Joint sale of T-Mobile Office Park (Warsaw), Łopuszańska Business Park (Warsaw) and Katowice Business Park (Katowice)

Award: Investment Deal of the Year, CEE
Name of deal: Joint sale of T-Mobile Office Park (Warsaw), Łopuszańska Business Park (Warsaw) and Katowice Business Park (Katowice)
Value of the transaction (in EUR): approx. 200 million

Yield: undisclosed
Seller, plus brief information about the company: Ghelamco Poland is one of the top developers and general contractors in Polish real estate market and an unquestionable leader in sustainable building in the region.
Consultancy which advised Seller: Jones Lang LaSalle and Hogan Lovells

Purchaser, plus brief information about the company: Starwood Capital Group is a leading global private investment firm with a core focus on global real estate.
Consultancy which advised Purchaser: CBRE Group Inc.

Financing institution: Helaba
Why this deal should be considered for the award:

The deal undoubtedly represents one of the highest profile transactions of combined office space in Poland in 2014. The portfolio of three office buildings comprises nearly 78,000 sqm of office space, making it so far the largest office space sold in a single transaction in 2014. It was the biggest transaction both in value and size in Ghelamco’s history as well as the first time the developer sold three of its projects in one sweep. The office destinations boast an average occupancy rate of nearly 100%, and a premier tenant roster including T-Mobile, Citibank, Alior Bank, Allianz, Tauron, and PwC. All of the projects represent the highest standard of sustainable building and have been BREEAM certified. T-Mobile Office Park was the first office building in Poland with BREEAM Excellent and has acquired several top sustainability awards. For Starwood Capital Group the deal marked the company’s introduction to the Polish office market and a notable expansion of its European portfolio.

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