December 29, 2014

JLL selected as exclusive leasing agent for CEDET in Warsaw

JLL selected as exclusive leasing agent for CEDET in Warsaw

The international advisory firm JLL has been selected as an exclusive agent, responsible for the process of leasing retail and office space in CEDET - Immobel's flagship investment project in Warsaw.

CEDET is a unique project involving the restoration and expansion of a historic, modernist building from the 1950’s, located in the very centre of Warsaw on Krucza Street. In total, the investment is to consist of two parts – a revitalized old department store and a brand new building at the junction of Bracka and Krucza Streets. CEDET’s offer will comprise 15,000 sqm of office and 7,000 sqm of retail space. Two architectural studios, namely AMC – Andrzej M Chołdzyński and RKW Rhode Kellermann Wawrowsky, are responsible for the scheme’s design. The completion of its construction works is scheduled for Q2 2017.

Anna Wysocka, Head of Retail Agency, JLL Poland, commented: “We are glad of the opportunity to work on such a unique project as the revitalization and extension of CEDET. Thanks to enterprises such as Immobel’s investment, retail in the city centre goes from strength to strength. CEDET is indicative of the profound changes currently taking shape as the capital retail market enters another stage of development. In Warsaw, apart from shopping malls, there are also unique schemes being developed on the high street. Investors, developers and retailers recognize the potential in such locations. Furthermore, CEDET gives an opportunity in the city centre for tenants looking for larger high quality premises, located on one of Warsaw's main high streets.”

For CEDET’s tenants, the scheme’s biggest asset, besides the prestige of launching an office or shop in such a unique and historic place, is its location in the city centre, with good access to public transport and excellent communication with the city’s districts and airport. Furthermore, Aleje Jerozolimskie, coupled with nearby Nowy Świat, which is popular among residents and tourists, and numerous hotels and restaurants, guarantee an extremely high footfall. CEDET’s retail space is available in different modules ranging from 67 to 2,000 sqm, located on floors -1, 0 and +1. All premises are directly accessible from the street.

Private Equity
IntraLog Poland