Madison International Realty, a leading real estate private equity firm, announces that it has acquired a stake in the newly developed Chmielna 89 landmark office building in Warsaw’s CBD from the Cavatina Group. The acquisition values the project at over €100 million.
Chmielna 89 is fully let to Poland’s largest bank and one of its oldest financial institutions, PKO BP, on a ten-year lease.
Located in the business centre of Warsaw, Poland’s leading office market, between Chmielna Street and Aleje Jerozolimskie, the City’s main east west artery, the 14-storey building has a highly characteristic design resembling a giant crystal and creating an easily recognizable new landmark on the Warsaw skyline.
The building offers over 25,000 sqm of grade A new office space and is fitted with a number of features to promote occupier wellness including 2.8m windows to allow for maximum daylight, state of the art air conditioning systems, 11 lifts and a series of distinctive green terraces providing 370 sqm of outside space. The office accommodation is served by 644 sqm of ‘in-house’ amenities on the ground floor, including retail dining and café areas.
The building is further served by 122 parking spaces across two underground levels in addition to its excellent public transport connectivity and proximity by foot to many residential areas.
Chmielna 89 has been awarded a BREEAM excellent certificate and its sustainability and design credentials were further recognised at the 2018-2019 International Property Awards in London. where it received the “Best Office Development in Poland”, “Best Office Development in Europe” and “Best International Office Development” awards. In 2020, the building was awarded in the Property Design Awards competition in the category: office building.
Source : Company