Union Investment Real Estate has been this year's RICS Regeneration Award Poland 2011 for the Lipinski Passage scheme in Warsaw.
Union Investment Real Estate has been this year's RICS Regeneration Award Poland 2011 for the Lipinski Passage scheme in Warsaw.
Luciano Capaldo, Chairman of RICS Europe, presented the prize to Union Investment on 8 December.
Union Investment acquired the historical building, which is based in Jerozolimskie Avenue in the center of Warsaw, in 2010 for its institutional fund DIFA-Fonds Nr.3. The building underwent a complete refurbishment and is now a high-class office and retail scheme with some 6,000 m2 of leasable area.
Three months after completion of the refurbishment, Lipinski Passage is 40 % let.
Besides the existing tenants Starbucks, Vapiano, Home Broker with their new concept 'Lion's House', Spengler Fox and PF Concept NBC Universal Cable Television and Izumi Sushi Restaurant have recently signed leases. NBC Universal will occupy office space on the fifth floor with view on Jerozolimskie Avenue and the Palace of Culture, whereas Izumi Sushi Restaurant will be located on the ground floor, in the unique internal courtyard of the building. Both tenants will lease approximately 440 m2 and will move into the building in 1st and 2nd quarter 2012 respectively.
