WARSAW-This emerging Central Europe financial center will soon welcome a new constituent, as international law firm Squire, Sanders & Dempsey has signed on at Rondo 1, a sleek 40-story office tower recently added to the skyline. The firm has been active regionally since the early 1990s, but its Warsaw office will be SS&D’s first in Poland.

SS&D will occupy nearly 20,000 sf on the eighth floor of Rondo 1, an 800,000-sf development acquired last year by a partnership of Australian investor Macquarie and UK-based London & Regional Properties for a price said to exceed $350 million. Despite having just opened in 2005, the sale was the third such event for the tower, reflecting investment interest in Warsaw that has continued to heighten as a result of the solid economy.

Designed by American architectural giant Skidmore Owens & Merrill and constructed to address a dearth of modern space in the city, Rondo 1 has proven to be a popular option among users. Upon closing last summer, the new owners unveiled a strategy to increase the presence of global tenants, which at the time comprised about half the occupancy. While they did not disclose what the current level is, the landlords initially expressed a desire to attain a figure closer to 80%. Current occupants include Calyon, Ernst & Young and Volkswagen.

A multi-disciplinary law firm whose practice extends into Asia and the Americas, DD&S anticipates the Rondo 1 office will open by November. The tenant was represented in negotiations by Colliers International. The Colliers brokerage team was led by Marek Ciunowicz, associate director, who explains that the building was selected due to a combination of quality product and layout flexibility, plus Rondo 1′s location near the city’s main transit station. “Rondo 1 is not only cutting-edge modern architecture, but it also includes excellent facilities,” says Ciunowicz, including ample common areas to foster interaction among tenants, plus extensive parking.

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?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


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 © 2024 ALM Global, LLC. All Rights Reserved.