JLL and CPI begin cooperation on astonishing 320,000 sqm
JLL will comprehensively manage fit-out projects for CPI in 13 office buildings located in Warsaw
CPI Property Group (CPIPG), an investor operating in CEE and Germany’s commercial real estate sector, signed framework agreements with advisory company JLL for comprehensive project management services in 13 office buildings in Warsaw. The total GLA that the cooperation encompasses is approximately 320,000 sqm.
The JLL Project & Development Services team of top market professionals will be responsible for the implementation.
As part of the agreement, JLL experts will provide fit-out project management services - from negotiations with both prospective and current tenants to the delivery of fully furnished and equipped offices. The company will also recommend works contractors, control costs and oversee the project in all areas. Framework agreements between CPI and JLL encompass Warsaw office properties: Atrium Centrum, Atrium Plaza, Central Tower, Concept Tower, Equator I, Equator II, Equator IV, EUROCENTRUM, Green Corner, Moniuszki Tower, Oxford Tower, Prosta 69 and Warsaw Financial Center.
“CPI, in terms of GLA, is the largest office property portfolio owner in Warsaw. It is all the more gratifying that CPI has once again placed their trust in us by involving JLL in such a major project. Having signed framework agreements with CPI, our team now manages projects totalling almost 600,000 sqm on behalf of landlords and owners. The last 18 months of the pandemic has further increased the importance of proper planning, design and preparation of offices in accordance with the tenants' new expectations regarding functionality, security, a comfortable working environment, as well as technological solutions and ecology. The synergy of processes and their appropriate management is key in meeting these expectations. In this respect, we have a wealth of experience and competencies to match”, says Artur Pakuła, Head of Project & Development Services, JLL.
This is another example of CPI's fruitful cooperation with JLL. Prior to this agreement, in the Warsaw Financial Center building JLL supervised fit-out projects for tenants, a major renovation of the building’s main lobby and modernisation of the lifts.
The Project and Development Services team at JLL Poland consists of 25 experts with extensive experience and know-how in areas including architecture, design, engineering and project management. P&DS works with property owners from all market segments, funds, developers and leading corporate tenants. In the office sector alone, the P&DS team advises property owners and landlords on a portfolio of approximately 600,000 sqm.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 92,000 as of June 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.