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Hines Polska sold Proximo to a Czech investor

Proxim
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Hines, an international real estate firm, has sold Proximo office building located in Warsaw to Reico, a Czech company of the Erste Group. The seller was advised by global real estate services firm Cushman & Wakefield and law firm Dentons.

Proximo is a high quality development project located at the Daszyńskiego Roundabout in the rapidly growing eastern part of Warsaw’s Wola district, part of the city’s Central Business District. It is the first sale of a new office development at the roundabout and the Czech investor’s first acquisition in Poland.

The Proximo complex comprises two premium quality office and service buildings offering a total combined GLA of  46,300 sqm office space and 2650 sqm of retail & services, of which the first phase with 28,385 sqm was the subject of the transaction. Proximo is recognised for its unique design and functionality. The architectural design was created by Rolfe Judd while the interior was designed by the Italian firm, Pininfarina. The building has received environmental certification BREEAM Excellent

Proximo is in close proximity to Warsaw’s city centre, next to the second metro line (the entrance to the Rondo Daszyńskiego metro station is right at the doorstep), tram and bus stops, making it one of the capital’s best connected office buildings.

Soren Rodian Olsen, Partner, Capital Markets Group, Cushman & Wakefield, said: “Proximo is a landmark building at Rondo Daszyńskiego and yet another show case by Hines Polska. We are very proud to be working side-by-side with Hines on this transaction that has attracted new capital to Poland, and once again demonstrated that Warsaw is a top investment destination in Central & Eastern Europe.”

The buyer was represented by CMS and CBRE.