The international real estate investor and developer Ghelamco Group has sold Trinity Park III, the 75,000 m² third and last phase of the highly successful Trinity Park complex in the Polish capital, Warsaw. Trinity Park III, a top-class and modern office building, was sold to SEB ImmoPortfolio Target Return Fund for approximately 93 million.
Trinity Park III is strategically located on Ulica Domaniewska, one of the largest commercial streets in the district of Mokotów, with the "Galeria Mokotów" shopping center located within walking distance. Bus and tram stops are situated very near the property and the construction of the new ring road and the high-speed rail link planned for 2012 will further improve accessibility. Warsaw International Airport is at a ten-minute car drive.
In Mokotów, Ghelamco Group already delivered over 140,000 m² of fully leased A-class office space. Next month, the group will start constructing its next project, Mokotow Nova. This ul. Wolowska project is a 40,000 m² modern A-class, environmentally friendly office park.
SEB ImmoPortfolio Target Return Fund, the new owner of Trinity Park III, is aimed at institutional investors and high net worth individuals. It invests in established real estate markets as well as in regions and utilization concepts with clear growth prospects.