Moje Miejsce II, which is the second office building of Echo Investment’s multifunctional project in Warsaw, was acquired by Trigea Real Estate Fund. The project is fully leased to tenants such as Tchibo or NetWorks and has been awarded BREEAM environmental certificate with an 'Excellent' rating. The transaction amounted to nearly €45 million.
Fuzja is the first Łódź location of CitySpace, an operator of flexible office space. The concept, owned by Echo Investment, will occupy an office building on the site of the former Karol Scheibler plant, where the Fuzja mixed-use project is currently under construction. The location encompassing the entire office building on an exclusive basis is new to CitySpace. MIXD studio is responsible for the interior design. The opening is scheduled for May 2023.
The scale of office projects implemented in Poland today is much smaller than in previous years, and the demand for space is still high, says Walter Herz.
Real estate advisory firm Savills has strengthened its management board in Poland with the appointment of three new members acting as business line directors.
United Benefits Holding is entering the Polish real estate market with the acquisition of the 16,000 sqm Silver Forum office building in Wrocław. The company plans to optimize the property with a focus on ESG standards and mobility, thus leveraging the property’s value-add potential. The price of the asset has not been disclosed.
One of the next buildings of Olivia Center is to serve as an office, and the other as a residential one for long-term rental (so-called PRS). The investor has just received a building permit for both buildings.
2022 was a good, strong year in Poland's office market. After a downturn, it was time for a long-awaited boom in demand. Companies have adapted to new working conditions. Due to the loosening of restrictions related to the Covid-19 pandemic, they have launched a campaign to encourage people to return to their offices. On the other hand, we will see lower development activity in both Warsaw and regional office markets in the coming quarters, which should last until 2024. AXI IMMO summarised 2022 on the Polish office market.
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.
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