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HANSAINVEST Real Assets acquires first building of Generation Park in Warsaw from Skanska

Generation Park 

HANSAINVEST Real Assets GmbH has acquired “Generation Park X” – the first building of “Generation Park”, a prime office project located in Warsaw, Poland. It is the investor’s second acquisition in Poland, as well as its second from Skanska. The transaction volume was around EUR 83 M.

The first out of three office buildings of the Generation Park complex was completed in November 2017, providing approx. 21,000 sqm. Almost the entire office space is leased to Citi Service Center Poland, creating one of the company’s biggest shared service centres in a single location. The building enjoys an excellent position on a prominent corner location in the new business district of Warsaw, directly next to a metro line.

The project is expected to receive a LEED Platinum certification. This modern trophy asset broadens HANSAINVEST Real Asset’s portfolio. Previously, the asset and investment manager completed the acquisition of its first Polish office project, Atrium 2, in December 2016. 

During the sales process, HANSAINVEST Real Assets was advised by MF Capital and Colliers International, while Cushman & Wakefield acted as the exclusive agents for Skanska. Legal advisers for the transaction were Greenberg Traurig for the purchaser and Dentons for the seller. 

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