Slough Estates targets Poland
After 80 years of expansion in Western European and American markets, Slough Estates International, a British developer, has kicked off operations in the CEE with the opening of its offices in Warsaw, Poznań, Prague and Budapest.
Slough Estates is known for providing multi-use facilities for offices, logistics, light industry and R&D. In Poland it is currently developing two industrial-logistics parks in Stryków near Łód and Komorniki near Poznań. Both locations occupy over 80 ha of land and offer 100,000 sqm of warehouse and office space. According to the company's reports, over 80 percent of the facilities have already been leased to international and local companies, including Huntleigh Healthcare, Corning, Komfort, PWN/Azymut and Sonco.
"We are interested in locations outside city centers," said Simon Hollins, managing director for Central Europe. "We always locate our projects in new investment areas and this is the kind of approach we always adopt in all countries we operate in."
In addition, the company is gearing up for the Tulipan House project - an office development on Warsaw's ul. Domaniewska in Mokotów offering 18,000 sqm of office space. The developer has already been granted a building permit, and construction is scheduled to begin at the end of 2006.
The British developer has expressed an interest in developing projects in different regions in Poland, such as the Silesia region. "We have already purchased a plot for investment in Gliwice," said Błażej Ciesielczak, head of development in Slough Estates Polska.
