NEWS RELEASE
27.01.2022
M7 Real Estate sells Mokotow Plaza to FLE GmbH. Avison Young represented the seller in the transaction
Mokotow Plaza is a class A, modern 5-floor office building, which underwent refurbishment in 2014. It is located in an established office district of Warsaw, Mokotow Business District, at 6 Postępu Street. Its total GLA is 15,500 leased on long-term agreements to such notable tenants as: EnelMed, SDI Media, Securitas, BDO, Rockwool.
The property is situated next to the bus stops, enabling easy communication with metro stations Wilanowska and Wierzbno. Nearby there is also the S79 expressway connecting with the Warsaw Southern Ringroad and A2 motorway to Berlin. Moreover, the international Warsaw Chopin Airport is located in the vicinity.
“Mokotow Business District is undoubtedly Warsaw’s most developed non-central business hub outside the city center of Warsaw. The area has undergone substantial urban transformations for the last few years. The redevelopment of Marynarska Street or extension of Postępu and Woronicza streets as well as several offices, residential and hotel projects were delivered. Attractive rental levels in comparison to the city centre are perfect for companies targeting cost‑efficient solutions within renewed office environment. We are expecting more transactions of comparable assets in the area in the near future.” – comments Bartłomiej Krzyżak, Senior Director, Investment at Avison Young in Poland.
“We are very happy about our latest acquisition in Poland” – adds Alexander Klafsky, managing partner of the purchaser. “Mokotow Plaza guarantees a strong cash flow that is secured for more than six years and a very high upside potential. After being present already in several regional cities in Poland, we are glad to have finally entered Warsaw market with an office investment and are eager to increase our portfolio here. Our appetite for Polish real estate remains strong as well in 2022.”
Avison Young investment team has been representing the seller throughout the transaction. Allen&Overy provided legal advisory to M7 Real Estate. DLA Piper and TPA supported FLE with legal and tax advisory accordingly.
M7 Real Estate
M7 is a leading specialist in pan-European, regional, multi-tenanted commercial real estate and is part of the M7 Investment Group of companies. The company has over 225 employees in 15 countries and territories. M7 team manages over 620 retail, office and industrial properties with a value around €4.0 billion.
M7 Real Estate Ltd is part of the M7 Investment Group and focuses on the real estate investment and asset management operations of the M7 Investment Group.
FLE GmbH
FLE is investment advisor for real estate in Europe and headquartered in Vienna, Austria. FLE selects only such projects that measure up to high standards of security and exhibit both strong cash flows as well as significant growth potential. A large part of the company’s success is the result of active asset management.
FLE is part of the French LFPI group, one of the biggest independent multi-strategy alternative asset managers in Europe with approximately fourteen billion Euros of assets under management.
Avison Young
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. Headquartered in Toronto, Canada, Avison Young is a collaborative firm owned and operated by its Principals. In the Polish commercial real estate market, Avison Young is providing professional consultancy services such as investment advisory, valuation consultancy, technical advisory and proje
Press contact:
Anna-Maria Schlintner
FLE GmbH
Palais Kinsky
Freyung 4/12, 1010 Wien, Österreich
office@fle.co.at
Tel.: +43 1 53202110