Amundi Real Estate, on behalf of the funds it manages, has acquired "NEOPARK", a Class A office complex located in Warsaw, from property developer Yareal.
With a surface area of 24,620 sqm spread over two buildings, the complex is organized as a "campus" offering numerous services and amenities: green space, terraces, restaurants, parking facilities for 600 vehicles, archives, meeting rooms, fitness center, car cleaning service, showers, lockers, etc. The entire complex is leased to several tenants, the largest of which is Play, the leading telecommunications operator in Poland.
Built in 2017 and 2018, both buildings have a BREEAM Excellent certification. Their design and functionality have attracted companies from various sectors. The horizontal organization of the building and its characteristics have been designed in line with the needs expressed by companies in the present and future environment.
The building is located in the Mokotow business district and is easily accessible from Cybernetyki Avenue, a main route to the airport. Numerous public transport facilities in the vicinity facilitate access to the city center: train, bus, streetcar and metro. "Galeria Mokotow", one of the most popular shopping malls in Warsaw, is just a 10-minute walk away.
Marc Bertrand, Chief Executive Officer of Amundi Real Estate, said: "With the acquisition of this campus, we are strengthening our position in the Polish corporate real estate market. This is in line with our strategy to secure revenues in assets that meet the criteria of flexible, collaborative spaces that improve the comfort and working environment of users. Warsaw offers attractive yield opportunities and recent assets occupied by international companies."
Amundi Real Estate was advised in this transaction by CMS Poland and France for legal and tax, Cushman & Wakefield for corporate finance, Arcadis for the technical aspects and Berlin Hyp for bank financing.
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