Banking sector in

Banks as office space occupiers

Location trends In the past few years, banks were involved in several major lease transactions concluded on the office market. During the Taking into consideration the commercial banks operating in period of 2008-2009, which was record breaking in terms of Poland, the majority of headquarters are located in Warsaw (34 transaction volume in the city, leased 39,000 sq m out of 43), W TC P Katowice in Lipowy Business Park at Ż W the location for several K (1 bank each). departments, but the headquarter is still situated within the city centre at Grzybowska street), relocated to the Such a location for banks is a natural result of the dominant Ż R B Polska leased 8,000 position of Warsaw as the administrative and economic capital of sq m in the Blue City project for back office operations. Poland. It is also the most developed office market with a 65% share in the total stock (considering Warsaw and the six major The trend of moving part of operations to areas outside K W TC P Ł and the city centre or to other regional cities where rents are lower Katowice). and human resources less expensive increased in this period. We expect that this tendency will continue in the coming years as a Traditionally, banks and other financial institutions locate their response to the need to further reduce operating costs. This is headquarters in the city centres and fringe of city centres. Out of connected with the economic slowdown, especially in the Euro the 34 banks headquartered in Warsaw, as many as 16 are located zone where the majority of parent companies of Polish financial within the Core (Central Business District) and the City Centre. institutions are situated. These include some of the major banks in Poland such as Bank Pekao (Grzybowska 53/57)1, w Warszawie When analysing the leasing activity over the last 12-18 months, it (Senatorska 16), BRE Bank (Senatorska 18), Raiffeisen Bank Polska is noticeable that the Wola district (the area located within or P B O Śska (Al. J P II In close to the City Centre office subzone), is gaining in popularity the same vein, of the nine banks with headquarters outside of among banks and occupiers from other sectors. This region is Warsaw, five of them are located in city centres. chosen by many financial institutions that search for a location both for their headquarters as well as regional offices. The O n Warsaw are examples of banks that have recently decided to locate their U S G M Swiec headquarters/regional offices to this area include: P as Wola district (especially around the Towarowa and Kasprzaka streets), mainly due to their proximity to  Bank Nordea, who at the end of 2011 leased 7,200 sq m of the city centre and good transport accessibility. According to the office space in Green Corner on C conducted survey, close proximity to public transport, especially was completed in Q4 2012), the metro line, is one of the most important factors taken into consideration by banks when choosing a location for their  leased space in Wola Center (currently premises. under construction) on Przyokopowa street, where the bank will occupy approx. 10,000 sq m, PKO BP, the major bank in Poland as well as Bank Millennium have  B P S in November 2012, the office their headquarters in M PKO BP P B building at Grzybowska 81 was completed with an office area Millennium at Ż Several smaller banks are located in the of 8,300 sq m (the new HQ), S Powy including: Bank BNP Paribas, Bank DnB NORD, Getin Noble Bank, Sygma Bank and Pekao Bank  B O Ś who in the first half of 2013 is going Hipoteczny. In the West subzone close to the city centre fringe, HQ A J P II there can be found the headquarters of Bank Gospodarki F Ż Ż K B B) WBK B P S. DTZ is of the opinion that over the next couple of years, the Wola

R D for banks but also companies from other sectors. This is a result of improving accessibility of this area (the second metro line), which will influence the gradual change of perception and character of this part of the city (from industrial to commercial and residential).

1 Large part of the bank’s departments is located within Ochota district at wirki i Wigury 31

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Banking sector in Poland

Map 1 Location of headquarters of commercial banks in Poland

Source: DTZ

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