A distributor of supplements and raw materials to the food and drink industry on the native market signed an annex concerning extension of lease of ca. 1200 sq. m of office area in the Cristal Park building. Thus, the office has reached the level of 100 per cent in terms of long-term lease. The owner of the building was represented by JLL consulting company during the transaction process.
Negotiations concerning extension of lease were challenging mainly because of tough conditions proposed by the tenant at the beginning of talks. However, thanks to trust of the owner and knowledge of tenant's needs we managed to suggest satisfactory solutions for both sides – says Małgorzata Kaczmarek, consultant in Department of Office Areas, JLL.
A three-tier Cristal Park office offers about 10 500 sq. m of lease area. The building is located at Mszczonowska 4 Street in the Warsaw Ochota district. The architectural project was devised by JEMS Architekci studio. Cristal Park was commissioned in 2009 and its owner is a private equity fund Azora Europa from Spain which has a portfolio of office projects not only in Warsaw but also in Cracow and Wrocław.