CPI Property Group buys Equator IV
The Czech investor CPI Property Group has completed the acquisition of the Equator IV office building in Warsaw from Karimpol Polska. JLL advised the buyer in this transaction.
“It is an excellent year for the office market in Poland, and we expect 2019 to close with an all-time high office investment transaction total of over EUR 3.5 billion. The acquisition of the Equator IV building illustrates the attractiveness and strength of the office sector in the country's capital. Its potential, however, can be seen not only by the strong activity from investors, but also by the fact that a number of them are consistently expanding their portfolios with Polish assets. A good example of this is the Czech CPI Property Group fund, which sees Poland as strategically important for its expansion plans”, comments Sławomir Jędrzejewski, Senior Director, Office and Industrial Investment, JLL.
Equator IV is a modern office building offering over 20,000 sq m of space. The building, distinguished by an impressive glazed façade as well as elegant and comfortable interiors, has proved to be very popular with Warsaw-based tenants from day one. In addition to the interesting, eye-catching architectural design, the investment's great advantage is its location. Situated on Aleje Jerozolimskie in Warsaw's Ochota district, the building is within easy reach of Warsaw's Central Station, West Station, Chopin Airport and the A2 highway. In addition, the location is well-served by public transport which ensures excellent connections to the city centre.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com