February 17, 2014

CBRE Office Agency gains 25 percent market share in Poland again

CBRE Office Agency gains 25 percent market share in Poland again

CBRE has announced its office agency market share results for 2013. CBRE Office Agency has gained again 25 percent market share in Poland, and number one position for second consecutive year among all local and international real estate agencies in terms of total size of the leased office space.

In 2013 Office Agency – Landlord and Tenant Representation divisions - negotiated the leasing of over 210,000 sqm (compared to 182,000 sqm in 2012) of office space all over Poland.

The largest office transactions conducted by CBRE Tenant Representation Team included the lease of nearly 23,000 sqm for Polkomtel at Konstruktorska Street in Warsaw, Urząd Rejestracji Produktów Leczniczych, Wyrobów Medycznych i Produktów Biobójczych 13,000 sqm in Adgar Park West, and Aegis Media in X2 Boutique (7,500 sqm).

The Landlord Representation Team division represents currently 17 projects totalling 163,000 sqm to be leased in the country. The major instructions include Rondo 1 (66,000 sqm), Ocean Business Park with Atlantic (18,000 sqm) and Pacific (15,600 sqm), Nimbus Office (20,000 sqm), Alchemia in Gdańsk (14,000 sqm), Moniuszki 1A (12,300 sqm), Warta Tower (55,000 sqm) and Pascal (6,100 sqm) in Kraków.

The Landlord Representation Team has advised on the following significant transactions in 2013: DSV leased 3,100 sqm in Ambassador Warsaw, IMS Health signed 2,000 sqm in the Konstruktorska Business Centre, Ipsos has leased 2,200 sqm in Ambassador, Kemira has leased 2,600 sqm in Alchemia.

Office Agency division has been also very active outside Warsaw, completing the most significant deals in Tri-City, Wrocław, Katowice, Kraków, Bydgoszcz, Szczecin and Poznań, including Genpact in Brama Portowa in Szczecin (1,700 sqm), AON Hewitt in Diamante in Kraków (1,650 sqm), Archicom in West Forum Wrocław (3,850 sqm) and SII in Olivia Business Centre in Gdańsk (2,800 sqm).

In 2013 CBRE’s spectacular growth was possible due to its careful recruitment plan which attracted key hires and the best talents in the market. CBRE Office Agency Team consists of 25 highly talented professionals, serving clients all over Poland from Warsaw, Kraków, Wrocław and Tri-City offices.

“Regional markets have again been booming, with the global economic slowdown working in favour of low-cost locations. In coming years we expect a number of corporations to both expand and enter the market, and their space requirements will also grow due to mergers, acquisitions and consolidations. We will also observe more sales and leaseback transactions. Therefore leasing activity should remain high. Current growth of the supply of modern and technologically advanced office buildings is at the same time very advantageous for the changing market. Ready-to-use office space is essential to attract foreign investors, who once they decide upon a location, cannot wait long to move,” said Daniel Bienias, Director of CBRE Office Agency – Tenant Representation & BPO Services.

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