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Office Market News

The south of Poland wins the fight for tenants from the business services sector

Kraków occupies the second place in terms of office space after Warsaw. It also maintains the position of a regional leader in the BPO / SSC sector. However, serious competition is growing. Tenants from the business services sector alongside Kraków are increasingly choosing Wroclaw and Katowice - according to the CBRE report "Poland Office Destinations 2019" dedicated to regional office markets. The advantage of Katowice is the proximity of neighboring cities forming the Silesian agglomeration. Wrocław, on the other hand, provides access to experienced staff specialized in information technology.

Second phase of Business Garden Poznan commissioned

The new office buildings developed by Vastint Poland, located at Pastelowa Street in Poznań, have received an occupancy permit. The scheme which is the second phase of Business Garden consists of five office-service buildings with an area of 46,000 m2 and a free-standing multi-level parking garage. The ambition of Vastint Poland is to acquire the LEED Platinum certificates for all newly constructed buildings of the complex. Michał Wojciechowski, Project Manager at Vastint Poland says, “After 26 months of construction works we completed the second and final phase of Business Garden Poznan. The project was developed in compliance with sustainability standards. The implemented solutions, such as an energy-saving air-conditioning system, optimal access to daylight, the use of high-quality finishing materials and a large share of green areas constituting the extension of common space will ensure comfortable working conditions for almost four thousand new workers.” Magdalena Makuch, Leasing Manager Vastint Poland, says, “One of the trends we presently notice on the labour market is the significant difference in the role of a workplace. In addition to its main role, i.e. to ensure healthy and comfortable working conditions, social aspects are becoming increasingly important. A workplace is expected to serve as a space which stimulates creativity, communication and mobility of workers. Business Garden and the facilities implemented by us perfectly fit into the currently addressed tenants’ needs. We offer not only efficient and flexible office lay-out, but  also a variety of accompanying services, including a kindergarten, canteen, fitness club and medical centre, but also integration places and sport zones with basketball and volleyball playgrounds in the surrounding garden.” Business Garden Poznan is a modern office complex consists of nine class A office buildings of a total leasable area of 88,000 m2 spread over a 6-hectare plot within the streets of Marcelińska, Bułgarska and Łubieńska. Proximity to the airport facilitates traveling for business customers, and the direct vicinity of bus and modernised road system of the newly created Kolorowa and Pastelowa Streets will guarantee workers easy access to the premises. The complex is characterized by low-rise buildings, large share of green areas and a vast range of amenities adjusted to the tenants’ needs. Owing to well-designed floor plans, Business Garden allows effective arrangements of office space, while the scale of the project enables expansion.     Source: Vastint

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Will Warsaw’s office vacancy rate come down?

According to Cresa, Warsaw’s total office stock has risen by more than 3.75% over the year to 5.42 million sqm and the absorption rate is down by 1.4% compared with Q3 2017. The vacancy rate is at 10%.

IMMOBEL sells landmark Cedet building in Poland to Asian funds for EUR 129.5 million

IMMOBEL has sold the Cedet office building, located in central Warsaw (Poland), to a fund managed by GLL Real Estate Partners.

Globalworth Poland to buy two Polish office buildings from Unibail

Globalworth Real Estate Investments’ Polish subsidiary intends to buy two office buildings from Unibail-Rodamco-Westfield for around €190m.

Panattoni Europe delivers e-commerce logistics centre for Amazon of more than 161,500 sqm near Szczecin

Panattoni Europe has just completed one of the most advanced fulfilment centres dedicated to online retail for Amazon. The investment with total useful floor area of 161,500 sqm was built on a 29-hectare site in Kołbaskowo near Szczecin. Warehousing and distribution functions have taken up close to 150,800 sqm, while more than 10,700 sqm are allocated to office and staff facilities.

First lease signed in Nobilis Business House

The Synexus medical centre is to open a clinic in Nobilis Business House - a modern Class A office building which is being developed by Echo Investment in Wrocław.
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