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.
Piotr Piasecki, Head of Corporate Finance, JLL says: “JLL has been honoured to advise Ghelamco on this transaction. The Wronia 31 office building benefits from its cutting-edge sustainable solutions as well as its location at Plac Europejski, a unique public space in the heart of Wola’s business district. This transaction underscores, once again, the continued interest from investors in the new commercial hub around Rondo Daszyńskiego.”
Completed in 2017, Wronia 31 has become known for its unique architecture and innovative technological solutions. In March, the property won the international BREEAM Awards 2019 competition in the category of Regional Award Central and Eastern Europe. Wronia 31 has received the BREEAM eco certificate with the Outstanding rating for the Post Construction stage. It is the second time in history and the first in five years that an office building in Poland has got such a high rating.
It offers 16,600 sqm of Gross Lettable Area and houses a bilingual kindergarten on the ground floor. The building is primarily occupied by BNP Paribas Securities Services and Frontex – the European Border and Coast Guard Agency of the European Union. Wronia 31 is situated in the area of Rondo Daszyńskiego, which has emerged as the new business centre of Warsaw. The location offers exceptional connectivity via private and public transport, including Warsaw’s second Metro line. One of the highlights of the project is its direct location at Plac Europejski, a unique public space open to both the tenants as well as the residents of Warsaw.