Danfoss Power Solutions has signed an 11,088 sq m office and warehouse lease at logistics park Hillwood Wrocław I BIS. The tenant was represented in the transaction by global real estate services firm Cushman & Wakefield. “Less than two years ago, during renegotiations of a 20,000 sq m lease on which Cushman & Wakefield advised, Danfoss Directors talked about a possibility of expansion at the existing warehouse facility on account of its superb location and potential. The client has now decided to lease more space to expand its operations in this region of Poland,” says Konrad Jacewicz, Senior Negotiator, Industrial and Logistics Agency, Cushman & Wakefield.
Global real estate services firm Cushman & Wakefield has been appointed a property manager of Sagittarius Business House, an office building in Wrocław. The owner of the facility is Warburg-HIH Invest Real Estate (Warburg-HIH Invest).
Global real estate services firm Cushman & Wakefield has signed a framework management agreement for 14 office buildings owned by the Skanska Group. The largest facilities include High Five A&B in Krakow (36,700 sq m) and Brama Miasta B in Łódź (27,800 sq m).
Global real estate services firm Cushman & Wakefield has been appointed a patron of the sixth two-day conference Hotel Trends Poland & CEE organised by Polskie Wydawnictwa Specjalistyczne ProMedia, a publisher of “Hotelarz”, the oldest and most popular magazine for hospitality investors, owners and managers. The conference will be held at Sofitel Warsaw Victoria on 26 and 27 November. The event will include an evening gala with presentation of awards in the competition HOTELARZ ROKU 2018 (HOTELIER OF THE YEAR 2018).
Despite geopolitical uncertainty and a slowing in the economic cycle, investment in the global property market has seen a significant rise of 18% year-on-year to a new record high of $1.8tn (2017: $1.5tn), according to research out today from Cushman & Wakefield.
WeWork – the space, community, and services provider with over 268,000 global members – will open its latest location at Warsaw’s Europejski scheme. Europejski, formerly known as the Europejski Hotel, is a mixed-use building offering Class A+ office and retail space. It is also home to Raffles Europejski Warsaw, Poland’s finest hotel.
In Central and Eastern Europe*, hotel owners are experiencing record months in terms of average daily rates which was the primary driver of the double-digit RevPAR (Revenue per available room) growth recorded by central European cities in 2017. The growing trend was also seen in the first half of this year (H1 2018). The only exception was Warsaw where RevPAR dropped slightly due to declining occupancy, yet the prices of rooms increased as in other capitals. “In 2018, the growth of KPIs on the Polish hospitality market has not been as rapid as in previous years. Warsaw has witnessed a slight decrease in occupancy levels and RevPar, which was caused mainly by the new supply of approximately 1,200 rooms delivered to the market between H1 2017 and H1 2018. With a strong development pipeline, the city is still catching investors’ eye.” said Maria Zielińska, Senior Hospitality Advisor, Cushman & Wakefield.
The international consulting company Cushman & Wakefield has synopsized the first six months of the year on regional office space markets in its report “MarketBeat: Office Space Regions. Summary 1H 2018”. Over a million square meters – the total office real estate market in Wrocław; Over 950 000 square meters – the total projected volume in 84 office space projects in Poland to enter the market by 2020; 70% - share of BSS lessees in regional markets; 76 000 square meters - the sum total of the five largest transactions on regional markets (the banking sector). In the first half of 2018, the total volume of modern office space at the main regional markets (Kraków, Wrocław, Tricity, Katowice, Poznań, Łódź, Szczecin and Lublin) exceeded 4 637m square meters. Analysts of Cushman & Wakefield, a global real estate services firm, report a high absorption level caused by intensified lessee activity in 2017 and pre-rental agreements of office real estate which is to enter the market this year. As a result, despite a large spike in office space supply, the vacancy rate has gone down.
Global real estate services firm Cushman & Wakefield has represented KIDS&Co., a Polish operator of bilingual kindergartens and crèches, in two lease transactions for a total of nearly 1,000 sq m. KIDS&Co. leased 458 sq m at building F of the Enterprise Park in Krakow and 493 sq m in Imagine, an office building under construction in Łódź. The kindergarten with a crèche section has operated in the Enterprise Park since September 2018.
Global real estate services firm Cushman & Wakefield has been named the Adviser of the Year at Prime Property Prize 2018, the seventh edition of the contest. The prize was awarded during an official gala held at Warsaw’s VITKAC building at 9 Bracka Street on 17 September. “The Adviser of the Year award perfectly encapsulates Cushman & Wakefield’s outstanding performance on the Polish commercial real estate market in the past year. We acted on some of the biggest and most spectacular transactions, which was certainly a factor in the voting process. We would like to thank all our partners and clients who voted for us. We have always been at the forefront of new trends and will continue to lead the way by introducing new, innovative solutions to raise standards in the real estate industry,” said Charles Taylor, Partner, Head of Cushman & Wakefield Poland.
Polycom, a manufacturer and provider of state-of-the-art communication technology, has leased a 1,000 sq m office at Metropolitan in Warsaw. Global real estate services firm Cushman & Wakefield was responsible for securing the new office and lease negotiations on behalf of the tenant.