DS Smith Polska in Panattoni Park Krakow IV

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.

Stratego, a prosperous advisory company specializing in acquisition of EU funding and technology financing, will be moving to Warsaw’s Spektrum Tower office building. The organization, in its 10 years of operation, has obtained more than 2 billion PLN of EU funding for over 200 businesses and institutions. The area of the new office will be in excess of 200 sqm. Małgorzata Małecka and Magdalena Żochowska of BNP Paribas Real Estate Poland represented the tenant in the search for the new office and during lease negotiations.

The capital attained 72 000 sqm of new office space spread over 8 buildings in the last quarter of 2017. The result recorded for the past three months made it possible to close last year with new supply at approx. 280 000 sqm and market size estimated at 5.37 million sqm – highlight authors of the AAG Office Warsaw Q4 2017 report at BNP Paribas Real Estate Poland.

Last year the domestic retail market increased by nearly 500 000 sqm, which when compared to the average from the past decade standing at slightly more than 660 000 sqm, shows that there has been a significant slowdown in supply growth. The authors of the "At a Glance, Modern Retail Market in Poland. Q4 2017" report draw attention to the decreasing market absorption on the one hand, and the increasing pace of changes occurring within modern retail on the other one.

July 2018 will see Arcadis, a global design and consultancy firm for natural and built assets, move its office to the West Station II building, where it will occupy approx. 1 300 sqm of office space. The developer behind the office building located at Warsaw’s Aleje Jerozolimskie is HB Reavis. The Office Agency department at BNP Paribas Real Estate Poland supported Arcadis in the office search and lease term negotiation process.

EQilibrium office building located at Jana Kazimierza Street in Wola district in Warsaw is up on the sale. BNP Paribas Real Estate Poland experts are providing advice for the sale of the building.

The warehouse market is flourishing, which is clearly supported by growth rates higher than those recorded by the office and retail sectors. Positive macroeconomic forecasts indicate that 2018 will be another year running for the sector to come out considerably ahead.

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.