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Public sector bought two office buildings in Warsaw

Tax Chamber bought two office buildings located at Erazma Ciołka Street in Warsaw district of Wola from Satoria Group S.A. Walter Herz company provided consulting services to the parties during the transaction.

Purchase of the office buildings with a total area of ​​nearly 6 thousand sq m for the new  Treasury Audits Office (UKS) headquarters in Warsaw is one of the largest transactions with the participation of the Tax Authorities on the office market.

Office buildings, which were the subject of transaction are located in an area which has long been a well recognized address on the institutional map of the city, as the location gathers a particularly large number of public administration units. Eight Satoria Group office buildings located along Erazma Ciołka Street, nearby Górczewska Street offer a total of over 20 thousand sq m of space. Many institutions and offices, among them Chamber of Customs, Tax Chamber, Prosecutor's Office and Labor Office located their offices there.

- After completion of the project we plan to take further steps to implement our development strategy related to the office segment. We intend to continue developing potential of investment in the area of Wola, where office buildings belonging to the Group are located. Today, it is the hottest area of expansion in Warsaw - says Przemysław Jankowski, Director of Real Estate Services at Satoria Group S.A.

In the near future, the construction of another office building by Ciołka 12A will begin  - C12A, which will offer 9 thousand sq m of modern usable space.

Growing office market in Warsaw and the construction of the second metro line increase the attractiveness of the location at the intersection of Górczewska and Ciołka Streets. C12A office building will offer a very good balance between a convenient location, high standard of the offices and optimum rate of rent. Typical floor will measure about 1500 square meters, and the layout will allow easy division of space for both offices and open space. An additional advantage of the location will also be a modernized tram line at Obozowa Street as well as the planned SKM train station.

Satoria Group S.A. owns and manages 7 business class hotels as well as tourist class hotels operating under the brands of Best Western, START hotel and RT Hotels in Warsaw and Cracow. The company also has a conference center at the Zegrzyński Reservoir as well as a hostel and sanatorium in Augustów. The Group also has shares in specialized entities, the main area of ​​activity and competence of which is the providing hotel and conference services, managing hotel facilities and leasing office space. Currently, Satoria diversifies their portfolio of investments, he intends to develop portfolio of office projects.

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