Development Consultancy Department of CB Rochard Eltis company, in cooperation with CBRE agency from Spain, has been representing Acciona company in the sale of land on Warsaw's Mokotów. The buyer was HB Reavis company, one of the leading developers in Central-Eastern Europe.
The property with an area of 16 000 msq is located on Konstruktorska 11 St. and has a valid building permit for an office building with an area of 45 000 msq.
It is a first purchase of this kind for HB Reavis company in Poland, preceded by recent investments on office market in Prague. With this transaction, the Slovak developer begins its expansion to commercial property market in Poland. The office building's construction is going to begin in first quarter of 2011, and works are due to conclude at the end of 2012.
The transaction was an excellent example of entering the Polish market - it was a purchase of a property in perfect location with great potential - said Mikołaj Martynuska, Development Consultancy Department Director at CBRE.