Łódź office complex tops out

20
Dec
2018
News - Łódź office complex tops out #Avestus Real Estate #development #Lodz #office #Poland

by Property Forum | Office

The Imagine office complex in Łódź is entering its final phase of development. Buildings A and B feature the symbolic topping out, which means that the highest construction point has been reached. The investment carried out by Avestus Real Estate at the intersection of Piłsudskiego and Śmigłego-Rydza avenues in Łódź will be ready to receive tenants in Q3 2019.


Nine months – this is how long the general contractor of the office part of the Imagine complex, Eiffage Polska Budownictwo S.A., needed to complete the construction of two six-storey office buildings. The first elements of the façade have already appeared on both buildings, and in the coming weeks acoustic screens will be installed on the roof. At the same time, insulation and thermal insulation works are also being carried out, and inside the buildings – masonry, plastering and installation works. So far, a bicycle path from Rydza-Śmigłego Avenue, as well as a dedicated heating connection have also been completed as part of the entire investment. All conflicting elements of underground infrastructure which hindered the reconstruction of the junction from Piłsudskiego street have been removed.
 
The Imagine complex also features a six-storey overground car park. The construction and façade of the garage were completed in September this year, and the last finishing works are currently underway. GOLDBECK is responsible for this part of the investment.
 
As part of the Imagine project, a Class A office complex is being built, consisting of three buildings. Two of them (six-storey facilities) will offer a total of 17,200 sqm of commercial space: 14,800 sqm of office space and 2,400 sqm of retail and service space. The third one will house an overground garage offering 356 parking spaces and 49 double bicycle racks.
 
The tenants of Imagine include Bluerank, a technology company which will develop 2043 sqm. of office space, the bilingual Kids&Co kindergarten and Olimp Restaurant, which will arrange retail and service space located on the ground floor of building B.
 
The Imagine office complex was designed by the DDJM Biuro Architektoniczne studio with Colliers International responsible for commercialization. The complex is scheduled to be delivered in Q3 2019.



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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