2018 set to be a record-breaking year for warehouses

Nearly 40 transactions, dynamic growth across regional markets and focus on close cooperation with startups is how the past 12 months are being summarized by the Office Agency Department at BNP Paribas Real Estate Poland.

The Polish division of the international logistics company Asstra Forwarding AG expanded its existing office by 300 sqm. The total area of Asstra Polska headquarters at ul. Krakowiaków now stands at more than 1 600 sqm. BNP Paribas Real Estate Poland supported the logistics provider during the transaction.

To boost its growth and consolidate its position as a benchmark player on the European real estate market, BNP Paribas Real Estate has appointed three new members to its executive board, two of which are based in the UK.

The third quarter of this year has been a time of growth and impressive results for the Industrial & Logistics Department at BNP Paribas Real Estate Poland. BNP Paribas Real Estate supported eMAG in leasing 32 500 sqm and thus participated in the largest warehouse lease transaction on Warsaw’s market. The transaction brought the share of lease transactions finalized by the agency in the total number of transactions completed on Warsaw’s market to 52%, putting it in the position of regional leader. Simultaneously, the objective for that period was to expand the team and new professionals were consequently brought onboard.

BNP Paribas Real Estate, a leading international property adviser and the property market leader across Western Europe has recently launched an industrial and logistics department. As part of the expansion of its operations, the team at BNP Paribas Real Estate has been joined by Dušan Drábek - an expert with proven capabilities in logistics operations.

The number of rented offices in the capital city this year is approaching a new record. According to data from BNP Paribas Real Estate CR, the international consulting company, last years result, when there was more than 300,000 m2 offices rented in Prague, will most likely be beaten. By the end of September this year, there was around 270,000 square meters of newly rented administrative sites. The last quarter is traditionally the strongest period of the year for concluding contracts.

One of the leading online e-commerce players, offering in excess of 250 000 products from more than a thousand different brands, will take up 32 500 sqm of space in the P3 Błonie logistics park near Warsaw. BNP Paribas Real Estate Poland advisors supported the company on an exclusivity basis in the search for a suitable location and throughout the lease process. The transaction brought the share of lease transactions finalized by the agency in the total number of transactions completed on Warsaw’s market to 52%, thus putting BNP Paribas Real Estate Poland in the position of regional leader. The total volume of space leased with the involvement of the Logistics and Industrial Department in Q3 only has increased to 120 000 sqm.

BNP PARIBAS REAL ESTATE has led to the conclusion of new leases in the Wilanów office complex, what resulted in the fact the BE FREE building is now 100% occupied and the vacancy of the BE THE ONE building has dropped from 100% to less than 5%.

Jan Bohata, has joined the Capital Markets Department at BNP Paribas Real Estate in Czech Republic. Jan took up the position of associate director and is a commercial real estate financing expert with experience gained in the banking sector.