Multidekor extends lease of 23,000 sqm near Warsaw

25
Jul
2023
News - Multidekor extends lease of 23,000 sqm near Warsaw #logistics #Multidekor #Poland #Savills IM #warehouse #Warsaw

by Property Forum | Industrial

Savills Investment Management has signed an extension agreement with Multidekor S.A. concerning the lease of approx. 23,000 sqm of space at Konotopa Park II logistics centre near Warsaw. The lease has been extended by five years.


Founded by brothers Grzegorz and Tomasz Podogrocki, Multidekor has been operating continuously in the Christmas decoration industry since 1996, creating professional illuminations for cities and shopping malls. Multidekor has been a tenant at Konotopa Park II since the facility's opening in 2018. It is where the company has established the largest and most modern Christmas illumination production centre in this part of Europe and where decorations are created for facilities located not only in Poland but also in Germany, the UK, France, Romania and Hungary. A massive warehouse with a multi-level storage system and a service area has been created at Konotopa Park II. Having warehouses in the same place as the production hall facilitates Multidekor’s efficient management of the distribution of its products worldwide.

Natalia Iwaszkiewicz, Asset Manager at Savills IM Poland, commented: "We are happy to have signed a lease extension with Multidekor, the largest tenant of Konotopa Park II and also one of the first. The superb location of our facility and its multifunctional nature support the growth of our clients in various areas. Since the acquisition of Konotopa Park II in 2019, we have been striving to continuously improve the functionality of this warehouse complex in order to meet tenants’ needs even better. We are delighted that the facility, and the investments we have made, have been positively evaluated and we will have the pleasure of working with Multidekor for the next seven years."

Grzegorz Podogrocki, CEO at Multidekor S.A., said: "For us, the continued growth of our production and logistics centre is a natural consequence of the implementation of Multidekor’s long-term strategy. We are constantly increasing our presence in global markets, partly thanks to the opportunities offered by the modern and well-connected space at Konotopa Park II. In addition, it is BREEAM environmentally certified, which is perfectly aligned with our corporate responsibility policy. As an organisation, we adapt all our activities to minimise our climate impact. This applies to every aspect of the company’s operations. We act for local communities, and environmental aspects or we select partners who, like us, value a responsible approach to the environment. Every year, when creating energy-efficient illuminations and themed sets for shopping malls, streets and squares in cities around the world, we think in terms of all the processes involved – from design to production, use, or recyclability, to the place where they are made and stored."

Konotopa Park II is located 13 kilometres west of the centre of Warsaw. The complex is located at the “Konotopa” interchange connecting the A2 motorway and the Warsaw ring road, as well as close to the “Mory” interchange. The location of the warehouse enables fast access to Warsaw Chopin Airport and good road transport to other regions of Poland.

Konotopa Park II offers a total of over 42,000 sqm of Class A warehouse space and has a BREEAM In-Use certificate at “Very Good” level. The facility is fitted with systems, such as ESFR sprinklers and smoke dampers, skylights, as well as 24-hour security service. The warehouse space can be flexibly arranged for storage and light manufacturing. In addition, ample parking spaces for cars and trucks and truck manoeuvring areas are available on site. Konotopa Park II has been part of Savills IM portfolio since 2019.




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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