Generali acquires Warsaw office building

07
Aug
2018
News - Generali acquires Warsaw office building #Europa Capital Partners #investment #office #Poland #Savills #Warsaw #White Star Real Estate

by Property Forum | Investment

Generali Real Estate acquired Małachowski Square office building from Europa Capital Partners and White Star Real Estate, with Savills acting as the buyer’s commercial advisor.

Małachowski Square is a Class A office building located within Central Business District in Warsaw. The property completed in 2014 consists of a modernized, renovated and extended historical part as well as a newly built wing. The building offers over 12,200 sqm of office space together with nearly 2,300 sqm of retail space suitable for restaurants, cafes and luxury boutiques. The property’s tenants include a leading coworking space provider and prestigious law companies.
 
Generali Real Estate is one of the world’s leading real estate asset managers, with €28.7 billion of property assets under management as of end of March 2018.



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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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