Rockspring Property Investment Managers has bought the Atrium International Business Center in Warsaw, a major office scheme situated in a prime location within Warsaw's CBD. The acquisition was on behalf of a separate account client. The vendor is a fund managed by M3 Capital Partners.
Rockspring Property Investment Managers has bought the Atrium International Business Center in Warsaw, a major office scheme situated in a prime location within Warsaw's CBD. The acquisition was on behalf of a separate account client. The vendor is a fund managed by M3 Capital Partners.
The investment volume was not disclosed but it is believed to be in the region of EUR 40 mln.
The asset comprises 12,000 m2 of office space leased to a number of high-quality tenants including Pramerica, Reuters, Dago and BZ WBK.
The transaction follows a number of purchases in key European cities in recent months, including a retail warehouse in Dortmund, Germany, acquired on behalf of the Rockspring German Retail Box Fund; a logistics warehouse in Stockholm bought for a separate account client; and the Olympia Shopping Centre in Brno, Czech Republic, which was acquired in a joint venture.
Kevin Muscat, European director of Rockspring, commented: 'The acquisition provides our client with excellent exposure to Warsaw's competitive office market, and is in line with our strategy of sourcing good quality, well-located and well-let assets in major European cities.'
Jones Lang LaSalle acted for Rockspring in the acquisition, while CBRE advised the vendor.
