Warimpex opens “Le Palais” office building in Warsaw, 75% of offices already rented
Warimpex Finanz- und Beteiligungs AG has successfully completed the
construction works of Le Palais office building in Warsaw. The property is located on the corner of Próżna
Street and Grzybowski Square in the Central Business District (CBD) of Warsaw. It provides approximately
5,300 square metres of prime, grade A office space plus retail space on the ground floor, and has attracted
renowned tenants. More than 75 % of the office area has already been successfully let through the real estate
services firm Jones Lang LaSalle. Only around 450 square metres of office space as well as some of the
retail and restaurant/bar space on the ground floor and in the basement are still available.
«The rich history of Próżna tenements and the whole area made this a unique and challenging reconstruction
project. Despite the many requirements imposed by preservation order, the renovation of the building could
be implemented by our team in an actual construction period of one and a half years» said Franz Jurkowitsch,
CEO of Warimpex.
The development covered the restoration and refurbishment of historic buildings along with the extension and
expansion of the complex with new construction. Warimpex worked closely with the conservator and city
authorities to complete this exceptionally unique and culturally important property.
Warimpex intends to sell the Le Palais office building to an international institutional investor. A preliminary
sales agreement has been signed already. The closing is expected around mid 2013.