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Mapletree finalises West Station purchase

Alex Hayes 13 May 2019

Alex Hayes

Journalist

+48 22 356 25 20
alex.hayes@eurobuildcee.com

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.

Mapletree finalises West Station purchase
West Station has tenants that include PKP, BASF and Diebold Nixdorf
The two office buildings of the West Station complex developed in partnership by HB Reavis and PKP [Polish State Railways] subsidiary Xcity Investments have been sold to Singapore-based Mapletree Investments.

According to Eurobuild's sources, the transaction, which required the permission of Poland's competition authority UOKIK, is valued at around EUR 190 mln.

West Station comprises two office buildings linked on the ground floor and the Warszawa Zachodnia railway station building, which was not included in the sale. Both buildings are fully leased to around 50 companies including PKP and its subsidiaries, ATM manufacturer Diebold Nixdorf and BASF. The buildings, which were completed in 2016 and 2017, are BREEAM certified with a rating of 'Excellent' and comprise a total of 69,000 sqm gla. The vendors were advised by JLL.

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