Transactions - AUGUST 9, 2018

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Savills pays €200m for Warsaw office buildings

by Andrea Zander

In the largest such transaction in Poland this year, international workspace provider HB Reavis has sold two Warsaw office buildings to Savills Investment Management (Savills IM) who acted on behalf of a global pension fund client.

The sales price was more than €200 million ($231 million).

Offering approximately 570,000 square feet, buildings C and D are part of Gdanski Business Center scheme, now entirely owned by the global pension fund.

Among the largest such developments in Warsaw, Gdanski Business Center has a 100 percent occupancy rate. Tenants include Aviva Group, KPMG, Nielsen, Euronet, BGŻ BNP Paribas, GE and the Court of Appeals to name a few.

The first two of the four office buildings totaling 517,000 square feet were sold in December 2016 for €186 million ($215 million), also to Savills IM on behalf of the same client.

“The deal also marks another large investment into Poland, a country in which we have made significant investme

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