Avison Young advised M7 Real Estate on the sale of Mokotow Plaza, a Class A, modern 5-floor office building, which underwent refurbishment in 2014. It is located in an established office district of Warsaw, the Mokotow Business District, at 6 Postępu Street. Its total GLA is 15,500 sqm leased on long-term agreements to such notable tenants as EnelMed, SDI Media, Securitas, BDO, and Rockwool.
The property is situated next to the bus stops, enabling easy communication with metro stations Wilanowska and Wierzbno. Nearby there is also the S79 expressway connecting with the Warsaw Southern Ringroad and A2 motorway to Berlin. Moreover, the international Warsaw Chopin Airport is located in the vicinity.
“Mokotow Business District is undoubtedly Warsaw’s most developed non-central business hub outside the city centre 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 centre are perfect for companies targeting cost‑efficient solutions within renewed office environments. We are expecting more transactions of comparable assets in the area in the near future,” comments Bartłomiej Krzyżak, Senior Director, Investment at Avison Young in Poland.
“We are very happy about our latest acquisition in Poland,” adds Alexander Klafsky, managing partner of the purchaser. “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.”
Avison Young investment team has been representing the seller throughout the transaction. Allen&Overy provided legal advisory to M7 Real Estate. DLA Piper and TPA supported FLE with legal and tax advisory accordingly.
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