In 2014, the Hines Poland Sustainable Income Fund (HPSIF) acquired its first asset, the Ambassador Office Building, a 181,372-square-foot, Class A asset located in Warsaw. The Ambassador Office Building includes seven and 10 stories in two towers and is located at the junction of Domaniewska and Pecherska streets, in the rapidly developing business district of Mokotów.
One of Warsaw's biggest shopping centers, the Galeria Mokotów, is situated in close proximity to the building. Ambassador Office Building's strategic location offers excellent transport links to all areas in the city by both private transport and public transport network. Another advantage of the investment is that it's positioned near the Chopin Airport. Tenant parking is located on four underground floors and provides a total of 297 spaces.
In September 2024, Michelin, the leading global producer of polymer composites, signed a long-term lease for office space at the Ambassador Office Building. On full occupation, the new tenant will occupy more than 2,200 square metres of space.