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Yareal has signed a contract to sell the prestigious Nowogrodzka Square office building to a French fund managed by Amundi Real Estate.

The transaction includes an exclusive class A office building covering an area of 11,000 square meters, as well as an underground garage with 148 parking spaces. Nowogrodzka Square was opened in the fall of 2018.

“Nowogrodzka Square is Yareal’s flagship office investment and as such a lot of heart and effort went into its construction. We are certain that this investment will be in the right hands and we have complete confidence that this extraordinary building will serve to provide favorable working conditions to its tenants as well as increase the value of its owner’s portfolio. We can see now more than ever that modern working solutions, including openable windows, terraces and flexible office arrangement, are a necessity – especially in light of the constrains imposed by the ongoing global pandemic. This extraordinary office building is an amazing investment which, in the past, had been long-term leased by reliable tenants and will now go to a fund managed by Amundi Real Estate, a European leader on this market” – says Eric Dapoigny, the President of Yareal Polska.

Nowogrodzka Square is an exclusive 6-story office building that blends in seamlessly with the surrounding historical architecture. It is located a short walk away from Warsaw’s Central Railway Station. a spectacular urban walkway connecting Aleje Jerozolimskie and Nowogrodzka Street was created as part of the project. With ample greenery, numerous benches and restaurants, Nowogrodzka Square has been skillfully integrated into its historical surroundings, which are dominated by modernist brownstones from the early 20th century.

During the negotiations, Amundi Real Estate relied on support from acquisition advisors from Knight Frank, legal advisory from CMS and technical advisory from Sentient. Yareal relied on the services of experts from the CBRE consulting company, and on legal support from GIDE.

Nowogrodzka Square, which was constructed in less than 20 months, meets the rigorous requirements of the international BREEAM system for sustainable building, thanks to which the investment was awarded a BREEAM certificate with an “Excellent” rating. A green urban public walkway was created along the office building, connecting Aleje Jerozolimskie and Nowogrodzka Street. Moreover, Nowogrodzka Square was recently named Best Commercial Building and won the Grand Prix in the 2019 Architectural Prize of the Mayor of Warsaw competition. 

For more information on Nowogrodzka Square, please visit: https://www.yareal.pl/nowogrodzka-square

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I agree to the processing of my personal data provided in this form for the marketing purposes of Yareal Polska consisting in presenting the full offer of Yareal Polska and sending information concerning new property development projects. *) ? *) This data and these consents have to be provided and ticked; otherwise we will be unable to receive your inquiry and present you with an offer in response to the inquiry.

I agree for my e-mail address to be used by Yareal Polska in order to send electronic offers. *) ? *) This data and these consents have to be provided and ticked; otherwise we will be unable to receive your inquiry and present you with an offer in response to the inquiry.

I agree for ICT end devices (my telephone number) to be used by Yareal Polska to initiate incoming calls for the above purpose. **) ? **) The provision of your personal data is voluntary; however, if you provide us your phone number, you will have to mark the consent for the phone contact so that we can get in touch with you through this communication channel.