CBRE announced that it acted as advisor of Deutsche Asset & Wealth Management on the purchase of Rondo 1, an iconic office building in Warsaw, Poland. This is the largest single office investment transaction in Poland.
Rondo 1 is a 40 storey A class office building located in the heart of Warsaw. The Property offers over 66,000 m². of the highest quality office space and almost 500 parking spaces for employees and guests. Rondo 1 received a LEED Gold certificate in “the existing building” category and is the first high-rise building in Europe to receive such a classification. The main tenants are EY, Dentons, Frontex, Volkswagen and many more prestigious companies.
Mike Atwell, Senior Director, Head of CEE Capital Markets at CBRE, said:
“CBRE was delighted to advise Deutsche Asset & Wealth Management on the purchase of such a prestigious property. This is the largest single office investment in Poland and one of the biggest in CEE. The acquisition of Rondo 1 confirms that investors continue to focus on prime assets and Warsaw is one of the most targeted locations in the region. There are several large on-going transactions which should be finalized during 2014 and we expect investment volumes to be higher than in 2013.”