Warsaw Trade Tower sees eight lease agreements finalized in the first quarter (PL)

In Q1 2013, the Warsaw Trade Tower tenant portfolio expanded to include: Dago Centrum, Asec, Teletrade as well as Best Flights. Lease agreements were prolonged by: Avanssur, Inter Partner Assistance, X-Press Couriers and international financial institution. Jones Lang LaSalle represented the building's owner - the AICEE II fund – in all transactions, while Heitman International provides Asset Management services for the building.

Warsaw Trade Tower is the tallest (208 meters) office building in the CEE region as well as one of the most recognizable landmarks on the Warsaw skyline. The asset is located in the Wola area, in 51 Chùodna St., and is within a five minute walk from the second line metro station - Rondo Daszyñskiego, which is currently under construction. When the station becomes operational, the journey time to the city center will be greatly reduced.

Warsaw Trade Tower offers easy access not only to public transport but to an extensive network of roads guaranteeing fast connections to other parts of the city, the airport and other transit routes as well. The total GLA of the asset is 45,000 m². Free parking is located in front of the building, which is especially important in light of the fact that parking fees in this part of the city were introduced in April.

The asset’s tenants include such renowned brands as AXA, KPMG and Mattel. The tenant portfolio has recently expanded to include Dago Centrum Tower (a prestigious Polish company offering small offices and conference rooms leasing within an "instant office” scheme), Asec (a leading provider of intelligent contactless card systems), Teletrade (an international company providing comprehensive Forex market services) and Best Flights (a company selling plane tickets). Lease contracts have been prolonged by: Avanssur, Inter Partner Assistance, X-Press Couriers and international financial institution. The total lease area of all transactions is 8,457 m².

Michaù Kuropieska, Leasing Director, Dago Centrum, commented: “Warsaw Trade Tower met our high technical and quality requirements, as well as offering an attractive space on the 36th floor of the building. Dago Centrum’s new office is not only prestigious but also guarantees optimum access to daylight while efficiently using the floor space. In addition, attractive views from the office and conference rooms will surely be appreciated by our clients”.

Adrian Bojczuk, Consultant, Office Agency Department, Jones Lang LaSalle, stresses: “The recently signed or extended contracts as well as talks currently being held with potential tenants confirm that Warsaw Trade Tower continues to enjoy interest from Polish as well as international brands. The companies appreciate the dynamic location, the high quality of space as well as attractive leasing terms. Importantly, the asset is an interesting option for smaller companies searching for unique, prestigious offices that support the development of the brand image and the acquisition of new clients.”

Currently, the asset offers 4,000 m² of highest quality offices, including both 1,000 m² areas located within one floor, as well as smaller modules of approximately 100-150 m². All the space on offer is located on the top floors of the building ensuring an attractive view of the city.

Source: JLL

Related News