Ghelamco sells Łódź office project for €60 mln

Developer Ghelamco Poland has finalized the sale of the Przystanek mBank built-to-suit office project in downtown Łódź to LCN Capital Partners. The value of the transaction, in which the seller was advised by JLL, amounts to approximately €60 million. “The sale of Przystanek mBank is one of the largest transactions to have taken place in the Polish real estate market in 2017. Its value reflects the great potential of Łódź and the growing attractiveness of this city for investors,” said Jeroen van der Toolen, the managing director of Ghelamco in CEE. He added that outside of Warsaw, Łódź is one of the most dynamically developing office markets in Poland. “Currently, our company is preparing for the implementation of two big office projects in the center of Łódź,” van der Toolen said. Przystanek mBank is the first office project of Ghelamco Poland in Łódź. The scheme, which was completed in Q4 2017, offers 24,000 sqm of office space that is fully leased out to mBank Group. The tenant signed a twelve-year lease agreement with Ghelamco Poland in December 2015 and has already started moving into its new regional headquarters.