PL

Poland Santander takes the tower

Office & mixed-use development
Santander Bank Polska has become a strategic tenant of The Bridge skyscraper under construction in the business centre of Warsaw. The bank has signed a lease agreement with the building's developer and investor, Ghelamco, for an area of around 24,500 sqm. This is the largest transaction in the Polish office market since 2022.

Santander Bank Polska will change its headquarters and move next year to The Bridge, Ghelamco's latest project. The skyscraper is being built in Warsaw's Wola district, near Plac Europejski, at the junction of ul. Towarowa and ul. Grzybowska. The bank will occupy the top 19 office floors with a total gross floor area of 24,500 sqm, and will also have exclusive use of the sky terrace on the 40th floor of the building. In addition, a state-of-the-art Santander Bank Polska branch will be located on the ground floor of the neighbouring Bellona building - part of The Bridge office complex.

This is a landmark moment for our investment, but also significant for the Polish office market. Santander Bank Polska has become a strategic tenant of The Bridge, deciding to occupy half of the 40-storey skyscraper. We have not had such a large office lease transaction in Poland since 2022! This proves that modern organisations, constantly striving for growth and caring about the standard of their working environment, do not give up on top-quality offices. For our client, the ESG aspects were key, which at The Bridge are a priority for us and are reflected at every stage of the project.
Jarosław Zagórski, managing director of Ghelamco Poland

Moving to a modern office building located in the capital's business hub is part of our strategy, in which one of the elements is taking care of the best possible experience for our clients and employees. We also place a strong emphasis on the implementation of our Total Responsibility strategy. Therefore, when looking for a location for Santander Bank Polska's new headquarters, we paid attention to long-term ESG solutions and state-of-the-art technologies that not only help improve energy efficiency, but also support building a positive employee experience. The fact that The Bridge has a number of environmental and technological certifications and is perfectly located convinced us to choose this project for our main office in Poland.
Paweł Dziedzina, director of the Work Environment Management Department at Santander Bank Polska

Experts from Colliers advised the tenant in the transaction.

The surroundings of Rondo Daszyńskiego have already been a popular location for banks for several years, so we can talk about a hub created by companies from this sector. Santander Bank Polska will soon join it. The choice of The Bridge for our client's headquarters was preceded by a very thorough analysis of available real estate and sound recommendations taking into account the bank's guidelines. We are delighted to have been able to support Santander in making such a key decision and to have a part in the largest transaction in the office market since Q1 2022.
Paweł Skałba, senior partner, head of office space at Colliers

The Bridge will deliver 52,000 sqm of office space to the market. The building will have state-of-the-art technological and environmentally friendly solutions. This is already evidenced by SmartScore and WiredScore certifications at the highest platinum level, and ultimately also WELL, BREEAM, Green Building Standard and Barrier Free Facility.

The Bridge is to be energy neutral and powered by 100 pct clean energy. The building will use an ultra-energy-efficient and innovative Building Energy Management System, installed to monitor and manage the building's energy performance, as well as an InBin app to analyse the carbon footprint generated based on the weight of waste produced by tenants. In addition, a vacuum sewage technology will be implemented in the skyscraper, allowing to minimise water consumption in toilets by up to 75 pct. The building will also use Ghelamco's proprietary operating system, Signal OS, which allows, among other things, for sustainable management of utilities. An element of the system is a mobile application enabling tenants to move around the office building without an access card or reserve rooms and parking spaces. The Bridge will also use special anti-pandemic solutions to prevent the spread of viruses, including virucidal UV lamps in the lifts and air handling units. The building will feature underground parking with charging points for electric cars. Cyclists will get to use more than 160 bicycle spaces, as well as changing rooms with showers.

Latest news

Office & mixed-use development

Poland Santander takes the tower

schedule 30 September 2024
Opr./edited by ANZ

Santander Bank Polska has become a strategic tenant of The Bridge skyscraper under construction in the business centre of Warsaw. The bank has signed a lease agreement with the building's developer and investor, Ghelamco, for an area of around 24,500 sqm. This is the largest transaction in the Polish office market since 2022.

Eurobuild CEE

Poland The October issue of Eurobuild!

schedule 30 September 2024
Opr./edited by ANZ

Here it is at last! The latest issue of Eurobuild is out fresh from the printers, and in it, as always, there's plenty of market news, expert opinions and information about personnel changes.

Investment & finance

POLAND Arete enters Poland

schedule 30 September 2024
Opr./edited by NN

Czech asset manager Arete Investment Group has entered the Polish market with the acquisition from Panattoni of a 65,000 sqm warehousing park in Zgorzelec in Lower Silesia.

Warehouse & industrial

Poland DB Schenker to move into Rawicz

schedule 30 September 2024
Opr./edited by ANZ

DB Schenker has leased more than 17,000 sqm at the Hillwood Rawicz warehouse centre. The logistics operator will service a customer producing optical products and sports accessories in its new space.

Investment & finance

Poland Nepi Rockcastle buys Magnolia Park 

schedule 30 September 2024
Opr./edited by ANZ

Nepi Rockcastle has acquired the 100,000 sqm Magnolia Park shopping centre in Wrocław from Union Investment in an off-market transaction. The sale price amounts to EUR 373 mln. Union Investment acquired Magnolia Park in 2017 for the portfolio of the UniImmo: Europa open-ended real estate fund.

Infrastructure

POLAND Ghelamco gets go-ahead for Gdańska

schedule 27 September 2024
Opr./edited by NN

Ghelamco has renewed its partnership with Polish railway operator PKP SA and its real estate division Xcity Investment related to the redevelopment of the Warszawa Gdańska train station in Warsaw.

Retail & leisure

POLAND Wonder of Woolies in Słoneczna

schedule 27 September 2024
Opr./edited by NN

German department store chain Woolworth has signed a lease agreement for almost 1,000 sqm in the Galeria Słoneczna shopping centre in Radom.

Office & mixed-use development

POLAND Legal move for Global Office Park

schedule 27 September 2024
Opr./edited by NN

Law firm KBZ Żuradzki Barczyk & Partners Advocates and Attorneys-at-Law LP has leased 400 sqm of office space in Global Office Park in Katowice.

Warehouse & industrial

POLAND Terg happy in Gdańsk Logistic I

schedule 27 September 2024
Opr./edited by NN

Terg, the owner of the Media Expert chain of electronic goods stores, has renewed its lease of 1,800 sqm in Gdańsk Logistic I.

Warehouse & industrial

HUNGARY Faedra to build two in South Buda

schedule 27 September 2024
Opr./edited by NN

Hungarian warehouse developer Faedra Group is to launch two new developments in South Buda (Budapest XII) this autumn.

Warehouse & industrial

CZECH REPUBLIC Toyota MH moves to Panattoni Zdice

schedule 27 September 2024
Opr./edited by NN

Toyota Material Handling CZ has leased 13,614 sqm for its new headquarters in Panattoni Park Zdice in Central Bohemia.

Warehouse & industrial

Czech Republic Czech industrial back on the up

schedule 27 September 2024
Opr./edited by JC

Demand for industrial space is stabilising across Europe, as indicated by the recent European Logistic Update report by Cushman & Wakefield. In the Czech Republic, the situation is now returning to pre-pandemic levels.

ESG

CEE Waste under the spotlight

schedule 26 September 2024
Opr./edited by ANZ

Skanska has entered into a partnership with the WasteTracker startup. The smart waste counter will help monitor and report on waste streams, supporting the process of responsible building management. The system will operate across Skanska's current portfolio in Central and Eastern Europe.

Hotels

Europe Moxy plans a hundred

schedule 26 September 2024
Opr./edited by ANZ

The Moxy Hotels brand has announced the expansion of its European portfolio to 100 hotels by the end of 2025. 17 more hotels are to open by the end of next year, including Moxy Warsaw City.

Investment & finance

CEE REGION P3 issues €500m green bond

schedule 25 September 2024
Opr./edited by NN

Prague-based warehouse developer P3 Group has issued a 7.6-year EUR 500 mln Green Bond. With this, P3 will have signed over EUR 6 bln in new debt since the implementation of its most recent funding strategy in December 2021.

Office & mixed-use development

POLAND Meril takes a breath of Oxygen

schedule 25 September 2024
Opr./edited by NN

Indian medical device producer Meril has leased 300 sqm for five years in the Oxygen Park office complex in Warsaw.

Investment & finance

Poland €50m loan for Skyliner II

schedule 25 September 2024
Opr./edited by ANZ

Karimpol Polska has secured EUR 50 mln in financing from Bank Pekao for the second phase of the Skyliner II development on Rondo Daszyńskiego in Warsaw. The bank also financed the construction of the first tower of the complex.

Investment & finance

Europe ECE capital injection

schedule 25 September 2024
Opr./edited by ANZ

ECE Real Estate Partners is expanding its investment activities and has raised further circa EUR 100 mln of capital for its ECE Progressive Income Growth Fund that invests in high quality shopping centres in Europe and holds a portfolio of seven centres with a total market value of more than EUR 2.2 bln.

Office & mixed-use development

Poland Challenges and stabilisation

schedule 24 September 2024
Opr./edited by ANZ

Savills has summarised H1 in the Kraków office market. Despite the challenges of rising vacancy rates and a significant drop in activity on the part of developers, Kraków's office market is showing signs of stabilisation and is looking ahead to further growth.

Investment & finance

Europe Panattoni launches a logistics income fund

schedule 24 September 2024
Opr./edited by JC

Panattoni has launched a pan-European fund that will invest in modern, sustainable, income-producing logistics properties. The Panattoni Income Fund is domiciled in Luxembourg with an open-ended, evergreen structure.

Latest in Office & mixed-use development

schedule 30 September 2024

Santander takes the tower

Santander Bank Polska has become a strategic tenant of The Bridge skyscraper under construction in the business centre of Warsaw. The bank has signed a lease agreement with the building's developer and investor, Ghelamco, for an area of around 24,500 sqm. This is the largest transaction in the Polish office market since 2022.

schedule 27 September 2024

Legal move for Global Office Park

Law firm KBZ Żuradzki Barczyk & Partners Advocates and Attorneys-at-Law LP has leased 400 sqm of office space in Global Office Park in Katowice.

schedule 25 September 2024

Meril takes a breath of Oxygen

Indian medical device producer Meril has leased 300 sqm for five years in the Oxygen Park office complex in Warsaw.

schedule 24 September 2024

Challenges and stabilisation

Savills has summarised H1 in the Kraków office market. Despite the challenges of rising vacancy rates and a significant drop in activity on the part of developers, Kraków's office market is showing signs of stabilisation and is looking ahead to further growth.

schedule 18 September 2024

Strabag to develop Plaza Nova

Strabag Real Estate will develop Plaza Nova, a mixed-use complex in Kraków. The facility will be built on the site of the former Plaza shopping mall, which was demolished last year.

schedule 16 September 2024

Alioth is looking up

Alioth Group will join the tenant mix of the Varso Tower office building. In the spring of 2025, the company will move into an office on the 44th floor.

schedule 11 September 2024

The French on The Bridge

The French Institute has decided to change its Warsaw headquarters in September 2026. It has chosen the historical building of the former Bellona Publishing House, currently undergoing modernization as part of The Bridge.

schedule 10 September 2024

IBC gets even healthier

Siemens Healthineers has expanded its cooperation regarding office space lease with Deka Immobilien, the owner of the International Business Center complex in Warsaw.

schedule 05 September 2024

A considerable new demand rebound

According to data from the Cushman & Wakefield Echinox, the net office take-up in Bucharest across Q2 exceeded the renewal and renegociation transactional volume for the first time during the last two years, with a positive impact on the average vacancy rate, given that no new office projects were delivered in H1.

schedule 04 September 2024

Works are in progress in Vibe

Vibe, Ghelamco's latest project in Warsaw's business centre, is already fully leased. Companies that have already started working in the office building include Reckitt, an international consumer goods company, and MDDP Outsourcing.

schedule 02 September 2024

Liberty almost realised

Liberty, a mixed-use complex located in Budapest, has reached its final stage. The second phase of the project comprises a total of 20,000 sqm of office space.

schedule 30 August 2024

Savills relocates to Prague's Masaryčka

Savills is moving its headquarters as of March 2025, to new office space within the Masaryčka project in the centre of Prague. Additional 50 pct floor space will give it the foundation to expand its headcount towards 100 employees over the next phase of the business.

schedule 30 August 2024

Green light for Magdelēnas kvartāls

Vastint Latvia has received building permits for the construction of 4th and 5th phases of Magdelēnas kvartāls in Riga. The 4th phase is expected to be completed early next year.

schedule 29 August 2024

Knight Frank hooked by the Vibe

Knight Frank has chosen the Vibe office building in Warsaw’s Wola district as its new Polish headquarters. The consultancy has leased almost 1,000 sqm on the 9th floor of the Ghelamco project.

schedule 27 August 2024

Construction, vacancy, demand and prices on the rise

According to the regular quarterly office property market survey published by Colliers, Prague's office market grew by four attractive, new buildings in Q2, offering nearly 44,000 sqm of modern class A office space. Even though a large part of these properties found tenants before completion, the overall vacancy rate has slightly increased.

schedule 27 August 2024

Doraco chooses Nowy Saski Crescent

Doraco has leased 1,000 sqm in Warsaw's Nowy Saski Crescent office building. The company will move into the building owned by CA Immo later this year.

schedule 21 August 2024

Ageing office stock and muted development activity

At the end of Q2 2024, more than 40 pct of offices in the oldest office buildings in Poland’s regional cities remained vacant, with their office markets experiencing stable vacancy rates and subdued development activity, reveals BNP Paribas Real Estate Poland in its latest report “At a Glance – Regional City Office Markets Q2 2024”.

schedule 21 August 2024

Seargin stays in Garnizon

Seargin, an international technology and consulting company, has extended its contract and leased over 1,900 sqm of space in the Garnizon Hiro office building in Gdańsk. The company has doubled the space it previously occupied.

schedule 20 August 2024

Tenants remain happy in Diuna

More companies have decided to extend their leases in the Diuna office complex. Colgate and Lux Med, which has additionally expanded its operations with a mental health clinic, remain in Warsaw's Służewiec district.

schedule 14 August 2024

OUP to build R&D centre for Infineon

One United Properties has started work in Bucharest on the One Technology District – a built-to-suit semiconductor R&D centre for German company Infineon Technologies.

Edition 10 (292) September 2024

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