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Ghelamco Sells Wronia 31 Office Scheme

Ghelamco Poland has completed the sale of the Wronia 31 office scheme located in the centre of Wola’s business district. The property was acquired by LaSalle Investment Management (LaSalle), one of the world’s leading real estate investment managers with USD 65 billion of assets under management across Europe, North America and Asia Pacific.

The Wronia 31 office building – located adjacent to the Warsaw Spire complex – is now under new ownership. LaSalle Investment Management (LaSalle), on behalf of the pan-European fund Encore+ has acquired the recently completed property which is, for the most part, occupied by BNP Paribas Securities Services and Frontex. The building offers a gross lettable area of approx. 16,600 sqm. The parties signed and closed on a Sale and Purchase Agreement.

“Wronia 31 is a great building located right next to the European Square, which is the best public space to be created in recent years. Ecological values of the project, top quality materials, and a comfortable working environment are confirmed by BREEAM certificate with the Outstanding rating for the Post Construction stage. Wronia 31 is also example of a spectacular commercial success. We are happy that new owner of the building is now LaSalle Investment Management. I am convinced that the new owner will be pleased with this choice,” says Jeroen van der Toolen, Managing Director CEE, Ghelamco.

This is a very well-located asset in an area with much lower vacancy rates than the rest of Warsaw. As such this is an excellent fit for LaSalle’s flagship pan-European fund and highlights our local knowledge in Poland and our ability to source high quality assets,” says Francesco Coviello, Head of Transactions for Central and Southern Europe at LaSalle.

Ghelamco was represented in the transaction by JLL and Greenberg Traurig. LaSalle was represented by CBRE, White & Case, Arcadis and KPMG.

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