On 1 December 2016, international real estate developer HB Reavis and Savills Investment Management on behalf of a Global Pension Fund client, concluded the sale agreement of two of buildings within Gdanski Business Centre in Warsaw. In one of the largest transactions of the year in Poland and also in the CEE region amounting to €186 million, Savills Investment Management has acquired buildings A and B of the Gdanski Business Center, totalling 48,000 sqm.
JLL, Cushman & Wakefield and Greenberg Traurig advised HB Reavis on the deal. Savills, Clifford Chance and K+S Ingenieure advised Savills Investment Management.
Gdanski Business Center, comprising of four completed buildings (buildings C and D are still owned by HB Reavis), provides the Polish capital with nearly 100,000 sqm of Class A office space and is already home to a number of prestigious companies and institutions including KPMG, the Agricultural Property Agency, SNC Lavalin, Provident, WebInterpret, KMD, Agito, Bank BGZ BNP Paribas SA and insurance group Aviva.
“Increasingly tenants consolidate offices to better manage entity operations. Advantageous situation on the Warsaw office market today gives them an opportunity to choose a new building and arrange turnkey standard spaces without additional input”, added Paweł Dobrowolski, Senior Property Negotiator in the Office Agency Department, CBRE.
