PL

Poland Modernisation on an XXL scale

Office & mixed-use development
We talk to Karol Klin, who has recently joined the Cornerstone Investment Management team, taking on the role of commercial real estate director, and has also taken on the coordination of the leasing of the V Tower development as leasing director at the project's special purpose vehicle.

What are the main assets of V Tower that attract potential tenants, especially in the context of increasing competition in the Warsaw office market?

V Tower is one of the first high-rise office buildings to become a permanent feature of the city's architecture with its distinctive shape. It is currently undergoing a green transformation, becoming a modern building with minimal environmental impact. As a retrofitted building, the V Tower stands out from new developments, which often involve the demolition of existing structures. We are introducing an innovative approach to ESG. The scale of the modernisation is impressive - covering all floors and all installations: electrical, sanitary, ventilation and heating. We are replacing the lifts with state-of-the-art, fast and energy-efficient ones. We are transforming the common areas, from representative lobbies to elegant lift spaces on each floor. The parks located by the main halls are also being revitalised - new plantings, ponds and small architecture will appear. V Tower is becoming not only a greener, but also a more functional place, open to all residents of the Wola district. The modernisation opens the building up to the city. Tenants also appreciate the flexibility of the available space. The podium of the building offers exceptionally spacious areas that are easy to arrange, regardless of the size of the team. The tower section, on the other hand, is a proposal for companies looking for prestige and privacy, with the possibility to lease entire floors of 800 sqm.

What changes in tenant preferences were taken into account when preparing the V Tower modernisation project?

Ecology has become a key element. We are committed to creating a building with minimal environmental impact, equipped with the latest green technologies. We also took into account modern trends of hybrid and remote working. In the common areas, in the lobby, we have designed coworking areas for the needs of tenants, but also for outsiders. The lobby space will become the agora of V Tower and will have a community-integrating function. We plan to organise many interesting events there, concerts, exhibitions and fashion shows.
V Tower tenants will also be able to use a state-of-the-art app, providing easy access to a parking reservation system and daily management of office spaces. We also take care of sanitary and health and safety aspects. We have designed the installations according to post-pandemic standards, limiting physical contact and ensuring efficient air exchange. For cyclists, we have prepared bicycle parking, modern changing rooms and facilities to support sustainable transport. The building will also feature a wide range of retail and services available to both tenants and visitors. All parking spaces located in the outdoor car parks, will be redesigned to offer charging facilities for electric cars.

In your opinion, will the hybrid working model stay with us for longer, or will employees return to the offices?

The hybrid model will certainly stay with us for longer as more and more employees expect it. Employers cannot ignore this trend, especially in a low unemployment situation. Many people are changing jobs if they cannot take advantage of flexible work arrangements. Nevertheless, offices will continue to play an important role. They foster creativity, enhance team integration and allow direct social interaction. In the long term, this benefits the performance of companies. I predict that demand for high-quality office space in top locations will increase, not least because of the shrinking available space.

Does the modernisation of V Tower take into account changes in the spatial layout of the building?

There are many changes, although at the same time we have tried to preserve the original character of the building. The V Tower is an architectural gem whose spacious lobby and high-quality materials are rarely seen today. Our aim was to highlight these assets. We are creating new reception areas and designing an atmospheric café with access to green parks and a table area ideal for working. We are introducing modern building automation solutions and the area around the building is getting new planting and refreshed paving.

Does Cornerstone Investment Management plan to integrate the V Tower into its surroundings to create a space that not only meets the needs of tenants, but also influences the development of the area?

Opening up the building to the city is one of the most important objectives of the modernisation. No other office building in Warsaw has such spacious green parks surrounding the entrance to the building. It is 2,000 sqm of greenery that has been creating a friendly space in the city centre for years. We want this space to be accessible not only to tenants, but also to neighbours and visitors. The green parks will feature a café, relaxation zones and services accessible to all. We have more than 600 parking spaces, more than 500 of which are in the underground garage. Some of these will be made commercially available, responding to the needs of the neighbourhood. Thanks to a thoughtful modernisation, we offer not only exceptional office spaces, but also functionalities that integrate the building into the surroundings and give a new dynamic to this part of the city.

Latest news

Office & mixed-use development

Poland Modernisation on an XXL scale

schedule 30 January 2025
Anna Zamyłka

We talk to Karol Klin, who has recently joined the Cornerstone Investment Management team, taking on the role of commercial real estate director, and has also taken on the coordination of the leasing of the V Tower development as leasing director at the project's special purpose vehicle.

Warehouse & industrial

Germany Panattoni builds on brownfield site near Munich

schedule 30 January 2025
Opr./edited by ANZ

Panattoni is building a logistics centre for Repa in Unterschleißheim near Munich. A 32,600 sqm building will be constructed on a 54,400 sqm plot.

Office & mixed-use development

Poland Arup stays in Korona

schedule 30 January 2025
Opr./edited by JC

GTC has extended its lease agreement with Arup, an engineering and consulting firm. The company also carried out an renovation of the leased space in Kraków's Korona Office Complex.

Office & mixed-use development

Poland Big moves for Alior

schedule 30 January 2025
Opr./edited by JC

Alior Bank will move its Warsaw headquarters and Kraków office to new locations. The company will occupy spaces in Varso Place and Ocean Office Park B.

Warehouse & industrial

Germany Patron Capital and Inbright acquire two new properties

schedule 30 January 2025
Opr./edited by ANZ

Patron Capital and its partner Inbright have acquired two new properties as part of their light industrial programme, which is aiming to create a EUR 250 mln portfolio of sustainably focused light industrial assets in key locations across Germany.

Events

World Two Polish projects in the final of the MIPIM Awards

schedule 29 January 2025
Opr./edited by ANZ

Two projects by the Echo-Archicom Group have made it to the final of the MIPIM Awards. Łódź's Fuzja and Warsaw's Towarowa22 are the only Polish investments nominated in this year's edition.

Land acquisitions

Sweden Panattoni enlarges its  Swedish portfolio 

schedule 29 January 2025
Opr./edited by ANZ

Panattoni has acquired two properties near Gothenburg, Sweden. The brownfield sites will be replaced by a modern 43,000 sqm facility.

Warehouse & industrial

Niemcy Between Cologne and Frankfurt

schedule 29 January 2025
Opr./edited by JC

P3 begins construction of the P3 Pfalzfeld logistics park. The facility will have 23,000 sqm.

Warehouse & industrial

Germany Garbe secures site near Hildesheim

schedule 29 January 2025
Opr./edited by ANZ

Garbe has acquired a plot of land measuring around 32,000 sqm in Bockenem, around 20 km south-east of Hildesheim. A logistics centre with a total area of approx. 18,500 sqm is to be built on this site. The total investment volume amounts to around EUR 23 mln.

Investment & finance

Germany Lombardhaus changes hands

schedule 29 January 2025
Opr./edited by JC

Sonar Real Estate, acting as transaction manager and commercial advisor, has successfully completed the sale of Lombardhaus office building located at Pelzerstraße in Hamburg.

Investment & finance

Poland Develia buys land in the centre of Wrocław

schedule 28 January 2025
Opr./edited by ANZ

Develia has bought land at ul. Orląt Lwowskich in Wrocław. The developer plans to develop a dormitory with around 600 rooms and two service units on it. Develia acquired the property from the Puro Hotels financial group for PLN 40.6 mln.

Investment & finance

Germany Pamera went shopping

schedule 28 January 2025
Opr./edited by JC

Pamera Real Estate Partners concluded 2024 with the acquisition of two additional properties valued at approx. EUR 40 mln. One of the assets is a medical centre located in the Grosshadern district of Munich.

Investment & finance

CEE Summus Capital: Boldness from the Baltics

schedule 28 January 2025
Nathan North
deputy editor

Towards the end of last year, Estonian-based investment company Summus Capital expanded out of the Baltics to make its first acquisitions in Poland: the React office building Łódź (15,000 sqm – sold for EUR 32.5 mln) and the Lakeside office complex in Warsaw (23,834 sqm, EUR 61.9 mln). And so, Eurobuild spoke to Summus Capital board member Hannes Pihl to find out more about the company's strategy.

Office & mixed-use development

Germany Silverton lets office space in Meerbusch

schedule 28 January 2025
Opr./edited by ANZ

The Silverton Group has agreed to a long-term lease of around 950 sqm of office space in the property near Düsseldorf to Gel Express Logistik. The office building at Otto-Hahn-Strasse in Meerbusch provides a total lettable area of around 3,100 sqm.

Investment & finance

Germany Garbe and Sidra Capital form joint venture

schedule 28 January 2025
Opr./edited by ANZ

Garbe has formed a strategic partnership with Sidra Capital, a Middle Eastern investment manager with a global portfolio. The joint venture’s objective is the acquisition of light industrial and logistics real estate in Germany within the framework of sale-and-leaseback transactions.

Warehouse & industrial

Poland FroGum takes 10,000 sqm from MLP

schedule 28 January 2025
Opr./edited by ANZ

The distributor of car accessories has joined the tenants of the MLP Pruszków II logistics centre. The company has leased 10,000 sqm of warehouse space with immediate access.

Investment & finance

Czech Republic Industrial partnership in Ostrava

schedule 27 January 2025
Opr./edited by JC

Panattoni, together with Accolade, has acquired a plot of land near the airport in Ostrava. The 38-hectare site will create 120,000 sqm of new industrial and warehouse space.

Warehouse & industrial

Poland Douglas moves into CTPark Warsaw South

schedule 27 January 2025
Opr./edited by JC

CTP has signed a 10-year lease for over 46,200 sqm of warehouse and office space at CTPark Warsaw South with Douglas, the European company operating in the omnichannel premium beauty segment.

Investment & finance

POLAND The man behind the year's biggest deal

schedule 24 January 2025
Nathan North
deputy editor

Eastnine entered the Polish market in 2022 with the purchase of Nowy Rynek D in Poznań. And building E was added to its portfolio early last year. But at the end of the year, the Swedish investor pulled off a major coup with the biggest office acquisition of 2024 when it added Warsaw Unit to its portfolio. So, we spoke to Kestutis Sasnauskas, the CEO of Eastnine, to find out more about this spectacular transaction and the company’s future plans

Office & mixed-use development

Germany CMS law firm stays with Patrizia

schedule 24 January 2025
Opr./edited by ANZ

Law firm CMS has renewed its lease for 10 years for 10,200 sqm of office space at MainTor Panorama building in Frankfurt.

Latest in Office & mixed-use development

schedule 30 January 2025

Modernisation on an XXL scale

We talk to Karol Klin, who has recently joined the Cornerstone Investment Management team, taking on the role of commercial real estate director, and has also taken on the coordination of the leasing of the V Tower development as leasing director at the project's special purpose vehicle.

schedule 30 January 2025

Arup stays in Korona

GTC has extended its lease agreement with Arup, an engineering and consulting firm. The company also carried out an renovation of the leased space in Kraków's Korona Office Complex.

schedule 30 January 2025

Big moves for Alior

Alior Bank will move its Warsaw headquarters and Kraków office to new locations. The company will occupy spaces in Varso Place and Ocean Office Park B.

schedule 28 January 2025

Silverton lets office space in Meerbusch

The Silverton Group has agreed to a long-term lease of around 950 sqm of office space in the property near Düsseldorf to Gel Express Logistik. The office building at Otto-Hahn-Strasse in Meerbusch provides a total lettable area of around 3,100 sqm.

schedule 24 January 2025

CMS law firm stays with Patrizia

Law firm CMS has renewed its lease for 10 years for 10,200 sqm of office space at MainTor Panorama building in Frankfurt.

schedule 24 January 2025

The Warsaw Court of Appeal chooses Wola Center

The occupancy level of Wola Center has reached 90 per cent. The latest contract for the lease of 2,000 sqm was concluded by Hines with the Warsaw Court of Appeal. In addition to office space, the long-term contract includes parking spaces. 

schedule 22 January 2025

Timber Factory is set for construction

Timber Factory – the building complex by UBM Development and ARE Austrian Real Estate – will be Munich’s first commercial campus in a timber hybrid design, with approx. 59,500 sqm of GFA. Building is scheduled to begin in the Q3 of 2025.

schedule 22 January 2025

The law firm SPCG has chosen Infinity

The law firm of attorneys and legal advisers Studnicki, Płeszka, Ćwiąkalski, Górski has joined the group of tenants in Wrocław's Infinity office building. The firm has leased over 350 sqm of space. The opening of the new branch of the SPCG law firm is scheduled for August 2025.

schedule 21 January 2025

Atlas Ward is responsible for the redevelopment of V Tower

Atlas Ward appointed as general contractor for the redevelopment of V Tower. The green modernization of the office building at ul. Chmielna in Warsaw has entered its decisive phase. The work began in January and is scheduled to be completed by the end of August.  

schedule 20 January 2025

PFR is staying in Cedet

Companies from the PFR group, including Kuke, remain tenants of Cedet in Warsaw. The companies use a total of 9,500 sqm in the office building.

schedule 20 January 2025

Some Oxygen for Grupa Transportowa

Grupa Transportowa has joined the group of tenants of Oxygen Park. The new Warsaw branch of the company is located in nearly 200 sqm of office space on the ground floor of Building B.

schedule 17 January 2025

Grundmanna Office Park has a new tenant

IT company Sopra Steria Polska will change its Katowice address in 2026. The company has signed a lease for 4,000 sqm of office space in the Grundmanna Office Park A building, owned by Cavatina Holding.

schedule 16 January 2025

Cushman commercialises Equal Business Park

Cushman & Wakefield has been appointed as sole letting agent for three buildings of Kraków’s Equal Business Park, owned by funds managed by Apollo-Rida. 

schedule 16 January 2025

Matarnia Office Park is fully leased

The Matarnia Office Park office complex in Gdańsk has been fully leased. The two buildings together offer more than 5,000 sqm of space. The facility belongs to the Domesta company, which is part of the Inpro capital group.

schedule 15 January 2025

Imagine office complex welcomes a new tenant

The Polish branch of one of the leaders in the aviation industry will move to the Łódź office building Imagine, developed by Avestus Real Estate. The company has leased over 1,600 sqm of space on the fourth floor of Building A. 

schedule 14 January 2025

Ireland stays at Liberty Corner

The Irish Embassy in Poland will remain in its current location in the Liberty Corner building in the centre of Warsaw for the next ten years. The diplomatic post has been based in the office building at ul. Mysia 5 since 2004.

schedule 14 January 2025

Arla Foods gets to the point

Arla Global Shared Services – Arla GSS will move its local headquarters to the Punkt office building under construction in Gdańsk Wrzeszcz. The company has leased nearly 10,000 sqm of space, to which it will move in early 2026.

schedule 10 January 2025

JDE stays in Diuna for longer

Jacobs Douwe Egberts has extended its lease in the Warsaw office building from the Syrena Real Estate portfolio. The company will continue leasing nearly 1,300 sqm of space within Diuna complex.

schedule 19 December 2024

US bank takes 13 floors

BNY, the global financial services provider, has moved its Polish office to the Centrum Południe building in Wrocław. The company has taken 20,000 sqm of space on 13 floors in the Skanska-owned facility.

schedule 17 December 2024

H2Offices flows in Budapest

Skanska has commenced construction on the second building of the H2Offices complex in Budapest. The eight-story structure will offer about 22,000 sqm of leasable space.

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Edition 1 (295) January 2025

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