CPI takes over management of three office buildings in Warsaw

CPI Property Group is taking over the management of the next buildings in its Warsaw office property portfolio. Atrium Centrum, Atrium Plaza and Equator IV will be covered by in-house service. Atrium Centrum and Atrium Plaza are neighboring properties located on Aleja Jana Pawła II. They are among the longest-owned office buildings in the Polish CPIPG portfolio. The total GLA is more than 29,000 sqm. The office buildings have parking lots, amenities for cyclists, a medical clinic and mixed-use commercial premises in Atrium Plaza. Equator IV was acquired by CPIPG in November 2019. The completed acquisition provides more than 20,000 sqm of office space. The office building is located on Aleje Jerozolimskie, where CPIPG has other office properties: Equator I, Equator II and the Eurocentrum office complex. “Our primary goal when taking over property management is to introduce common high standards both in terms of modernization and operation of office buildings and in order to strengthen relationships with tenants. The adopted strategy will allow for constant improvement of the investment quality and comfort of work, and this will translate into a long-term increase in the value of the property,” said Marcin Mędrzycki, the acting head of asset management at CPIPG Poland. Currently, the company owns 13 office buildings in Warsaw, with a total area exceeding 305,000 sqm.