POLAND West 4 Business Hub I sold for EUR 40 mln

West 4 Business Hub is a continuation of the West Gate and West Link office buildings, which were developed by Echo Investment on ul. ul. Na Ostatnim Groszu, about 5 km west of Wrocław city centre. The building was completed and obtained an occupancy permit in Q3 2020, since when it has welcomed such tenants as Vorwerk, PM Group, CitySpace and Sii Polska.

The entire West 4 Business Hub complex will eventually offer more than 72,000 sqm office space. West 4 Business Hub I was one of the first buildings in which Echo Investment installed special anti-Covid systems that purifying the air by using solutions naturally occurring in nature.

Maćków Pracownia Projektowa was responsible for the design of the building, which is also BREEAM ‘Excellent'’ certified.

This is our first transaction in this asset class in Poland. This investment is in line with the strategy for Solida Capital’s portfolio in the CEE region. Our goal is to have sustainable A-class buildings that meet high environmental and quality standards, located in Warsaw and regional cities throughout Poland.
Jean Aboumrad, the president of the management board of Solida Capital Europe

CBRE and Dentons advised the seller, while BNP Paribas Real Estate Poland and Allen & Overy acted as the advisor to the buyer for this transaction. BNP Paribas Real Estate will also be responsible for the property management.

Solida Capital is an Dubai-based investment and development company operating on major European real estate markets, managing assets worth over EUR 250 mln. The company has recently opened an office in Warsaw.