Two Class A office buildings in Warsaw – Nefryt and Topaz, located on Domaniewska Street – have been sold in a transaction involving a UK-based private equity fund and Resolution Capital Management. Cushman & Wakefield advised one of the buyers and continues to manage the complex, while Colliers represented the seller.
Nefryt, completed in 2008, offers more than 16,300 sqm of space and is home to tenants including Honeywell, Cofidis, MAK Investments and Planet. The building holds a BREEAM In-Use Excellent certification. Topaz, completed in 2006, provides approximately 11,900 sqm and accommodates tenants such as Cisco, Ipsos and KOME. It also holds a BREEAM In-Use Excellent certification. The combined occupancy rate of both assets is nearly 85%.
“This transaction signals growing investor appetite for stable, well-managed Class A buildings in prime Mokotów locations. Limited new office supply in Warsaw, coupled with rising tenant expectations for sustainable management and energy efficiency, creates attractive investment conditions. Both buildings represent an excellent acquisition with further potential to enhance user comfort and optimise operating costs,” said Marcin Kocerba, Partner, Capital Markets, Cushman & Wakefield Poland.
According to Cushman & Wakefield, Służewiec is transforming into a more sustainable and modern business district. The new owner of Nefryt and Topaz is expected to continue investing in solutions that support energy efficiency and sustainable development.
“The latest deal confirms that the period of turbulence in the local office submarket is now over. The best properties in Służewiec offer a long-term alternative to City Center assets, where vacancy is limited and rents are rising. Nefryt and Topaz stand out thanks to strong asset management and tenant retention, making them among the clear winners in this location,” said Tomasz Czerniak, Associate Director, Investment Services, Colliers.
