Global real estate services firm Cushman & Wakefield has been contracted to prepare tender documentation for land acquisition and obtaining a permit to operate in the Special Economic Zone EURO-PARK MIELEC, Trzebownisko Subzone, for Northern Aerospace Sp. z o.o., which will produce aircraft components and create at least 55 new jobs. The client intends to invest more than PLN 43m and complete its project by Q3 2021.
Cushman & Wakefield is expanding its newCommerce service into EMEA to help retail clients succeed as technology evolves, omni-channel shopping advances and the barriers between physical stores and digital platforms erode.
Soaring rents have seen London’s New Bond Street rise to become the world’s third most expensive retail street, while New York’s Upper 5th Avenue and Hong Kong’s Causeway Bay retain their first and second place rankings, according to Cushman & Wakefield. Warsaw Nowy Świat classified on 38th position.
Technology, Advertising, Media, and Information (TAMI) companies have long led the way in creation of modern, innovative offices. They introduced activity based working before it was ready for ‘prime time’ and found ways to use offices to display their brand and values. While their creative goals haven’t changed, other industries have clearly caught-up. Particularly the fast-learners in the technology industry with their amazing success have brought some key differences.
Shopping centre development activity in the first half of 2017 increased total floorspace across Europe to 160.8 million sq m at the midpoint of the year, according to Cushman & Wakefield. In the first half of the year 825,000 sq m was delivered to the market in Central & Eastern Europe (CEE), compared with 344,000 sq m in Western Europe – although Western Europe still accounts for more than two-thirds (68%) of total built shopping centre space. In total, 34 new shopping centre projects were completed (representing 84% of new space added in H1), while 21 existing schemes were extended.
Warehouse supply hit a record high at the end of Q3 2017. Poland’s industrial stock totalled 12.86 million sq m, which represented an 18% rise year-on-year. Tenant demand remained robust on the country’s core warehouse markets, driven largely by logistics operators whose share in total take-up amounted to 45%. The vacancy rate slipped down by 0.8 percentage points year-on-year while headline and effective rents remained largely unchanged, reveals global real estate services firm Cushman & Wakefield in its latest report Marketbeat – Polish Industrial Market Q1-Q3 2017.
The Polish Ministry of Economic Development announced plans to amend SEZ legislation long ago. At the Krynica Economic Forum in September its representatives said that the new regulations would come into force in mid-2018. Indeed, the changes could have revolutionary consequences for entrepreneurs intending to operate in a SEZ and apply for state aid.
Citi Service Center Poland - the biggest tenant in Generation Park so far – will occupy the remaining office space available in the project’s first building, developed by Skanska. With its expansion of 5,200 sqm, Citi’s shared services center will now occupy nearly 19,000 sqm in total and becomes one of the biggest Citi centers worldwide. International advisory firm Cushman & Wakefield represented the tenant during the negotiation process.
The Project & Development Services (PDS) team of Cushman & Wakefield, a global real estate services firm, was responsible for full project delivery and cost control of the fit-out of new KappAhl and Newbie’s stores at Warsaw’s newly opened Galeria Północna.
James Chapman, International Partner, Capital Markets, Cushman & Wakefield was named the Investment Broker of the Year at the 7th the CEE Investment & Green Building Awards organized by EuropaProperty.com. The awards are presented to companies and individuals who have demonstrated the best overall performance during the past year as well as highlight investment transactions that have produced consistent results.
Dubiński Fabrycki Jeleński i Wspólnicy Law Firm has signed a 738 sq m office lease at Centrum Królewska in Warsaw. The Rezydent Group, which owns the office building, was represented in the transaction by Dorota Mielke, a Negotiator from the Office Agency of global real estate services firm Cushman & Wakefield. Skyline Real Estate advised the Law Firm on the lease.
A huge increase in urban logistics property space is required across key centres across Europe in the next few years to meet the exponential growth of eCommerce and the resultant need for last mile delivery in cities, according to a new research report from Cushman & Wakefield.