Asstra Polska expands in The Park Warsaw office building

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.

After the first three quarters of 2017 the warehouse market continues to be the fastest and most dynamically growing commercial property sector in Poland. According to the latest At a Glance. Industrial and warehouse market in Poland, Q3 2017 report by BNP Paribas Real Estate Poland, since the beginning of the year the total volume of modern warehouse space has increased by 13.6%. Q3 was dominated by Szczecin with the completion and delivery of the country’s largest warehouse scheme: Panattoni BTS Amazon Szczecin, with the area in excess of  161 000 sqm.

NEIF II Fund (Next Estate Income Fund II), acquires the German headquarter of Fiat Chrysler Automobiles in Frankfurt – from the German developer “Lang & Cie”. This new transaction brings the Fund size close to €750 million.