Yareal has sold two office buildings forming the Neopark campus complex in Warsaw's Mokotów district to a French fund managed by Amundi Real Estate.
The Neopark complex consists of two modern office buildings with a total area of 24,000 sqm of Class A office space.
With a surface area of 24,620 sqm spread over two buildings, the complex is organized as a 'campus' offering numerous services and amenities: green space, terraces, restaurants, parking facilities for 600 vehicles, archives, meeting rooms, fitness centre, car cleaning service, showers, lockers, etc. The entire complex is leased to several tenants, the largest of which is Play, the leading telecommunications operator in Poland. Built in 2017 and 2018, both buildings have a BREEAM Excellent certification.
“With the acquisition of this campus, we are strengthening our position in the Polish corporate real estate market. This is in line with our strategy to secure revenues in assets that meet the criteria of flexible, collaborative spaces that improve the comfort and working environment of users. Warsaw offers attractive yield opportunities and recent assets occupied by international companies,” Marc Bertrand, Chief Executive Officer of Amundi Real Estate said.
Amundi Real Estate was advised in this transaction by CMS Poland and France for legal and tax, Cushman & Wakefield for corporate finance, Arcadis for the technical aspects and Berlin Hyp for bank financing.
Lawyers from the Real Estate Department at Gide Warsaw advised the seller. The team in this transaction was led by counsel Błażej Czwarnok, assisted by Rafał Osetek and Agnieszka Dąbrowska – associates in the Real Estate Department.
