Ares Management buys Jerozolimskie Business Park

The Jerozolimskie Business Park in Warsaw has been acquired by real estate funds managed by Ares Management from IVG Institutional Funds, Cushman & Wakefield, which represented Ares in this transaction, informed. The acquisition was a part of a €100 million portfolio deal encompassing eight properties located across five countries: the UK, Germany, Sweden, Poland and the Netherlands. “The acquisition of the Jerozolimskie Business Park proves a strong interest in the Polish CRE market. ... Jerozolimskie Business Park accounted for a significant portion of the portfolio thus demonstrating the growing importance of Polish real estate in pan European strategies,” James Chapman, Partner and Head of CE Capital Markets at Cushman & Wakefield, said. Jerozolimskie Business Park is located on Al. Jerozolimskie 146, approximately 3 kilometers west from of the Warsaw’s city center. It comprises four buildings totaling 16,840 sqm. The complex was delivered onto the market between 1996-2001. Main tenants include Nowa Era, PGNiG, Takeda, MacMillan Publishing and Intel.