EUR 190 mln Metropolitan changes hands

Deutsche Asset & Wealth Management (DeAWM) has officially announced that it purchased the Metropolitan office building in Warsaw on behalf of its institutional investors. The transaction was financed by commercial property funds.


21 October 2014
Monika Rykowska

Last week, ‘Eurobuild CEE’ reported on the transaction. Now DeAWM confirmed the information, saying that the transaction was worth EUR 190 mln. The building’s new owner is RREEF Investment GmbH. With the new asset, the total value of its Polish portfolio exceeds EUR 1 bln, which makes it one of the largest investors on the country’s office real estate market. Previously Metropolitan was owned by the German fund Aberdeen Asset Management Deutschland. Completed in 2003, Metropolitan offers 38,000 sqm of useable space, which includes a 33,500 sqm office space and a 3,600 sqm retail and services space. Retail and services units are situated on the building’s ground floor. In addition, the project offers a two-level underground car park. The remaining part of the building is earmarked for typical office use. Designed by Foster and Partners, the project is comprised of three attached buildings, which have separate reception areas.

Source: Eurobuild

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Monika Rykowska
PR & Marketing Director
+48 725 900 100
monika.rykowska@axiimmo.com