September 28, 2018

Union Investment wins three new tenants for Lipinski Passage in Warsaw

Union Investment wins three new tenants for Lipinski Passage in Warsaw

Union Investment has signed three new leases covering a total of around 600 sqm of usable floorspace in Lipinski Passage, a retail and office building in the centre of Warsaw. A retailer of electronic products and Polish mineral water producer Nativiana Roztocze will occupy a total of around 460 sqm of office space. The third new tenant will be the 'Cigarro' Iguana brand, which will open the largest shop with cigars from around the world in Poland at the beginning of October. It will be complemented by a club part with the possibility of tasting on site. The total area on two levels is 130 sqm. Cushman & Wakefield acted on behalf of Union Investment with regard to the letting to the electronics retailer, while the two other tenants were gained with the aid of Knight Frank.

The respective companies will move into their space shortly, thereby further boosting the tenant mix in Lipinski Passage and underlining its rich range of uses. The building at Aleje Jerozolimskie 61-63 offers around 6,000 sqm of space in total. The good inner-city business location and closeness to Warsaw’s main railway station make Lipinski Passage equally attractive to tenants in the office, retail and restaurant segments. The biggest tenants in the property include Hugo Boss, Idea Bank, a Vapiano restaurant, Starbucks and energy firm CEZ Polska.

Union Investment acquired Lipinksi Passage in 2010 when it was at the project stage and has held the property since then in the portfolio of DIFA-Fonds Nr. 3. Redevelopment was completed in 2012. The building has protected status due to its ornate historical facade.

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