- CBRE Office Agency gains 25% market share in Poland –

Warsaw, 26 February 2013 – CBRE, the world’s leading commercial real estate advisor, has announced its office agency market share results for 2012. CBRE Office Agency has gained 25% market share in Poland and this figure is the best ever achieved by the Company’s office agency division.

In 2012 Office Agency – Landlord and Tenant Representation divisions - negotiated the leasing of over 182,000 sq m of office space all over Poland.

The largest office transactions included the lease of nearly 19,000 sq m to BPH Bank in the Euro Office Park in Tricity; 12,600 sq m to Poczta Polska in Warsaw’s Domaniewska 37C office building; 9,000 sq m in the Feniks building in Warsaw to Bank Ochrony Środowiska and Credit Agricole in Warsaw’s Business Gardens for 5,800 sq m.

The Tenant Representation division has been very active outside Warsaw, completing the most significant deals in Tri-City, Wrocław, Katowice, Kraków, Bydgoszcz, Szczecin and Poznan.

The Landlord Representation Team division represents currently 18 projects totaling 121,000 sq m to be leased in the country. The major instructions include Rondo 1 (66,000 sq m), Ocean Business Park with Ambassador (16,000 sq m) and Pacific (12,500 sq m), Konstruktorska Business Center (48,000 sq m), Nimbus Office (20,000 sq m), Alchemia in Gdańsk (14,000 sq m) and Wilson Office Park in Poznań (15,500 sq m).

In 2012 CBRE’s spectacular growth was possible due to its careful recruitment plan which attracted key hires such as: Radosław Pawlak, Konrad Szaruga, Paweł Dobrowolski, Tomasz Kwiatkowski, Karolina Śliwińska and Anna Wilhelmsson.

‘The Polish office market performed very well despite a challenging business environment. In 2012 many new players entered the Polish market, but the most noticeable trend was the expansion of already established companies. There was, again, a record number of sq m leased last year.” – said Łukasz Kałędkiewicz, Director of CBRE Office Agency.

‘It is worth emphasizing that the situation of local office markets are improving. Number of large transactions in regional cities proved that Poland is regarded as one of the key BPO destinations. International occupiers plan to diversify their operations in terms of regional spread – they have already established one office in Kraków and they are looking at other regional cities like Poznań or Łódź. In Warsaw we observe that companies, especially from banking and finance sector, are looking for cost saving possibilities and actively search for the cheapest solutions, both in terms of location and space reduction. Instead of organic growth observed until now, this year we should witness consolidation trend as well as the implementation space optimization philosophy and an increased focus on innovative workplace strategies.’ – added Daniel Bienias, Director of CBRE Office Agency – Tenant Representation & BPO Services.