Valad lets 4,000 m² at Techniczna Industrial Park, Warsaw (PL)

Valad, the European multi-let real estate investment manager, in partnership with Aviva Investors, has signed a new lease with Wamtechnik, a global supplier of intelligent power sources, at Techniczna Industrial Park in Warsaw. The letting, for a period of five years, was agreed on behalf of the Central European Industrial Fund ('CEIF').

Wamtechnik agreed to lease 3,938 m² of space, comprising 2,775 m² of warehouse and 1,163 m² of offices. Located in the south of Warsaw in the district of Piaseczno, Techniczna Industrial Park is ideally suited to tenants requiring warehouse, light assembly or manufacturing space at competitive rates.

The two separate office buildings also provide the opportunity for tenants to reduce overheads by locating back office staff in the same place.

Harry Bunbury, Valad's Head of Asset Management in Central and Eastern Europe, commented: "We are pleased that Wamtechnik, an established local company which has been trading in the region for over 25 years, has selected Techniczna Industrial Park as its new location.

"The flexibility of the site makes it suitable for a wide variety of businesses that require a Warsaw location, whilst retaining strong transport links across the rest of the CEE region."

CEIF is asset managed by Valad and fund managed by Aviva Investors through a joint venture which was established in 2005. It invests in multi-let industrial property across Central Europe with a primary focus on Poland, Czech Republic, Romania and Hungary.

In Poland Valad manages around 235,000 m² of space in six properties with around 135 tenants. Across the CEE region as a whole, Valad manages 22 properties with over 260 tenants from offices in Warsaw, Prague, Bucharest and Budapest.

Ober-Haus advised Valad on the letting.

Source: Tavistock Communications

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