Benson Elliot, acting on behalf of its pan-European fund, Benson Elliot Real Estate Partners V, has acquired Marynarska Business Park (MBP), an award-winning office complex in Warsaw, from a fund managed by Heitman Real Estate. The price was €65 million ($74 million).
MBP provides 46,000 square meters (495,000 square feet) of office space across four buildings, together with 1,400 car parking spaces. The site was developed by Ghelamco in 2008, with the project earning recognition that year as CEE Real Estate Office Development of the Year and Best Overall Development in Poland.
The business park is prominently situated in Mokotów, Warsaw’s largest office submarket outside the city center. Mokotów lies between the city center and Warsaw’s Fryderyk Chopin Airport, providing quick and easy access to both by train or car. The area is set to gain further from major infrastructure works currently under way.
Benson Elliot is planning a targeted refurbishment
