The Patience of the Long Distance Runner

Investment & finance
Adgar recently bought an office building in Mokotów district. What convinced you to buy?
Eyal Litwin, CEO of Adgar in Poland: First and foremost it is an excellent location in Mokotów, and as well as the fine quality of the building itself and its very good tenant mix, the building is almost fully leased. In the spring we are planning a number of upgrades to Adgar Wave in line with Adgar’s standards, which we have in place in other buildings in our portfolio. These include tenant service software, a new parking system, a new signage system, and Wi-Fi. We will also modernise the structured cabling and the area around the building. Then we will add bike stands, changing rooms and showers for those who cycle into work. We are currently negotiating with a new tenant for the ground floor and I hope to be able to announce who it is soon. How much did the building cost? Around EUR 32 mln. Is Adgar planning any more purchases in the nearest future? We are working on a new purchase in Warsaw. The building will be larger t
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