Torus has signed a preliminary sales agreement of Phase II of Alchemia office complex in Gdańsk with PHN SPV 33, a subsidiary of the Polski Holding Nieruchomości (PHN) Group. The value of the transaction was €60.8m.
Alchemia is a Class A office complex located at 411 Grunwaldzka Avenue in Gdańsk. It is the most modern multifunctional complex in Tri-City, which will consist of four independent buildings featuring offices, ground floor retail and sports and leisure facilities. Alchemia will be delivered in four phases of which the second one was the subject of the transaction.
Alchemia Phase II, completed in October 2015, comprises two towers of six and eight storeys with separate reception areas and a four-storey link building. The GLA is 25,000m² and the Anchor tenants are State Street, Wipro IT Services and Alexander Mann Solutions. The scheme is one of the few projects in Poland awarded with LEED Platinum certificate and was designed by renowned APA Wojciechowski Architekci architectural studio.
In August 2015, Torus sold Alchemia Phase I office complex to a joint venture between a fund managed by Bluehouse Capital Advisor and an investment vehicle comprising Polish investors and managed by independent Polish fund and asset manager REINO partners - REINO Dywidenda Plus SA
The transaction of Alchemia Phase II sets a new benchmark high in the Tri-City office market and pays tribute to the continued success story of Torus. The Alchemia complex is clearly one of the highest quality developments in Poland, which is evidenced by the strong interest of occupiers as well as core investors. Never before have Polish regional cities seen such high leasing and investment activity as now, and we forecast this to continue over the next 3 years,” said Soren Rodian Olsen, head of office & industrial investments at Cushman & Wakefield.
