Dentons advised Cambridge Innovation Center (CIC), a US real estate services company providing high-end science and technology shared infrastructure to innovative entrepreneurs, on a lease agreement for a 14,000 sq m space in Varso 2, part of HB Reavis’ new flagship development in Warsaw.
Cambridge Innovation Center’s office in Warsaw will be a new hub for the city’s tech community focusing on energy, biotech, digital and new materials. It will be CIC’s second European premises after Rotterdam.
Varso 2 is part of the Varso Place complex that is currently being constructed and is due for completion in 2020. This unique mixed-use project, offering office, retail and hospitality space, will consist of three buildings and will feature the tallest tower in the European Union. A wide range of smart technologies and well-being solutions implemented in the project have allowed it to join an exclusive group of buildings worldwide to be awarded WELL Core & Shell Precertification by the International WELL Building Institute.
Cambridge Innovation Center’s mission is to create innovation communities that support impactful entrepreneurs to create new products and companies better and faster. Founded in 1999 by Massachusetts Institute of Technology graduates Timothy Rowe and Andrew Olmsted, CIC has supported nearly 5,000 startup companies since inception, with publicly announced transactions worth a combined US$10 billion in venture capital investment and M&A exit value. Over the next 10 years CIC plans to grow its network of innovation hubs to cover 50 leading cities around the world.
Partner Piotr Staniszewski (picture) advised Cambridge Innovation Center on the negotiation of the lease agreement.
Involved fees earner: Piotr Staniszewski – Dentons;
Law Firms: Dentons;
Clients: Cambridge Innovation Center (CIC);