Investec GLL fund acquires Wroclaw office asset

Investec GLL Global Special Opportunities Real Estate Fund has acquired the Green Day office building in Wroc³aw, Poland from Skanska.

The investment volume comes to €43 mln.

The buying fund is managed jointly by Investec Bank and GLL Real Estate Partners. Transfer of the property is scheduled for the first quarter of 2014.

Green Day is Skanska’s third office investment in Wroc³aw, following the Green Towers complex and Grunwaldzki Center. The total leasable area of the building is about 16,000 m2, with seven stories above ground level and two stories underground. The office space of Green Day is fully leased. The construction commenced in the third quarter of 2012 and completion of the project is scheduled for the first quarter of 2014.

Green Day is LEED Gold pre-certified, and in that way creating good working conditions and reduced operating costs. The office building is located in the very centre of Wroc³aw, and has good access to public transport and cycling paths.

Skanska Commercial Development Europe initiates and develops property projects in office, logistics and commercial buildings. The company’s operations are concentrated in metropolitan areas in the Czech Republic, Hungary, Romania and Poland.

Colliers International acted on behalf of the buyers and Jones Lang LaSalle on behalf of the vendor.