Feniks for sale

Europlan and Griffin Real Estate have put Warsaw office building up for sale.

The developer Europlan and the co-investor Griffin Real Estate put Warsaw office building Feniks up for sale. Colliers International was appointed an exclusive advisor in the sales process.

The whole area in the office block was leased by Grupa Banku Ochrony Środowiska [Bank for Environmental Protection Group] in the beginning of January. The contract, whose consultant was Cushman&Wakefield, was signed for 12 years, and is to be in force since May this year. BOŚ has leased almost 10 000 sqm, out of which 9 000 sqm is office space, and 1 000 sqm a retail space on the ground floor.

Feniks is a modern class A office building, which offers 10 000 sqm on 8 storeys. It is located in close proximity to ONZ Roundabout, within Central Business District. The structure was finished in high standard, having raised floors, suspended ceilings, adjustable windows, BMS, offering i.a. access control, along with four-pipe fan-coil units. Occupants will have at their disposal an underground parking lot with 48 parking places.

Grupa BOŚ S.A. is a commercial bank, providing services for both individual and corporate clients. It has been active on Polish market since 1991, and quoted on Warsaw Stock Exchange since 1997. The main shareholder of Grupa BOŚ is the National Fund for Environmental Protection and Water Management.

Europlan investment company has dealt i.a. with implementation of projects in real estate sector on Central-East European markets since 2004. Its founder is an investment banker coming from London – Artur Kozieja. Europlan's group of investors includes financial institutions and people from Great Britain and the United States, having cash surplus.

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