Four companies of the Fiat Group, the Italian automobile manufacturer, have extended their lease of 4,000 sq m of office space in the Catalina Office Center in Warsaw. Cushman & Wakefield, a global real estate service firm, represented the tenant in its negotiations with the building’s owner.
The Fiat Group has been present in Poland since 1992 when a contract to establish Fiat Auto Poland in Bielsko-Biała was signed. It operates in the automotive industry and designs, manufactures and sells cars of brands such as Fiat, Lancia, Alfa Romeo, Fiat Professional and Abarth, and luxury brands such as Ferrari and Maserati. It also operates worldwide through other companies offering components and production systems.
The following Polish companies are based in the Catalina Office Center: Fiat Auto Poland SA (car manufacturing and sales); Fiat Bank Polska SA (banking services), FGA Leasing Polska Sp. z o.o. (car lease) and Iveco (light van manufacturing and sales).
The Catalina Office Center, designed by the architects Szaroszyk & Rycerski Architekci Sp. z o.o. and delivered onto the market in late 2009, is located at the junction of Puławska and Rzymowskiego streets in Warsaw. It is a ten-storey building totalling 21,000 sq m, of which 14,000 is office space. The Catalina Office Center was developed by a company of the Catalina Group, specializing in both commercial real estate and residential developments.
Artur Sutor, Associate, Office Department of Cushman & Wakefield, said: “This office building is conveniently located and will only benefit from the completion of Warsaw’s new southern ring-road. The tenant managed to optimize its costs by renegotiating its lease”.