The sale of Dominikanski to the German Union Investment fund.
| Award: |
Investment Deal of the Year, CEE |
| Name of the deal: |
The sale of Dominikanski to the German Union Investment fund. |
| Value of the transaction (in EUR): |
117 M |
| Yield: |
n/a |
| Seller, plus brief information about the company: |
Skanska Property Poland is an innovative developer of green office buildings. The company has been operating in Poland since 1997. |
| Consultancy which advised Seller: |
Colliers International, Dentons |
| Purchaser, plus brief information about the company: |
Established in 1965, Hamburg-based Union Investment Real Estate GmbH is the specialist for private real estate investment within the Union Investment Group. |
| Consultancy which advised Purchaser: |
Arcadis, Linklaters |
| Financing institution: |
Union Investment |
| Current occupancy level: |
70% |
| Please say why this deal should be considered for the award: |
Dominikanski is Skanska Property Poland’s biggest developed office building. In total, it provides nearly 40,000 sqm of leasable office space. The transaction was a spectacular success for the company – the building found a purchaser several months before its scheduled completion, in December 2014. The complex is a modern, class A office scheme located in the very heart of the city. The scheme comprises two office buildings and the historical Oppersdorff Palace. It was committed for use in August 2015. Dominikanski is LEED Gold precertified. The complex has become a significant new addition to Wroclaw's business center. The success of the project is proven by the fact that it is already 70% leased. In 2014 one of the biggest lease agreements on the office market in Polish regional cities was signed in Dominikanski. HP Global Business Center leased 16,400 sqm of the office space. |
