Warsaw Trade Tower filling up with tenants

Five lease agreements for a total of 3,600 sqm of space have been signed at the Warsaw Trade Tower (WTT) office building in the Polish capital since the beginning of this year with the latest deal, for almost 800 sqm, having been concluded in recent weeks. The skyscraper, which is owned by the Akron Investment Central Eastern Europe II fund and asset managed by Heitman, is currently 90 percent leased out, said Sebastian Świstak, a senior associate at Colliers International, which brokered the lease transactions representing the owner. This is a relatively good result considering the fact that the vacancy rate in the office property market in the Polish capital now stands at 13.9 percent, Świstak added. Completed in the late 1990s and located in the Wola district of Warsaw, the WTT was one of the first modern office towers in the city. The building was thoroughly modernized and rebranded in 2015-2016.