Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest) has finalized a purchase of Warsaw Prime Corporate Center owned by Golub GetHouse. This transaction was concluded on the basis of the so called "club deal" by four independent institutional investors from Germany. The purchasing party was represented by Cushman & Wakefield during the transaction process.
The building of Prime Corporate Center was completed in March this year. The general contractor of this project was Warbud, which finished the building in accordance with the schedule – that is nearly two years after commencement. The investment is situated at Grzybowska 78 Street in the Warsaw Wola district. It offers nearly 20 900 sq. m of leased area located on 23 aboveground tiers and 197 parking places in the underground garage. Moreover, employees of the only tenant of the building – Raiffeisen Polabank – can benefit from a canteen, which occupies 300 sq. m in the office. Solomon Cordwell Buenz from Chicago, which cooperated with Epstein, is responsible for architectural project. The building was awarded the ecological certificate BREEAM at the Very Good level.
Warburg-HIH Invest Real Estate (Warburg-HIH Invest) manages investments in different kinds of properties in the country and abroad on commission of institutional investors. At present, the company owns assets of the value amounting to around 5.7 billion euro in its portfolio.
Golub GetHouse is a developer and investment company which has been delivering a broad range of services to the real estate market in the USA and Europe for more than 50 years. Golub GetHouse has realized such office investments in Warsaw as Warsaw Financial Center, International Business Center and Warsaw Corporate Center so far. At present, the company is realizing Mennica Legacy Tower – a 130-meter-high tower and adjacent building – in cooperation with Mennica Polska.