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The Azora Europa fund has acquired two office buildings within the Green Office complex

Green Office, Cracow

The  Azora Europa fund has acquired from Buma Group two modern office buildings within the Green Office complex. The subject of the agreement concluded on the 21st of December 211 is 11,300 sqm of leasable office space (3 300 sqm  in Building A and  8 000 sqm  in Building B). Both buildings are occupied by Motorola Polska Solutions Sp. z o.o.

The Green Office complex is located on ul. Czerwone Maki in Kraków and consists of three, 4-storey A-class office schemes. The total leasable area within the complex is 21,300 sqm. The first building of the three, building B (8,000 sqm) was completed at the beginning of May 2011. Building A (3,300 sqm) was delivered in October 2011, in the second phase of the project.

Buildings A and B were entirely suited for the tenant’s needs. Open space office areas, office rooms and conference rooms are located on the upper floors of the buildings. There is also a branded canteen located on the ground floor of building A. The architectural design was prepared by the Krakow-based UCEES architectural studio.

The Green Office Complex has been constructed in accordance with the principles of protection of the environment, nature and landscape. Design solutions relating to structures, elevations and building service systems have been based on energy-efficient, passive technologies, involving intelligent control systems.

Jones Lang LaSalle represented the Buma Group in the sale transaction. Legal assistance was provided by the Norton Rose law firm.

Azora Europa is a private equity investor and part of Azora International Group that actively operates in the international commercial, residential and hotel real estate sectors, as well as in the renewable energy industry. The fund manages € 700 million of capital. It has been present on the market since 2007 and is very active in CEE and SEE region. Azora Europa currently owns a portfolio of four office buildings of a total value of € 110 million (in Warsaw, Krakow and Prague) and acts as the investor of two residential projects in Warsaw comprising 900 flats. Azora Europa is also actively looking for new opportunities to extend its real estate portfolio, aiming to finalize some additional transactions by the end of 2012. The main shareholders of Azora Europa are Spanish savings banks, pension funds and private investors.

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