Briefs

Heads of Terms signed for Jerozolimskie Company House 2

TK Development have signed heads of terms with a global property investor to sell Jerozolimskie Company House 2, which will become the Polish headquarters of Microsoft, with 6,000 sqm at the end of this year. Negotiations for the remaining space in the building are ongoing.

Jerozolimskie Business Park building D is sold

Polish Real Property, a real estate fund within the HypoVereinsbank group is to acquire building D of Jerozolimskie Business Park from D&V Properties, an associated company of E&L Real Estates, developers of the JBP complex. DTZ represented Polish Real Property in the negotiations for the transaction but no other agents were involved.

Bitwy Warszawskiej Business Centre changes hands

The Austrian-based investment fund Europolis Invest has acquired 100% of the shares in Coral Bud, a subsidiary of the Belgian Ghelamco Group, developers of Bitwy Warszawskiej Business centre. The deal brings Europolis' total number of properties in the capital to five, having already bought Warsaw Towers, Saski Point, 2 buildings in Alliance Logistic Center and Sienna Centre. DTZ advised the fund on all the acquisitions including this latest.
Bitwy Warszawskiej Business Centre is located near Warsaw city centre and contains 20,000 sqm of office space.

Swedish construction group sells Warsaw business centre

The Swedish construction group NCC has signed a contract for the sale of its West Gate property in Warsaw, for EUR 62.3 mln, with the German real estate investment fund Deutsche Grundbesitz Investmentgesellschaft. West Gate consists of the 23,000 sqm Brama Zachodnia Business Centre in the west of the Polish capital and around seventy per cent of the office space is leased to companies such as Ericsson, Provident and Marsh McLennan.

Second Heitman fund in Europe

The real estate investment management firm Heitman, has announced that it is establishing a second real estate fund, Heitman Central European Property Partners 2 (HCEPP 2), which amounts to EUR 175 mln. This it is doing two years after setting up HCEPP 1, a EUR 131 mln fund which has so far invested in twenty properties, at a gross asset value of approximately EUR 580 mln. The new fund will allow the firm to acquire properties in nine Central European countries including Poland and will focus on prime office, retail or warehouse developments.