Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.