Futureal Group has acquired Antares office building in Warsaw, Poland. Built 16 years ago, the complex will be fully modernized and repositioned in order to exceed the higher expectations of tenants. The asset is located at Marynarska Street and comprises 9,400m² of rentable space and an underground parking facility for 84 vehicles. It is easily accessible by private and public transport and enjoys close proximity to the Galeria Mokotow. The purchase price was not disclosed.
“The modernized and advanced Antares will further strengthen the group’s presence in the region. We are continuously looking for similar value-add investment opportunities in Poland and all across Europe as we see enormous potential in the sector,” said Gabor Futo, founder of Futureal Group.
“As rental rates continue to rise in downtown Warsaw, offices in the Industrial Służewiec district have become available on more favourable lease terms. In addition, with new residential and hospitality developments, it has transformed from a solely business cluster to a multi-use district. Służewiec has also witnessed transport improvements, including the redevelopment of Marynarska Street, while the planned upgrade of Suwak Street and construction of a new tramline will further improve traffic conditions in the area. Antares became a landmark on the map of Sluzewiec upon its completion. Tenants value the building for its high standard, proximity to the airport, business environment and excellent exposure,” said Anna Kazmierska, Associate, Office Agency, Cushman & Wakefield.
"Futureal, the owner of the scheme, is planning a phased upgrade of Antares after which it will become its showpiece. The first tenants will be able to move in late June or early July next year. Antares enjoys easy access to multiple public transport stops and a bicycle lane, and will soon see the opening a new footbridge over Marynarska Street,” added Dorota Mielke, Senior Negotiator, Office Agency, Cushman & Wakefield.
