Poland

Polish Real Estate Market
Major office developments under construction
Name Location Area (m 2 ) Developer
Generation Park
West Station I-II
Warsaw Spire A
Q22
Gdański Business
Center II
Astrum Business
Park
Proximo
Eurocentrum Office
Complex II
Wołoska 24
Atrium 2
Prime Corporate
Center
Source: EY
Central
Wronia
Non-central
Jerozolimskie Ave.
Central
Grzybowska / Towarowa St.
Central
Jana Pawła II Ave.
Non-central
Inflancka St.
Non-central
Łopuszańska St.
Non-central
Przyokopowa St.
Non-central
Jerozolimskie Ave.
Non-central
Wołoska
Central
Rondo ONZ
Central
Grzybowska St.
84,000 Skanska
68,400
HB Reavis/Xcity
Investment
60,000 Ghelamco
53,000 Echo Investment
50,000 HB Reavis
30,000 Prochem
26,400 Hines
25,000 Capital Park
21,000 Ghelamco
20,000 Skanska
20,000 Golub GetHouse
According to project announcements, more
than 400,000 m 2 of modern office space
will enter the Warsaw market in 2016.
Around half of the planned space is located
in the city center. However, that prediction
is subject to a number of variables, as
developers and their lenders take a more
cautious approach to speculative projects. It
is expected that some of these projects will
be delayed until such time when reasonable
level of pre-leasing has been achieved.
Demand
The demand for modern office space comes
mainly from:
• Polish and foreign companies who are
based in Poland and have participated in
the rapid economic growth;
• new entrants into the Polish market,
particularly evident in 2004, just after
accession to the European Union and
again during 2007 and 2008;
Poland. The real state of real estate | 7