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News Release

Warsaw

JLL selected to manage Lipowy Office Park in Warsaw


Warsaw, 2 April 2014 - JLL, an international advisory firm, has been selected to manage Lipowy Office Park in Warsaw. Its duties include management of the property in operational, technical, administrative and financial matters, as well as responsibility for the relations with the tenant. A team of specialists dedicated to the project commenced management of Lipowy Office Park at the beginning of April this year.
Lipowy Office Park is an A-Class business park situated in the Ochota district in Warsaw. A key advantage is its location in a fast developing office district in Warsaw's south-west, on Żwirki i Wigury St., a main artery leading to the Warsaw Chopin Airport, and just a ten-minute drive from the city centre. The complex comprises four modern buildings with 39 000 GLA, situated around a spacious green courtyard. Employees and guests of the office park have 450 underground parking places at their disposal. The main tenant of the building is Bank Pekao S.A.

The new owner of the property is the US investment firm W.P. Carey.
Małgorzata Więcko, Associate Director, Property Management, JLL, commented: “Choosing JLL to manage the Lipowy Office Park complex is a great honour for us, especially because it is W.P. Carey’s first investment in the office real estate market in Poland. We are pleased that so-well established Warsaw’s project has joined our portfolio."