Wednesday, 27 August 2025
Syrena Real Estate has acquired the Zaułek Piękna office building in Warsaw’s central Śródmieście district from Manova Partners, the company announced. The acquisition was partially financed by mBank and includes plans for a significant modernization of the property.
The building offers more than 8,100 square meters of office space and approximately 700 square meters of retail and service units. The largest tenant is international consulting firm Mazars, which occupies over 20 percent of the building. Other tenants include OC&C Strategy Consultants, institutional rental operator LivUp, and advisory firm Fidea.
According to Syrena Real Estate founder Witold Zatoński Kotomski, the company aims to reposition the building to meet contemporary standards for office space while contributing to the revitalization of the surrounding area. “Zaułek Piękna is a property with high repositioning potential. Our goal is to make it a flagship building in Śródmieście and redefine its commercial offering,” he said.
The transaction reflects ongoing trends in Warsaw’s office market, where a limited pipeline of new developments, rising construction and fit-out costs, and tenant preferences for central locations have increased demand for high-quality existing properties.
Manova Partners was advised in the transaction by Cushman & Wakefield, Greenberg Traurig, Sentient, and KPMG. Syrena Real Estate was supported by Wolf Theiss and REESCO, while Addleshaw Goddard advised mBank.
Commenting on the acquisition, Marcin Kocerba, Partner in the Capital Markets Department at Cushman & Wakefield, said the deal highlights the growing investment activity of local players. “With limited new development in Warsaw and a declining supply of well-located, high-quality buildings, properties like Zaułek Piękna are becoming increasingly attractive,” he noted.
The purchase aligns with Syrena Real Estate’s strategy of modernizing existing office properties. The firm previously completed the HOP office project on Chmielna Street (14,000 m²) and the Diuna complex in Mokotów (46,000 m²).
Syrena Real Estate, established in 2016, is a privately held Polish company specializing in direct real estate investment and asset management on behalf of international investors.
