The transaction which was confirmed on 1th October includes area with 2925 sq. m and building offering 14 007 sq. m of office and commercial space. In the structure there are 288 parking places.
The seller is Castle Carbery Properties which functions on behalf of Mazovia Holdings II Sp. z o.o. and it was represented by Colliers International.
After the purchase of Adgar Park West office last year, which is now passing through a complex modernization and reconstruction, we were interested in another office investment in an attractive Warsaw location. We have been planning a purchase of the present structure and increase of its market value by using Adgar’s experience and knowledge about the office market as well as our competences in the area of a modern technology. We decided on this transaction because it is a great investment. The building, which is now called Adgar Wave, is rented in 100 per cent and its tenants are leading renowned companies. It is also well located in the most important Warsaw business district – said Eyal Litwin, chief executive director in Adgar Poland.
The purchased property is located at Rzymowski 53 Street in the business center in Mokotów and it constitutes the sixth investment of that company in Warsaw.
Soon we are going to introduce in Adgar Wave a number of changes and facilities consistent with standards of Adgar which are in force in other building in our portfolio, i.a. a programme to service tenants, a new parking system and new system of marking the building. We are going to modernize a structural wiring as well as the area around the building. We also want to prepare a car park for bicycles, changing rooms and showers for people who are going to commute on two wheels – added Eyal Litwin.
The buildings which are managed by Adgar Group Poland are following: Adgar office complex (including Adgar Plaza and Adgar Business Center) in Mokotów with the total space of 38 600 sq. m; Adgar Business Center II at Konstruktorska Street with 8 100 sq. m, and property at Prymasa Tysiąclecia Square in Wola, in which a showroom and BMW Inchcape service are located. Currently, Adgar Group is modernizing a purchased in 2013 Adgar Park West building with 44 600 sq. m.