Changes in Property Management Department at BNP Paribas Real Estate in Romania

The domestic commercial property investment market closed last year with a record result in terms of transactions completed estimated at approx. 5.1 billion EUR, which represents YoY growth of 11%. The moving of completion of significant transactions to the beginning of this year did not have a negative impact on the result achieved. The last quarter proved to be particularly busy for investor, where transactions of the total value in excess of half of the volume reported in 2017 were finalized.

The retail consultancy department of BNP Paribas Real Estate Poland, extends its competences and offers with a fully comprehensive platform RAM (Retail Active Management). It will support retailers, developers, investors and managers. The scope of activities of the new department that focuses on strategic consultancy, will be led by Fabrice Paumelle.

The new AVL Software and Functions (AVL) office on the 13th floor of the Klif Tower office building will take up more than 600 sqm of space. Experts from the office agency department at BNP Paribas Real Estate Poland represented the tenant in the lease term negotiation process.

The data provided in the annual AAG Industrial & Logistics Market Review report confirms that the sector with its stock of more than 13.5 million sqm was the fastest growing commercial property sector in 2017. The year saw the total volume of space increase by 21% as compared to 2016. The schemes developed as build-to-suit projects continue to be the driving force here. At the same time, authors of the analysis highlight the decrease in the share of speculative projects.

Photographs and short biographical profiles of Maria Skłodowska - Curie, Wanda Rutkiewicz, Wisława Szymborska and others have been gracing the lobby and elevators at the Atrium Tower office building since 5th March. This way the landlord aims to offer an insight into the lives of Polish women that became symbolic figures in culture, science and art, and to celebrate International Women’s Day which falls on 8th March.

Krzysztof Skrodzki joined the valuation department at the Polish division of the international commercial property advisory firm. In his role as Senior Property Valuer, Krzysztof will be responsible for property valuations, business analyses and provision of property advisory services to BNP Paribas Real Estate Poland clients and partners.

DS Smith Polska, one of the leading players on the European corrugated packaging market, will occupy more than 3 500 sqm of space in Panattoni’s latest scheme in the region. BNP Paribas Real Estate Poland experts advised the client on selection of the location and throughout the transaction process.

The modernisation works in the office part of Kupiec Poznański are coming to an end. In March the tenants of the building will be able to use the newly created reception, modernised lifts and lift halls. BNP Paribas Real Estate has advised the owner of the building in creation of the scope and details of the modernisation of the office part of the building.

As of January 2018, BNP Paribas Real Estate was selected to provide property management services for a real estate portfolio of 60,000 sq m commercial properties owned by OTP Real Estate Investment Fund.