Łódź’s office market has been well-balanced in terms of demand and supply for several years. According to „Occupier economics: Office market in Łódź Q1 2019”, a report published by real estate advisory firm Cresa, the office stock of the Łódź market has increased by nearly 8% year-on-year and amounted to 471,200 sqm at the end of Q1 2019. Take-up in the first quarter of 2019 reached 15,100 sqm, up more than 50% on the same period in 2018.
Skanska will build 1 900 m2 of pavement made of the so-called "green concrete", which cleans the air from harmful substances from car exhaust fumes, around the third and fourth building of the High5ive complex in Krakow. The first part of the pavement will be commissioned later this year.
A symbolic cornerstone for the construction of Fuzja - a unique piece of Łódź that will combine modern urban functions and historical past of Księży Młyn, was laid by Hanna Zdanowska – the Mayor of Łódź and Nicklas Lindberg – CEO at Echo Investment - an investor and developer of the project. The ceremony was also attended by Przemysław Łukasik and Łukasz Zagała - architects of Medusa Group, who developed the urban and architectural concept of the entire project.
Łódź is the seventh office market in the country. Today, the city enjoys large city-forming development and mixded-use projects in which the historical buildings of old factories are revitalized. Hence, Łódź offers many interesting loft spaces.
In the revitalized old Norblin factory, nearly 40 percent of the entire area has been already leased. Credit financing granted to the project by Pekao SA bank (99.3 million euro) and the European Investment Bank (60 million euro) was also launched, which together with the own funds of Capital Park Group, the project investor, will fully cover the costs of its construction.
Vastint Poland has received a building permit for the first part of the second stage of Gdynia Waterfront. The scope of work covered by the permit concerns the development of four buildings with underground garages with a total area of 44,000 m2. Two office buildings to be built along the frontage of Waszyngtona Street will provide 14,500 m2 of rentable space, while the next two buildings located in the second building line will house 126 apartments. The expected construction works will start in the spring of 2020.
We want to be wherever our clients are. That’s Cresa’s strategy. We talk a lot to our business partners we advise on the real estate market. They plan to expand into new locations and we want to accompany them on their journey, says Piotr Kaszyński, Managing Partner, Cresa Poland.
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