ECO Hines shopping in Warsaw

Office Building Ambassador in Warsaw
Hines Poland Sustainable Income Fund had purchased the Warsaw Ambassador office building from Kronos Real Estate.

Ambassador is located at the intersection of st. Domaniewska and Pęcharska, in the Mokotów district. The project was completed in March 2013. by Kronos Real Estate. The building offers 14 900 sqm. office space and more than 1,000 sqm. retail space on the ground floor. New owner of the facility has been fund Hines Poland Sustainable Income Fund. The property will be managed by Hines Poland. The office building is the headquarters for companies such as Coty Poland, Gras Savoye (Pol-Assistance), DSV, Ipsos and CBRE Corporate Outsourcing. The transaction value was not disclosed.

Purchase of a building Ambassador is the first real estate purchase transaction realized by the fund HPSIF. Due to the attractive profile of tenants and high quality, the project will be an important part of our portfolio of properties - commented Leo Chen, Fund Manager HPSIF.

Ambassador is located in close proximity to Gallery Mokotów. It features a four-level underground car park with 298 spaces.

We are pleased that the fund made ​​its first purchase, and we hope that in the coming years will be an active and important player on the Polish market - said Mieczyslaw Godzisz, CEO of Hines Poland.

Ambassador is the first finished investment project in Poland Kronos. We are delighted that such a renowned company as Hines decided to buy it - said Alberto Gutierrez Esgueva, President of Kronos Real Estate, adding: Currently, we focus on another project at Domaniewska street, office building – Pacific Office Building.

The investment is in the process of BREEAM certification. One of the most interesting questions will be active involvement of tenants in the process of improving the sustainability of the building through education, dialogue and the relevant provisions in the agreements. Using our experience in facilities management and the commitment of our tenants, we are able to increase the level of sustainability of the building - said Tomasz Sasin, Sustainability Manager Hines Poland.

The buyer in the transaction represented the experts JLL, while the seller - CBRE.


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