The Studio office building, Skanska's latest Warsaw project, is the new - second in the capital - location of the premium flexible office operator. Business Link provides future tenants with nearly 2,900 sqm of modern flexible space with up to 400 workspaces.
Futureal Investment Partners, a member of Futureal Group, has finalized the ESG repositioning of its Wratislavia Tower in Wrocław, Poland. During the process, the building also received a BREEAM Excellent in-use certificate. The retrofitting project followed Futureal's "Office Impact Strategy," whereby older office buildings are being redeveloped to meet modern ESG market standards.
Solida Capital Europe announced the acquisition of the Grójecka 5 office building in the centre of Warsaw, spanning approximately 11,500 gross leasable area. The price has not been disclosed.
Eolus Poland, a renewable energy developer from Sweden, will become one of the tenants of the LIFE Building. It will soon occupy nearly 300 sqm of the office building in Warsaw’s Wola district. JLL Polska, representing VIG Fund, is responsible for the full commercialisation of LIFE Building, while Find Office represented Eolus Poland in the negotiation process.
Bonarka for Business “B4B” has completed 6 leasing transactions in 5 buildings during the final quarter of 2023. These transactions encompass a total GLA of approximately 8,500 square meters and include new leases, renewals and one expansion. Notably, B4B has attracted two new tenants, namely Apollo Investment and Enetecs, who will conduct their operations in Building D and Building F, respectively, while Remi/Holding 1 has signed a new office lease in Building A.
Eolus Poland will join the tenants of Life Building in Warsaw's Wola district. The Swedish-based renewable energy developer will occupy nearly 300 sqm in the office building in April.
Demand for offices in Poland remains high, but there is the least amount of space under construction in over a dozen years. The office real estate market is changing more and more, says Walter Herz.
In 2023, on Poland’s largest eight regional office markets, developers delivered 280,000 sqm (-31% y/y). It’s bringing the sector’s total stock to 6.68 million sqm (+4% y/y). The new supply slightly increased the vacancy rate, stabilizing around 17.5% (+2.2 pp. y/y) at the end of December 2023. The largest concentration of tenant activity was observed in the largest regional office markets, i.e., Kraków, Wrocław, and the Tricity (about 70% of gross demand), where, in total, companies leased about 520,000 sqm out of 750,000 sqm of all signed contracts in 2023, says Axi Immo.
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