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Atrium 2, Warsaw, Poland

CATEGORY
Investment deal of the year, CEE
Atrium 2 was commissioned for use in March 2016. The total leasable area of the building is over 20,000 square meters. The office project is LEED Platinum certified. Atrium 2 is situated in a vibrant business location in the city center, with excellent access to public transportation – less than 100 meters away from a Metro station as well as numerous tram and bus stops. Development of the project has also improved the surrounding area for local residents. There are a number of creative placemaking activities that expressed the needs of the local community. These include a new green square, the refurbishment of a promenade and the creation of a large mural painting. Atrium 2 is an example of future-proof office space that provides full flexibility in both planning and interior design. There are over 70 loggias, where employees can work or rest in comfort. The building was recognized with a “Warsaw Investment without Barriers” award during the 21st Great Gala of Integration event. This coincided with the company’s declaration regarding development of buildings fully adjusted to people with disabilities, the elderly, and parents with small children.
Name of the deal
Atrium 2, Warsaw, Poland
The date of closing the deal
Q4 2016
Value of the transaction (in EUR)
EUR 88 M
Yield
confidential
Seller, plus brief information about the company
Skanska is one of the world’s leading project development and construction companies, with an almost 130-year history. In Central and Eastern Europe the company operates in 10 cities located in four key real estate markets: Poland, the Czech Republic, Romania and Hungary. This year Skanska’s commercial development business in CEE celebrates the 30th anniversary of its operations in the region. With the largest presence in CEE among office developers, the company enjoys the trust of tenants and investors, who are willing to continue working together successfully, expanding their businesses in Skanska’s other office buildings. The company provides futureproof flexible office space tailored to the needs of modern companies, meeting the highest requirements of sustainable development, which is confirmed by their LEED certification and implementation of newest solutions such as WELL standard.
Consultancy which advised Seller
JLL acted as the exclusive agent to Skanska and Dentons acted as a legal advisor.
Purchaser, plus brief information about the company
Capital management company HANSAINVEST Hanseatische Investment-GmbH was founded in 1969 and is part of the SIGNAL IDUNA Group. Divided into three divisions, the Hamburg-based firm provides services related to the management and administration of alternative investments, real estate and securities. The company also operates in Luxembourg through a subsidiary. Almost 200 employees manage assets of over EUR 24 billion in over 145 public and more than 60 special funds, of which about EUR 5.3 billion is in real estate. In the Real Assets division, internationally operating experts manage office, retail, hotel, logistics and residential properties in 18 countries. Apart from portfolio management, the experts handle acquisitions and sales, as well as asset management, project development, fund administration and fund monitoring (most recently updated on 30 September 2016).
Consultancy which advised Purchaser
MF Capital and Greenberg Traurig Grzesiak as a legal advisor.
Financing institution
bank financing + own equity
Current occupancy level
71%
Please say why this deal should be considered for the award
An excellent location, high profile international tenants including Credit Suisse, DLA Piper and Bravura Solutions, combined with a modern, uncompromising design make Atrium 2 one of the most prestigious newly-constructed office assets in Warsaw. The building is not only good example of sustainable office building underpinned with LEED Platinum certificate but also an example creating a completely new standard of buildings with a certificate of