ARTICLES LABELLED WITH TAG Warsaw

In 2020, applications for building permits in Warsaw were pouring in, says Walter Herz. According to the Permits for the Construction of Office Buildings Warsaw 2016-2020 report, last year brought over a 40% increase in the number of filed applications for building permits for facilities offering office space in Warsaw, compared to the previous year.

Zing, the largest paper distributor in Poland, has signed a lease agreement for 20,800 sqm in the multi-let facility at Panattoni Park Warszawa-Konotopa III. Experts from JLL advised Zing on the processes of selecting the location and negotiation of lease terms. 

Warsaw's office sector saw the lowest volume of space under construction in 11 years along with relatively low tenant activity. However, the business services sector provides hope for the future. JLL has summarised the situation in the Warsaw office market at the end of the first quarter of 2021.

7R has acquired land for two new last mile projects in Warsaw locations. The first will be built on Osmańska Street, near Chopin Airport, and the second - on Rzeczna Street in Targówek. 

Wołoska 24, an office building developed by Ghelamco has a new owner. It is a Czech investment fund, ZFP realitní Fond, managed by ZFP Investments which is a subsidiary of Slovakia's IAD Investments. The value of the transaction amounted to over €60 million.

Central Point in Warsaw has now reached its target height of 86 meters. The building, located at the intersection of two subway lines, consists of 21 floors and will offer nearly 20,000 sqm of space. Commercialization of Central Point will be handled by teams from JLL and CBRE on behalf of the owner, Immobel.

Colliers has started a cooperation with Stena Fastigheter and has taken under management Spark B, its office building in Warsaw’s Wola district.

Cushman & Wakefield has won a double mandate to deliver property and asset management for Neopark, an office complex that has been recently acquired by French investment manager Amundi Real Estate. The complex consisting of two office buildings offers a total of 24,600 sqm.

Immofinanz has sold four office buildings in Warsaw to the Indotek Group, a Hungarian real estate firm. The buildings have a total rental space of approximately 45,300 sqm. The sales price amounts to €72.5 million.

MAN Truck & Bus Center, located in Małopole near Warsaw, has been sold by 7R to Interpierre Europe Centrale fund, managed by PAREF Gestion, part of PAREF Group, a global investment and asset management company. The seller was represented by Avison Young's investment team throughout the transaction.