The seller of the complex was IVG Institutional Funds GmbH company, whereas the party of the purchaser was represented by Cushman & Wakefield company. The purchase constituted a part of a great portfolio transaction realized by Ares partnership amounting to 100 million euro. Furthermore, it is supposed to include eight buildings which are located in five European countries.
It is a portfolio of high quality assets. These properties give a possibility of active management and offer attractive return rates – comments Management Director in Ares Real Estate Group, James Piper asked about the whole investment project.
Jerozolimskie Business Park is composed of the complex of four buildings which are located at Jerozolimskie 146 Avenue. The total area of offices amounts to 16 840 sq. m GLA. The main tenants are PGNiG, Intel, Takeda, Nowa Era and MacMillan Publishing. The structure was commissioned in the years 1996-2001.
The purchase of Jerozolimskie Business Park complex clearly demonstrates a great interest concerning Polish commercial property market – says James Chapman, Partner and Director in Capital Market Group in Cushman & Wakefield company in the Central Europe.