Karimpol announced today that construction of Equator II will commence shortly on the 21,000 m² second phase development of the Equator Offices complex in Warsaw. The building permit has been already obtained and first tenants are planned for October 2011. The general contractor is PORR. Equator II is a development of Zenith Real, a subsidiary of the Karimpol Group.
Equator II will provide 21,000 m² of modern A-class office space on 12 levels.
The Polish operation is based in Warsaw and oversees the design and construction of Equator II and manages the leasing and other client related activities.
Martin Prokes, representing the Karimpol Group, announced that the construction of Equator II will start with no pre-lease requirement. He adds: "This is an important but rare step on the Warsaw and wider CEE market, and represents a growing level of confidence in market conditions into 2011 and beyond."
Ewelina Kaùuýna, Senior Consultant at Jones Lang LaSalle, the exclusive leasing agent, added: "Because of the global financial crisis Warsaw real estate market was restricted. Most of the investments scheduled to be delivered in 2010 and 2011 were blocked by banks not willing to grant financing. Equator II is one of only a few office buildings to be developed without a signed pre-lease agreement. Therefore first tenants can move in at the beginning of October 2011. Apart from the assured delivery date, tenants will also benefit from high quality modern business working environment in a mature CBD fringe office location."
Equator II will provide 21,000 m² of modern A-class office space on 12 levels. Floor plan design enables efficient and flexible office arrangements for both open plan or cellular space requirements. Additional commercial space located on ground floor can be used for showrooms, retail units or offices.
Equator II will meet all of the requirements associated with a modern office building such as ceiling fan-coils, floor to ceiling glazing, state of the art building management and security systems, eight high speed lifts (7 passengers + 1 goods lift) with pre-selected access control and underground parking located on four underground levels with over 250 spaces.
Equator's II excellent location in Al. Jerozolimskie provides easy and quick access to the public transport (buses, trams and trains), Warsaw international airport, shopping centers and other amenities.
Source: Jones Lang LaSalle