My Place in Warsaw by Echo Investment is ready

22
Feb
2021
News - My Place in Warsaw by Echo Investment is ready #Echo Investment #mixed-use #office #Poland #Warsaw

by Property Forum | Office

Echo Investment has commissioned a second office building in My Place, a multifunctional project located in the Warsaw's Dolny Mokotów district. As a result, an urban quarter combining offices, residential and commercial premises has been completed.


The construction of My Place started in 2017. The plan of Echo Investment was to create a multifunctional part of Dolny Mokotów district that combines office buildings, apartments, service points and well-designed public space. In 2019, the developer completed the first part of the project – an office building with an area of nearly 19,000 sqm, which includes offices of companies such as Havas Group, CitySpace, ANG S.A. and Corteva. In July 2020, the occupancy permit was granted to the residential part of the project. The five buildings contain 243 apartments.

“Between Beethovena and Witosa streets, a multifunctional space for office workers, residents and visitors was created. By commissioning the second office building, and thus completing the construction of the entire complex, we've provided a total of 36,000 sqm of modern office space to the market. I am convinced that thanks to the diversity of the functions located here, everyone will be able to find their place here,” says Rafał Mazurczak, member of the management board of Echo Investment.

During the construction of the office part of the project, energy-efficient and pro-ecological solutions and technologies that support sustainable development were applied, as confirmed by the Excellent and Very Good certificates. The JEMS Architekci design studio was responsible for the architectural design of My Place.

“At the construction site of My Place, we've introduced strict procedures related to epidemiological safety as well as a high standard of HSE. All this allowed for the work to be carried out continuously. The second stage of the project with an area of over 17,000 sqm was built within 17 months and with that, we've completed the project in accordance with the planned schedule,” says Krzysztof Curyło, project manager in the office department of Echo Investment.

To ensure the safety of tenants, the developer has introduced the "Five for Safety" program in both office buildings, which is a set of rules and procedures promoting the health and safety of office users. Each manager of the Echo Investment office building has received such a guide with the most important applicable rules. It includes a description of the principles and actions related to standards for maintaining hygiene and safety.




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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