Paramount has extended its lease for around 4,500 square meters of space in the “Renaissance” on Mokotowska in Warsaw until 2030. The US media group has been a tenant of the property since 2017.
“Renaissance was originally built in 1902 as a residential building and was completely modernized in 2006, transforming it into a Grade A office building.
The building's timeless façade combines historical and modern elements, creating a distinctive look.
“Renaissance” is in a prime location on one of the most beautiful streets in Warsaw
The property is located at the intersection of the main streets Mokotowska and Marszałkowska on Plac Zbawiciela. Mokotowska is one of the most beautiful streets in Warsaw and has retained its historic character for centuries.
“Renaissance” has a floor space of over 5,200 square meters - consisting of five floors above ground, four retail units on the first floor and a three-storey underground car park with 66 parking spaces. Paramount (which operated as Viacom until 2022) has leased 100 percent of the office space, including the archive and parking spaces, as the main tenant.
Paramount is a leading global media, streaming and entertainment company that offers innovative streaming services and digital video products as well as powerful production, distribution and advertising solutions. Its portfolio includes CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central and BET. The company has one of the most extensive libraries of TV and film titles in the industry.
In addition to the US media group, there are four other tenants in the property who have rented the retail space on the first floor for many years.
Renowned companies, embassy districts and exclusive residential streets are located in the neighborhood
Numerous renowned companies are located in the immediate vicinity of “Renaissance”. There is also a wide range of fashion and gastronomy outlets. In addition, the exclusive residential streets adjacent to the district and the embassy district make this location very attractive, especially for office users.
There are train stops directly in front of the building, which are part of the rail junction that connects the north-south streetcar line. The entrance to the “Politechnika” stop on the nearest subway line M1 is only 350 meters away and connects the location with the main train station and the regional train station.
Targeted asset management and sustainability measures increase the attractiveness of the building
The “Grade A office building” has a BREEAM “very good” in-use certification, meaning it offers very high sustainability standards. In addition, the KanAm Grund Group's asset management team has initiated or already implemented further targeted measures to increase the attractiveness of the property for tenants and to stand out from the competition. For example, the common areas were converted to a CO2-neutral energy supply. Other measures included a tenant satisfaction survey to derive further optimization measures and training for the property manager to improve ESG data exchange. In addition, various sustainable and efficient building technologies were implemented using AI-supported platforms such as “aedifion” and “DABBEL” in order to identify and, where necessary, implement optimization potential in building operations