DEUTSCHE ASSET & WEALTH MANAGEMENT ACQUIRED RONDO 1
DEUTSCHE ASSET & WEALTH MANAGEMENT ACQUIRED
THE RONDO 1 BUILDING IN WARSAW, POLAND
CBRE advised Deutsche Asset & Wealth Management on the largest single office investment transaction in Poland
Warsaw, 4 April 2014 – CBRE, the world’s leading real estate advisor, today 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 sq m. 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 finalised during 2014 and we expect investment volumes to be higher than in 2013.”
To watch an interview with Mike Atwell, please click HERE