M7 has leased approx. 1,600 sqm of office space in Mokotów Plaza

Pan-European multi-tenant real estate investor and asset manager, M7 Real Estate, has announced that it has leased a total of 1,605 sq m of space in the Mokotów Plaza building Warsaw to three existing tenants under new lease agreements, and the building will continue to be Polish the headquarters of these entities. Currently, 81 percent of space in the building is leased, with the average remaining lease term being over seven years.

As part of active asset management for the Mokotów Plaza facility, the offices of the two current tenants have been moved to other parts of the facility to enable SDI to complete the recently concluded lease transaction of the entire third floor of the building. Rockwool moved to the first floor, occupying 370 sqm under a five-year lease agreement, while Telepizza, which has been operating in the building since 2009, extended its existing lease for three years, moving to 235 sqm on the ground floor.

“Since the acquisition of the facility in 2019, our asset management strategy has focused on increasing the level of space leased in the building. This strategy involves building positive relationships with existing tenants and learning about their requirements, which helped to conclude contracts. The level of space in the building for the first time in its history is over 80%. We hope for a further increase in the index in the coming months," Patrycja Palma, Asset Manager at M7 Real Estate Poland.

(WBJ)