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No. 009-010 / 14th April 2014 / www.poland-today.pl / magazine,
conferences, portal, newsletter
Newsletter Editor: Adam Zdrodowski
[email protected]
tel. +48 504 182 308
OFFICE Wisher Enterprise will develop a new office project in
downtown Warsaw page 2 Owners are planning to thoroughly refurbish
K1, the tallest office building in Krakw page 3
RETAIL Warsaw has room for more retail projects, said
participants in the Primetime Warsaw II conference organized by
Poland Today earlier this month page 3
RESIDENTIAL The largest Warsaw Stock Exchange-listed residential
developers have reported very good Q1 apartment sales results page
4
LOGISTICS Prologis is developing a new speculative project near
Wrocaw page 5
INTERVIEW Poland Today talks to Filippo Rean, head of MIPIM
markets at Reed MIDEM page 5
LATEST LEASE DEALS IN BRIEF Recent lease transactions in the
office, retail and warehouse sectors page 7
COMING & GOING Joerg Kreindl, CBRE page 7
Facts &Figures Largest completions, largest lease deals and
rents in the commercial property market in 2013 page 8
The complex will neighbor the Warsaw Spire site Photo: Skanska
Property Poland
SkanskaSkanskaSkanskaSkanska unveils Generation Park
projectunveils Generation Park projectunveils Generation Park
projectunveils Generation Park project Developer Skanska Property
Poland has revealed the architec-tural design of the planned
Generation Park office project in downtown Warsaw, the largest
scheme in the portfolio of the company page 2
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weekly newsletter # 009-010 / 14th April 2014 / page 2
OFFICE
Skanska unveils design Skanska unveils design Skanska unveils
design Skanska unveils design of its largest office of its largest
office of its largest office of its largest office investment in
Polandinvestment in Polandinvestment in Polandinvestment in
Poland
The Generation Park project will comprise approx-imately 80,000
sqm of leasable office space Image: Skanska Property Poland
Developer Skanska Property Poland has revealed the architectural
design of its planned Generation Park office project in Warsaw. The
scheme will be the largest investment to have ever been developed
by the company. Designed by the renowned JEMS
Architekci architectural studio, the development will be located
near the Daszyskiego Roundabout in the Wola district of the Polish
capital, on a plot neighbouring the ongoing Warsaw Spire project
which is being built by Ghelamco. Skanska Property Poland acquired
the developed 13,000-sqm site, which is conveniently located just
next to a new second metro line stop, due to be completed later
this year, from Ruch in 2012. Cur-rently the developer is
continuing the demolition of a number of warehouse and office
buildings stand-ing on the plot in question and is waiting for the
Warsaw authorities to issue a building permit for the planned
complex. The Generation Park project will comprise three of-fice
buildings, including one 140-metre skyscraper. The scheme will
deliver a total of approximately 80,000 sqm of leasable office
space. Skanska Prop-erty Poland hopes to be able to launch
construction on the development in the upcoming months. The first
building in the park, which will be built by con-struction company
Skanska, is scheduled to be completed in the first quarter of
2016.
OFFICE
Wisher Enterprise to Wisher Enterprise to Wisher Enterprise to
Wisher Enterprise to build new office build new office build new
office build new office project in Warsawproject in Warsawproject
in Warsawproject in Warsaw
Developer Wisher Enterprise will soon launch con-struction on a
new office project in downtown War-saw which will be located on ul.
Grzybowska in the Wola district of the Polish capital. The company
is going to start building the scheme, which will be
developed on a plot neighbouring the existing The Mint of Poland
building, within the next few weeks and hopes to deliver the
development at the turn of the second and the third quarter of next
year. Wisher Enterprise, known for the ongoing Silver Tower office
and hotel investment in downtown Wrocaw, is currently in the
process of selecting a general contractor for its new Warsaw
project. The scheme will feature 13 storeys and will comprise
almost 11,000 sqm of leasable space. Cushman & Wakefield
experts designed the development and secured the building permit
for it.
The scheme will be developed on a site neigh-bouring the Mint of
Poland building Image: Cushman & Wakefield
Several other new office investments are expected to be
developed on ul. Grzybowska in the upcoming years. Developer Golub
GetHouse has just launched construction on its Prime Corporate
Center project that will deliver approximately 20,000 sqm of
leas-
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weekly newsletter # 009-010 / 14th April 2014 / page 3
able office space. Another site in the same street, on which an
office scheme with around 16,700 sqm of leasable space can be
developed, is expected to be acquired by a major developer in the
near future, with Colliers International being involved in the
selling process. The area of ul. Grzybowska is an established
loca-tion in the Warsaw office market and the delivery of the
second metro line will further strengthen its status, said Bolesaw
Koodziejczyk, senior consult-ant, valuation and consultancy, at
Cushman & Wakefield. He added that more than 135,000 sqm of
office space is currently under construction in the so-called near
Wola area. The continued large tenant interest in that part of
Warsaw should enable the launching of new projects in the near
future, Koodziejczyk said.
OFFICE
Tallest office building Tallest office building Tallest office
building Tallest office building in Krakw in for major in Krakw in
for major in Krakw in for major in Krakw in for major
refurbishmentrefurbishmentrefurbishmentrefurbishment
Pramerica Real Estate Investors and WX Manage-ment Services,
part of the Austrian group Warim-pex, are going to start
refurbishing K1, the tallest of-fice building in Krakw, later this
month. Formerly known as Bkitek, the building stands 76 metres tall
and is a landmark of the Krakw skyline. The refurbishment of the
structure, which comprises 12,800 sqm of leasable space, is
scheduled to finish in October this year. The refurbishment works
will put the building back on the Krakw office map, making it one
of the
most interesting office locations in Krakw, Chris-tian Fojtl,
managing director at WX Management Services, said in a statement.
The architectural de-sign of the refurbishment of the K1 building
has been prepared by the international architectural studio Rolfe
Judd. JLL is responsible for the com-mercialization of the
property.
A night view of Krakw with the K1 building in the background
Image: JLL
RETAIL
Warsaw with room for Warsaw with room for Warsaw with room for
Warsaw with room for new shopping centre new shopping centre new
shopping centre new shopping centre
projectsprojectsprojectsprojects
The Polish capital still offers opportunities for the
development of new shopping centres, said partici-pants in the
Primetime Warsaw II conference which Poland Today organized in the
city earlier this month. Also the high-street retail in Warsaw has
much potential for further development in the upcoming years, but a
number of major hurdles are
yet to be cleared, the participants in the conference said.
There is much room for malls in Warsaw but the municipal
authorities have to decide where the fu-ture shopping centres
should be located, said Leszek Sikora, managing director at ECE
Pro-jektmanagement Polska. Is has been a long time since a new
large-scale shopping centre was last developed in Warsaw, Sikora
said. Piotr Go-dziewicz, director of capital market CEE at BNP
Paribas Real Estate, pointed out that the Polish capital has one of
the lowest shopping centre pene-tration rates among the largest
cities in Poland. Admittedly, Warsaw Stock Exchange-listed
devel-oper Globe Trade Centre is now planning two large shopping
centre projects in Warsaw, but it is not known yet when exactly the
company will be able to launch construction on them. The schemes,
called Galeria Wilanw and Galeria Pnocna, will respectively be
located in the Wilanw and Bia-oka districts of Warsaw in which many
new housing estates have been developed in recent years.
Poland Today held its Primetime Warsaw II con-ference in the
Polish capital earlier this month Image: Poland Today
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weekly newsletter # 009-010 / 14th April 2014 / page 4
Vice Mayor of Warsaw Micha Olszewski (right) speaking at the
Primetime Warsaw II conference
Image: Poland Today
Meanwhile, there could soon emerge an opportu-nity for the
development of a new large-scale retail project in downtown Warsaw.
PKP is now planning the redevelopment of the ten-hectare Warszawa
Gwna site that houses a former railway station and a museum,
Jarosaw Bator, managing director for real estate at the company,
said. Jarosaw Zagrski, commercial and business development
di-rector at Ghelamco, stressed that the developers of the new
malls should make sure that their centres offer something different
from the existing retail of-fer in Warsaw. Ghelamco itself will not
be develop-ing malls, but will rather focus on small conven-ience
centres, he said.
During a panel discussion devoted to the high-street retail in
Warsaw, the participants discussed the various factors hindering
the development of that sector of the market. Marta Machus-Burek,
di-rector at Colliers International, mentioned owner-ship and legal
issues, property claims and the lack of sufficiently large retail
units as some of the major problems faced by the high streets in
Warsaw.
Piotr Krawczyski, managing director, board mem-ber, at Kulczyk
Silverstein Properties, pointed to management problems. It is much
easier to manage a shopping centre than a high street in which the
properties belong to many owners, he noted. Ac-cording to Micha
Olszewski, the Vice Mayor of Warsaw, solving the ownership issues
will take many years. However, he was convinced that the downtown
of Warsaw, as well as the Praga area which Warsaw City Hall plans
to revitalize, have big high-street potential.
RESIDENTIAL
Largest developers Largest developers Largest developers Largest
developers reporting reporting reporting reporting very very very
very good Q1 good Q1 good Q1 good Q1 sales resultssales
resultssales resultssales results
Supervisory board president Kazanelson: Robyg could sell more
than 2,000 apartments this year
Image: Robyg
The two largest Warsaw Stock Exchange-listed residential
developers active in the Polish market have recently reported very
good apartment sales results for the first quarter of this year.
The housing giants Robyg and Dom Development, which respec-tively
offloaded 1,731 and 1,605 apartments last year, both saw their
apartment sales improve y/y in the first quarter of 2014.
Dom Development president Jarosaw Szanajca, described Q1 as a
good period for developers Image: Dom Development
Robyg sold a record 576 apartments in Warsaw and Gdask, the two
cities in which it is active, in the first quarter of 2014, which
marked an over 90% in-crease over the same period of last year. The
com-pany hopes to continue this trend in the upcoming months and
sell a total of more than 2,000 housing units in 2014, said Oscar
Kazanelson, president of the supervisory board at Robyg. For its
part, Dom Development sold a combined 400 housing units in Warsaw
and Wrocaw in Q1 2014, which would mean an 18% increase over
the
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weekly newsletter # 009-010 / 14th April 2014 / page 5
same period of last year, according to preliminary data
published by the company. Even though the first quarter of this
year did not bring record sales of new apartments, Dom Development
views it as a successful period for the industry, Jarosaw
Szana-jca, president of the management board at the com-pany, said
in a statement. Also the other Warsaw Stock Exchange-listed
resi-dential developed have shown good Q1 apartment sales results.
Admittedly, they were slightly worse than in Q4 2013 but much
better than in Q1 2013. The aggregate sales results of eight major
listed de-velopers Budimex Nieruchomoci, Dom Devel-opment, Inpro,
JW Construction, Marvipol, Pol-nord, Robyg and Ronson increased by
63% y/y in the first quarter of this year, according to DM BZ WBK
data.
LOGISTICS
Prologis developing Prologis developing Prologis developing
Prologis developing new speculative new speculative new speculative
new speculative project near Wrocawproject near Wrocawproject near
Wrocawproject near Wrocaw
Distribution space developer and manager Prologis has launched
construction on a new speculative project near Wrocaw that
constitutes the last phase of its Prologis Park Wrocaw III park.
The scheme will comprise 18,240 sqm of space, of which 6,800 sqm
has already been pre-leased to Neuca and Metalcom, and is scheduled
to be completed in the third quarter of this year. For many months
now we have been witnessing increasing demand for modern warehouse
space in the Wrocaw area, Ewa Zawadzka, vice president,
head of development, at Prologis in Poland, said in a statement.
Prologis Park Wrocaw III is located seven kilometres to the
south-east of Wrocaw and comprises a total of more than 130,000 sqm
of space. The park is currently more than 90% leased out.
The new development will be the last phase of the Prologis Park
Wrocaw III park Image: Prologis
INTERVIEW
International inInternational inInternational inInternational
investors vestors vestors vestors increasingly active increasingly
active increasingly active increasingly active across Europeacross
Europeacross Europeacross Europe
Poland Today talks to Filippo Rean, head of MIPIM markets at
Reed MIDEM, about the latest edition of the MIPIM annual
international property fair in Cannes, France, and the plans of the
organizers for the upcoming years. Poland Today: TPoland Today:
TPoland Today: TPoland Today: The attendance at MIPIM usually he
attendance at MIPIM usually he attendance at MIPIM usually he
attendance at MIPIM usually well reflects the overall situation in
the global well reflects the overall situation in the global well
reflects the overall situation in the global well reflects the
overall situation in the global
real estate markets. Judging by how the latest real estate
markets. Judging by how the latest real estate markets. Judging by
how the latest real estate markets. Judging by how the latest
edition of the fair went, what is the market seedition of the fair
went, what is the market seedition of the fair went, what is the
market seedition of the fair went, what is the market
sen-n-n-n-timent right now?timent right now?timent right now?timent
right now? Filippo Rean: Filippo Rean: Filippo Rean: Filippo Rean:
This 25
th edition reflected markets positive mood and showed signs that
the post-2008 distressed territories, particularly in Southern
Eu-rope, are coming back into favour with investors. This was
visible at MIPIM with, for example, the extended presence of Spain
in the MIPIM exhibi-tion area, with private and public companies
from Madrid, Barcelona and the Catalonia Region. Investors confirm
their strong interest in real estate assets. For example, they have
accelerated their ac-tivities in the Central European markets and
more particularly in Poland. Beyond the question of in-vesting in
Europe, or in an individual country, they are now considering the
attractiveness of cities and sectors within countries. Also Asian
investors are taking an increasingly international approach and
several deals and joint ventures were announced during this MIPIM.
Which trends concerning the Polish presence at Which trends
concerning the Polish presence at Which trends concerning the
Polish presence at Which trends concerning the Polish presence at
MIPIM could be seen this year?MIPIM could be seen this year?MIPIM
could be seen this year?MIPIM could be seen this year? The general
feedback from the Polish cities and companies at MIPIM is very
positive. All major Polish cities, including Warsaw, d, Krakw,
Wrocaw, Pozna, Gdask and Katowice exhibited at MIPIM with their
partners, highlighting the leading role of these cities in
supporting the proper-ty sector with ambitious long-term projects.
New Polish exhibitors such as Konin, Zielona Gra and Lublin,
together with the Lublin Region, also at-tended MIPIM this year. [A
number of] ambitious Polish projects were showcased this year,
among them a new section of the Warsaw metro, the largest local
government in-
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weekly newsletter # 009-010 / 14th April 2014 / page 6
vestment in Poland. The Polish real estate invest-ment volume
hit a record level in 2013, according to the Polish Real Estate
Report recently published by Cushman & Wakefield. With a stable
economy, Po-land remains an attractive investment destination in
Europe. MIPIM this year celebrates the 25MIPIM this year celebrates
the 25MIPIM this year celebrates the 25MIPIM this year celebrates
the 25
thththth aaaannnnniversary niversary niversary niversary of its
existence. How has the event changed over of its existence. How has
the event changed over of its existence. How has the event changed
over of its existence. How has the event changed over the period,
both in terms of its scale and its fothe period, both in terms of
its scale and its fothe period, both in terms of its scale and its
fothe period, both in terms of its scale and its
for-r-r-r-mula?mula?mula?mula? The first MIPIM took place in 1990
in a completely different economic environment. When MIPIM was
created, it was a very innovative idea to launch a trade fair based
on the globalisation of real estate investment. At that time, the
property industry was still very local with few international
investors. MIPIM certainly helped to accelerate the globalisa-tion
of real estate investment as it gathered together the key actors in
the industry from all over the world. It contributed to the opening
of the market by welcoming each year new participants from
countries which were still new for the real estate industry. MIPIM
kept adapting to the new economic context and focusing on the best
way to meet clients re-quirements. A lot of initiatives have been
undertak-en in this way, like, for example, the recent pro-grams
dedicated to the specific growing segments such as logistics,
sports, health care real estate, and the focus on innovation in
real estate with the crea-tion of the MIPIM Innovation Forum. We
know that good decisions start with good information, and thats the
reason why the conference program has also been reinforced to offer
a comprehensive overview of the industry so that the participants
can have a clear vision to facilitate a more thorough
un-derstanding of the future.
Poland Today talks to: Filippo Rean, head of MIPIM mar-kets at
Reed MIDEM What areWhat areWhat areWhat are your goals and
priorities when it comes your goals and priorities when it comes
your goals and priorities when it comes your goals and priorities
when it comes to the further development of MIPIM in the uto the
further development of MIPIM in the uto the further development of
MIPIM in the uto the further development of MIPIM in the
up-p-p-p-coming years?coming years?coming years?coming years?
Changes in the financing of buildings, end-user ex-pectations,
increasing urbanization, and the diversi-fication strategies of
investors will have an impact on the real estate industry and,
therefore, on MIPIM. My main priority for the further develop-ment
of MIPIM now and in a few years to come, is to bring MIPIM in line
with the expectations and needs of our clients. I am convinced that
in the cur-rent changing real estate environment, MIPIM can play a
strategic role in allowing real estate profes-sionals to meet,
discuss and exchange ideas on the different ways of facing
challenges and boosting
their development. All my efforts and these of the MIPIM team
are focusing on this goal. October 2014 will see the first edition
of MIPIM UK, the first property trade show in the UK. This event
will bring together over 3,000 decision mak-ers from all sectors of
real estate and provide the first forum of its kind for
professionals looking to close deals across all major sectors of
the UK real estate market. It targets the leading real estate
deci-sion-makers operating on the national, regional and local
level in cities throughout England, Northern Ireland, Scotland and
Wales. Like MIPIM in Cannes, it will showcase projects and give
up-to-date insight into the market via a large exhibition area, a
conference program and a number of UK-specific networking
opportunities. What are some of the challenges which the oWhat are
some of the challenges which the oWhat are some of the challenges
which the oWhat are some of the challenges which the
or-r-r-r-ganization ofganization ofganization ofganization of the
fair is now facing or could face the fair is now facing or could
face the fair is now facing or could face the fair is now facing or
could face in the near fin the near fin the near fin the near
fuuuuture?ture?ture?ture? Innovation is a continuing challenge for
our events: innovation in the products we sell to our clients to
enhance their visibility, innovation in our custom-ers services to
make our shows at the same time more efficient and easier to
handle, innovation in our events to keep following or even
anticipating new trends and evolutions in the industries we are
dealing with.
FILIPPO REAN Filippo Rean joined Reed MIDEM as Director of MIPIM
and MIPIM Asia in 2010. Prior to that, he was European Head of
Product Development for the investment man-agement business at GE
Capital Real Estate. Rean has an engineering degree from the
Politecnico di Torino and an MBA degree from Harvard Business
School.
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weekly newsletter # 009-010 / 14th April 2014 / page 7
LATEST LEASE DEALS IN BRIEF
The Park Rozwoju complex in Warsaw Image: Echo Investment
AXI IMMO has recently represented three clients who have leased
a total of almost 6,500 sqm of modern warehouse and office space at
logistics cen-tres in Warsaw and in Bonie near the Polish capi-tal.
Kurier Kurier Kurier Kurier and Pcms Pcms Pcms Pcms have leased a
total of ap-proximately 4,350 sqm at Europolis Park Bonie, and
NUAIR PolskaNUAIR PolskaNUAIR PolskaNUAIR Polska has extended its
lease agree-ment for over 2,000 sqm at Distribution Park Okcie.
Galeria Bursztynowa in Ostroka Image: Cushman &
Wakefield
EricssonEricssonEricssonEricsson, a global supplier of
technology and ser-vices for telecommunication operators, has
leased 3,600 sqm of office space at the Park Rozwoju pro-ject that
Warsaw Stock Exchange-listed Echo In-vestment is currently
developing in the Mokotw district of the Polish capital. The scheme
will com-prise two buildings offering a combined 32,000 sqm of
leasable space. The second phase of the invest-ment is scheduled
for completion in the second quarter of next year.
The Outlet Center in Lublin Image: CBRE
4F4F4F4F, GreenpointGreenpointGreenpointGreenpoint, Triumph
Triumph Triumph Triumph and TTTT----mobile mobile mobile mobile
have leased a total of more than 300 sqm of retail space at the
Galeria Bursztynowa shopping centre project which investor Narev
Inwestycje is now building in Ostroka in north-eastern Poland. The
Galeria Bursztynowa scheme is scheduled to open for busi-ness next
month. It will comprise approximately 27,000 sqm of leasable retail
space which will house around 60 stores.
Sportswear brand 4F 4F 4F 4F has leased 160 sqm of retail space
at the Outlet Center project which Outlet Center Retail Management,
part of the ADV Por Property Investment group, is now developing in
Lublin in south-eastern Poland. The Outlet Center
scheme in Lublin will comprise 12,500 sqm of leas-able space and
will house approximately 100 stores. The investment is scheduled to
be completed in the fourth quarter of this year.
COMING & GOING
Joerg KreindlJoerg KreindlJoerg KreindlJoerg Kreindl
Joerg Kreindl has been appointed as Head of Indus-trial and
Logistics, Central and Eastern Europe, at CBRE. He will be focusing
exclusively on the ex-pansion and relocation of large-scale
industrial oc-cupiers in the region. Kreindl has been coordinating
the CEE Occupier Services business lines at CBRE out of the Warsaw
office of the company for the last three years. Earlier he
established and managed the Slovak office of CBRE for six
years.
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weekly newsletter # 009-010/ 14th April 2014 / page 8
FACTS & FIGURES
LaLaLaLargest industrialrgest industrialrgest industrialrgest
industrial projects delivered in 2013projects delivered in
2013projects delivered in 2013projects delivered in 2013
Location Project Developer Area
(sqm)
Wrocaw Panattoni BTS Lear Panattoni 32,300
Silesia SEGRO Business Park Gli-
wice Building B SEGRO 31,700
Warsaw Tulipan Park Warszawa
Bulding B SEGRO 24,000
Silesia SEGRO Industrial Park
Tychy B SEGRO 18,300
Wrocaw Prologs Park Wrocaw V Prologis 18,282
Source: Colliers International
Largest office projects delivered in 2013Largest office projects
delivered in 2013Largest office projects delivered in 2013Largest
office projects delivered in 2013
Location Project Developer Area
(sqm)
Warsaw Konstruktorska
Business Center HB Reavis 48,300
Warsaw Miasteczko Orange Bouygues Immobilier 43,700
Warsaw Plac Unii BBI Development
/Liebrecht & wooD 41,300
Warsaw Marynarska 12 Ghelamco 40,000
Wrocaw Sky Tower LC Corp 28,100
Source: Colliers International
LaLaLaLargest retailrgest retailrgest retailrgest retail
projects delivered in 2013projects delivered in 2013projects
delivered in 2013projects delivered in 2013
Location Project Developer Area
(sqm)
Gliwice Europa Centralna Helical Poland 67,000
Krakw Galeria Bronowice Immochan 60,000
Pozna Pozna City Center TriGranit 58,000
Gdynia
Centrum Riviera
(Wzgrze
extension)
Mayland Real Estate 70,500
Katowice Galeria Katowice
Meyer Bergman
European Retail
Partners/ Neinver
42,000
Source: Colliers International
Selected Selected Selected Selected large investment
transactions large investment transactions large investment
transactions large investment transactions in 2013in 2013in 2013in
2013
Sector
Project
Value
(EUR mil-
lion)
Seller
Buyer
Retail Silesia City
Center
412 Immofinanz Allianz, ECE
Retail Galeria
Kazimierz 180
Globe Trade
Center,
Aventus
Invesco RE
Retail Galeria Domini-
kaska 151.7 ECE
Atrium
European Real
Estate
Office New City
127 ECI
Hines Global
REIT
Office Mokotw Nova
121 Ghelamco
Tristan Capital
Partners
Office Senator
120 Ghelamco
Union
Investment
In-
dustrial
H&M ware-
house
64 Invesco RE W.P. Carey
Indus-
trial era Park II 43.2
Area Property
Parners,
Apollo Rida
Poland
SEGRO
Source: Colliers International
LLLLargest office lease dealsargest office lease dealsargest
office lease dealsargest office lease deals in 2013in 2013in 2013in
2013
Location Tenant Area(sqm) Project Warsaw Polkomtel 22,680
Konstruktorska 4
Warsaw Getin Holding 18,850 Wola Center
Warsaw Urzd Rejestracji Lekw 13,000 Adgar Park West
Warsaw Bank Zachodni
WBK 11,800 Atrium 1
Wrocaw Getin Holding 11,700 Sky Tower
Source: Colliers International
Retail rents (EUR/sqm/month), Q3 2013Retail rents
(EUR/sqm/month), Q3 2013Retail rents (EUR/sqm/month), Q3 2013Retail
rents (EUR/sqm/month), Q3 2013
2
0
3
0
4
0
5
0
6
0
7
0
8
0
9
0
dWrocaw
Tri-citySzczecin
PoznaKrakw
Warsaw (out of town)Silesia
Warsaw (city centre)
Source: Cushman & Wakefield
Office rents (EUR/sqm/month), Q3 2013Office rents
(EUR/sqm/month), Q3 2013Office rents (EUR/sqm/month), Q3 2013Office
rents (EUR/sqm/month), Q3 2013
Source: Cushman & Wakefield
1
0
1
5
2
0
2
5
Gdask
Szczecin
Katowice
Pozna
Krakw
Wrocaw
Warsaw (non-central)
Warsaw (CBD)
Largest industrial lease deals in 2013Largest industrial lease
deals in 2013Largest industrial lease deals in 2013Largest
industrial lease deals in 2013
Location Tenant Area(sqm) Project
Wrocaw Amazon 123,500 Goodman Wrocaw South
Logistic Center
Pozna Amazon 100,653 Panattoni Pozna
Wrocaw Amazon 100,653 Panattoni Wrocaw
Pozna supermarket
chain 82,385 -
Central Po-
land Castorama 49,961 Panattoni Park Strykw
Source: Colliers International