Coffee with Craig Show – daily CRE news covering the CEE region, Wednesday, November 23, with Winston Norman, Editor and Chief of EuropaProperty.com.
Strabag to replace Atrium in Warsaw with offices and hotel
Strabag Real Estate has announced the development of Upper One, an office and hotel complex at the junction of ul. Grzybowska and Jana Pawła II in Warsaw. It will replace the out-of-use Atrium International office building.
The project, involving the construction of a 34-storey high-rise building and a 17-storey hotel, will be completed in 2026. Upper One will offer around 36,000 sqm of office space and approx. 11 thousand sqm. GLA of hotel space. The developer has already received demolition and building permits. The first step in the project will be the dismantling and demolition of the Atrium International office building – work will begin in Q1 2023.
“For Strabag Real Estate, this is an extremely important and exciting moment. As a developer, we are offering Warsaw a building that is modern in terms of architecture, design and approach to technology in an extremely attractive but also symbolic location”, said Łukasz Ciesielski, Managing Director of Strabag Real Estate Poland
The quality and accessibility of Upper One will be confirmed by three different certifications – LEED Platinum, WELL Building Standard and Obiekt bez barier (Barrier Free Facility) of the Integration Foundation.
Sollers Consulting opens an office in Wrocław
Sollers Consulting will open a branch in Wrocław. Its new 1,200 sqm office will be located in Dubois 41. The tenant was represented in the transaction by the real estate advisory firm Savills, and the landlord was represented by CBRE.
Sollers Consulting is an international IT operational advisory and software integrator. Established in 2000, the company supports insurers, banks, and leasing firms in business transformations and adapting to modern technologies.
“The opening of the office in Wrocław is part of our long-term strategy. Our local team has so far worked in a co-working space. To accommodate the growth of our business, we want to build our own offices, especially in locations where we see huge potential – Wrocław is one of them,” says Marcin Pluta, Managing Partner and Cofounder of Sollers Consulting.
The owner of Dubois 41 is a German-based HIH Real Estate fund, which was represented in the transaction by CBRE. Malte Wallschläger, Head of Asset Management International at HIH Real Estate, said “We are sure that we will accommodate the tenant’s needs on regular basis and that we can strengthen our relationship for the next year through proactive management.”
Ideal Idea’s newest business park is fully commercialized
The new SBU facility now being built adjacent to the Wrocław airport is the latest development by Ideal Idea. The project quickly won recognition from the market, and as a result, City Park Wrocław II is fully let long before the completion of construction.
“Flexible space, modern solutions, and the highest fit-out standards offered in the SBU facilities from Ideal Idea perfectly suit the current needs of the market. The commercialization process for City Park Wrocław II was the fastest in our company’s history,” said Justyna Markowska, management board member at Ideal Idea. “Currently, we are also implementing an investment in Poznań, which will offer Tenants over 17,000 sqm of new space.”
Andrzej Dużyński, CEO of Ideal Idea, commented: “The rapidly evolving business reality, including the growing costs of maintaining offices in city centres, has driven companies to seek options for sharing warehouse and office functions.”
Completion of construction and commencement of occupancy of the new City Park Wrocław II is planned for the end of the 1st quarter and the beginning of the 2nd quarter of 2023.
Galleria Tbilisi awarded with Shore Gold Certificate
Galleria Tbilisi continues to strengthen its shopping centre as a safe and commercial shopping centre and was yet again awarded SHORE Gold certification.
For the second year, Galleria Tbilisi, Georgia, has been awarded the SHORE (Safe Hospitality, Office, Retail, Environments) gold-level certificate issued by Safe Asset Group, ensuring the highest international operating standards and a safe environment in the shopping centre. Receiving the Gold status of the Shore Certificate confirms that the shopping centre meets the highest standards of operational risks and provides a safe environment for visitors, tenants, and staff.
During the process, operational governance and resilience are assessed. Areas such as property management systems&governance, business continuity, and the management of tenants and visitors were verified on-site at the shopping centre.
SHORE Certification is the unparalleled globally acknowledged evaluation and certification for operational risk, resilience, and governance of property portfolios and individual assets. SHORE is an acronym for SAFE Hospitality, Office, Retail, and Exhibitions.