(WARSAW, POLAND) – Hines, the international real estate firm, has successfully started 2022 by leasing over 4,000 square meters of office space at the Wola Center in Warsaw. The Wola Center is a prestigious 34,000 square meter office building acquired by the Hines European Value Fund (HEVF 1) in 2020.
The Wola Center consists of four modern class A office buildings offering both office and retail space and is conveniently located in Warsaw's Wola district. Thanks to the proximity of the underground and the Warsaw Ochota railway stations, it is well connected to other city districts and suburbs.
The Wola Center also offers an elegant 1,000 square meter patio with access to free Wi-Fi, green terraces, as well as an extensive infrastructure for cyclists – a parking lot, racks and cloakrooms with showers. Car owners have 319 spaces at their disposal covering a two-story parking lot, where chargers for electric and hybrid vehicles will be installed. In spring 2021, a new coworking space was opened in the main lobby and the building is in the process of achieving BREEAM certification.
As part of the agreements, four new tenants have signed - District Court, Ocean Winds Polska, Rö Radwan-Röhrenschef Petruczenko Tokarzewska and Value4Real – and the fifth, the Notary Office Anna Lubieńska Marta Figurska Paulina Chała Partnership, has extended its lease and taken more space at the Wola Center. All agreements have been signed for the long-term.
“The beginning of the year has been successful for the Wola Center in terms of finalizing lease agreements with five different companies. We remain delighted that tenants want to take space here showcasing the strength of the location, its quality, amenity provision and connectivity. We look forward to leasing the remaining space in this prime flexible building.” says Marta Wiewiórowska-Kudła, Leasing Director, Hines Polska Sp. z o.o.
The first new tenant to sign with Hines at the Wola Center is the District Court in Warsaw, which has leased office space across the ground and first floors. The second, Ocean Winds Polska, a company from the offshore wind energy sector, and the third, the law firm Rö Radwan-Röhrenschef Petruczenko Tokarzewska, have signed to take office space across the seventh floor. Finally, the Hungarian architecture company Value4Real, has leased office space on the ninth floor of the building.
“Office is not only a place to work, but also a showcase for the entire company. We were looking for a place which is located in a strategic point on the city map, offers space adapted to our needs as well as other amenities which facilitate everyday functioning. Wola Center turned out to be an excellent choice. Flexible office space with an additional terrace, quality solutions as well as ecological technologies used in the building convinced us that it is the right place for the location of our company.” says Kacper Kostrzewa from Ocean Winds Polska, company responsible for the construction of the BC-Wind offshore wind farm.
“Wola Center is an ideal location for business. I am glad that we will be based in a building that offers high-quality office space in a thriving business district of Warsaw. I am sure that our further cooperation with Hines will run as efficiently and seamlessly as it has so far.” says Marcin Radwan, Röhrenschef attorney at law, partner, Kancelaria Prawna Rö Radwan-Röhrenschef Petruczenko Tokarzewska.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 255 cities in 27 countries. Hines oversees investment assets under management totaling approximately $83.6 billion¹. In addition, Hines provides third-party property-level services to more than 367 properties totaling 138.3 million square feet. Historically, Hines has developed, redeveloped or acquired approximately 1,486 properties, totaling over 492 million square feet. The firm currently has more than 171 developments underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a foundational commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world.
Since entering Europe in 1991, Hines has grown its European platform to include offices in 16 cities as well as a presence in 62 cities in 13 countries. Hines oversees investment assets under management valued at approximately €21.7 billion and provides third-party property-level services totaling 3.9 million square meters in Europe, in Austria, Czech Republic, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Poland, Spain, and the United Kingdom.
Visit www.hines.com for more information. ¹Includes both the global Hines organization as well as RIA AUM as of June 30, 2021.
About Hines European Value Fund 1 (HEVF 1)
HEVF 1 is a Euro-denominated, Luxembourg-based investment fund launched in July 2017. Managed by Hines, its objective is to acquire a portfolio of core-plus and value add commercial real estate throughout Europe on behalf of an institutional investor group.
In August 2018, Hines announced the final closing of HEVF 1, with the total fund size exceeding €720 million of equity commitments, surpassing its original target by more than 40%. As the flagship value add fund for Hines in Europe, HEVF 1 has a geographic mandate across the European Union (plus Norway) and flexibility of scope to invest in office, retail, logistics, residential and mixed-use opportunities in primary institutional markets.