings are certified and all common areas of buildings are powered by green energy. We pay more and more attention to reducing our carbon footprint by implementing innovations in existing facilities
commented Agnieszka Ciupak, Executive Director at GTC Poland.

Aeropark Business Centre is a complex of three Class A office buildings – Corius, Nothus, Zephirus – located just three minutes from Warsaw Chopin Airport. Aeropark is powered by green energy and meets the environmental criteria confirmed by LEED certification. One of the buildings – Nothus – recently received the highest level of LEED certification – Platinum. The office park is popular among renowned logistics companies. It is also adjacent to a number of hotels and conference facilities. Artico is an 8th floor Class A office building, located in the business center in Warsaw's Mokotów district. It is well connected to the rest of the city, thanks to access to the subway, bus and streetcar lines. There are 153 parking spaces and 80 bicycle parking spaces available to tenants.

Latest news

Residential

Poland More then 500 units under the Lett brand

schedule 01 December 2023
Opr./edited by ANZ

In two years, Finnish developer YIT has built and handed over more than 500 rental units in Warsaw to the Nrep fund. The flats were built in three Warsaw districts - Ursynów, Bemowo and Mokotów.

ESG

Poland CMS, WELL done!

schedule 01 December 2023
Opr./edited by ANZ

The CMS law firm's headquarters, located in Varso Tower, has become the first office arrangement in Poland to be awarded WELL Platinum certification. Thus, CMS joins the ranks of four law firms worldwide that have an office that complies with the highest standards of occupant wellbeing.

Office & mixed-use development

Poland Concentrix circles in on Global Office Park

schedule 30 November 2023
Opr./edited by ANZ

Customer engagement specialist Concentrix has leased almost 5,200 sqm in Global Office Park in Katowice, which is owned by Cavatina. The deal is the largest office lease in the city in 2023.

Investment & finance

Poland mBank provides loan for 7R

schedule 30 November 2023
Opr./edited by ANZ

7R has obtained a development loan for the 7R City Flex Katowice I project. The financing of EUR 15.5 mln was provided by mBank.

Warehouse & industrial

Poland Universal Express long-stay in Pruszków

schedule 30 November 2023
Opr./edited by BL

Universal Express has extended its lease of the MLP Pruszków II park for another period. The company has been a tenant of the MLP logistics centre for almost 10 years.

Hotels

Poland The seventh Accor in Kraków

schedule 30 November 2023
Opr./edited by ANZ

A new hotel is being built in Kraków. It will be the seventh facility of the AccorInvest/Orbis group in the capital of Malopolska under the Accor brand in the lifestyle segment. The hotel is scheduled to open in Q2 2025.

Investment & finance

Poland Galeria Tarnovia changes hands

schedule 30 November 2023
Opr./edited by ANZ

A London-based European investment company has finalised the purchase of Galeria Tarnovia, which is one of the biggest transactions on the Polish retail property market this year. The Tarnów mall has about 17,000 sqm of leasable space (36,500 sqm of total space).

Infrastructure

Poland PLN 1.5 bln for the airport

schedule 29 November 2023
Opr./edited by ANZ

The investment programme until 2030 worth more than PLN 1.5 bln has been approved for Katowice's Wojciech Korfanty Airport. The programme will include more than 20 projects, with the construction of a passenger terminal, a cargo terminal, a technical hangar, as well as taking into account changes to the airport's transport system.

For Ukraine

Poland Nansen Refugee Award goes to Poland!

schedule 29 November 2023
Opr./edited by ANZ

The UN Nansen Refugee Award award will go to Poland for the first time. According to the office of the UNHCR High Commissioner this year's regional winner for Europe is a Polish couple, Lena and Władysław Grochowski.

Eurobuild FM

Poland Edyta Chromiec on ESG in the construction sector

schedule 28 November 2023
Magda Rachwald

We invite you to listen to the next episode of Eurobuild FM! Edyta Chromiec, senior associate of the ESG department at Colliers, describes how Polish general contractors are prepared to implement ESG principles – not only environmental, but also social ones.

Warehouse & industrial

Hungary DHL relocates to zero ready PT1 megapark

schedule 28 November 2023
Opr./edited by ANZ

DHL Supply Chain, a member of the DHL Group, has leased 20,000 sqm in the largest stand-alone modern industrial building in the Budapest area, developed by HelloParks. The park has been prepared to enable zero-emissions operations.

Warehouse & industrial

Poland Under CTP's one roof

schedule 28 November 2023
Opr./edited by ANZ

Morska Agencja Gdynia, a Polish freight forwarding and logistics company, has leased more than 21,000 sqm of space in the CTPark Gdańsk Port complex. The company will integrate all its warehouse space in one location.

Warehouse & industrial

Poland Next MLP project in Silesia

schedule 28 November 2023
Opr./edited by JC

MLP Group is investing to develop a new logistics centre within the Katowice Special Economic Zone. The upcoming MLP Bieruń West, situated on recently acquired land, is set to provide approximately 55,000 sqm of warehouse space.

Office & mixed-use development

Poland Mogilska 35 Offices officially opened

schedule 27 November 2023
Opr./edited by ANZ

Warimpex has opened its third office building in Kraków, the Mogilska 35 Offices. The taxonomy-compliant property has 11,900 sqm of space, is located in the immediate vicinity of the city centre. The building is already almost half let.

Warehouse & industrial

Poland KiK warehouse kicks off in Rabowice

schedule 27 November 2023
Opr./edited by ANZ

The first Polish distribution centre of the KiK discount chain will open in Rabowice. The property has a warehouse space of 40,000 sqm.

Investment & finance

Poland Transaction at ul. Cybernetyki

schedule 27 November 2023
Opr./edited by BL

White Stone Development has sold two office buildings at Cybernetyki 7 Street. The Hol77 complex in Warsaw's Mokotów district has been purchased by Flora Development 22.

Warehouse & industrial

Poland Good Point for Bremer

schedule 27 November 2023
Opr./edited by JC

Real Management has signed an agreement with Bremer, entrusting it with the role of general contractor for the production and industrial park Good Point V.

Warehouse & industrial

Poland Regesta is going to Zgierz

schedule 27 November 2023
Opr./edited by JC

Regesta will lease 21,700 sqm of warehouse space in Panattoni Park Zgierz. The central warehouse will support its four existing properties across Poland, with another two under construction.

Retail & leisure

CEE Pařížská is the most expensive

schedule 24 November 2023
Opr./edited by ANZ

In this year's 33rd edition of the Cushman & Wakefield Main Streets Across the World ranking, the Czech Pařížská street has been ranked 11th in Europe and the first in the CEE region. The survey compares nearly 50 countries around the world by the level of retail rents on the most expensive shopping street in each country.

Office & mixed-use development

POLAND First offices arise at Towarowa 22

schedule 23 November 2023
Opr./edited by NN

Construction work has begun on Office House, the first stage of the Towarowa 22 multifunctional development in central Warsaw.

Latest in Office & mixed-use development

schedule 30 November 2023

Concentrix circles in on Global Office Park

Customer engagement specialist Concentrix has leased almost 5,200 sqm in Global Office Park in Katowice, which is owned by Cavatina. The deal is the largest office lease in the city in 2023.

schedule 27 November 2023

Mogilska 35 Offices officially opened

Warimpex has opened its third office building in Kraków, the Mogilska 35 Offices. The taxonomy-compliant property has 11,900 sqm of space, is located in the immediate vicinity of the city centre. The building is already almost half let.

schedule 23 November 2023

First offices arise at Towarowa 22

Construction work has begun on Office House, the first stage of the Towarowa 22 multifunctional development in central Warsaw.

schedule 22 November 2023

LSD Group at Globalworth Plaza

Globalworth has signed a lease agreement for Globalworth Plaza with LSD Group, a multinational general contracting and fit-out company based in Bucharest.

schedule 22 November 2023

New tenants in the Garden

Vastint Poland has leased nearly 1,950 sqm in Business Garden Poznań. The new tenants will occupy space in three buildings on Pastelowa Street.

schedule 21 November 2023

One Cotroceni Park wants to be fit

One United Properties announces the upcoming opening of a new World Class fitness centre within One Cotroceni Park development in Bucharest. The facility will occupy 2,600 sqm of space.

schedule 20 November 2023

C.H. Robinson opts for Studio B

In spring next year, C.H. Robinson will move into Studio B, a Warsaw office building developed by Skanska. The logistics platform will take up nearly 4,500 sqm of space.

schedule 16 November 2023

Chilliflexes its muscles in Kraków

Ghelamco has secured another tenant for its latest Krakow project, the Kreo office building. Chilliflex, a coworking and serviced office operator, has leased nearly 5,700 sqm of space on Wadowicka Street.

schedule 14 November 2023

Green energy in North Gate

Deka Immobilien, the owner of the North Gate office building in Warsaw, has signed a lease agreement with a company operating in the renewable energy sector. The tenant has taken an office of more than 5,000 sqm.

schedule 13 November 2023

Entire floor rented at ZenGarden

ZenGarden, an office complex in Budapest, has achieved over 90 pct occupancy. The latest tenant, who remains confidential, has taken the entire floor i.e. 1,300 sqm.

schedule 10 November 2023

Studio will have a tower

Skanska is starting construction of phase II of the Studio complex. The development will deliver 26,600 sqm of office space to the Warsaw's market. Studio A building will be completed in 2025.

schedule 08 November 2023

Office on three floors

AML RightSource has moved into the Wadowicka 3 complex owned by Reino Capital Partners. The firm's new office occupies more than 4,400 sqm on building C's three floors.

schedule 07 November 2023

Slovakia’s tallest building almost ready

Eurovea Tower, the first skyscraper in Bratislava, has received use permit. Construction of Slovakia’s tallest building led by JTRE is almost completed. Only apartment interiors and common areas need to be finished before properties are handed over in spring 2024.

schedule 06 November 2023

WeWork on the brink

The trading of WeWork's shares on Wall Street was suspended today, following the coworking operator's filing for financial reorganisation (Chapter 11). For several days, the global media has been reporting on the increasing problems faced by the chain and, according to some sources, a bankruptcy petition for WeWork is to be filed this week.

schedule 03 November 2023

Turbine powers into Corvin

Digital biopharma research and development company Turbine has opened its new 1,300 sqm headquarters in the Corvin Innovation Campus office building in Budapest.

schedule 31 October 2023

Cavatina plans 100m tower in central Warsaw

Cavatina is to begin consultations related to a mixed-use project at ul. Chmielna 75 in Warsaw. The developer recently signed a conditional agreement to purchase the 1 ha site from the Polska Poczta (the Polish Post Office). The initial plans include the construction of a building over 100m in height.

schedule 30 October 2023

Historic Łódź warehouse to be transformed

A&A Holding has received the building permit for the redevelopment of Magazyn Bawełny (Cotton Warehouse) in Łódź, which once served as a warehouse for a neighbouring cotton mill. The mixed-use project is to be developed within the Manufaktura complex in the city.

schedule 26 October 2023

Warsaw office development slows down sharply

Cushman & Wakefield has released a summary of office market conditions in Warsaw. This year’s development activity is expected to fall to its lowest in nearly 25 years amid a record number of leases, falling vacancy rates and the continued upward pressure on rental growth.

schedule 26 October 2023

Futureal buys Lipowy Office Park

Hungarian real estate group Futureal has acquired the Lipowy Office Park in Warsaw. The complex consists of four towers with a total of almost 40,000 sqm of leasable space. 

schedule 25 October 2023

EU transport chiefs stay in Warsaw Spire C

The Centre for EU Transport Projects (CEUTP) has extended its lease agreement for 4,000 sqm in Warsaw Spire C.

Edition 11 (283) November 2023

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