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News Release

Warsaw

Jones Lang LaSalle's Capital Markets Team summarizes 10 months of 2010 ahead of projected busy year end


Warsaw, 1 December 2010 - Jones Lang LaSalle is pleased to inform that the Jones Lang LaSalle Polish Capital Markets team advised in eleven investment transactions, involving 16 assets, which closed in Poland during first 10 months of 2010. The eleven transactions totalled approximately EUR 547 million in volume.

Total transactional volume in Poland for the first 10 months of the year reached EUR 1.437 billion, Jones Lang LaSalle has therefore been involved in a total of 38% of all deals closed in Poland so far in 2010. 

Below please find a summary of deals which closed in Poland in 2010 and were done with the support of Jones Lang LaSalle's capital markets team.
  • Galeria Indomo, Lubin, Q1 2010
    Jones Lang LaSalle advised Polish closed-end real estate fund in their acquisition of Galeria Indomo from Belgian developer E&L Real Estates in March 2010. Galeria Indomo, located in Lubin (south western Poland), was completed in May 2009 and comprises approximately 9,600 sq m retail space leased to strong Polish retailers such as Piotr i Paweł delicatessen, Media Expert, and several furniture and furnishing chains: Cermag, Ludwik Styl, ISTE, VOX, Tombea, Meblobuk, Eko-Line, Matkowski and Kler. 
  • Horizon Plaza, Warsaw, Q1 2010
    Jones Lang LaSalle advised Union Investment in commercial evaluation and due diligence of Horizon Plaza in Warsaw acquired from IVG in April 2010. Horizon Plaza was completed in 2009 and comprises 35,950 sq m of A-class office accommodation let to tenants such as Noble Bank, NSN, SNC Lavalin, West LB, Wprost and others. The building is located at Domaniewska 39a Street in the prominent part of Mokotów district in Warsaw.
  • Alliance Silesia Logistics Centre, Czeladź, Q3 2010
    Jones Lang LaSalle advised Polish closed-end real estate fund in their acquisition of Alliance Silesia Logistic Centre from Menard Doswell Company in July 2010. ASLC is an institutional logistics scheme located in Czeladź in the Silesia Region. It consists of four buildings totalling 48,400 sq m, 100% leased to Meble Agata, Gefco, Tadmar, Logista and Eurocash. One of the existing buildings is currently being extended for one of the tenants within the park by approximately 9,200 sq m and planned to be acquired by same fund by year end.
  • Dmowskiego Centre, Gdańsk, Q4 2010
    Jones Lang LaSalle advised Key Financials acting on behalf of its private equity funds in acquisition of the Dmowskiego Centre, office scheme comprising approx. 3,000 sqm of leasable office space which is fully occupied by a single tenant - Compuware - one of the world's largest IT services providers. The property is located in Gdańsk - Wrzeszcz in Tri-City, Poland. The transaction was conditionally agreed in July 2010 and the final contract was signed in October 2010.
  • Victoria Building, Warsaw, Q4 2010
    Advised by Jones Lang LaSalle, IVG acquired Victoria Building in Warsaw from Deka Immobilien in September 2010. The Victoria Building comprises 12,500 sq m of A-class office accommodation 100% let to Kredyt Bank - the Polish subsidiary of KBC. The property occupies a very good location on the edge of the City Centre of Warsaw, in the Wola district.
  • Libra Office Building, Warsaw, Q4 2010
    Jones Lang LaSalle advised group of private investors on the joint venture with international developer. Jones Lang LaSalle has sourced the deal for the private investors, where the parties agreed terms of joint venture for the development of 15,000 sq m office building, forming part of the larger planned modern office complex comprising two buildings of 10,000 sq m and 15,000 sq m. The scheme is located in the Jerozolimskie Corridor office sub-market of Warsaw. This deal was done in result of a substantial pre-lease negotiated for the project by the leasing agency team of Jones Lang LaSalle.
  • Tulipan Centre, Lodz, Q4 2010
    Carpathian advised by Jones Lang LaSalle disposed Tulipan Centre in Lodz to Pradera in November 2010. The gallery completed in August 1999 offers 58 retail units and is leased to Euro Rtv Agd, Rossmann, Boti, Sephora, Home&You, Cropp Town, CCC, Reserved, McDonald's and Vision Express. The centre is anchored by Real hypermarket which is held under separate ownership.
  • Sosnowiec Centre, Sosnowiec, Q4 2010
    Carpathian advised by Jones Lang LaSalle disposed Sosnowiec Centre to Pradera in November 2010. The gallery completed in 2001 is anchored by RTV Euro Agd and leased to mainly convenience and service tenants such as Boti, Twoja Apteka Rodzinna, Era, Play, In Medio, 5 aSec. The centre is anchored by Real hypermarket which is held under separate ownership.
  • Panattoni Portfolio, Poland, Q2 2010
    Jones Lang LaSalle provided buy-side advisory to European Property Investors Special Opportunities LP (a fund co-advised by AEW Europe and Tristan Capital Partners) on acquisition of five warehouses in Poland from Panattoni Europe and Standard Life Investments in June 2010. The three projects, built between 2007 and 2009 are located in Łódź, Poznań and Pruszków, total around 170,000 sq m and are multi-let to over 18 separate tenants with occupancy at 100%.
  • Grunwaldzki Centre, Wrocław, Q2 2010
    Jones Lang LaSalle advised RREEF in the acquisition of Grunwaldzki Centre in Wrocław from Skanska in June 2010. Completed in 2010, Grunwaldzki Centre comprises 27,500 sq m of A-class office accommodation and is let to tenants such as Alior Bank, Credit Suisse, Deloitte, HP, Santander Consumer Bank, Skanska, McKinsey and others. The Property occupies a landmark location on the fringe of the City Centre in Wroclaw. It is located at the intersection of Grunwaldzki Square and Marii Skłodowskiej-Curie Street, which ensures great visibility and secures a very good access by public and private means of transportation.
  • Athina Park, Warsaw, Q3 2010
    Echo Investment advised by Jones Lang LaSalle successfully disposed Athina Park to Pridehold (PZU Fund entity) in September 2010. Athina Park office complex offers 12,700 sq m of A-class office accommodation in 4 independent buildings completed in 2004. The complex is leased to prestigious tenants such as Colgate Palmolive, Roche, Akzo Nobel or PORR and has successfully retained most of the original tenants with a historical occupancy rate close to 100%.
  • Uniqa Forum, Warsaw, Q4 2010
    In October 2010 Uniqa Real Estate advised by Jones Lang LaSalle completed acquisition of built-to-suit office scheme - Uniqa Forum - in Warsaw from a Polish developer - SGI Baltis. The property offers 6,500 sq m of lettable class A office space, of which 30% will be leased by Uniqa for their HQ and the remainder is to be leased to 3rd party tenants. The building represents the second office development of SGI Baltis, previously predominantly associated with residential developments.
  • Nefryt & Topaz, Warsaw, Q4 2010
    Jones Lang LaSalle provided sale side advisory to GTC in the disposal of Nefryt and Topaz. The two buildings have been sold in November 2010. Both buildings provide around 26,000 sq m of office space and are located in Mokotów Business District.
  • Kometa Centre, Torun, Q4 2010
    Carpathian advised by Jones Lang LaSalle disposed Kometa Centre in Torun from to Pradera in November 2010. The gallery completed in September 1999 is leased to mainly convenience and service tenants such as Vision Express, Rossmann, Świat Książki, 5 A Sec, Marionnaud, CCC and Athlete's Foot. The centre is anchored by Real hypermarket which is held under separate ownership.