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.




New leases

  • 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.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

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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