Skanska Property Poland is an innovative developer of green office buildings that create a perfect environment for business development and provide their users with healthy and friendly space as well as blending in with the surrounding urban tissue. The company has been operating in Poland since 1997. Skanska Property Poland’s schemes comprise high quality, LEED-certified office space in superb locations. It is active in 7 major Polish markets: Warsaw, Wroclaw, Poznan, Lodz, Krakow, Katowice and Tri-City. The company was awarded “Developer of the Year” in 2016 CEEQA Awards, CEE Investment & Green Building Awards 2015 and “ESSA Green Developer of the Year” in the CIJ Awards 2015 competition.
Name of the deal
Dominikański Office Building in Wrocław
Value of the transaction (in EUR)
EUR 117 M
Yield
not disclosed
Consultancy which advised Seller
Colliers International Poland Sp. z o.o.
Purchaser, plus brief information about the company
Union Investment is one of Germany’s largest asset managers and the fund management specialist within the FinanzGruppe alliance, which includes over 1,000 cooperative banks (Volksbanken Raiffeisenbanken). These institutions provide a strong platform for offering our products to more than 4 million private investors and over 1,600 institutional customers. Union Investment Group employs more than 2,500 people and has assets under management of over EUR 250 billion. The portfolio covers all the major asset classes, from equity funds, bond funds, money market and open-ended real estate funds through to multi-asset, guarantee and capital protected funds.
Consultancy which advised Purchaser
JLL
Financing institution
n/a
Current occupancy level
not disclosed
Please say why this deal should be considered for the award
A signature Class A office asset with ca. 40,000 m2 of total leasable area located in Wroclaw’s core city center, which prior to completion gained substantial interest from the community of core international buyers. The acquisition of Dominikański proved strong interest in major office markets outside of Warsaw. As the largest office building in Poland outside of Warsaw and the dominant scheme in Wroclaw, Dominikański offers a distinctive architectural blend of a modern office building and the refurbished historic Oppersdorf’s Palace, drawing inspiration from its rich heritage. Dominikański due to its prominent location enjoys excellent exposure and visibility, at a main city intersection and in walking distance to the Old Town district and opposite the Galeria Dominikańska shopping center. Dominikański neighbors with universities, colleges, offices of local authorities, restaurants, green areas, hotels, museums and theatres. Its main tenants include UBS, HP, Deloitte and PKO BP.
