CPI Acquires Equator II

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Equator II
Equator II
Equator II office building is a new investment in the portfolio of CPI Property Group (CPIPG). The representative building situated at Aleje Jerozolimskie in Warsaw was purchased from Karimpol Poland.

From Seller’s Perspective

The 14-floor office building is situated on the border of Śródmieście and Ochota districts. The premises are leased by the representatives from IT and insurance industries, as well as doctors and estate brokers.

Harald Jeschek, Managing Partner at Karimpol Group, comments the sales of the property situated in one of the most prestigious locations:

The sales of Equator II completes the investment cycle of our Group in the complex of the Equator buildings in the Warsaw Ochota district. Equator II was one of the cornerstones of the so-called Business Corridor of Aleje Jerozolimskie. The second transaction with CPI in Warsaw proves a very good investment quality of our products for large institutional investors in Central Europe.

 

From Purchaser’s Perspective

CPIPG is a commercial owner with a constantly growing portfolio in Eastern and Central Europe; it operates dynamically in the Czech Republic, Berlin, and Warsaw. The new strategy of the company’s growth in the capital of Poland contributed to the increase of CPIPG’s participation in the market of commercial properties up to 200 thousand sqm at the turn of 2019 and 2020.

Barbara Topolska, Country Manager at CPI PG Poland, sums ups:

The purchase of Equator II strengthens our owner position in the Business Corridor of Aleje Jerozolimskie. This is another personal selling of CPIPG in this zone after Eurocentrum Office Complex and Equator IV. Thanks to the concentration of our assets in one place, we’re going to create a strong and consistent structure of property management as well as develop their common synergy.

 


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