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Generation Park X finally in Hansainvest’s hands

Nathan North 12 October 2018

Nathan North

Deputy editor

+48 22 356 25 22
nathan@eurobuildcee.com

Nathan is responsible for the English section of the magazine. Nathan was born in Manchester in the UK and completed a master’s degree in philosophy at the University of London. As well being responsible for editing the English section of ‘Eurobuild CEE’ magazine, he also contributes news from around Central Europe and articles on the investment and industrial markets and on architecture. In his free time he likes playing piano, drawing and cooking.

Generation Park X finally in Hansainvest’s hands
The building is 90 pct leased to Citi Service Center Poland
POLAND Hansainvest Real Assets has completed the acquisition of the Generation Park X office complex in Warsaw’s central-Wola district from Skanska.

The deal for the 21,400 sqm, LEED ‘Platinum’ certified building was originally announced in late 2017, when the construction of the building was completed, but its finalisation was then expected to take place in H1 2018. Skanska has received EUR 83 mln from the sale. MF Capital and Colliers International advised the buyer while Cushman & Wakefield represented the seller, with Greenberg Traurig providing legal advice for the buyer and Dentons for the seller.

Generation Park X has eleven floors with two underground parking levels. The main tenant is Citigroup's financial services provider Citi Service Center Poland. It forms the first part of the Generation Park office complex, which is being developed by Skanska on Rondo Daszyńskiego. It was designed by JEMS Architekci.

Work on the 18,300 sqm second building started last year and is expected to be completed in Q3 2019. A third, 34-storey building is also planned, which is to be the tallest of the three at 140m (180m including the spire) and comprising 40,000 sqm – bringing the total area of the complex up to 84,000 sqm.

Nicholas Brinckmann, the managing director of Hansainvest Real Assets, has commented: “This state-of-the-art, well-leased office building fits in well with our investment strategy, as there is still a pent-up demand for high-quality, optimally-located office real estate in the Polish capital.”


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