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Office Market News

AXI IMMO develops its investment and tenant representation lines

AXI IMMO, a Polish consulting company active on the commercial real estate market, develops its structures within the investment and tenant representation lines. AXI IMMO has joined Tomasz Marsz, taking the position of Corporate Clients Director and Karol Gajewski, Senior Office Negotiator.

Nowy Rynek in Poznan growing fast

Skanska has started work on the third building of Nowy Rynek complex in Poznan. The 14-storey office building will have a total leasable area of around 27,000 square meters. The development also includes the underground parking levels for both the third and the fourth building.

The new Ceetrus office: a work space in a mid-century modern style

Ceetrus Poland has moved its Warsaw headquarters to the IBC building. The new office is an expression of the company’s culture. The design was created by the Workplace Solutions studio.

Ghelamco Sells Wronia 31 Office Scheme

Ghelamco Poland has completed the sale of the Wronia 31 office scheme located in the centre of Wola’s business district. The property was acquired by LaSalle Investment Management (LaSalle), one of the world’s leading real estate investment managers with USD 65 billion of assets under management across Europe, North America and Asia Pacific.

Business Garden Warsaw welcomes new tenant

Inoffice Group has leased 1,668 m2 of modern office space in Business Garden Warsaw. Inoffice offers flexible workspace for companies seeking ready and fully equipped offices. The offer is dedicated to both small entities and larger companies that need a temporary space for their project teams. The office in Business Garden Warsaw will be the seventh location of Inoffice in Poland. Karolina Pawłowska, Leasing Manager at Vastint Poland says, “Services offered by Inoffice Group will enrich the Business Garden’s offer. It will be an interesting alternative for new customers looking for a small office space, ready to be leased immediately, or a temporary space, often needed by customers just after signing the lease agreement during the period of fit-out works. Certainly, the Inoffice’s proposition will also be interesting for the existing tenants of our complex, that occasionally report the need for an additional office or conference space. In both cases, the advantage of the proposed solution is a short, flexible rental period.” Aleksandra Wojtasik, Managing Director of Inoffice Group says, “We offer traditional offices from 2 to 50 workplaces in open spaces, temporary workplaces, so-called hot desking, and conference rooms for up to 14 people. In a very short time we are able to prepare any division of rooms and provide a wide selection of office furniture. We stand out with a flexible approach to the needs of our clients, providing a space to work in accordance with their expectations and needs.” Business Garden consists of seven buildings surrounded by a large garden with relaxation areas and sports facilities, offering a total of 90,000 m2 of office space. The complex is located at Żwirki i Wigury Street, near the Fast City Train station connecting the airport with the Central Railway Station. In addition, a new NS expressway is planned near the complex, connecting the southern parts of the city with the Warsaw ring road. The complex also offer services of a hotel, conference centre, restaurant and fitness club.     Source: Vastint

EPP and Echo Investment to Open Galeria Młociny on the 23rd of May

The hottest spot in Warsaw is set to open in less than a month. One of the biggest shopping and entertainment venues in Warsaw is now being finished in the capital city’s Bielany district.

Demolition of the Silesia Hotel in Katowice starts

Vastint Poland starts demolition of the Silesia hotel at Ks. Piotra Skargi Street in Katowice. The works were entrusted to a demolition company from the TREE Group. Their completion is planned in September 2019. In place of the old hotel a project known as Nova Silesia – a complex of office and hotel buildings of an area of 35,000 m2 – will be developed. Rafał Kociatkiewicz, Project Manager, Vastint Poland says, “It is important for us that the demolition works should be carried out smoothly and without unnecessary inconvenience to the residents of Katowice. We are convinced that the TREE Group, which has already taken over the construction site will handle the works very well. After the site is decluttered, we will quickly proceed with the preparation of the development of a new project: two modern 13-story office buildings and a hotel with 144 rooms.” Anna Lewicka, Site Manager, TREE Capital Sp. z o.o., says: “The principal demolition works will take five months. The building is located in the very centre of the city which will require us to take additional actions to minimize any nuisance related to the demolition works and disposal of large amounts of debris. Furthermore, the hotel was built at the beginning of 1970’s and some materials used in the construction process are presently considered as harmful. We have to apply special protection measures and working procedures during the removal of such materials.  We will also wish to recover as much raw materials as possible to recycle them.  We will begin from dismantling the neon sign of the Silesia hotel which Vastint Poland wishes to hand over to the city to be later used in the public space of the city.” A complex of modern buildings with a hotel and office function will be developed in the place of the old Silesia hotel. The planned scheme, i.e. a hotel with an area of approximately 5,000 m2 and two office buildings of an area of 30,000 m2, will enrich the offer in the very centre of Katowice. The construction of the Nova Silesia project will most probably start in 2019. The design is prepared by the architects of APA Wojciechowski.     Source: Vastint

Warsaw office market waiting for next spectacular lease transactions

After record-breaking 2018, Warsaw office market is catching its breath and getting ready for new spectacular deals and openings. During Q1 2019, three new office buildings were completed and further 775,000 sq m is currently under construction, says global real estate advisory firm Savills.
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