Bank PKO BP inked a long-term deal with real estate developer PHN to lease ca. 34,550 sqm office space in Warsaw Skysawa project by Polski Holding Nieruchomości (PHN) to be completed in Q4 2022, PHN said in a market filing without disclosing the value of the deal.
According to Polski Holding Nieruchomości, it is the largest transaction on the commercial real estate market in Warsaw in the last several months. The complex will become the new headquarters of PKO Bank Polski.
The Skysawa office building consists of two buildings, and the upper part of the complex is a 155-meter tower, consisting of 40 floors. The Skysawa complex is also one of the first buildings in Poland connected by a direct underground passage with an underground station.
“The search for new office spaces for the bank has been going on for several years. The pandemic, which changed the way work was performed and the importance of the hybrid model increased, additionally accelerated this process”, says Wojciech Iwanicki, Vice President of PKO BP.
“The conclusion of the transaction shows that there is a demand for centrally located, modern and attractive office space”, adds Marcin Mazurek, president of PHN.
PKO BP will have a pre-emptive right to purchase the office space, PHN said.