A record-breaking transaction on Lublin’s office market
Santander Bank Polska S.A. has leased nearly 5,000 sq m of office space at CZ Office Park in Lublin. The tenant was represented by Agnieszka Gułaś and Krzysztof Misiak from global real estate services firm Cushman & Wakefield.
Santander Bank Polska S.A. is the second-largest banking institution in Poland in terms of assets under management, offering financial solutions to individuals, micro-, small- and medium-sized enterprises, and Polish and global corporates. It is at the forefront of incorporating cutting-edge technologies into banking services. Since 2011, the bank has been part of the Santander Group, which has built a strong presence on ten key markets across Europe and the Americas.
CZ Office Park A is a modern Class A office and service building of CZ Office Park with a total leasable area of 21,000 sq m. It is located at the junction of Nałęczowska Street and Kraśnicka Avenue, close to Lublin’s key thoroughfares. The project broke ground in 2015 and the whole 80,000 sq m complex is expected to be completed in 2025. The first phase of the project, which saw two office buildings and a seven-floor residential building built, was delivered in 2018.
Source: Cushman and Wakefield
The area of Daszyńskiego roundabout and Towarowa street is the location that gathers the most spectacular projects are under construction in Warsaw today. This is where the new business center of the city is growing. Over the next few years, around a dozen high-rise buildings will be commissioned, most of which will be located in this part of the city.
In the evening of 30th May, during a ceremony at the Danilovsky Event Hall in Moscow, the architectural studio mode:lina received an award in the Best Office Awards 2019 competition in the Best Foreign Interior category for the Brain Embassy design at Postępu St. in Warsaw. It's yet another, after International Media Design Award, price that was given to Brain Embassy by an international jury.
Upfield Polska, a global leader in plant nutrition, and Omron Electronics, a supplier of industrial automation technologies, medical equipment and electronic components moved to the Business Garden Warsaw. The new tenants rented a total of 1,300 m2 office space. After the closing of both transactions, the level of commercialization of the complex at Żwirki i Wigury exceeded 82%.
Anna Szmilewska, Senior Leasing Manager at Vastint Poland says, “Business Garden Warsaw is a unique project on the Warsaw commercial real estate map. It is characterized by an exceptional approach to the quality of the buildings and natural environment. The positive qualities of the space we offer are appreciated by clients, which is evidenced by the fact that the buildings are being leased at a very fast pace. Just a few last offices are remaining to be let.”
Kacper Remiśko and Agnieszka Głuchowska, Office Agency, Cushman & Wakefield says, "In addition to representing Upfield Polska in their office lease transaction, Cushman & Wakefield also advised the tenant on their new head office design and fit-out works. We delivered to the Client an integrated solution through a seamless leasing process within a limited timeframe.”
Business Garden Warsaw consists of seven office buildings with a total leasable area of 90,000 m2. The complex comprises the Sound Garden hotel with a conference centre, restaurant and fitness club. The buildings were created in compliance with sustainability standards. During the construction process significant quantities of materials from local suppliers were used and the buildings were equipped with water and energy-saving systems. Business Garden Warsaw is characterized by a large garden which is located between the buildings and constitutes a friendly leisure and recreation space for tenants. Green areas with biologically active area occupy as much as 60% of the complex area. The buildings achieved the LEED Platinum rating.
Source: Cushman and Wakefield
Landlords of Warsaw’s office buildings don’t want to stand idly as hundreds of thousands of square metres of new office space are coming onto the market in the upcoming months. They will go an extra mile to retain tenants and propose opportunities to renegotiate and extend leases ahead of time, says Kamil Komoński, Senior Advisor at Cresa Poland.
No one disputes that in the world of real estate, the tenant is king. This means that landlords and agents must be tenants-centric in their focus to survive but what happen when the market is so strong that it becomes a landlords market ?
Landlords of Warsaw’s office buildings don’t want to stand idly as hundreds of thousands of square metres of new office space are coming onto the market in the upcoming months. They will go an extra mile to retain tenants and propose opportunities to renegotiate and extend leases ahead of time, says Kamil Komoński, Senior Advisor at Cresa Poland.
The phenomenal growth of the ‘flex’ sector is set to continue apace in years to come, with flexible workspace in EMEA grow by over 50% by 2022 and the number of office workers occupying this space growing to 750,000 across the region. That’s according to global real estate advisor, Colliers International, which released its “Flexible Workspace Outlook Report 2019”.
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