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Office Market News

Cube Office Park in Gdańsk gets a green makover

CUBE Office Park in Gdansk is currently going through a green transformation process. The refurbishment of the reception lobby in building A, which was completed last year, is just a glimpse of what tenants may expect in the near future. CUBE Office Park is managed by TFG Asset Management while real estate advisory firm Savills is the sole letting agent for office space in the complex.

Warsaw office market enjoys high letting activity

In 2022, the Warsaw office market recorded one of the highest levels of demand in history at over 860,000 sqm, with its structure including a preponderance of new leases and relocations, as well as expansions over renegotiations. According to the consulting firm Savills, despite the fact that nominal rents are stable and rising mainly due to indexation, service charges, which represent an increasing proportion of the total rental costs.

Investments with demolition in the background

Investors are looking for projects that can ensure a good profit. Will we soon see a flood of investments based on changing the function of existing real estate on developed land?

KIDS&Co. will open a kindergarten in Silesia Star

The Silesia Star office building, owned by Globalworth, will house a bilingual KIDS&Co. kindergarten with a nursery section. It will be the first facility of this network in Katowice. The facility will be available to parents from the autumn of this year.

Echo Investment sums up the year 2022 with good office results

Six office buildings sold, another five buildings with occupancy permits, nearly 45,000 sqm of offices leased, the development of the food & beverage segment and the strengthening of the diverse offer of Libero Katowice and Galeria Młociny - these are the developer's key commercial sector successes in 2022.

Real Management sells Bolero Office Point 2 in Warsaw

Real Management S.A. has closed the sale of the office and technology building Bolero Office Point 2, located at 4 Równoległa Street in Warsaw. The building has been acquired by Interpierre Europe Centrale, an SCPI managed by PAREF Gestion. The price has not been disclosed.

Law firms bnt and BSJP merge in Poland

bnt attorneys in CEE, an international business law firm with 10 offices in Central and Eastern Europe, and BSJP, one of Poland’s full-service legal practices, have teamed up to create a legal powerhouse. The new firm will operate under the combined brand of BSJP | bnt in Poland.

Office demand in Warsaw returns to levels similar to 2019

The Warsaw office market saw a shrinking volume of space under construction and increasing pressure on rents in 2022. However, according to the latest report by Cushman & Wakefield, the capital's market could see a significant tenant recovery as contracts signed in the record period of 2018-2019 come up for renewal.

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Dawid Jusupović

+48 79 508 5495

Natalia Hyla

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