"Deloitte House is a best-in-class product in the European Union's best performing economy," says John Banka, a director of Colliers International in Poland.
Banka, along with Neil Gregory-Eaves, a director of Colliers International in Central & Eastern Europe, arranged the sale on behalf of the seller.
The property, located in the heart of the central business district, is fully leased with Deloitte acting as the main anchor tenant. Other tenants include King Sturge, Skarbnica Narodowa, Nordea Bank, AIG Bank, Skanska Property Poland, HRS, Delta Optical.
The 14-story structure is the first green building to be built in Poland. It was awarded the GreenBuilding certificate by the European Commission. Breaking the industry standards of 25% lower consumption, Deloitte House has 32.5% lower consumption of energy than required by the Polish norms.
This transaction is the fifth largest to take place throughout Europe, the Middle East and Africa in 2009. It is also the largest transaction this year in Poland and one of the top 12 sales globally.
"While investment volumes in CEE remain low, as the global economy appears to stabilize, we are witnessing renewed institutional and private capital interest in core assets with multiple bid situations returning on some offerings," says Gregory-Eaves. "The interest is largely coming out of Germany on both the debt and equity side. Vendors needing to raise capital in Poland are also benefiting from a return of refinancing avenues which are an attractive alternative to the very opportunistic bids of recent months."
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