Hines Poland Sustainable Income Fund has acquired the Nestlé House office building (formerly known as Pacific Office Building), located in Warsaw’s Mokotów district, from Kronos Real Estate. The value of the transaction has not been disclosed.
Hines has been managing the building since January of this year. Nestlé House offers over 16,400 sqm of office space and over 1,400 sqm of commercial space across eight storeys. Finishing work in the offices is currently under way.
The building is located on ul. Domaniewska, near a subway station. Companies from the Nestlé group will be the scheme’s largest tenants. The other major tenants are Warbud group companies and IMCD.
Hines was represented by JLL on the transaction, and Kronos Real Estate was advised by CBRE. Legal representation of the fund was handled by Dentons and the seller was represented by the law office Góralski & Goss Legal.