Major Office Transaction in Wrocław
Wrocław's commercial real estate sector continues to be dynamic. A subsidiary of Polish developer Archicom has successfully divested its ownership of the City 2 office building, located in the city. The buyer is a Polish private investor, who completed the acquisition for a sum of 31 million euros.
Transaction Details and Market Context
The sale allows Archicom to strategically focus on its core residential development business and secure capital for further expansion of its land bank. The transaction included standard market provisions, such as a 5-year rental guarantee agreement provided by the seller. Additionally, the seller committed to completing fit-out works in certain areas of the building, indicating ongoing improvements or tenant preparations.
About the City 2 Building
City 2 is a modern office complex spanning 6 floors and offering approximately 10,900 square meters of prime office space. Its current tenant roster includes established names like Orange, the National Health Fund (Narodowy Fundusz Zdrowia), Bank Millennium, Asseco, and City Space, demonstrating the building's appeal to diverse and reputable organizations.
Wrocław's Appeal for Businesses
This transaction underscores Wrocław's position as a key location for commercial real estate investment and business operations in Poland. The presence of major tenants in buildings like City 2 signals a healthy demand for quality office environments. For businesses exploring office space options in Wrocław, this sale, along with the included tenant guarantees and fit-out commitments, reflects a market where building quality and tenant security are important considerations.
Source: propertynews.pl
