CBRE advises on the acquisition of Metropolitan
Warsaw, 17 October 2014 – CBRE today announced that Deutsche Asset & Wealth Management has signed the Final Purchase Agreement for Metropolitan building in Warsaw, Poland. The Vendor is Aberdeen. CBRE advises Deutsche Asset & Wealth Management on this purchase.
Metropolitan, located on historical Pilsudski Square, is one of the most recognizable buildings in Warsaw. The building offers over 38 000 sq. m of usable floor space and was designed by one of the greatest contemporary architects – Sir Norman Foster. The glass elevation is decorated with stones made of unique granite, the patio flooring is also made of granite, and in the central courtyard is an innovative fountain creating a unique attraction. Tenants include DZ Bank, Norton Rose Fullbright, GIDE Pologne, McKinsey & Co. among others.
Mike Atwell, Head of CEE Capital Markets at CBRE, said:
“The acquisition of Metropolitan by Deutsche Asset & Wealth Management again confirms that ‘best in class’ properties remain the primary target for international investors. Metropolitan is renowned for its high technical specification, quality architecture and design and has remained one of the premier office buildings in the Warsaw over the last ten years capable of commanding the highest rents. In addition to this, it occupies a truly unique location adjacent to the historic old town which will ensure it remains as one of the prime office buildings in the market regardless of new competition in western city centre locations.”