Atenor announces the signing of an agreement with an international investor for the sale (subject to usual conditions) of the Lakeside project, located in Warsaw. This transaction, which is expected to be finalised by the end of the year, represents a significant step in Atenor’s debt reduction strategy.
Stephan Sonneville, CEO of Atenor: “This new sale adds to the seven transactions already signed and being finalised for the year 2024. The reduction of consolidated net debt strengthens Atenor’s balance sheet, which is very valuable in still challenging real estate markets.”
This transaction will contribute €62m to the reduction of consolidated net debt as of 31 December 2024. An additional payment of €5.5m will be made within 18 months. This transaction will not affect the result of the second half of 2024.
Lakeside has received multiple awards for its outstanding sustainability performance and is a notable architectural feature in Warsaw’s urban landscape. This project effectively combines functionality with sustainable development. The technical solutions implemented, such as the use of low-emission concrete and wind energy during construction, highlight Atenor’s commitment to innovation.
Currently, Lakeside boasts an occupancy rate of over 95%, with prestigious tenants including LuxMed, HPE, Polenergia Fotowoltaika, and Tetra Pak. To enhance appeal, a two-year rental guarantee is provided for the remaining vacant space.
Maciej Krenek, Country Director Poland: “Lakeside is not just an office building of over 23,800m²; it is a modern centre for living and working. With 4,200m² of green spaces, 134 bicycle parking spaces, and 16 charging stations for electric vehicles, Lakeside transforms the Mokotow district in Warsaw into a more diverse and dynamic place.”
Image source - Atenor.
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