Cushman & Wakefield represented Skandia Zycie TU S.A.

    Cushman & Wakefield  also represented the client in negotiations and signing the office space lease agreement in the project developed by Celtic Asset Management.

    Skandia Życie Towarzystwo Ubezpieczeń S.A. leased 2,500 sqm in Warsaw’s office building Helion. The agreement was signed for 10 years. The company is a fast growing firm offering long-term investment plans that meet the needs of an individual customer and fulfil the capital market’s potential. The flagship product of Skandia is Multiportfel – financial solution which enables the customers a selection of the best investment funds of various categories belonging to renowned investment fund companies. Skandia was established in 1855 and it is an international company with its roots in Sweden. In Poland Skandia has been present since 1999. Since 2006 it is a part of Old Mutual Group, listed on the UK FTSE 100 and Fortune 250 index with a market capitalization of EUR 16.5 bn.

    Skandia Życie Towarzystwo Ubezpieczeń S.A. considers relocating primarily as a way to expand. The company is going to move to a new head office in December this year. Cushman & Wakefield supervises also, on behalf of Skandia, fit-out work and provides interior design service.

    Helion is a six-storey building of 8,843 sqm of leasable office space located at ul. Cybernetyki 7 in Warsaw. It was designed by an architect studio, RKW Rohde Kellerman & Wawrowsky from Germany. 

    The engineering design has been prepared by RPS Burks Green. Strabag is the General Contractor. The construction of the building is supervised by Caledonian Project Management. The cross-section of the building resembles the letter H. The façade will be covered with aluminium panels. Reception area will be decorated in stone with glass and stainless steel elements. One-level underground parking will house 92 cars. Helion will be delivered in 3Q 2007. It is the first building in the complex of Cybernetyki Office Park. The second phase of the project is Luminar, office building of 5,500 sqm (scheduled for completion in 3Q 2008).

    Celtic Asset Management manages assets of several funds (including East European Development Fund) of a total value of 300 mln EUR. Celtic Asset Management was represented by Savills in this transaction.