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Millennium Park – Commercialisation of Office Space


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The Challenge

Millennium Park, a cluster of six class A buildings with a total area of approximately 40,000 sq.m. The buildings are connected by a glazed ground floor and two-level underground parking lot. Millennium Park is located on the Żaryna street, in a residential part of the Warsaw Mokotów. The location provides convenient access to other parts of the city.

C&W was involved in advising at the early design phase.


The Solution

C&W eventually leased four buildings to Bank Millennium prior to their completion. This was the largest transaction in the office market in Poland till 2009. As a result of expansion of Bank Millennium expanded its lease with the fifth building in the complex.


The Results

The deal with Bank Millennium is the second largest, after the Bank PKO Bank Polski, in the Polish office market history. Currently, 100% of the area in the complex is leased and a part of the complex was sold to a German fund CommerzReal.

Contact

Richard Aboo

Head of Office Agency Poland

Warsaw, Poland

Phone +48 601357086

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