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Cushman & Wakefield appointed property manager of Prosta Tower

Prosta Tower
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Cushman & Wakefield, a global real estate services firm, has been appointed property manager of the Prosta Tower office building in Warsaw. A special open-ended real estate fund managed by Credit Suisse Real Estate Investment Management Germany is the owner of the scheme. The property management agreement was signed in December 2016.

Prosta Tower is a 19-floor, Class A office building offering around 6,000 sq m of office space. It is located in the business district of Warsaw, near Daszyńskiego Roundabout. It was delivered in 2011. Prosta Tower features a very striking design. Its reinforced concrete latticework mounted on the glass façade imbues the interiors with a truly unique atmosphere. State-of-the-art technological solutions, access of daylight and tailor-made office fit-outs ensure a user-friendly and comfortable working environment. A five-level underground car park offers 75 parking spaces.

Thomas Jaenicke, Asset Manager from Credit Suisse Real Estate Investment Management Germany, said: “We are delighted that we could acquire this strong asset for a German special open-ended real estate fund for institutional investors. The building is located in a part of the Warsaw business district with great development potential. For the tasks in connection with the property and leasing management of the multi-tenant building we have appointed Cushman & Wakefield. There has been a close cooperation with Cushman & Wakefield in Poland and other countries for many years.”

Credit Suisse Real Estate Investment Management is active in 20 countries via four locations on three continents. With real estate assets under management of around EUR 40.1 billion worldwide (as of December 31, 2016), it is one of the leading real estate fund managers in Europe and around the world. It manages more than half of the assets on behalf of institutional investors.

Zuzanna Paciorkiewicz, Partner, Business Space Asset Services, Cushman & Wakefield, said:We are extremely proud that Credit Suisse Real Estate Investment Management has entrusted us with managing another landmark building in its portfolio. It is evidence of trust in our asset management team and appreciation of our services quality. Client satisfaction is our top priority.”