HB Reavis and Global Pension Fund Client of Savills Investment Management finalize the sale of Gdanski Business Center
On the 1st of December 2016, international real estate developer HB Reavis and Savills Investment Management on behalf of a Global Pension Fund client, concluded the sale agreement of two of buildings within Gdanski Business Centre in Warsaw. In one of the largest transactions of the year in Poland and also in the CEE region amounting to €186 million, Savills Investment Management has acquired buildings A and B of the Gdanski Business Center, totalling 48,000 sq m.
JLL, Cushman & Wakefield and Greenberg Traurig advised HB Reavis on the deal. Savills, Clifford Chance and K+S Ingenieure advised Savills Investment Management.
Gdanski Business Center, comprising of four completed buildings (buildings C and D are still owned by HB Reavis), provides the Polish capital with nearly 100,000 sq m of A-class office space and is already home to a number of prestigious companies and institutions including KPMG, the Agricultural Property Agency, SNC Lavalin, Provident, WebInterpret, KMD, eMAG, Bank BGZ BNP Paribas SA and insurance group Aviva.
The scheme is considered the best connected office complex in Warsaw, with unrivalled access to public transportation due to its close proximity to the Dworzec Gdanski metro station, numerous bus and tram stops and Warszawa Gdanska railway station, and with the city’s rental bike scheme, Veturilo, located nearby. Apart from the excellent accessibility, workers benefit also from the first class amenities available in the close vicinity of the office complex (sport facilities, medical centre or Arkadia shopping centre).
Gdanski Business Center has received several awards including ‘Office Development of the Year’ in the CIJ Awards competition in 2015, as well as the Prime Property Prize in the ‘Investment of the Year – Office Space Market’ category in 2014.