The sale/purchase transaction of Rondo 1, Warsaw

Award:

Investment Deal of the Year, CEE

Name of deal:

The sale/purchase transaction of Rondo 1, Warsaw

Value of the transaction (in EUR): ca. EUR 300 mil

Yield:

undisclosed

Seller, plus brief information about the company:

BlackRock Europe Property Fund II, part of BlackRock’s Real Estate. BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide

Consultancy which advised Seller: Dentons (legal advisors), HSBC (selling agent)

Purchaser, plus brief information about the company:



Deutsche Asset & Wealth Management is among world's leading investment organizations with €923bn assets under management, offering traditional & alternative investments across all major asset classes

Consultancy which advised Purchaser:

CMS (legal advisors), CBRE (purchaser agent), DIL (technical advisory), PWC (tax advisory)

Financing institution:

Helaba Landesbank Hessen-Thüringen Girozentrale

Why this deal should be considered for the award:








The sale/purchase transaction of Rondo 1 office skyscraper in Warsaw is marked as the largest single-asset investment deal in Poland in 2014, being recognised among major transactions of this kind in the CEE region this year as well as the biggest office transaction in Poland ever. Rondo 1 provides 66,000 sqm of high-quality, modern and efficient office and retail space, as well as a high standard of environmental sustainability, confirmed by LEED Gold certificate status and numerous property business awards. The asset is currently 92 per cent let to over 50 multi-national tenants from the financial, legal and consultancy sectors including blue-chip level institutions.


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