Atenor announced the signing of an agreement with an undisclosed investor for the sale of the Lakeside project, located in Warsaw. This transaction, which is expected to be finalised by the end of the year, is a part of Atenor’s debt reduction strategy.
Stéphan Sonneville, CEO of Atenor: “This new sale adds to the seven transactions already signed and being finalised for the year 2024. The reduction of consolidated net debt strengthens Atenor’s balance sheet, which is very valuable in still challenging real estate markets.” This transaction will contribute €62 million to the reduction of consolidated net debt as of 31 December 2024. An additional payment of €5.5 million will be made within 18 months. This transaction will not affect the result of the second half of 2024.
With tenants such as LuxMed, HPE, Polenergia Fotowoltaika, and Tetra Pak, Lakeside currently boasts an occupancy rate of over 95%. A two-year rental guarantee for the remaining vacant space will be provided in the transaction documentation.
Maciej Krenek, Country Director Poland: “Lakeside is not just an office building of over 23,800 sqm; it is a modern centre for living and working. With 4,200 sqm of green spaces, 134 bicycle parking spaces, and 16 charging stations for electric vehicles, Lakeside transforms the Mokotów district in Warsaw into a more diverse and dynamic place.”
