Colliers International has arranged Central & Eastern Europe’s largest commercial real estate transaction to-date in 2009 – the sale of the Deloitte House for euro 117 million. The newly constructed, 21,000-square-meter, Class A office building – located in the central business district of Warsaw, Poland – is also the city’s first certified green building. The property officially opened this month.
Colliers represented property owner Skanska, the world’s fifth largest construction company, on the landmark transaction. Clifford Chance acted as legal advisor to the seller. The buyer was a fund managed by Deka Immobilien, a German-based international investment management firm.
Colliers also serves as property manager for the fully leased building. The global financial services firm Deloitte is the anchor tenant.
Send an E-Mail for India Property Enquiry!
Related News from India Properties
Sharia’a compliant real estate fund acquires Pound 58.8 million UK portfolio
The deal - believed to be the first Shariaa compliant real estate transaction involving two Islamic institutions based in the UK - comes as the fund begins a capital raising process which aims to attract between €200 million and €500 million of investor funds. The properties have been held for the past three years in a Shariaa compliant fund, co-sponsored by ABC International Bank plc (a subsidiary of Arab Banking Corporation) and Global Securities House WLL. The properties consists of three offices, one office and retail unit and one distribution unit, located in Surrey, Newcastle, Hammersmith, Gloucestershire and Nottingham. These
Real estate builds itself out of downturn
Commercial real estate transactions, considered a key indicator of economic activity, is showing first signs of stability after a free fall during the early part of this year. According to real estate consultants, the worst phase for the industry seems to be over as lease rentals both in peripheral areas as well as the central business district (CBD) are showing signs of settling down, in addition to deals getting clinched. Transaction data show that Chennai and its adjoining areas witnessed more than 1.95 million square feet of property deals in the first half of 2009. The whole of 2008 witnessed
MCHI announces Property 2009, India’s Largest Official Property Exhibition at MMRDA grounds BKC during October 1-4, 2009
Maharashtra Chamber of Housing Industry (MCHI), the most prominent body of real estate builders and developers in the country, today announced Property 2009 their 15th Real Estate and Housing Finance Exhibition to be held at MMRDA grounds, Bandra Kurla Complex, Mumbai scheduled to be held during October 1-4, 2009 from 11am to 8pm. Property 2009, Indias only official and largest real estate and housing finance exhibition organized bi-annually by the MCHI from last ten years, is a one-stop destination for the potential property buyers in Mumbai. It offers home buyers a wide range of properties both Budget, High End and Commercial
L&T bets big on real estate; bags Rs 610 cr order from Dubai co
Larsen & Toubro and Eastern Contracting LLC (Eastern) have jointly bagged an order worth Rs 610 crore from Victory Heights Golf Residential and Development, to build a residential property in Dubai Sports City. The project is expected to be completed in 660 days. The order win spurred L&T shares to an intra-day high of Rs 1,967. At 12:45PM, the shares were up 1.39% at Rs 1,954, with volume traded on BSE at 1,27,451 shares against the two-week average of 2,22,564. L&T and Eastern Contracting, a Bukhatir group company which undertakes a variety of turnkey and other construction projects in United
Most expensive real estate markets
Monte Carlo is No 1 in the Global Property Guide's list of Worlds Most Expensive Residential Real Estate Markets 2009, more than twice as expensive, at US$45, 000 per square metre, as the runner up. Battling for the number 2 position are prime central Moscow and London. Prime central Moscow's US$20,853 per square metre price tag slightly outpaces core Prime London's US$20,756 per square metre, though it is fairer to say the two cities are neck-and-neck. London residential property prices have fallen for much of 2008, while Moscow property price declines only started in the last quarter, allowing Moscow to catch up