CPI Property Group buys one more Warsaw office building

10
Mar
2020
News - CPI Property Group buys one more Warsaw office building #CPI #Immofinanz #investment #office #Poland #Warsaw

by Property Forum | Investment

CPI Property Group announced the acquisition of Equator I office building in Warsaw from Immofinanz. The investors previously acquired the Equator IV office building in Warsaw from Karimpol Polska.


“CPIPG’s office platform in Warsaw now comprises 11 office properties across more than 270,000 square metres,” said Barbara Topolska, Country Manager for CPIPG in Poland. “The scale of our operations allows CPIPG to uniformly implement our proprietary management model to drive efficiencies and enhance our ability to meet the needs of our tenants.”

Located on Aleje Jerozolimskie, in the vicinity of Zawisza Square, Equator I was completed in 2008 and comprises over 19,500 square metres of Class A office space located on 15 floors. Equator I is certified BREEAM “Very Good,” thus further enhancing the proportion of green-certified buildings in CPIPG’s portfolio. Equator I was acquired from Immofinanz.




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New leases

  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.
  • American retailer GAP entered the Romanian market at Fashion House Militari, followed by the launch of an Italian Stefanel store at Fashion House Pallady, with a further Stefanel location scheduled to open shortly in Militari.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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