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

The Polish branch of global medical device manufacturer Meril is a new tenant at Warsaw’s Oxygen Park office complex, leasing almost 300 sqm of office space on the ground floor of Building B. Meril moved into its new offices in mid-July this year.
C&A is opening of the largest single-level C&A shop in Poland. The outlet will launch in the Blue City shopping centre in Warsaw. The new shop occupies an area of approximately 2,500 sqm.
The Smart Outlet Center in Białystok (eastern Poland) has added new shops - Tedi and Esotiq, which occupy a total of around 900 sqm.

New appointments

Modivo, which is part of the CCC Group, is changing the composition of its board of directors. Marcin Czyczerski was dismissed from the position of president, and his place was taken by Dariusz Miłek. The decision is aimed at improving cooperation between the companies.
Krisztina Enzsöl has joined Knight Frank Hungary as Associate Director in the office division. She has over 24 years’ worth of experience in real estate, being specialised in office leasing. In addition, Enzsöl has extensive knowledge in both tenant and landlord representation.
Beginning of September this year, the Management Board at Avison Young's Polish branch underwent a change, with Monika Bronicka, Director, Head of Valuation and Advisory, Business Development, becoming a Member of the Board.

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