Global real estate advisor Savills has acquired Knight Frank’s commercial property and asset management team in Poland.
As a result of the arrangement, 35 employees will join Savills whose Polish property management portfolio will now surpass 1.2 million m2, including retail and mixed-use projects.
The Knight Frank portfolio consists mainly of office buildings in Warsaw and other large Polish cities.
These include West Station I and II (115,900 m2), Miasteczko Orange (77,100 m2), and Maraton A and B (39,300 m2) in Poznan; Green Towers A and B (36,600 m2) in Wroclaw; Arkonska Business Park (30,800 m2) in Gdansk and Kapelanka (22,000 m2); as well as Jacobs CH2M Center (18,000 m2) and MK29 (11,000 m2) in Krakow.
James Sparrow, CEO, Savills UK and EMEA, said: ‘As part of Savills strategy for the development of our business in Europe, the growth of our asset and property management teams remains a key priority and focus. The Knight Frank property management team in Poland has an excellent reputation and we are very excited about them joining our business. Poland is an important growth market for us.’
Tomasz Buras, CEO, Savills Poland, added: ‘We have made a very important step towards further growth of Savills in Poland that will enable us to double the scale of our property management business and significantly strengthen our position in the office sector. With well over 1 million square metres under our management, we are joining the ranks of the leading commercial property managers in the Polish market.’
Heading the expanded property management at Savills Poland will be Michal Bryszewski, who has been the head of property & asset management since June 2021.
Knight Frank’s Izabela Miazgowska takes over as head of office property management, working with Wioletta Nowotnik, associate director in the property management team.
Marta Mikolajczyk-Pyrc will continue as head of retail & mixed-use property Management, while Przemyslaw Piórek will be responsible for industrial property management.