Poleczki Business Park in Poland named ‘best mixed-use development project’ of 2010

At the Europe & Africa Property Awards 2010, which were presented in London on 24 September 2010, Poland’s largest current development project – the Poleczki Business Park in Warsaw – scooped first prize in the category ‘Highly Commended Best Mixed Use Development’. The Poleczki Business Park project is being implemented under the terms of a 50:50 joint venture between the CA Immo New Europe project development fund and UBM Realitätenentwicklung AG. With its blend of office, commercial and storage premises, the Poleczki Business Park took the honour in the face of competition from four other projects qualifying for the award in the ‘best mixed-use development’ category.

In the words of Bruno Ettenauer, CEO of the CA Immo Group, “We are especially delighted to receive this award because it endorses the high quality and modern concept underpinning the Poleczki Business Park.”
According to Karl Bier, CEO of UBM Realitätenentwicklung AG, the award also emphasizes the outstanding ongoing utilization: “The award will boost the popularity of the project even more.”

The Europe & Africa Property Awards have been presented every year since 2001 in collaboration with Bloomberg Television, the international news broadcasting group. The aim of the awards (which now cover 19 categories) is to recognise outstanding performance in the global real estate sector.

The Poleczki Business Park
The Poleczki Business Park is being constructed on a site area of some 140,000 sqm, close to both Warsaw Airport and the motor-way bypass which is currently under construction. The project development is the largest of its kind in the entire region of Poland. Phase one – comprising two blocks, both of which with an excellent occupancy rate – was completed at the end of the second quarter of 2010 following a construction period of just under two years. Anchor tenant ARMA (the Polish Agency for Restructuring and Modernisation of Agriculture) took up residence in 16,500 sqm of floor space in August 2010. By 2015, the objective is to complete a modern office district offering a total effective area of 200,000 sqm. Investment in the first building section was around €110 m, with the construction project as a whole expected to account for some €250 m. Preparations for phase two are under way.

CA Immo International / CA Immo New Europe
CA Immo International is part of the CA Immo Group and a subsidiary of CA Immobilien Anlagen AG and focuses on investment activities in Eastern and South Eastern Europe. In the so called CA Immo New Europe Property Fund (CAINE) CA Immo International has been concentrating its development projects since the end of 2006. The company's shares are traded in the prime market segment of the Vienna Stock Exchange. CA Immo International invests mainly in commercial real estate, and especially offices.

UBM Realitätenentwicklung AG
UBM Realitätenentwicklung AG is successfully active in Western, Central and Eastern Europe as a real estate developer and builder. Founded already in 1873, UBM today has offices in Bulgaria, Germany, France, Croatia, Poland, Romania, Russia, Switzerland, Slovakia, the Czech Republic, Ukraine and Hungary. The company pursues a risk-averse and substance-oriented business policy – profit is an opinion, cash is a fact. UBM-stocks are listed on the Vienna Stock Exchange.

Please address any questions to:
CA Immo International AG

Susanne Steinböck
Tel.: +43 1532 5907-533

UBM Realitätenentwicklung AG
Roman Rusy Informationsmanagement
Tel.: +43/2625/37-164

<link fileadmin bilder poleczki_business_park_bauphase_1.jpg _blank download>Photo download Poleczki Business Park construction phase 1 (5,5 MB)
Download <link fileadmin bilder property_award_pbp.jpg _blank download>Ribbon of the Award (115 KB)

Tuesday, 05. October 2010 12:05