Emmerson rises

Warsaw-based real-estate agency Emmerson has been awarded a contract to manage the retail space in Wrocław's Sky Tower, Poland's tallest residential building. The total amount of retail space in the building is around 24,000 sqm.

"We are honored that we have been chosen as a partner in a such prestigious project. We consider Sky Tower a project that will totally raise the bar in the construction of residential buildings, not only in Wrocław, but in Poland in general," said Wojciech Korzeniowski, director of Emmerson's commercial real-estate division.

The real-estate agency won this contract after a battle with the biggest players on the market, including Cushman & Wakefield. "We didn't have any doubts about choosing Emmerson," said Rafał Gulka, the vice president of LC Corp, developer of the Sky Tower project. "Emmerson had the most interesting offer and considering their devotion and experience, we see them as a reliable partner we want to work with," he added.

Sky Tower, a $400 (zł.1,126) million investment, is scheduled for completion in the second quarter of 2010, but the official sale of units hasn't started yet. The building's total space, both residential and retail, amounts to 292,000 sqm, which makes the project one of the biggest investments of this kind in Poland. Developer LC Corp has recently wrapped up work on another large-scale project in Wrocław - shopping center Arkady Wrocławskie.