Locked content Office vacancy exceeds 14% in Warsaw – PORF

The vacancy rate in Warsaw increased by 1.8 percentage points between January and March 2016 (and 1.1 percent in year-on-year terms), to 14.1 percent. This translates into nearly 672,000 sqm of vacant space. The rate was slightly higher in central locations (14.2 percent) than outside the center (14...

Locked content Four bidders for construction of boulevard in Warsaw

Warsaw’s Vice President Michał Olszewski has announced that Skanska, Strabag, Warbud, IDS-BUD and Mostostal have made an offer for the construction of boulevards in Warsaw. The project’s deadline is autumn 2017. The boulevards will probably be ready before the summer season. The selected...

Locked content Second metro line anniversary

The second metro line was launched in Warsaw on March 8, 2015. “During this year, it was used by 35 million people, ” Warsaw Metro reports. On average, 110,000 people ride the second line’s stations every day. It took around 5 years from the date of signing the contract to build th...

Locked content Orange to sell 37 properties in Warsaw for PLN 250 million

Telecommunications firm Orange Polska is planning to sell 37 properties in Warsaw, Gazeta Wyborcza reports. The vast majority of these properties are unused assets left over from Orange’s acquisition of Telekomunikacja Polska SA. These properties vary greatly in nature, from singular buildings...

Locked content Ghelamco to develop office scheme near Warsaw Spire

Property developer Ghelamco will carry out another office scheme in Warsaw, Wronia 31 will be located next to Warsaw Spire. Construction work on the new office scheme in the Wola district of Warsaw, at Europejski Square has already started.  The 15-storey Wronia 31 will feature 16,000 sqm of GLA. It...

PiS wants to separate Warsaw from the rest of Mazowsze

The current government wants to detach Warsaw from the rest of the Mazovian voivodeship and create two separate voivodeships in its place. The most telling indication yet came on Wednesday when Law and Justice MP Jacek Sasin directly revealed such intentions in a talk with TOK FM. “The party w...

Locked content New shopping center to be built in Warsaw

A new shopping center the size of Arkadia will be built next to Rondo Daszyńskiego by Griffin Real Estate. The company plans to build it on the site of the current Jupiter center, which is scheduled to operate only until the halfway mark of next year. The plans call for the demolition of the present...

Locked content S+B to develop new scheme in place of Universal

S+B Gruppe, the owner of Universal building located on Aleje Jerozolimskie in Warsaw is planning to construct new real estate in the area around the investment, a press release read. Austrian S+B acquired Universal at the end of last year. PKP BP, the owner of Rotunda, which neighbors Universal said...