Cushman & Wakefield takes over management of Vig Fund's entire portfolio of office properties in Poland

Cushman & Wakefield will cover the scope of operational, accounting and technical management of buildings. The company's key tasks will also include improving the energy efficiency of facilities and implementing sustainable property management strategies.

"Entrusting the management of our real estate portfolio in Warsaw to one entity means synergies and simplification of the structure, which will benefit both Vig Fund and our tenants. In recent years, we have come to know Cushman's team as a proactive and modern manager. Therefore, we are confident that the next three buildings for which he will be responsible will be taken to a new, higher level in terms of sustainable management in the future," says Manuel Simon, head of Investment Real Estate, who is also responsible for Vig Fund's asset management in Poland.

Vig Fund's real estate portfolio in Warsaw

Currently, Cushman & Wakefield manages three Vig Fund office buildings in Warsaw: Chmielna 25, Norway House and Nowogrodzka 21. Three more buildings will join the portfolio: Libra Business Center B, Life Building and Jasna 26. In total, Vig Fund has more than 47,000 sq m of office space in Poland.

Description of the buildings being taken over

Libra Business Center B is an eight-story building offering 16,000 sqm of office space. The building is located in a prestigious location, in the first line of Jerozolimskie Avenue, in the southwestern part of Warsaw. The Life Building (formerly known as Atrium Tower) is a 13-story office building located in the center of Warsaw, on Jana Pawła II Avenue. The building offers about 10,000 sqm of office space and underwent a comprehensive modernization and repositioning in 2023. The Office Building at 26 Jasna St. is a six-story property with an area of approximately 5,000 sqm, resulting from the renovation and reconstruction of a historic building from the 1950s. The building is located in the very center of Warsaw, near Plac Bankowy.

Vig Fund is part of the Vienna Insurance Group, an insurance group operating in Austria and Central and Eastern Europe, conducting business through subsidiaries and branches in 30 countries.