Tawstock Estates completed the sales transaction of the Euromarket Office Centre in Cracow. The new owner of the property is the company managed by Bluehouse Capital. CBRE and Savills were the consulting companies assisting by the sale.
Euromarket Office Centre is located on Jasna Góra Street in Cracow and offers about 10 600 sq.m of office space and over 1600 sq.m of commercial space on five floors. The building was put into use in 2001. Modern architectural and technological solutions, such as BMS system (intelligent building management system), suspended ceilings, air conditioning, full range of telecommunication services and 24/7 monitoring and protection system. The main tenants of the Euromarket Office Centre are BP Europe and CanPack SA.
The sale of Euromarket Office Centre is yet another proof that according to international investors Poland is the most active market and the most desirable location in the region. We observe a growing interest of foreign capital not only in real estate in Warsaw, but also in main regional cities in Poland. This trend will continue in 2014, commented Mike Atwell, Senior Director of the Central-Eastern Europe Capital Market Department in CBRE.
This transaction is the proof that investors are more and more interested in Polish regional cities, as well as real estate - not only of the prime type, but also in buildings whose value can be increased. The demand for this type of real estate is increasing in Europe, of which the sale of Euromarket is the best proof, emphasised Michał Ćwikliński, the Managing Director of the Savills Investment Department.