Coffee with Craig Show – daily CRE news covering the CEE region, Tuesday, February 7, with Winston Norman, Editor and Chief of EuropaProperty.com.
AT Capital Group plans office tower in Warsaw
Savills advised AT Capital Group on the acquisition of a development plot at the junction of Grzybowska and Żelazna streets in Warsaw.
Hywel Phillip, director of the AT Capital Group, said “We are delighted to have completed our first investment in Poland. Poland is an attractive market for real estate investment with great growth potential.”
Given current market conditions, AT Capital Group is considering the development of the Liberty Tower plot as a mixed-use commercial and residential complex within a 140-metre-high tower.
“This transaction illustrates the growing importance of mixed-use developments in the Polish investment market,” said Kamil Kowa, Board Member, Head of Corporate Finance and Valuation, at Savills Poland.
Skyliner office building almost at full occupancy
The Skyliner office building in Warsaw developed Karimpol Polska signed almost 22,200 sqm of leases in 2022. The occupancy of the building has now reached 80 percent.
One of the largest spaces in the Skyliner is occupied by Mindspace, a global operator of boutique flex office spaces. Skyliner also appeals to technology and IT companies. MicroStrategy, DXC Technology, Luxoft, and Capital.com have recently been joined by three more brands that decided to open their headquarters there.
Two iconic and well-known brands have also opted for the development, Coca-Cola Polska and the Polish branch of Mattel have also taken up substantial leases in the building.
“We are delighted that the Skyliner, the focal point of the dynamically developing district of Wola, is favoured by many internationally known and renowned companies,” said Jarosław Prawicki, Executive Director at Karimpol Polska.
CBRE Poland has brokered the lease of all spaces.
Kajima to carry out phase 1 of City Point Targówek Redevelopment
Peakside Capital Advisors has selected Kajima Poland for the phase 1 redevelopment of the City Point Targówek urban logistics park. Ultimately City Point Targówek is to provide nearly 100,000 sqm of warehouse and office space, meeting the highest standards in sustainability. Handover of the first building to tenants is expected to take place by the end of this year.
Wojciech Zielecki, Director of Project Management at Peakside Capital Advisors in Poland said: “Cooperation with such a partner will allow us to deliver modern and environmentally friendly logistics and industrial space to our tenants. Kajima Poland is the professional partner we have chosen to carry out comprehensive construction works for the first phase in the park”
Regional cities overtake Warsaw office market
According to “Office Occupier: Office Market in Regions”, a report published by Newmark Polska, in 2022 Poland’s regional city markets overtook Warsaw in terms of total modern office stock.
“Leasing activity bounced back, with tenants largely seeking offices featuring modern technologies that optimize office lease expenses and bring long-term savings,” says Anna Osiecka, Associate Director, of Office Tenant Representation, Newmark Polska.
At the end of Q4 2022, the combined office stock of Poland’s eight largest regional city markets (Krakow, Wrocław, Tricity, Katowice, Poznań, Łódź, Lublin, and Szczecin) was around 6.4 million sqm, surpassing that of the capital by nearly 3%.
Greenberg Traurig advises Trigea on the acquisition of logistics park in Wrocław
Greenberg Traurig advised Trigea Nemovitostni Fond on the acquisition of a warehouse park located in Wrocław.
The logistics property developed by Panattoni comprises two fully leased warehouse buildings with a total lease area of 38,178 sqm.
“Congratulations to Trigea on the completion of another acquisition in the logistics sector,” said Radomił Charzyński, Deputy Managing Partner at the Warsaw office of Greenberg Traurig.