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The Warsaw Voice » Real Estate » June 11, 2008
The Real Estate Voice
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June 11, 2008   
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Mokotów Business Park Expanding

The Empark Mokotów Business Park in Warsaw is expanding. A building permit has been granted and construction of the Class A Vega office complex should start this year. The first tenants should be able to move in at the beginning of the second quarter of 2010. Architectural firm Jems Architekci designed the new building, which will be 10 stories high and provide 17,000 sq m of office space, thereby increasing the total area of office facilities on the site to 124,000 sq m.

Real estate investment manager Heitman and developer Immoeast purchased the Mokotów Business Park in December 2006 from developer Globe Trade Centre.

Says Karol Bartos, asset manager for Heitman European Private Equity: "We know that although there are many new office buildings being built, there is still a shortage of high-standard office facilities with character. A prestigious location is an added benefit. We are also working on a project for an integral nursery school, better transport connections and leisure opportunities for our tenants."

The Empark Mokotów Business Park comprises nine office buildings on a site bordered by Domaniewska, Marynarska, Postępu and Wołoska streets. Empark is close to the Galeria Mokotów shopping center and Warsaw's Frederic Chopin airport. A total of 141 international and Polish firms have their headquarters there and 15,000 people work on the site.

Contractor for Flanders Business Park

Developer Liebrecht & Wood Polska has chosen builder Hochtief Polska's Budokor division as general contractor for its Flanders Business Park A project in Warsaw. The site is close to the intersection of Łopuszańska and Flisa streets and Warsaw's international airport. Flanders Business Park comprises two buildings: building B, which was completed in 2000, and new building A, which should be ready for use in the second quarter of 2009. The new building, designed by architects Arcade Polska, will have 8,753 sq m of office space on seven floors, 3,897 sq m of underground parking, on-site parking and a ground-floor restaurant.
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