The Lastadia Office is a six-storey office building located at Zbożowa street, in the area of Łasztownia in Szczecin. Previously it belonged to SGI, a nationwide property development company. Following the deal, Greenstone Asset Management became the new owner of the building. BNP Paribas Real Estate supported SGI during the entire process, from searching for potential investors, to determining the sale price, to the offer analysis, due diligence coordination, and advisory in the agreement negotiating process
"Currently, the city offers nearly 160,000 sqm of modern class A office space. As of the end of 2018, the net absorption level in Szczecin amounted to nearly 10,000 sqm, and – for the second year in a row – was almost four times higher than the new supply level recorded in that period. The transaction confirms the fast development of the Szczecin office market potential" - Piotr Goździewicz, Director, Capital Markets, CEE at BNP Paribas Real Estate
The building is located in a constantly developing post-industrial district Łasztownia. In 2017, an international architectural contest was resolved, which presented an idea for reintroducing urban functions and improving the public transportation system connection to the downtown area. The office building is characterized by an attractive location with a good access thanks to the Castle Route and the Long Bridge Route, connecting them with the Old Town.
"Thanks to its exceptional location, the Lastadia Office is a unique project against the backdrop of Szczecin. The office building is situated at the bank of the Odra river, which offers a beautiful view of the Cathedral Basilica of St James the Apostle, the Old Town, The Pomeranian Dukes' Castle, and King Chrobry's Embankments. The building offers around 12,500 m2 of modern class A office space across six storeys, which makes a very attractive and desirable workplace destination for numerous companies and corporations, confirmed by the fact that the office part of the building has been 100% let" - Rafał Proczek, Senior Consultant, Capital Markets CEE w BNP Paribas Real Estate
The Lastadia Office provides tenants with more than 200 parking spaces. The building was designed by the Orłowski, Szymański – Architekci studio from Szczecin.
Source: BNP Paribas Real Estate