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Record Year for the Office Department of Cushman & Wakefield

The Warsaw office of the leading global real estate services firm Cushman & Wakefield has summarized its performance on the office leasing market for 2012. C&W was involved in leasing transactions totalling 123,000 sq m, 72,000 sq m of which was leased in Warsaw, while the remaining 51,000 sq m was leased in regional cities.

In 2012, total office market take-up in Poland reached 961,000 sq m, of which 607,000 sq m was leased in Warsaw, with regional cities recording take-up of 354,000 sq m. Cushman & Wakefield’s market share accounted for 12.8% of the total office leasing volume transacted in Poland in 2012.

Selected 2012 deals involving Cushman & Wakefield:

  • C&W Tenant representation (an international corporation) – lease negotiations of 14,400 sq m at the Green Towers office complex in Wrocław and lease negotiations of 8,200 sq m at Bema Plaza in Wrocław.
  • C&W represented Polski Holding Nieruchomości S.A. during the negotiations of the lease of nearly 13,000 sq m in the 37C Domaniewska building in Warsaw with Poczta Polska.
  • C&W represented the BOŚ Bank Group in its lease of nearly 10,000 sq m at the Feniks office building in Warsaw.
  • C&W Tenant representation (an international corporation) – lease negotiations of 5,400 sq m at the New Katowice Business Centre.
  • C&W represented Lufthansa Systems during the negotiations of the lease of 3,500 sq m at the Opera Office building in Gdańsk.
  • C&W represented Infosys during the negotiations of the lease of additional space of 2,411 sq m at the Green Horizon building in Łódź.
  • C&W represented BRE BANK during the negotiations of the lease of 2,186 sq m at the Sterlinga Business Center in Łódź.

Richard Aboo, Partner and Head of Office Agency, Cushman & Wakefield, said: “With take-up of more than 607,000 sq m, the Warsaw office market hit another record high in 2012. There is also stronger tenant activity in Polish regional cities than in previous years. Outsourcing and SSC also make up a larger percentage of take-up in regional cities.”