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The Warsaw Voice » Real Estate » January 7, 2009
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Office Market
January 7, 2009   
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Malta Office Park Cleared for Business

The first phase of the Malta Office Park, built by developer Echo Investment on Abp. Baraniaka Street in the western city of Poznań, has obtained an occupancy permit.

The Malta Office Park will consist of six buildings with a total office space of almost 31,000 square meters. The first phase comprises two buildings with a total leasable area of over 7,000 sq m. The project was carried out between July 2007 and November 2008. Tenants include Polsoft, Newell Rubbermade, Inotel, Medicover, Intermedica, Żagiel, Axa, Reiffeisen, OCE Poland, Martela, and Allianz.

The six Malta Office Park buildings will be linked via an underground parking lot. Around 2,500-3,000 people will work in the complex once it is completed.

The Malta Office Park was designed by the Litoborski-Marciniak architectural studio in Poznań.

The shell of the second phase is nearing completion. This phase, providing a total of 13,000 sq m of space, will see three buildings put up, two with five levels and one with six. Construction started in April 2008 and completion is scheduled for October 2009. The final construction phase will be a six-story building with almost 7,000 sq m. If things go as planned, the whole of the Malta Office Park will be open for business in 2010.

WestLB Bank Polska Moving to Horizon Plaza

Commercial bank WestLB Bank Polska has leased over 1,300 sq m in Horizon Plaza in Warsaw's Mokotów district, a center that comprises two buildings forming a single office complex. WestLB will move to its new headquarters in the second quarter of 2009.

WestLB Bank Polska was represented by real estate services company Colliers International in negotiations concerning the terms of the lease.

Half of Trinity Park III Leased Out

Kraft Foods Polska and Lu Polska will soon move into the Trinity Park III office building, the latest Warsaw project by developer Ghelamco Poland on Domaniewska Street. The two corporations will occupy a total of 3,000 sq, or most of the third floor of the building, whose total floor area is 32,000 sq m.

Kraft Foods is the world's third largest producer of food and beverages after Nestlé and PepsiCo. Lu Polska produces popular cookie brands such as Delicje, Pieguski, Lu Petitki, Petitki Lubisie, and Pierniczki Alpejskie.

Including the lease contracts with Kraft Foods Polska and Lu Polska, Ghelamco Poland has rented out 50 percent of the office space available in the building. The tenants will be able to move in in October 2009.

Trinity Park III was designed by the Jaspers & Eyers Partners architectural studio in Belgium. Every floor in the building will offer an average of 4,700 sq m of space. Trinity Park III will have a three-level underground parking garage with room for 720 cars. The ground floor will house stores and service outlets, including a lunch bar and a newspaper stand.

The Trinity Park I and Trinity Park II buildings are sized 15,800 and 24,500 sq m respectively. All the space in both buildings has been rented.
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