Hines has sold the Proximo I office building from the portfolio of the Hines Russia & Poland Fund to the CSNF fund, which is managed by Czech investor REICO IS ČS, for €116.6 million.
The office building, located next to the Rondo Daszyńskiego metro station in Warsaw, was opened in June 2016 and is currently 95 per cent leased. Proximo I is a 12-storey office building with a total of 28,385 sqm of Class A space including approximately 2,000 sqm of retail space on the ground and first floor. The building also has a three-level underground car park with spaces for 435 vehicles. The building is BREEAM certified with a rating of ‘Excellent’. Stanley Black & Decker is the largest tenant with 17 per cent of the space and the other tenants include Grupa Pracuj and Takeda.
The seller was represented by Cushman&Wakefield, Crido and Dentons whereas the purchaser was advised by CBRE, CMS, TPA and DIL.
