Real Management S.A. has closed the sale of the office and technology building Bolero Office Point 2, located at 4 Równoległa Street in Warsaw. The building has been acquired by Interpierre Europe Centrale, an SCPI managed by PAREF Gestion. The price has not been disclosed.
Bolero Office Point 2 is an office and technology building completed in Q1 2020. The project was carried out by Real Management S.A. as a BTS (build-to-suit) development for UL International Poland, a global leader in the delivery of testing, inspection and certification services for electrical equipment, electronics and batteries. Bolero Office Point 2 is a three-storey facility offering 1,945 sqm of office space; it also features a laboratory space of 1,727 sqm, which is 6 m high. The laboratory space has a dedicated moisture control and ventilation system suitable for carrying out specialized testing.
"We are extremely happy that we have closed the sale of Bolero Office Point 2. This building is a bright example of a modern project in life&science segment. During the design, development and management stages we closely cooperated with its exclusive tenant, that is UL International Poland, which allowed the project to be arranged to fully suit the company’s needs. The closing of the deal proves that BTS projects are highly appreciated in the market and are considered an attractive asset for investors", said Marcin Malka, CEO, Real Management S.A.
Bolero Office Point 2 has received a BREEAM In-Use certificate at Very Good level. The building offers 60 parking spaces in the on-grade car park. The location in close proximity to the Warsaw Commuter Railway (WKD) station enables quick access to the city centre, while the proximity to the airport and the main exit routes from Warsaw is a convenience for companies whose employees often travel on business.
The building has been acquired by Interpierre Europe Centrale, an SCPI managed by PAREF Gestion. Cushman & Wakefield’s Capital Markets professionals have advised during the sale process. The parties do not wish to disclose the value of the transaction.
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