Cromwell Property Group appoints C&W to lease Warsaw buildings

25
Nov
2019
News - Cromwell Property Group appoints C&W to lease Warsaw buildings #Cromwell #Cushman&Wakefield #leasing #office #Poland #Warsaw

by Property Forum | Office

Cushman & Wakefield has been appointed as sole letting agent for Riverside Park and Grójecka 5 in Warsaw, and Arkońska Business Park in Gdansk. Cromwell Property Group acts as the property manager for the buildings.


“Riverside Park, Grójecka 5 and Arkońska Business Park are well-established schemes on their respective local office markets. Each offers high-quality office space in well-connected locations and at competitive rents,” said Anna Górska-Kwiatkowska, Partner, Landlord Representation, Office Agency, Cushman & Wakefield.

Riverside Park, designed by AukettFitzroyRobinson, is an office complex located near the intersection of Łazienkowska Thoroughfare and Wisłostrada in Warsaw. Its two twin buildings offer 12,700 sqm of Class A office space spread over six aboveground floors.

Grójecka 5, located close to the very centre of Warsaw, offers 11,000 sqm of Class A office space and enjoys easy access to many bus and tram stops, a station of the Warsaw Commuter Railway (WKD) and a regional rail operator Masovian Railways. Rondo Daszyńskiego metro station is one stop away from Grójecka 5. In addition to office space, the building also houses ground-floor services.

Arkońska Business Park is a modern complex of five Class A office buildings with an area of 11,000 sqm, located in Gdansk, close to Lech Wałęsa Airport, the University of Gdansk, Hala Olivia and a line of the Pomeranian Metropolitan Railway. In addition to a 135-space car park, it offers 20 surface parking spaces. It was designed by APA Wojciechowski.

“We appointed Cushman & Wakefield as letting agent for our three office buildings as we share similar values and look forward to achieving the best possible outcomes. We also value the experience and full professionalism of Cushman & Wakefield’s experts who will make sure that each building maintains a high occupancy rate,” said, Anna Szymańska, Director of Office Leasing at Cromwell Property Group.

Cromwell Property Group is a real estate investor and manager operating on three continents, with a global investor base. As at 30 June 2019, Cromwell had total assets under management of €7.5 billion of across Australia, New Zealand and Europe.

In Europe, Cromwell manages €3.9 billion of real estate assets across a variety of funds and mandates, encompassing approximately 205 assets and 3,000 tenants. Cromwell’s strength lies in its real estate expertise drawn from 200+ people in 20 local offices across 12 European countries.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • 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.

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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