Echo receives occupancy permit for Warsaw Brewery building

29
Apr
2020
News - Echo receives occupancy permit for Warsaw Brewery building #development #Echo Investment #mixed-use #office #Poland #Warsaw

by Property Forum | Office

Construction work on Villa Offices, the highest commercial building in Warsaw Brewery mixed-use complex, has been completed by developer Echo Investment. WeWork will soon open its headquarters in the new office building.


Villa Offices is a 55-metre building with a total area of over 16,000 sqm. Tenants of global co-working office space network WeWork will soon be the first to start operating there. On the ground floor of the building, service premises are being built with completion planned for the end of 2020.

The building features bicycle racks, cabinets and drying cabinets are available in a garage, as well as two stations for charging electric cars. Office tenants also have at their disposal green terraces, located on the top floors where it’s possible to plant and care for various species of perennials, grasses and herbs. Such green roofs encourage birds to nest and are an attractive place for bees, butterflies and insects, which contributes to increasing urban biodiversity. The office building received an 'Excellent' BREEAM rating at the design stage.

Offices of Warsaw Brewery account for over 50% of this revitalisation project. In December 2018, Echo Investment put into operation Gatehouse Offices, where L'Oreal, WeWork, EPAM Systems Poland and Sony Interactive Entertainment operate.

In the immediate vicinity of The Villa Offices, Echo Investment is developing Malthouse Offices. It will be the largest office building in the whole complex. The facade of the building is almost ready with most of the works being carried out inside the building now. The list of tenants will include Grupa Żywiec and Allen&Overy. The completion of works is planned for Q3 2020.

Right next to the historic nineteenth-century Malthouse, the Malthouse Apartments apartment building is being developed. The building will offer 76 apartments, including two-level penthouses. The apartment building is going to be put into use in Q4 2020.

Along Haberbuscha and Schielego Street, Gatehouse Apartments’s units are being fitted-out. The facade of the building is finished. 450 new apartments for long-term rent are being built here. Resi4Rent will hand over them to the first tenants in Q3 2020.

The entire Warsaw Brewery project is planned to be finished at the end of 2020.




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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