Buildings A and B of Gdański Business Center were purchased by Savills Investment Management on behalf of one of the global pension funds. HB Reavis sold them for 186 million euro. Buildings A and B are situated in the northern part of the Warsaw Śródmieście district and they jointly offer 48 000 sq. m of rentable area.
The purchase of Gdański Business Center is a unique investment for the pension fund. The new investor on the Polish market has gained the assets of the highest quality – buildings which are totally rented, attractively located and perfectly communicated. They were sold only one month after the sale of Konstruktorska Business Center in Warsaw. This year’s activity of HB Reavis shows not only the attractiveness of our properties but also the trust of institutional investors who operate in Europe. In spite of uncertainty after Brexit, Poland still remains a precious location for them – says Marian Herman, Financial Director of HB Reavis.
Gdański Business Center is composed of four completed offices class A of the size amounting to 100 000 sq. m. Tenants have many facilitations at their disposal, for instance, gym, swimming pool, medical clinic or shopping mall. Gdański Business Center I is a laureate of many awards, including "Office Investment of the Year" in the CIJ Awards 2015 Competition and Prime Property Prize 2014 in the category "Investment of the Year – Office Real Estate Market". The list of foregoing tenants includes e.g. KPMG, the Agricultural Property Agency (APA), SNC Lavalin, Provident, WebInterpret, KMD, Agito, Bank BGZ BNP Paribas SA, or Aviva insurance group.
During the transaction HB was advised by such experts as JLL, Cushman & Wakefield and Greenberg Traurig. Savills, Clifford Chance and K+S Ingenieure advised Saills Investment Management.