Warburg-HIH Invest bought the Prime Corporate Center office building located I the centre of Warsaw. The seller was a developer, Golub GetHouse. TPA Poland provided tax advice to the buyer.
We are happy that yet again we could accompany the Hamburg fund in real estate purchase in Poland and that this time it was such a prestigious transaction. This is another among many projects located in the heart of the Warsaw district of Wola, which seals the actual expansion of the financial centre in the capital towards Rondo Daszyńskiego. Projects implemented here easily find both attractive lessees and investors.
-said Dr Wojciech Sztuba, Managing Partner in TPA Poland.
The Prime Corporate office building purchase transaction was concluded on the so-called club deal principle by four independent institutional investors from Germany whose funds are managed by Warburg-HIH Invest Real Estate (Warburg-HIH Invest). Warburg-HIH Invest is a fund investing in different types of commercial real property on commission from institutional investors. It currently manages assets worth around EUR 5.7 billion.
Prime Corporate Center is a new office building (delivered for occupancy in 2016) with the gross leasable area of 20,900 sq. m. on 23 floors and five underground levels. The underground car park has spaces for 197 cars. Currently the building is leased fully by Raiffeisen Bank Polska S.A. on the basis of a 10-year lease agreement.
The building received the BREEAM certificate at the “very good” level.
