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Two Gdański Business Center buildings sold

Alex Hayes 09 August 2018

Alex Hayes


+48 22 356 25 20

Alexander Hayes is currently working as a journalist for Eurobuild Central & Eastern Europe magazine. Originally from the UK, he moved to Poland in 1995 and has been working in real estate for over four years. He has a BA in english literature from the University of Buckingham.

Two Gdański Business Center buildings sold
The centre was completed in 2016 and is 100 pct occupied
POLAND HB Reavis has sold buildings B and C of the Gdański Business Center in Warsaw for over EUR 200 mln to Savills Investment Management, acting on behalf of a global pension fund client.

Buildings C and D of the complex have around 53,000 sqm gla. The centre was completed in 2016 and is 100 pct occupied. Tenants include Aviva Group, KPMG, Nielsen, Euronet, BGŻ BNP Paribas, GE and the Court of Appeals. The first two out of the four office buildings totalling 48,000 sq m were sold in December 2016 for EUR 186 mln, also to Savills IM on behalf of the same client.

Jon Crossfield, the head of strategic partnerships at Savills IM, has commented on the deal: “We are delighted to have completed another successful transaction on behalf of our client and gain control over the entire complex at Gdański Business Center. The development offers a unique combination of facilities and location, leased at attractive rental levels and is a proven success with a wide range of first class occupiers. The deal also marks another large investment into Poland, a country in which we have made significant investments totalling nearly EUR 1 bln in the last two years.”

Gdański Business Center is BREEAM certified with a rating of ‘Excellent’. Greenberg Traurig advised HB Reavis on the deal, while Clifford Chance and K+S Ingenieure advised Savills Investment Management.

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