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News Release

Warsaw

Sale of International Business Centre in Warsaw, Poland


Warsaw, 3rd December 2012. Deka Immobilien GmbH have acquired the International Business Centre, Warsaw, from the Accession Fund SICAV managed by GLL Real Estate Partners GmbH. The sale price negotiated between the parties was around 148 million Euros.


International Business Centre was developed in two phases providing a total of 37,000 sq m of modern office accommodation, housing tenants such as PricewaterhouseCoopers, Samsung, Provident and Bank Pocztowy. The property holds a prominent city centre location, positioned on the junction of Aleja Armii Ludowej and Ludwika Waryńskiego, with immediate access to Metro Politechnika.

Jones Lang LaSalle and Salans represented GLL in the transaction. JLL carried out a marketing process and provided commercial advice, and Salans provided legal counsel. Deka was represented by CBRE and CMS Cameron McKenna.

Leon Ballard, Associate Director, Capital Markets, Jones Lang LaSalle, said: “International Business Centre, due to its quality, presence and location, has and will continue to attract best-in-class occupiers. The transaction further underlines the liquidity of prime office product in the Warsaw market, seen throughout 2012.”