Czech investor CPI Property Group has completed the acquisition of the Equator IV office building in Warsaw from Karimpol Polska. JLL advised the buyer in this transaction.
“It is an excellent year for the office market in Poland, and we expect 2019 to close with an all-time high office investment transaction total of over €3.5 billion. The acquisition of the Equator IV building illustrates the attractiveness and strength of the office sector in the country's capital. Its potential, however, can be seen not only by the strong activity from investors but also by the fact that a number of them are consistently expanding their portfolios with Polish assets. A good example of this is the Czech CPI Property Group fund, which sees Poland as strategically important for its expansion plans”, comments Sławomir Jędrzejewski, Senior Director, Office and Industrial Investment, JLL.
Equator IV is a modern office building offering over 20,000 sqm of space. The building, distinguished by an impressive glazed façade as well as elegant and comfortable interiors, has proved to be very popular with Warsaw-based tenants from day one. In addition to the interesting, eye-catching architectural design, the investment's great advantage is its location. Situated on Aleje Jerozolimskie in Warsaw's Ochota district, the building is within easy reach of Warsaw's Central Station, West Station, Chopin Airport and the A2 highway. In addition, the location is well-served by public transport which ensures excellent connections to the city centre.
