Two long-term tenants extend their lease agreements at New City – EuropaProperty

Hines, the international real estate firm, has extended two lease agreements for office space at the New City complex, located at 15 Marynarska St in Warsaw. The total office space leased under the signed agreements amounts to almost 900 sqm. The New City office complex is owned by the Hines Global REIT fund managed by Hines Polska.

The decision to extend the agreement for another four years has been made by Europejskie Centrum Inwestycyjne SA (ECI SA). ECI SA has been operating in Poland since 1996. The company invests in the delivery of top-class office complexes, logistics bases, as well as residential and multi-purpose projects. ECI SA has had its headquarters in the complex since 2010, and currently occupies 720 sqm of office space.

The Warsaw office of Hapag-Lloyd Polska has also decided to extend the lease agreement for another three years and increase the office space. Hapag-Lloyd Polska, is a leading global liner shipping company. Following the increase of its office space effective from August 2018, Hapag-Lloyd Polska will occupy 178 square meters at the New City complex.

“The New City complex has high-profile exposure, and it is characterized by a high standard of modern office space and common areas, attractive retail and service establishments on offer, as well as professional management. We are proud to know that the next long-term tenants make decisions to continue the development of their structures in our complex,” commented Edyta Wołukanis, asset manager, Hines Polska.