Capital Park: Royal Wilanów fully leased despite pandemic

Royal Wilanów, a mixed-use building owned and managed by the Capital Park Group, has two new tenants. The companies LUX MED and Hilti will soon move into the building. Thanks to these transactions, the entire building is now 100 percent leased.
Hilti – a company offering comprehensive services, hardware, and software for the construction industry around the world, will move its Polish headquarters to the district of Wilanów and will occupy an area of over 2,600 sqm in Royal Wilanów. During the negotiations, Hilti Polska was represented by Colliers.
LUX MED will open another medical facility there, enabling access to a wide range of specialist doctors, as well as diagnostic tests and preventive programs. This is the next stage of expanding the building's offer with healthcare services. Currently, there is a Medicover clinic and the Office Doctor team – offering an innovative service on the Polish market as part of the Capital Park Group's own program – Office+, based on providing tenants with all-day access to a doctor and emergency medical services at work.
“The investment strategy focusing on multi-functional and city-forming projects has turned out to be extremely effective, also in the current epidemiological situation. Royal Wilanów is a typical example of a mixed-use project that managed to function really well in this difficult time,” Marcin Juszczyk, member of the management board, CIO/CFO of the Capital Park, said.
“Location on the city border, proximity to housing estates, diversification of tenants, and creating urban spaces for local communities cause that such buildings – regardless of the market situation – have stable revenues. Although due to their complexity they may be a greater analytical challenge for potential buyers, in our opinion they constitute a lower investment risk than single-function projects, which are less flexible in adapting the offer and operations to the temporary crisis situation of the pandemic,” he added.
(WBJ)