Adgar to expand the Adgar Plaza complex in Warsaw

23
Nov
2022
News - Adgar to expand the Adgar Plaza complex in Warsaw #Adgar #office #Poland #Warsaw

by Property Forum | Office

After its August acquisition of the Renaissance Tower office building in Warsaw's Wola district, the company has increased its holdings in the business district of Służewiec. Another office building will be constructed on a plot of nearly 7,000 sqm, located at 10 Marynarska Street, in the immediate vicinity of the existing Adgar Plaza complex.


The previous owner of the plot at 10 Marynarska Street was Pekao S.A. bank. According to Adgar Poland's plans, a new office building will be built there, significantly expanding the developer's offer in this part of Warsaw. The plot is adjacent to a complex of three office buildings (with a total area of 39,000 sqm) already owned by the company: Adgar Plaza A and B and Adgar Plaza One.

"The development prospects for Służewiec are very promising, and the completed road and transportation investments have significantly enhanced its business and residential potential. The synergy of these two urban functions, characteristic of modern and well-managed agglomerations, is crucial in our investment decisions.For the role of Adgar Poland is not limited to providing comfortable, friendly and flexible working conditions in the company's office buildings. We also take care of the multifunctional aspect of our buildings, so that the local community can benefit from many non-office services in them. The presence of nurseries, kindergartens, stores, cafes, restaurants or fitness clubs in our properties allows us to create a space that is vibrant even after office hours, and additionally fits in with the trend of so-called "15-minute cities","  says Michael Mevorach, Country Manager, Adgar Poland. In addition to the property at 10 Marynarska Street, Adgar Poland has also recently purchased a smaller plot of land (750 sqm), located between the new development and Adgar Plaza One. The purchase of the plot consolidates the available space and will enable the functional and visual coherence of the entire Adgar Plaza complex.

The office building to be constructed at 10 Marynarska Street will be the fourteenth in the company's portfolio of Warsaw properties. Their total area as of today is 140,000 sqm.




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New leases

  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.


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