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.
It’s hard to keep up with trends as it takes several years to complete an office project from its design to actual delivery. The office market is however doing its best to keep up with changing trends and workstyles by offering bespoke tenant solutions.
According to „Occupier economics: Office market in Wroclaw Q1 2019”, a report published by real estate advisory firm Cresa, Wrocław’s office stock has increased by more than 13% over the year to the current 1.07 million sqm. Although the first three months saw only one completion: City Forum: City One (11,200 sqm, Archicom), by the end of the year additional nine office buildings will be built.
Vantage Development is launching a new project: offices serviced with the WORKO coworking space. The ceremonial opening took place on June 6, and the event was attended by representatives of the start-ups, journalists, contractors and employees of Vantage Development.
A mere 772 million euro - this is what the total volume of transactions completed in Q1 2019 on the domestic commercial property market came to. However, experts at BNP Paribas Real Estate Poland stress that the figure should not be seen as a cause for concern as the market is experiencing great interest from investors willing to invest in Poland’s commercial properties.
Krakow’s office stock has increased by more than 15% over the year to more than 1.3 million sqm at the end of Q1 2019. According to “Occupier Economics: Office Market in Krakow Q1 2019”, a report published by real estate advisory firm Cresa, the capital city of Lesser Poland continues to attract tenants and this trend is likely to carry on into the near future given the economic and cultural potential.
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.
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