Immofinanz begins 1st Warsaw office project

CEE developer-investor Immofinanz has laid the foundation stone for Nimbus, its first office project in Warsaw.

The ceremony took place on 16 May.

Nimbus is a prime office building with over 19,000 m2 of rentable space that allows for flexible office design, green terraces and high service orientation. Construction started in December last year and the project is scheduled for completion in August 2014.

The outstanding construction costs amount to €35 mln. A third of the space has been pre-let.

'Poland is one of Immofinanz Group's key markets and counts as one of those Central European countries where we focus on the development of high-quality offices and retail projects. With almost 200,000 m2 of rentable space, we are already one of the largest investors in Warsaw's office market', said company CEO Eduard Zehetner.