Qatar's sovereign wealth fund has inked the purchase of the new headquarters development of Poland's national telecommunications provider from the local arm of French developer and property group Bouygues. Financial details were not disclosed.
Qatar's sovereign wealth fund has inked the purchase of the new headquarters development of Poland's national telecommunications provider from the local arm of French developer and property group Bouygues. Financial details were not disclosed.
The A-class office complex currently under development will house the future head office of Telekomunikacja Polska, and will comprise five office buildings totalling 43,700 m2 of institutional quality space as well as over 1,000 parking spaces. The project, which is scheduled for completion in the summer of 2013, is aiming for a BREEAM environmentally sustainable rating.
'We choose only prime properties and great covenants,' said Navid Chamdia, head of Real Estate at Qatar Investment Authority. 'This investment proves that we believe in the Polish economy and its development potential'
Laurent Tirot, managing director of Bouygues Immobilier Polska, added: 'This project is the first step in Bouygues' plans to grow in the Polish office market.'
JLL acted for Bouygues.
