Information from the office market
New tenant in Oxygen Park building in Warsaw
ECO3, a world leader in prepress solutions for the printing industry, joined the list of tenants of Warsaw's Oxygen Park office complex. On the fourth floor of building B, it rented over 1.14 thousand m² of office space, designed according to a hybrid work model. In negotiations and signing the agreement, concluded for nearly six years, Colliers advised. Oxygen Park is a modern facility located at Alejach Jerozolimskich, in the business center of Warsaw. The complex consists of two six-story buildings with a total rental area of over 18,000 m², offering flexible office spaces adapted to the needs of demanding tenants. A green patio, relaxation zone and BREEAM certification at the Very Good level emphasize the pro-ecological character of the investment. Oxygen Park tenants have at their disposal a rich infrastructure, including a canteen, service points, 162 parking spaces, bicycle racks and locker rooms with showers. The complex, designed by JEMS Architekci and handed over for use in 2013, offers modern solutions that combine comfort with functionality.
Towarowa22 announces new tenant of the complex
Towarowa22 is a modern mixed-use project implemented in the center of Warsaw's Wola by Echo Investment, AFI Europe Poland and Archicom. The first phase of the investment, Office House, offers 32,000 m² of office space, of which 70% has already been rented by companies such as emagine and Crowe. The building is planned to have green loggias, orangeries and a roof terrace, and the applied sustainable construction solutions meet the highest standards of BREEAM "Outstanding" and WELL certificates. Additionally, the new tenant of retail and service space is CHANGE Studio fitness club, which will occupy 1,200 m², offering modern training space and a holistic approach to healthy living. The opening is planned for the second quarter of 2025.The Towarowa22 project is distinguished by the diversity of functions and a unique approach to shaping urban space. In addition to offices, there are residential units for sale and long-term rental, as well as spaces dedicated to culture, art, gastronomy and services. The central point of the complex will be a 2-hectare city park with a restored pavilion of the Polish Word House, offering residents and visitors a space for relaxation and integration. The architectural diversity and functionality of the project, designed by JEMS Architekci studio, responds to the needs of a dynamically developing city.Towarowa22 is one of many flagship projects of Echo Investment, which specializes in implementing investments combining residential, office and retail functions, such as Browary Warszawskie or Fuzja in Łódź. In cooperation with AFI Europe, an international developer with years of experience in Central and Eastern Europe, investors create multi-use spaces that respond to the needs of residents and users. Towarowa22 is a new standard in shaping urban space, combining convenience, functionality and sustainable development.
Echo Investment sold office building in Łódź for 32.5 million euros
Echo Investment's subsidiary sold the React office building in Łódź, located at Al. Piłsudskiego 24. The transaction was finalized for approximately 32.5 million euros plus VAT, and the new owner of the property became Maggiora from Warsaw. The building, being a fully rented facility, was considered an attractive investment. The agreement also included the right of ownership of the land, related movables and specific obligations of the seller towards the tenants.Payment for the property was divided into two parts: 90% of the price was paid at the time of signing the agreement, while the remaining 10% will be paid within 12 months, with interest accrued at a rate of 8.5% per annum. Echo Investment agreed to carry out interior finishing work in the building and cover costs related to periods of no rent and rent reductions for current tenants. Additional agreements included guarantees of quality and securing future rent for not yet rented spaces.The sale of the React office building fits into Echo Investment's strategy, which assumes the disposal of ready and rented office facilities. Through this transaction, the company strengthens its position in the commercial real estate market in Poland, while achieving its financial and operational goals.
Sale of a luxury office building in central Warsaw
Union Investment investment fund sold Pasaż Lipiński – a boutique office building located on Aleje Jerozolimskie 63 in the very heart of Warsaw. The building offers a total of approximately 3,600 sqm of modern office space and approximately 2,500 sqm of commercial and service space, designed with the most demanding tenants in mind.Union Investment is a German fund specializing in the management of commercial properties, including office buildings, commercial and logistics facilities in strategic locations around the world. In Poland, the company has a rich portfolio, including approximately 20 properties, including prestigious shopping centers such as: Manufaktura in Lodz, Riviera in Gdynia and Magnolia Park in Wroclaw.The sale of Pasaż Lipiński emphasizes the fund's activity in the dynamically developing Polish real estate market, and also testifies to the attractiveness of the Warsaw market for investors.
Chilliflex opens a new office in prestigious Brama Miasta in Łódź
Chilliflex opened its seventh serviced office in Poland in the prestigious Brama Miasta office building in Łódź. Located on the ninth floor, the space offers as many as 260 work stations and eight fully equipped conference rooms, adapted to various business needs. The new location is a response to the growing demand for flexible and modern workspace solutions. The office was designed with comfort and flexibility in mind, offering freelancers and companies access to coworking, event spaces and Chilli Pass cards, which enable convenient hybrid work. The space is distinguished by numerous amenities, such as a chill-out zone with a café and billiards, nap rooms, a library and a game room, which promote both effective work and relaxation. Brama Miasta, a flagship project of the New Center of Łódź, is a modern office building offering 40,800 m² of office and service space. The building meets the highest environmental and social standards, as evidenced by WELL, LEED at GOLD level and Barrier-Free Facility certificates. A publicly accessible patio with amphitheater stairs provides additional value to employees and residents, creating space friendly to the local community.
Vattenfall Group plans to move its headquarters to Grundmanna Office Park complex
Vattenfall Group, employing IT specialists in Poland through Vattenfall IT Services Poland, rented 2,587 sqm of office space in Grundmanna Office Park A in Katowice. The investment belonging to Cavatina Holding, offering a total of 21 thousand sqm of modern office space and 1 thousand sqm of service space, was handed over for use in October 2023. The decision to consolidate offices in this location was driven by concern for high quality and a friendly work environment for employees.Vattenfall IT Services Poland plays a key role in the digital transformation of the energy industry, developing solutions in the field of E-Mobility, energy management and efficient resource use. The company implements the Vattenfall Group's carbon neutrality strategy, while focusing on creating an inclusive work environment. This is confirmed by awards such as the Friendly Workplace 2023 badge and the Special Award for building a friendly organizational culture.Grundmanna Office Park is a modern office building designed with BREEAM certification requirements in mind, supporting the implementation of ESG policies by tenants. The location in downtown Katowice ensures excellent communication with key points in the city, and innovative solutions such as an application for office and parking management increase user comfort. Thanks to these features, the office building meets the needs of modern tenants such as the Vattenfall Group, strengthening Katowice's position as an attractive business location.
Office House will be ready in spring and most of the building's space is already rented based on signed lease agreements
Office House is the first phase of the multi-use Towarowa22 project, implemented in Warsaw's Wola by AFI Europe, Echo Investment and Archicom. A nine-story building with an area of 32,000 sqm, including office and retail and service spaces, will be ready in spring 2025. Currently, 70% of available space has already been rented, which testifies to strong tenant interest.Among the tenants are companies such as emagine, which rented 6,000 sqm of office space, and Crowe, which will occupy 2,700 sqm. The building is distinguished by the use of sustainable solutions, such as 100% green energy supply, orangeries and green loggias on each floor, as well as a roof terrace. Office House meets the highest standards of environmental certification, including BREEAM "Outstanding".Construction of Office House is entering the finalization phase, with facade assembly completed and finishing work underway. In parallel, the first residential building of the Towarowa22 complex is being implemented, offering luxury apartments under the Archicom Collection brand. Subsequent phases of the project, planned for 2025, will contribute to the creation of a modern, multi-use urban space.
Okrąglak in Poznań Gains a New Tenant
Okrąglak, one of the most recognizable buildings in Poznań, has become a new home for Tokyo Cheesecake Bakery. A cafe combined with a confectionery will be created on the ground floor of the office building, specializing in fluffy Japanese-style cheesecakes. This is the first such network in Poland, which is opening its flagship location right here in Poznań. Okrąglak, designed by Marek Leykam, was built in the 1950s as a department store, being one of the symbols of the post-war reconstruction of the city. Over the years, the building underwent a general renovation, which not only refreshed its appearance, but also gave it new functions, transforming it into a modern office building. Thanks to this, the building still remains an important point on the map of Poznań, combining history with modernity. Savills, which mediated the transaction, emphasizes that the choice of Okrąglak as the location for the cafe was a conscious decision. The unique history and architecture of the building fit perfectly with the character of the brand, and the new cafe will further enrich the gastronomic offerings in the city center.
Tower in Warsaw sold - the largest transaction of 2024 in Europe
Eastnine Fund acquired the 46-story office tower Warsaw Unit in Warsaw from developer Ghelamco for 280 million euros. The transaction, recognized as the largest on the European office market in 2024, marks Eastnine's entry into the dynamic Warsaw real estate market. The tower, located in the city center at Daszyńskiego Roundabout, offers 59,800 m² of premium office space and meets the highest environmental standards, confirmed by BREEAM Outstanding and WELL Core v2 Platinum certificates. Warsaw Unit is fully leased by prestigious tenants, such as Amazon, Moderna, CBRE and Panattoni, and generates annual rental revenues at the level of 18 million euros. The building, completed in 2021, also houses the main headquarters of Warta. The average remaining lease term is 5.1 years, which underscores its stability and investment attractiveness. The acquisition was financed from existing cash funds, a green bank loan of 168 million euros and the issuance of new Eastnine shares. The transaction resulted in an increase in earnings per share from property management of 18%, to 0.32 euros, while increasing the debt-to-property value ratio (LTV) to 50%. The acquisition of Warsaw Unit is an important step in Eastnine's strategy, which emphasizes the attractiveness of the Warsaw office market in the context of Europe.
They purchased a tower in Warsaw for over 1.2 billion zloty, making this transaction the largest on the European office market
Belgian developer Ghelamco finalized the sale of its flagship investment - Warsaw UNIT, a 200-meter tower located in Warsaw's business center. The new owner of the property became Swedish company Eastnine AB, listed on the Nasdaq Stockholm exchange. The transaction worth 280 million euros (over 1.2 billion zloty) turned out to be the largest acquisition on the European office market this year. Warsaw UNIT is an ultra-modern office building offering approximately 60,000 m² of space on 46 floors. The project, prepared by the Polish-Belgian Architecture Office PROJEKT, is distinguished by advanced technology and ecological solutions - the building is fully powered by clean energy. One of its main advantages is the event space with the glazed Skyfall Warsaw viewing terrace and a kinetic facade inspired by a dragon scale, responding to wind gusts. The tower is fully leased, and among the tenants are Warta, Moderna, CBRE, Stryker, Amazon, OmniOffice and Imperial Tobacco. Eastnine AB, the new owner of Warsaw UNIT, specializes in modern, sustainable office properties in key locations in Poland and the Baltic countries.