We are pleased to report completion of over 4,700 m2 of leases since the beginning of the year, which include the key prolongation and expansion of GFT, one of our anchor tenants in Okraglak in Poznan now totalling 2500 m2 and a new 1400 m2 lease with Regus in Opera Office in Gdansk.
“Sharow Capital along with our partners Benson Elliot have spent the last two years acquiring high quality extremely well-located office assets in the key regional cities in Poland. This leasing activity in both attracting new tenants and also prolongation of the existing tenants demonstrates that these assets continue meet the modern requirements of sophisticated tenants in these cities,” commented Guy Speir.
In addition, we have been able to finalize over 700 m2 of both new leases and expansions in Opera Office with PORR, JLL/Tetris and EuroStyl who have expanded their office. Sharow Capital and Benson Elliot own four prime office buildings regionally in Poland and since acquisition they followed a focused strategy upgrading the buildings where possible. This clearly is now paying off with the new leases and the recommitments across the portfolio.
“It’s been a good start to the year and we look forward to building on this momentum to deliver outstanding results for our partners and investors in 2018,” commented Michal Pronski, Senior Manager for Poland.
About Sharow Capital:
Sharow Capital with offices in London, Warsaw and Bratislava is a real estate investment and asset management firm, specialising in Central and Eastern Europe.
Sharow Capital’s objective is to create maximum value through the execution of astute acquisition strategies and expert asset management, with an integrated, multi-disciplined approach.
Established by Guy Speir and Angus Wade, Sharow Capital offers 34 years combined on the ground CEE real estate experience and an unquestioned, deep understanding of the CEE region.
About Benson Elliot:
Benson Elliot Capital Management LLP (Benson Elliot), founded in 2005, is a leading independent private equity real estate fund manager, with over €1 billion of equity under management. The UK-based, FCA regulated firm has a pan-European investment platform and has transacted in the UK, France, Germany, Italy, Spain, Central Europe and Scandinavia. The firm is led by Marc Mogull, Trish Barrigan and Joseph De Leo.
Benson Elliot holds a diversified real estate portfolio, currently comprised of office, retail, hotel and residential assets. The Benson Elliot team has experience in delivering superior risk-adjusted returns through active and innovative investment management, investing successfully through market cycles.