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A RT I C L E
It is worth noting that more than EUR 1 billion, out of the EUR 1.35 billion invested inWarsaw,
was concentrated in just six transactions with a value of EUR 100 million or more. The big-
gest Warsaw office market transaction in 2014 (and the largest commercial real estate market
in Poland) was the sale of the BlackRock’s flagship office building in Warsaw – Rondo 1 –
to Deutsche Asset & Wealth Management for approx. EUR 300 million. The second largest
transaction was the sale of the famous Metropolitan office building, sold by Aberdeen Asset
Management Deutschland AG to Deutsche Asset & Wealth Management. Other significant
transactions in Warsaw included: the sale of Ghelamco’s portfolio – T-Mobile Office Park and
Łopuszańska Business Park to Starwood Capital Group, Lipowy Office Park for EUR 108 mil-
lion (seller – CA Immo, buyer – WP Carey) and Atrium 1 from Skanska to Deka (for approx.
EUR 94 million). Another major transaction was the sale of Plac Unii, a well-known office and
retail project in Warsaw.
A record breaking year
for office investment transactions outside Warsaw
Warsaw, due to its specific nature and scale, still dominates the Polish office sector. However,
since 2013 we have seen an increasing interest in the agglomerations outside the capital
city. High investors’ activity outside Warsaw has been triggered by several factors. On the
one hand, it stems from the fact that Warsaw has become increasingly expensive, and after
a number of flagship transactions, fewer products remain on sale. Furthermore, this inter-
Records, records
and more
records
–
an overview of
the largest office investment
transactions in Poland
2014
was a very good year for the Polish investment market in the office real estate segment. Properties totaling
approx. EUR 1.8 billion ‚changed hands’ – it is a post-2006 record
