Global real estate services firm Cushman & Wakefield represented Commerz Real in the disposal of the Jabłonowski Palace to a private developer S+B Gruppe.
The Jabłonowski Palace is a complex of office buildings offering a total of 17,000+ sq m of leasable space spread over four floors. It was built between 1773 and 1785 for Antoni Jabłonowski according to a design by Jakub Fontana and Domenico Merlini. Since then, it has gone through three reconstructions necessitated, among other things, by a fire and wartime hostilities. In 1939, Warsaw Mayor Stefan Starzyński commanded the defence of Warsaw from the Jabłonowski Palace, which served as a city hall at the time. Following the upgrade completed in 1997, the Jabłonowski Palace now features a façade rebuilt to pre-1936 architectural plans and refurbished unique-style interior. The building is situated at 16/18 Senatorska Street, in a prestigious location of the Old Town, right in front of the Grand Theatre and National Opera.
Soren Rodian Olsen, Partner, Capital Markets, Cushman & Wakefield, said: The Jabłonowski Palace located on Senatorska Street is an iconic office building in Warsaw’s historical city center, and we are very proud of having represented Commerz Real in the disposal of this very special property that is the registered seat of mBank, one of Poland’s leading financial institutions. This transaction pays tribute to older and historical buildings being able to compete for institutional capital in Warsaw’s booming office market.