ARTICLES LABELLED WITH TAG Warsaw

19
May
2016

Former UBS Fund disposes of Warsaw office building

by Ákos Budai

Acting in its capacity as advisor for a German depositary bank, who is currently administrating the German Special-AIF UBS (D) Sector 3 Real Estate Europe, UBS Real Estate GmbH has sold the Nova Praga office building in Warsaw to Mazovia Capital. Cushman & Wakefield and Magnusson Law represented the vendor in the transaction. The building will now be known as Mazovia Plaza.

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11
May
2016

Warsaw office market shows rapid growth

by Ákos Budai

According to the latest report by Cushman & Wakefield Q1 2016 saw a rapid growth in the supply of office space in Warsaw, which more than doubled the results for the same period in 2015. Due to the record-breaking levels of supply vacancy rates have increased by 1.9 pps to 14.1%. Although statistics show a fall in net absorption, this is probably a temporary decrease in the light of last year’s exceptionally high growth. Cushman & Wakefield expects the office market to continue its growth in the remaining months of 2016, with pipeline supply estimated at 330,000 sq m.

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Latest news

New leases

American company Bechtel, which is to build the first nuclear power plant in Poland, has chosen Equator IV in Warsaw, an office building in CPI Property Group’s portfolio, to be the location of the head office of its Polish branch. The company’s offices have an area of 1,600 sqm.
The Polish branch of Maersk, a company operating in the logistics sector, has moved into the P180 office building in Warsaw, developed on Pulawska Street by Skanska.
The Labour Office of the City of Warsaw has leased more than 3,700 sqm in the Renaissance Plaza office building at 18/20 Kasprzaka Street in Warsaw's Wola district. The building is owned by the Adventum Group fund.

New appointments

Piotr Herian has taken up the position of ISS CFO for Poland and the Baltics. ISS is a leading company in the creation of friendly workplaces and comprehensive facilities management.
Paulina Strutyńska has been promoted to the position of Leasing & Asset Director at Skanska’s commercial development business unit. She is now responsible for leasing processes in the Warsaw market as well as Key Customer Management. Agnieszka Krawczyk-Rogowska is responsible for project commercialization and client liaison in Gdańsk, Kraków, and Bucharest, while Marek Stasieńko is responsible for the Wrocław, Poznań, and Łódź markets.
The Supervisory Board of Globe Trade Centre S.A. has appointed Balázs Gosztonyi as a member of the Management Board of GTC S.A. Balázs Gosztonyi has held the position of Chief Financial Officer at GTC Hungary since January 2024. He joined GTC Group in September 2023 as Group Controlling Director.

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