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.




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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