Strong Q3 on the retail market

temu

In Q3 the modern retail market in Poland grew by nearly 140,000 sqm of GLA. This is a significant increase as compared to the first half of the year when only a mere 26,000 sqm of GLA within 5 schemes were completed. Notably, the first IKEA store was delivered in Lublin with the residents of Poland’s eastern regions in mind. Furthermore, the authors of the report draw our attention to the bustling end of the year which is set to bring more than 200,000 of GLA sqm in new retail projects.
A strong end of the year expected on the investment market

temu

The total value of transactions on the domestic investment market at the end of 2017, taking into account the acquisitions completed in the first nine months and the estimated value of transactions in progress, may be about 15% higher from the record EUR 4.5 billion last year. The EUR 2.3 billion generated during the first three quarters of 2017 was lower than the value of the transactions completed in the corresponding period of the previous year, however the authors of the report believe this was caused e.g. by new regulations concerning the tax classification of agreements that prolong the decision-making process and the time needed to prepare and complete a transaction.
Office buildings sprouting up in the Wola district

temu

In Q3 this year, the stock of modern office space in the capital has increased by more than 76,000 sqm and thus exceeded the 5.3 million sqm threshold. By the end of the year, another 80,000 sqm may appear on the largest office market in the country, which would mean a total of 5.4 million sqm. The key market development trends, according to the report by BNP Paribas Real Estate Poland, are the consistently improving position of the Wola district on the local office market and the growing popularity of co-working projects located in the best schemes.
BNP Paribas Real Estate managed the rebranding process for Pradera centres

temu

The Property Management department at BNP Paribas Real Estate Poland ran the rebranding process for the shopping centres that have recently changed hands from Ikea Centres Polska to the Pradera fund. The new name and corporate design can now be seen in Polish and German locations.
Gemius SA move to D48

temu

Gemius SA, a leading online research organization that for nearly 20 years has been measuring Internet users’ behaviour, leased more than 1 800 sqm GLA in the modern D48 office building. During the lease transaction Gemius S.A. was represented by consultants from BNP Paribas Real Estate Poland.
Modernisation works on the office part of Kupiec Poznański has started

temu

At the beginning of this month the owner of Kupiec Poznański has signed an agreement to modernise the office part of the building. The scope of works includes a creation of reception area dedicated to office space that will be independent from the shopping centre part. Moreover new modern lifts will be introduced and common areas on the office floors will be rearranged according to design project provided by Kostka&Kurka architectural studio. The concept and scope of changes have been prepared basing on experience and knowledge of BNP Paribas Real Estate Poland who is the exclusive leasing agent of the building and its property manager. The works are scheduled to finish in February 2018.
Larry Young appointed head of BNP Paribas Real Estate's "International Investment Group"

temu

Larry Young, 41 years old, has been appointed head of BNP Paribas Real Estate’s “International Investment Group”, reporting directly to Thierry Laroue-Pont, Chief Executive Officer of BNP Paribas Real Estate. He takes over from Etienne Prongué, Deputy CEO of BNP Paribas Real Estate UK since September 1, 2017.
BNP Paribas Real Estate Poland to be in charge of Centrum Franowo in Poznań

temu

A scheme from the portfolio of IKEA Centres Polska S.A. will for the first time be managed externally. Centrum Franowo, completed within 15 months and delivered to the market at the end of September this year, comprises 15 000 sqm GLA, out of which 7 500 sqm on level 0 is dedicated to retail and services, while the remaining 7 500 sqm on level +1 will be used for offices.
BNP Paribas Real Estate Hungary with a PM Instruction for milestone student house in Budapest

temu

BNP Paribas Real Estate Hungary won the property management mandate in a tender process organized for MILESTONE, a top class Student house located in Budapest. The appx. 15.000 sqm building is the first large-scale, privately owned, purpose-built student residence in Hungary, with 1.000 sqm retail area and with 400+ single bed en-suite rooms offering high quality accommodation for international and Hungarian students. On one hand MILESTONE Budapest student house is a modern and innovative development offering exclusive services, on the other hand the investment has a significant value creation impact in the heart of the 9th district.
Diamante Plaza with a new arrangement of the reception

temu

Within the last few weeks the reception of Diamante Plaza has gained new and comfortable furniture. The changes in the arrangement of the reception have been prepared with the help of one of the tenants of the building - Bo Concept who delivered the furniture designed by Karim Rashid.
Strong Q3 on the retail market

temu

In Q3 the modern retail market in Poland grew by nearly 140,000 sqm of GLA. This is a significant increase as compared to the first half of the year when only a mere 26,000 sqm of GLA within 5 schemes were completed. Notably, the first IKEA store was delivered in Lublin with the residents of Poland’s eastern regions in mind. Furthermore, the authors of the report draw our attention to the bustling end of the year which is set to bring more than 200,000 of GLA sqm in new retail projects.
A strong end of the year expected on the investment market

temu

The total value of transactions on the domestic investment market at the end of 2017, taking into account the acquisitions completed in the first nine months and the estimated value of transactions in progress, may be about 15% higher from the record EUR 4.5 billion last year. The EUR 2.3 billion generated during the first three quarters of 2017 was lower than the value of the transactions completed in the corresponding period of the previous year, however the authors of the report believe this was caused e.g. by new regulations concerning the tax classification of agreements that prolong the decision-making process and the time needed to prepare and complete a transaction.
Office buildings sprouting up in the Wola district

temu

In Q3 this year, the stock of modern office space in the capital has increased by more than 76,000 sqm and thus exceeded the 5.3 million sqm threshold. By the end of the year, another 80,000 sqm may appear on the largest office market in the country, which would mean a total of 5.4 million sqm. The key market development trends, according to the report by BNP Paribas Real Estate Poland, are the consistently improving position of the Wola district on the local office market and the growing popularity of co-working projects located in the best schemes.
BNP Paribas Real Estate managed the rebranding process for Pradera centres

temu

The Property Management department at BNP Paribas Real Estate Poland ran the rebranding process for the shopping centres that have recently changed hands from Ikea Centres Polska to the Pradera fund. The new name and corporate design can now be seen in Polish and German locations.
Gemius SA move to D48

temu

Gemius SA, a leading online research organization that for nearly 20 years has been measuring Internet users’ behaviour, leased more than 1 800 sqm GLA in the modern D48 office building. During the lease transaction Gemius S.A. was represented by consultants from BNP Paribas Real Estate Poland.
Modernisation works on the office part of Kupiec Poznański has started

temu

At the beginning of this month the owner of Kupiec Poznański has signed an agreement to modernise the office part of the building. The scope of works includes a creation of reception area dedicated to office space that will be independent from the shopping centre part. Moreover new modern lifts will be introduced and common areas on the office floors will be rearranged according to design project provided by Kostka&Kurka architectural studio. The concept and scope of changes have been prepared basing on experience and knowledge of BNP Paribas Real Estate Poland who is the exclusive leasing agent of the building and its property manager. The works are scheduled to finish in February 2018.
Larry Young appointed head of BNP Paribas Real Estate's "International Investment Group"

temu

Larry Young, 41 years old, has been appointed head of BNP Paribas Real Estate’s “International Investment Group”, reporting directly to Thierry Laroue-Pont, Chief Executive Officer of BNP Paribas Real Estate. He takes over from Etienne Prongué, Deputy CEO of BNP Paribas Real Estate UK since September 1, 2017.
BNP Paribas Real Estate Poland to be in charge of Centrum Franowo in Poznań

temu

A scheme from the portfolio of IKEA Centres Polska S.A. will for the first time be managed externally. Centrum Franowo, completed within 15 months and delivered to the market at the end of September this year, comprises 15 000 sqm GLA, out of which 7 500 sqm on level 0 is dedicated to retail and services, while the remaining 7 500 sqm on level +1 will be used for offices.
BNP Paribas Real Estate Hungary with a PM Instruction for milestone student house in Budapest

temu

BNP Paribas Real Estate Hungary won the property management mandate in a tender process organized for MILESTONE, a top class Student house located in Budapest. The appx. 15.000 sqm building is the first large-scale, privately owned, purpose-built student residence in Hungary, with 1.000 sqm retail area and with 400+ single bed en-suite rooms offering high quality accommodation for international and Hungarian students. On one hand MILESTONE Budapest student house is a modern and innovative development offering exclusive services, on the other hand the investment has a significant value creation impact in the heart of the 9th district.
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