JLL secures property management deal in Bucharest

10
Jan
2017
News - JLL secures property management deal in Bucharest #Bucharest #JLL #office #property management #Romania

by Ákos Budai | Office

JLL has been selected by the new owner of Swan Office & Technology Park as property and asset manager of the office building located in the Northern part of Bucharest. JLL's responsibilities comprise maintaining relations with tenants and extensive operational management services including overseeing subcontractors and maintenance costs.


Swan offers 29,124 sqm of office and commercial space in 3 buildings and its tenant include Dante International, Flanco Retail, Fashion Days, Mercedes-Benz, Tecnoservice, BIC and Renovatio.

Swan Office & Technology Park was developed by Chayton Capital LLP, after an investment exceeding €50 million, and inaugurated in the second quarter of 2011, being the first project in Romania to achieve a post construction BREEAM certificate. The office project has been in insolvency since March 2013 and last year the insolvency administrator has sold the project to Smartown Investments.
 
JLL currently manages a portfolio with a total size of 203,000 sqm that includes Colosseum Retail Park, Liberty Center, Green Gate office building and 9 industrial projects.



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New leases

  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.
  • 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.

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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