Tall order for WTT

One of the most prestigious office buildings in the Polish capital, the Warsaw Trade Tower, has hit 70 percent occupancy level. Among the most significant tenants which signed lease agreements in Q1 this year are Axa, Altkom and Techmex. WTT is also homes to tenants such as KPMG, American Express, and Nike Poland. "By the end of this year we plan to reach a 95-percent occupancy level," says Paweł Kłosińki, leasing and marketing associate from Apollo Rida, which owns the building. Kłosiński hinted that several international corporations could be about to sign up for space in the tower, where the average rent is EUR 17.50-18 (zł.69-71).

With a height of 208 meters, the Warsaw Trade Tower is the tallest of the new Warsaw office buildings and the seventh tallest office building in Europe. The building was constructed as the Warsaw Daewoo Center, but shortly after its completion the Daewoo Group ran into financial problems, and the building was renamed the Warsaw Trade Tower. Initially, the building experienced high levels of vacancy, with the only major tenants being KPMG. This situation changed in 2002 when Apollo Rida took over the building for more than $100 (zł.324) million, which at the time was thought to be largest ever purchase transaction in the Polish real-estate market.

WTT is located on the junction of ul. Towarowa and Chłodna in Warsaw. The base of the structure is a six-storey podium with an enclosed atrium. The main tower is topped by a 26-meter high spire. The interior design was inspired by American designs from the 1920s and was also influenced by the Chicago School of architecture.

Agnieszka Barteczko