My Place in Warsaw by Echo is getting full

05
May
2021
News - My Place in Warsaw by Echo is getting full #coronavirus #Echo Investment #office #Poland #Warsaw

by Property Forum | Office

More and more tenants are moving into the recently completed office building in the project of My Place. The second and last office building belonging to the multifunctional project developed by Echo Investment in Warsaw's Dolny Mokotów has become a new location for companies from different industries such as technology, finance, beauty and creative sector i.e. marketing and advertising. KAN, ArsThanea, Synektik, Networks! or Bozza have joined Echo's list of tenants.


At the beginning of 2021, the second and thus final office stage of the multifunctional project called My Place was put into operation. In 2019, Echo Investment completed the first part of the project – an office building of nearly 19,000 sqm, where among others,the Havas Group, CitySpace, ANG S.A. and Corteva have their offices.

My Place, located between Beethovena and Witosa Streets in Dolny Mokotów, combines apartments, offices and services, thus providing its users with a full spectrum of possibilities. 

“The second office building of My Place is filling up with new tenants. The project was built during the ongoing pandemic, so it was a challenging year. Our immediate response, such as the "Five for Security" program, certainly had an impact on decisions made by our tenants. Ensuring safety and minimizing the risks associated with the spread of the virus has been and still is a priority for us,” says Michał Żelski, regional director at the office department, Echo Investment. “Echo has met expectations of tenants and many of lease contracts were finalized during a rather difficult time for the office market. However, we can see that the situation is stabilizing and more and more companies are starting to make long-term commitments. Tenants appreciate My Place  for its location, flexibility and comfort of offered office spaces, as well as for its friendly courtyards,” he adds.

My Place was one of the first Echo Investment's construction sites where strict procedures connected with epidemiological safety were introduced. This, combined with a high HSE standard, allowed the project to be completed in line with the planned schedule.

Caring for the safety of tenants, the developer has introduced in both office buildings the "Five for Security" program, which is a set of rules and procedures for the health and safety of office users. Such a guide with the most important rules has been given to every manager of Echo Investment's office buildings. It contains a description of principles and actions concerning hygiene and safety standards.




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New leases

  • Revetas Capital has secured four lease transactions totalling 5,700 sqm of gross leasable area at the Bonarka for Business (B4B) office park in Kraków. The transactions include a new lease agreement with telematics firm Geotab, alongside three lease renewals. Geotab has taken up office space in Building E of the complex. Concurrently, KION renewed its commitment to 4,000 sqm of office space within the same building. The remaining two lease renewals were finalized for spaces in Buildings F and D. Cushman & Wakefield represented Geotab, and JLL advised KION on the deals.
  • Sirowa Poland has relocated its office in the revitalised mixed-use Centrum Praskie Koneser complex. The international distributor of cosmetic and pharmaceutical brands leased 958 sqm in Building P at the development, in a deal brokered by Savills.
  • International fashion retailer Primark has opened its fifth Romanian store, spanning 3,185 sqm, at ElectroPutere Mall in Craiova, marking its debut in the country's south-west region. The launch follows a €10 million investment.

New appointments

  • 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.
  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.


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