Immobel launching Cedet redevelopment

Belgian developer Immobel is launching the redevelopment and expansion work of the Cedet retail/office scheme located on Al. Jerozolimskie and ul. Krucza, in Warsaw’s city center, the company said in a statement. The developer recently obtained the City Hall’s permit for the reconstruction, which is set to be completed in Q1 2017. The redeveloped scheme will comprise 22,050 sqm of GLA and feature 7 storeys above ground and 4 underground levels. It will combine office and retail functions, with 15,000 sqm designated for offices on levels 1 through 7 and 7,050 sqm for retail units on floors -1, 0 and 1. Levels -4 through -2 will feature parking for 140 cars. All retail units will be accessible from the street and will offer between 67 sqm and 2,300 sqm of GLA. Most of them will be located on two storeys with escalators and elevators connecting the floors. The redeveloped project was designed by architects from the AMC and the RKW architectural studios. The leasing process is handled by Immobel and JLL. “We can already see a lot of interest in the project from tenants. We are in talks with prestigious financial and law firms and institutions. As far as retail tenants are concerned, we are looking not only at brands that are already present on the Polish market, Bartłomiej Hofman, CEO of Immobel said.