MidPoint71 in Wrocław reaches its highest level

21
Jun
2021
News - MidPoint71 in Wrocław reaches its highest level #Echo Investment #office #Poland #Wrocław

by Property Forum | Office

MidPoint71, the office building developed by Echo Investment in Wrocław, has reached its target height, which was symbolized by a traditional topping out ceremony. Currently, facade and installation works are in progress. The next stage will be finishing the interior of the office building. The facility is scheduled to receive its occupancy permit in the fourth quarter of 2021.


Development of the MidPoint71 project began in December 2019. The project, consisting of a lower 6-story and a higher 14-story part, will provide 36,000 sq.m of modern office space to the Wrocław market.

“Topping out is a symbolic and one of the most important stages of the project. It means that we have already reached the target height of the building and we are approaching the end of construction. The next stages we are going to focus on now are facade and installation works, as well as finishing the interior of the office building. Despite the difficulties related to the pandemic and the recent turbulence on the building materials market, we are sticking to our schedule. Obtaining the occupancy permit and handing over the space to tenants is scheduled for the fourth quarter of 2021,” says Marek Chmielewski, Project Manager in Echo Investment's Office Department.

MidPoint71's tenants already include 3M Global Service Center, which will consolidate its Wrocław offices here, and Pyszne.pl – a provider of an innovative service for ordering food.

“Wrocław, despite a rather difficult pandemic time, is still a very attractive market for companies and investors. We have believed in the potential of this city for the last 10 years, as we are developing our seventh office project here, namely MidPoint71. We are getting closer to completing the investment, which was appreciated by our tenants leasing a total of more than 20,000 sq.m. Excellent location, elegant architecture, flexible office spaces, spacious terraces and a range of services at fingertips will make our tenants feel comfortable. We also see a lot of interest from other companies in our project," says Katarzyna Kubicka, Regional Director of Echo Investment's Office Department

The investor also took care of solutions helping to save energy and water, supporting waste management policy and minimizing the building's impact on the environment, to name a few. This is confirmed by obtaining the Excellent BREEAM certificate.




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New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • 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.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • 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.


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