BPT closes largest ever Polish sale and lease back transaction
1 August 2008
Related to
BPT Optima
After over six months of intensive
project studies and negotiations, on Wednesday this week - 30th of
July, BPT into the final sale and lease back agreements with
one of the largest European communications companies,
Telekomunikacja Polska S.A. - part of the France Telecom Group. On
the basis of the sale agreements BPT Optima fund acquired in total
approximately 62,000 sq. m. in the Business Districts of Warsaw.
The entire project consists of the three top-located properties -
two landmark office towers included. The acquisition brought into
the portfolio high quality and conveniently equipped A-class office
space supplied by nearly 500 parking spaces and a private heliport.
All three properties benefit from an easy access to the surrounding
facilities such as public transportation within a walking distance,
shopping centre, banks, public institutions, hotels,
restaurants.
The total investment, close to 168
million EUR, is expected to provide the investors with a solid
yield much exceeding 7%.
"This spectacular purchase became
another milestone in respect of acquisition for the BPT group.
Owing to the scale of transaction BPT obtained a unique opportunity
to efficiently indicate its presence on the Baltic Sea region real
estate market. I as well believe that this project turned into the
largest sale and lease back transactions in the office segment ever
concluded in Poland." - said Tomasz Tromer, Partner and Country
Director of BPT, Poland - "I am confident that our team will
continue to live up to our commitment for quality and efficiency,
so our tenants will approve our mission statement saying: BPT -
Your first-choice partner in real estate solutions".
Twarda Tower, Moniuszki Tower as well
as the Obrzezna Building will be exclusively occupied by TP S.A. on
the basis of mid-term lease agreements.
Legal services of the transaction were
provided the law firms - Law Firm of Legal Advisers and Barristers
Głuchowski Jedlinski Rodziewicz Zwara & Partners from Sopot,
Poland and Bech-Bruun Law Firm from Copenhagen, Denmark.
Nordea Bank group is the financier of
the project.
For more information about this
press release, please contact:
Baltic Property Trust Investor Relations,
phone +45 33 69 07 33,
e-mail: Click here
to Email
Tomasz Tromer
BPT Partner & Country Director, Poland
BPT Asset Management Sp. z o.o.
phone: +48 58 767 79 99
email: Click here
to Email
