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Quinlan Golub Filling Up IBC II

WARSAW-Accession Fund inks leases totaling 90,000 sf for its 208,821-sf International Business Center II development, which will be substantially complete next month.

By Brian K. Miller | Updated on March 07, 2007

WARSAW-Three new tenants have preleased space within International Business Center II, a new 208,821-sf office tower here that is scheduled for completion next month. The combined 90,000 sf of activity drops availability within the 12-story building to just over 50%. Advanced negotiations are under way for additional leases.

Quinlan Private Golub is developing and leasing the asset on behalf of Accession Fund SICAV, a three-year-old Luxembourg-based fund of the European Bank for Reconstruction and Development. Accession Fund also developed IBC I, an adjacent nine-story building completed in 2002 that is fully leased.

The buildings are located at Armii Ludowej 14, at the Jazdy Polskiej roundabout in Central Warsaw, opposite Pole Mokotowskie park. The most recent prelease at IBC II, announced this week, was by Bank Pocztowy SA, which signed a long-term agreement for 30,139 sf (2800 m²). The company will fill most of two floors with its headquarters and also will open a 10,100-sf branch on the ground floor of the building.

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