The new owner of Warsaw office block Bliski Centrum is Griffin Real Estate, investment group operating on real estate market in Central-Eastern Europe. During the transaction, Castle Carbery Properties was counselled by CBRE.
2013 was record-breaking as far as the size of investments on Polish real estate market since 2006 is concerned. The total volume of investment transactions in Poland last year amounts to 3.29 billion Euro. The market was dominated by large transaction, but there were also many smaller investments, a great example of which is Bliski Centrum, emphasises Mike Atwell, Senior Director of capital market department in CBRE for Central-Eastern Europe.
Bliski Centrum was built by Berken Polska. The building offers 4900 sq.m of the total rentable area and is located in the centre of Warsaw, on Żurawia Street. The main tenants of the building are Eurozet and Mini SA.
The sale of the office block Bliski Centrum to Griffin company shows that Warsaw remains an attractive location both for international and local investors and we expect more transactions of this type on Polish market. The biggest challenge for the sector in 2014 will be limited supply of the so-called core assets - the best investment products in attractive locations. However, currently several large investments are in progress, and they should be completed in the first or second quarter of the year. We expect that the volume of transactions in 2014 will be at the similar level or possibly even at a higher level than last year, sums up Mike Atwell.