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TORUS DISPOSES OF PHASE ONE OF ALCHEMIA OFFICE COMPLEX IN GDANSK POLAND

Alchemia Office Complex
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Torus has sold phase 1 of Alchemia office complex in Gdańsk to a joint venture ‎between a fund managed by Bluehouse Capital Advisor and an investment vehicle comprising Polish investors and managed by independent Polish fund and asset manager REINO Partners – REINO Dywidenda Plus SA (a joint-stock company – the dividend vehicle generating stable profits to investors). Cushman & Wakefield represented the seller in the transaction.

Alchemia is a Class A office complex located at 411 Grunwaldzka Avenue in Gdańsk. It is the most modern multifunctional complex in Tricity, which will ultimately consist of four towers interconnected by a 4-storey base and two independent buildings featuring offices, ground floor retail and sports and leisure facilities. Alchemia will be delivered in four phases of which the first one was the subject of the transaction. The complex benefits from excellent public transport links, with numerous bus routes on its doorstep and direct access to the platform of the Fast City Train, interconnecting the whole conurbation.

Completed in December 2013, the 24,647 sq m Alchemia phase 1 comprises two towers (Aurum and Platinum) of eight and six storeys, with separate reception areas, interconnected with a four-storey podium building. It accommodates 18,769 sq m of Class A offices, a ground and first floor 574 sq m two-level restaurant and 4,489 sq m dedicated to a sports and recreation center featuring: a 25-metre six-lane swimming pool, two 8-metre recreation pools, full-size sports hall for team sports, fun climb zone, fitness club with advanced gym, cardio zone and spinning room. Alchemia phase I is served by 380 parking spaces arranged over four levels. The building was designed by APA Wojciechowski Architekci architectural studio. Constructed with the use of advanced technologies, it is one of the greenest and most energy-efficient buildings in Poland. Alchemia is the first in Tricity and one of the few projects in Poland awarded LEED Platinum pre-certification – the highest level achievable under the rating for Leadership in Energy and Environmental Design. Key tenants include: Dynatrace, Kemira, MOL Europe, Regus, Aquastacja, GWO, MGroup, Cognizant and Altkom.

Torus Sp. z o.o. Sp. k. is a development company established in 2002 in Gdańsk. The company specializes in development and leasing of modern office space and investing in residential, hotel and industrial sectors.

I am very pleased that the first stage of our flagship investment found a buyer so quickly. This undoubtedly proves the quality of Alchemia, but also shows the maturity and potential of our region. I am convinced that this is an important step in the further development of the Tricity office market,” said Sławomir Gajewski, President of the Management Board at Torus.

Acquisition of Alchemia is a next step in implementing our strategy of developing the dividend investment products based on core properties for which we see a growing demand from the Polish investors. Quality and the international standard of the acquired properties are a key to success of this kind of vehicles. Alchemia, with its prominent location, excellent building quality and tenant mix meets not only the expectations of the vehicles created by REINO Partners, but also those of the international investors. Our view was shared by our joint venture partner, Bluehouse Capital Advisor, with whom we have already closed two transactions this month,” said Małgorzata Cieślak-Belgy, Partner of REINO Partners.   

Soren Rodian OlsenThis transaction confirms investors’ increasing interest in high quality properties in the Polish regional cities, and is a landmark achievement for the Tricity market,” said Soren Rodian Olsen, Head of Office & Industrial Investments at Cushman & Wakefield.