Karolkowa Business Park to keep a key tenant for longer

06
Sep
2022
News - Karolkowa Business Park to keep a key tenant for longer #lease #office #Poland #Warsaw

by Property Forum | Office

Krajowy Ośrodek Wsparcia Rolnictwa (KOWR) has renewed its lease agreement at the Karolkowa Business Park office building, owned by the Menora Group, Shikun&Binui Group and M&A Capital. According to data from the Polish Chamber of Commercial Real Estate, ​the renegotiation of the 10,000 sqm contract is one of the largest transactions in the Warsaw office market for Q2 2022.


Krajowy Ośrodek Wsparcia Rolnictwa is a state-owned institution that aims to develop Polish agriculture and rural areas in the country. Among the tasks of KOWR are investment activities in the field of innovation and renewable energy sources, as well as the management of agricultural property of the State Treasury. The tenant moved into Karolkowa Business Park in 2015. The contract extension means that KOWR will remain in this location for another six years.  

"As part of our contract renegotiation, we decided to set up a new customer service office – it is available on the ground floor of the building. We chose this location for a number of reasons. The office building is perfectly located, with a metro station– Rondo Daszyńskiego - and numerous public transport options nearby. So it’s within easy reach for all the people who work with us no matter where they live in the capital. Karolkowa Business Park also provides us with a comfortable workspace, and the building itself is innovative, environmentally friendly and energy-efficient", says Artur Gruszczyński, Acting Director of the Administrative Office, National Agricultural Support Centre (KOWR).  

"We are proud of the fact that Karolkowa Business Park will remain the headquarters of such an important Polish state institution as Krajowy Ośrodek Wsparcia Rolnictwa. The extension of the lease agreement confirms that the building meets the tenant's high technical and organizational requirements", comments Sylwia Pytko-Burska, Asset Manager at M&A Capital SARL.

Karolkowa Business Park is an 11-storey class A office building which is stylish and modern, with roof terraces and green gardens available for tenants and guests alike. The glass façade of the building incorporates restored, historic fragments of the walls of the first Philips factory in Poland. The ecological solutions applied in the office building have been confirmed by a BREEAM “Excellent” certificate.  

"Karolkowa Business Park is distinguished by its unique atmosphere – it is an office building that combines history with modernity. Numerous building solutions and innovative technologies are complemented by green areas where you can rest and recharge your batteries. Our tenants can also enjoy the convenience offered by the availability of a large number of parking spaces for cars and bicycles. There are also other amenities in the complex, such as a large FRAC delicatessen and very interesting culinary concepts, such as the Shoku restaurant and Europe's first Shell Cafe Premium. It is worth noting that, in addition to KOWR, we have also recently had contracts extended with such esteemed brands as Electrolux and Volkswagen Home", adds Sylwia Pytko-Burska.

The Karolkowa Business Park building offers a total of 18,500 sq m of A-class office space. The office building is 96% occupied. The asset manager for the office building is M&A Capital Sarl.




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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