HB Reavis sells Konstruktorska Business Center

HB Reavis sells Konstruktorska Business Center in Warsaw
Golden Star Estate B.V. - the new owner of Konstruktorska Business Center
HB Reavis Group sells Konstruktorska Business Center in Warsaw to the investment company Golden Star Estate B.V. It is the first such transaction concerning sale of investment owned by HB Reavis on the Polish market.

The sale of Konstruktorska Business Center is clear evidence that investors appreciate Mokotów as a business location and also they notice its future potential. The close proximity to the airport, constant development of facilitations for employees as well as communication facilitations in the neighborhood – these factors make that the biggest business district in Poland will remain an attractive location for many companies for years – adds Stanislav Frnka, Director of HB Reavis Poland.

 

Konstruktorska Business Center is an office complex situated in the Warsaw Mokotów district. It offers 49 500 sq. m of office space class A. This 7-tier building is characterized by e.g. the largest size of the third floor in the region of Central and Eastern Europe, which provides tenants with flexibility in arrangement of work space. Konstruktorska Business Center is totally rented by various companies and institutions, including Procter & Gamble, PZU, Otis and Heineken.

 

Konstruktorska Business Center is the first building realized by us in Warsaw. It was commissioned in 2013. Its sale constitutes the final stage of the investment process and it proves that our office investments are attractive to both tenants and investors, who are interested in the first-class properties in Poland. We appreciate the investment approach of Golden Star Estate and we are glad that we managed to communicate with each other – says Marian Herman, Financial Director of HB Reavis.

 

Greenberg Traurig for HB Reavis and Marcin Rogala of SRC legal office on behalf of Golden Star Estate advised the company in the transaction. The sale of Konstruktorska Business Center in Warsaw is the first sale transaction of the completed investment of HB Reavis on the Polish market and the biggest sale of office building in Poland this year.

 

Kontruktorska Business Center is the new highest class building, which we managed to include to our international portfolio of high-income properties. The purchase of Konstruktorska Business Center – and other structures successfully managed by us in Warsaw – is a part of business strategy which envisages enhancement of our position on the capital market – says Gal Peleg, Director of Golden Star Estate.

 


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