The Adgar Group makes further investments in Warsaw (PL)

The Adgar Group, which already has in its portfolio Adgar Plaza, Adgar Business Centre and Adgar Business Centre II office buildings, and also the Adgar Plaza Conference Centre, all situated in the Mokotów Business District, has made another investment in Poland's capital.

BMW Inchcape

BMW Inchcape's showroom and service point are situated on the plot.

The company has purchased a property on Aleja Prymasa Tysiaclecia in Warsaw's Wola district, on which BMW Inchcape's showroom and service point are situated, with over 4,000 m² of leased area on a plot of about 8,000 m².

"The purchase of this property in Warsaw is in line with our growth strategy, according to which we will continue to invest in income-producing assets. Our results in the Warsaw market so far, mainly the success of the lease of the office space in our technologically-advanced Adgar Plaza office buildings, are encouraging us to increase our activity in Warsaw.

"We intend to realize further investments in Poland, and we are currently looking for more land for development in Warsaw," said Eyal Litwin, Vice-President in Adgar Investments & Development Ltd.

"This sale of the Inchcape property reflects the high quality covenant of the tenant and the excellent long term development potential of the site," said Neil Gregory-Eaves of Colliers International, who represented the vendor in the sale.

Other projects managed by the Adgar Group in Poland include Adgar Business Centre and Adgar Business Centre II office buildings, with a total area of 19,200 m², situated in Warsaw.

The company is also engaged in its most technologically-advanced project to date, Adgar Plaza, comprising a total area of 27,000 m², which together with the Adgar Plaza Conference Centre and Adgar Business Centre forms the Adgar complex, with its unique range of additional business and leisure facilities conveniently located in the Mokotów Business District of Warsaw.

Source: Questia Sp. z o.o.

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