M7 Real Estate sells Mokotow Plaza to FLE
23:25
M7 Real Estate sells Mokotow Plaza to FLE GmbH. Avison Young represented the seller in the transaction.
Mokotow Plaza is a class A, modern 5-floor office building, which underwent refurbishment in 2014. It is located in an established office district of Warsaw, Mokotow Business District. Its total GLA is 15,500 sqm leased on long-term agreements to such notable tenants as EnelMed, SDI Media, Securitas, BDO, Rockwool.
“Mokotow Business District is undoubtedly Warsaw’s most developed non-central business hub outside the city center of Warsaw. The area has undergone substantial urban transformations for the last few years. The redevelopment of Marynarska Street or extension of Postępu and Woronicza streets as well as several offices, residential, and hotel projects were delivered. Attractive rental levels in comparison to the city center are perfect for companies targeting cost‑efficient solutions within renewed office environments,” Bartłomiej Krzyżak, Senior Director, Investment at Avison Young in Poland, commented.
“We are very happy about our latest acquisition in Poland. Mokotow Plaza guarantees a strong cash flow that is secured for more than six years and a very high upside potential. After being present already in several regional cities in Poland, we are glad to have finally entered the Warsaw market with an office investment and are eager to increase our portfolio here. Our appetite for Polish real estate remains strong as well in 2022,” Alexander Klafsky, managing partner of the purchaser, added.
(WBJ)
