ING Real Estate Investment Management CEE has announced that refurbishment of the War-Sawa-Junior retail and office property in Warsaw city centre has been completed. Marks & Spencer, one of the retail property's anchor tenants, has just opened its largest shop in Poland in the building.

ING Real Estate Investment Management CEE has announced that refurbishment of the War-Sawa-Junior retail and office property in Warsaw city centre has been completed. Marks & Spencer, one of the retail property's anchor tenants, has just opened its largest shop in Poland in the building.

The EUR 10.5 mln refurbishment of a substantial part of the retail units in Wars-Sawa-Junior started a year ago when approximately 11,000 m2 of retail space became available. Three new lease agreements were realized allowing Marks & Spencer to take approximately 4,150 m2, Reserved taking 2,372 m2 and finally TK Maxx taking 4,005 m2. All new flagship stores were opened this autumn.

Martin Sabelko, managing director of ING Real Estate Investment Management CEE: 'With the successful opening of the three anchor tenants’ shops, the refurbishment of the retail units in Wars-Sawa-Junior has officially been completed. We are very happy that we have been able to realize this complicated process in just one year. Wars-Sawa-Junior has always been a landmark property in Warsaw. We believe that as of now it will also serve as the symbol of the new, modern Warsaw'.

Wars-Sawa-Junior is owned by Prime Warsaw Properties, a joint venture partnership between Centrum Development and Investment and ING Property Fund Central and Eastern Europe (ING PFCEE). ING PFCEE is a real estate investment fund fully managed by ING REIM CEE.