Globalworth takes on the management of WTT

11
Dec
2020
News - Globalworth takes on the management of WTT #Globalworth #office #property management #Warsaw

by Property Forum | Office

Warsaw Trade Tower, one of the tallest skyscrapers in the Polish capital is now being managed by its owner, Globalworth.


“By taking over the management of the Warsaw Trade Tower we have taken the first steps in speeding up enhancing the standard of this building. After the extensive renovation of the main lobby, the building’s other common areas are also to be refurbished. The technical and functional improvements we are planning will put WTT in pole position in the race for modern working space. Since the acquisition of WTT in the second quarter of 2019, we have spent tens of millions of złoty on its modernisation, but this is only a fraction of the work we have planned for this office building”, says Artur Apostoł, the COO of Globalworth Poland.

Warsaw Trade Tower is a 42-storey office tower in Warsaw’s Wola district and is also one of the tallest skyscrapers in the Polish capital. In April 2019, the property was acquired by Globalworth – a leading office investor in Central and Eastern Europe. The building comprises more than 45,000 sqm of office space, which includes attractive common areas, most of which have now been renovated. Insurance company AXA chose Warsaw Trade Tower for its Polish head office, along with such companies as American Express, Avanssur, Leroy Merlin and Mattel. The building also has 400 parking spaces. It is located on ul. Chłodna, near the junction of ul. Towarowa and al. Solidarności, while also being close to the Rondo Daszyńskiego metro station.




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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