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UBM in the money

Anna Pakulniewicz 08 February 2018

Anna Pakulniewicz

Journalist

+48 22 356 25 07
anna@eurobuildcee.com

Ania covers the Baltic states’ real estate markets, architecture and urban planning in Warsaw as well as interior design. She is also the co-founder of Eurobuild TV. Among others, she has been employed by TVN CNBC, PAP Insider, WBJ (The Observer), Poland Monthly and IMM. She graduated from the Warsaw School of Economics, majoring in international relations. She has also completed postgraduate studies in macroeconomic analysis. In addition to this, she studied Lithuanian philology

POLAND Over 2017, UBM sold Polish real estate assets worth over EUR 160 mln, including the Kotlarska office building in Krakow to Slovakian investor IAD Investments, for app. EUR 30 mln.

Last month UBM sold the 21,000 sqm Pegaz office building in Wroclaw to Warburg-HIH of Hamburg for app. EUR 54 mln. Meanwhile two hotels were sold to Union Investment: Warsaw Holiday Inn Twarda for around EUR 41 mln as well as Holiday Inn in Gdańsk under a forward sales agreement for around EUR 38 mln. The project is to be completed in the spring of 2019. “A new type of partnership between the UBM teams in Poland and Vienna and the hotel industry team has resulted in an increased volume of sales by over EUR 160 mln in a very short time,” comments Peter Obernhuber, a board member of UBM Polska. UBM, together with its partners has acquired a project to construct a 541-room hotel located near Alexanderplatz in Berlin, as well as another hotel with 446 rooms, on th the Moskauer Straße in Düsseldorf. Despite having completed many projects, UBM is currently working on eight hotel projects. “And in 2018 we are planning even more in the hotel sector,” adds Martin Löcker, the president of the company.


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