Union Investment finalize acquisition of Dominikański office complex in Wrocław – EuropaProperty

Union Investment has finalized its acquisition of Dominikański office complex in Wrocław from Skanska Property Poland. JLL and Linklaters advised the buyer in this transaction, Colliers and Dentons advised the seller.

Dominikański, completed in 2015, provides ca. 40,000 sqm of modern grade-A office accommodation. It is well located in the very heart of Wrocław. In immediate vicinity is the Market Square and Galeria Dominikańska Shopping Centre, providing an array of shops, restaurants and services. The location is very well-served by public transport.

Among the scheme’s tenants are companies such as: HP, Deloitte, BGŻ BNP Paribas and PKO BP. The building was designed in accordance with Skanska’s sustainable building philosophy and creates the ideal working environment and significant energy savings.

Leon Ballard, Associate Director, Office Investment at JLL, commented: “The acquisition of Dominikański clearly illustrates the exceptionally strong interest in major office markets outside Warsaw. The establishment of these markets is underpinned by the delivery of modern, high class office schemes, secured with long-term lease agreements to corporate occupiers. Attractive investment product, coupled with strong underlying leasing dynamics, continues to gain the attention of investors in markets such as Wrocław, Kraków and Tri-City, with Łódź, Poznań and Katowice on the horizon for 2016.”