Thursday, June 4, 2020
Home News Office Leasing LPP takes over half of Waterside

LPP takes over half of Waterside

LPP, the clothing company, has once again decided to take up additional office space in the Waterside in Gdansk. Additionally, the company extended the lease of the existing areas in the property. Knight Frank, sole agent, acted on behalf of the Deka Immobilien fund, the property owner, in the leasing process.

LPP, the largest clothing company in Poland and owner of five popular brands – Reserved, House, Cropp, Mohito and Sinsay, once again expanded its office space in the complex, this time by 740 sqm. In result, the total space od LPP’s offices in Waterside amounts to over 4,850 sqm. The company moved into the property in the second half of 2016.

‘Waterside, which has a prime location, is valued by tenants. It is reflected by almost 100 percent of the property’s space being leased,” said Joanna Gomułkiewicz, Senior Negotiator, Office Agency, Knight Frank.

Waterside is a 5-storey office property with a retail ground floor, and thoroughly renovated interiors with a total area of over 9,000 sqm. The property has access to numerous parking lots. It is located in the Długie Ogrody Street, in the direct vicinity of the picturesque Old Town, yacht marina and various financial insitutions. Waterside can be easily accessed by public transportation or car.

Most Popular

ISOC Group acquires Silesia Business Park

Still seeing a positive outlook for Poland despite the pandemic, the ISOC Group from the Philippines has bought two buildings (A and...

CPI takes a closer step to managing all its properties in Warsaw

CPI Property Group (CPIPG), the largest owner of commercial real estate in the Czech Republic, Berlin and the region of Central and...

Savills instructed by Eiffage Immobilier to market build to rent development pipeline in Poland

Eiffage Immobilier Polska has appointed Savills to seek an investment partner for the development of a bespoke 453-unit build to rent opportunity...

Romania’s “mall king” to develop EUR 2.9 billion development in Bucharest

Romania's Chamber of Commerce and Industry (CCIR) and Iulian Dascalu – one of the biggest real estate investors in Romania, will transform...