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WARSAW-The engineering firm Ove Arup & Partners International Ltd. has signed a seven-year lease for 15,145 sf at Saski Crescent, a 160,000-sf, nine-story class A office building in the CBD here that was completed in 2003. Ove Arup is taking space that has never been occupied and has a 4,850-sf expansion option.

Located at 16 Królewska St., Saski Crescent is situated near Saski Park and several hotels. The building owner is Europolis Invest, an Austria-based real estate investor.

A local industry source tells GlobeSt.com the building sat largely empty for two years before beginning to lease up. Activity has been brisk since the start of the year, however, and the building is now 75% leased, according to the source.

Ove Arup & Partners was represented by Robert Karniewski and Marcin Kania with Colliers International in Warsaw. The negotiated lease rate was not released by the parties involved. The asking lease rate for space in Saski Crescent is Euro 18.50 per sf per month.

Ove Arup will relocate from 20 Piekna St, a class A CBD office building developed in late 1990s. The company currently occupies about 13,000 sf.

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