Hines Signs New Lease at Ambassador Office Building in Warsaw

(WARSAW) – Hines, the global real estate firm, has announced a new seven-year lease to clothing company Local Heroes at its Ambassador Office Building, owned by the Hines Poland Sustainable Income Fund (“HPSIF”). The new tenant will initially occupy 570 square meters of office space on the 1st floor, with plans to extend this to 651 square meters later this year.

Monika Igła, leasing manager at Hines, said: “The Ambassador Office Building is a great space for rapidly growing companies who are looking for a professional and social environment for their teams. As well as being a high-quality office facility, tenants are drawn to the area because of its proximity to the metro station and the Wilanowska transport hub, and the variety of services and amenities available in the neighborhood, such as retail outlets and shops.”

Katarzyna Lipiec, chief administrative officer at Local Heroes, adds: “Hines is a good business partner and has constantly provided us with a high level of service. The space we have leased at the Ambassador Office Building will provide the perfect workspace for our staff, and the flexibility to take additional space later this year that will support our growth.”

Ambassador Office Building is a modern, Class-A facility, offering approximately 16,500 square meters of high-quality office and retail space. The building is located at the intersection of Domaniewska and Pęcherska Streets in a dynamically developing part of the Mokotów district. Due to its strategic location, the office building is well connected to other parts of the city with the Wilanowska metro station and a bus terminal situated nearby.

Tenants have access to a car park with 297 spaces and extensive infrastructure for cyclists, including racks and a locker room with showers. Ambassador Office Building has a BREEAM certificate and is covered by HinesGO (Hines GREEN OFFICE) program, which was created to promote pro-ecological attitudes and solutions among HPSIF tenants.

Local Heroes was advised in the leasing process by Hunters Real Estate.

About Hines

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 285 cities in 28 countries. Hines oversees investment assets under management valued at approximately $90.3 billion¹. In addition, Hines provides third-party property-level services to 373 properties totaling 114.2 million square feet. Historically, Hines has developed, redeveloped or acquired approximately 1,530 properties, totaling over 511 million square feet. The firm currently has more than 198 developments underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a foundational commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world.

Since entering Europe in 1991, Hines has grown its European platform to include offices in 17 cities as well as a presence in 60 cities in 14 countries. Hines oversees investment assets under management valued at approximately €24.5 billion and provides third-party property-level services totaling 4.3 million square metres in Europe, in Austria, Czech Republic, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Poland, Spain and the United Kingdom.

Visit www.hines.com for more information.

¹ Includes both the global Hines organization as well as RIA AUM as of 31 December 2021

About Poland Sustainable Income Fund (HPSIF)

Hines Poland Sustainable Income Fund (HPSIF) is managed by Hines to acquire properties that can be actively managed to improve energy efficiency and reduce emissions. Hines Poland is focused on developing and acquiring properties for various Hines investment entities.

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