POLAND Wood & Co buys Astrum Business Park

The 23,000 sqm office complex, which is fully leased, is situated at ul. Łopuszańksa 95, close to its junction with Al. Jerozolimskie, in the city’s Włochy district. The buyer is a division of Prague-based investment bank Wood & Company, while the seller is Irydion, a vehicle owned by Prochem and LFI 1 FIZAN. The transaction is subject to a tax ruling procedure. with the transaction being subject to a tax ruling procedure.

Poland is the largest market in the CEE region and the sixth-largest in the EU. It is one of the fastest-growing economies in the world. Wood & Company has been active in Warsaw for three decades. Our knowledge of the local capital market is broad-based and long-standing, having managed various transactional mandates and listings on the Warsaw Stock Exchange. We have been analysing the Warsaw real estate market intensively for more than two years, and we see great potential in being a part of this dynamically developing and most liquid country in Central and Eastern Europe.
Vladimír Jaroš, the CEO of Wood & Company

Colliers, Duch / Lisicki & Partners and Deloitte assisted on the sell side, while the buyer was represented by Dentons, Cushman & Wakefield, TPA and Sentient.

The construction of Astrum Business Park was completed in two phases, in 2016 and 2018, with Prochem being the general contractor. The key tenants of the six-storey complex include Lionbridge, Prochem, Xerox, Robert Bosch and GEA Process Engineering. The building is BREEAM certified.