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The office building at 81 Grzybowska Street was sold

The office building at 81 Grzybowska Street in Warsaw
The office building at 81 Grzybowska Street in Warsaw
The Warsaw office building, which was developed by Unidevelopment Group, cost almost 100 million PLN.

Bank Polskiej Spółdzielczości decided to purchase the office building at 81 Grzybowska Street, signing the leasing agreement for net total amount of 100 million PLN. That means stronger financial situation for its seller, Unidevelopment Group, which plans future office and housing investments. For the received amount, Unidevelopment plans to pay off its debts which are almost 70 million PLN, taken during facility development.

The office building at 81 Grzybowska Street offers 10 000 sqm of the class A office surface. Bank Polskiej Spółdzielczości plans to transfer there its headquarters.

The sell of the office building at 81 Grzybowska Street finishes our first  developmental investments  on the commercial market. The success of this project confirms that Unidevelopment is capable of building prestigious office facilities for certain clientèle. We are planning to develop our activity in this sector. We are currently starting new investment. The Wola House building will have a leasing surface of over 22 000 sqm and will be built at 79 Prymasa Tysiąclecia Avenue in Warsaw. The investment is exceptional, taking into consideration the quality and leasing price ratio, we believe, that we will shortly repeat the success of our predecessor,  says mariusz Sawoniewski, Unidevelopment Managing Director.

The office building at Grzybowska offers seven overground stories, three-storied underground parking lot consisting of 130 parking spaces. The company purchased the land in February of 2011. In July of 2011 preliminary selling agreement was signed with Bank Polskiej Spółdzielczości, which was finalized on March 27th of 2013. UNIBEP S.A. was a general contractor.

Selling such a prestigious building in very convenient location is unusual on the real estate market. Completed transaction is also special, because is related to the building which concerns crucial historical site, also because was signed by two companies with Polish capital, says Mariusz Sawoniewski.

Architectural project of the office building was created by Grupa 5. Architects were inspired by the neighboring building of Warsaw Uprising Museum.

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