Hines Sells the Proximo II Office Building

Hines, the international real estate firm, on behalf of the Hines Russia & Poland Fund (HRPF), has today announced the sale of the Proximo II office building for CS nemovitostní fond (CSNF), managed by REICO investment company of Česká spořitelna (REICO IS ČS).

“We would like to thank REICO and its team for the second transaction successfully completed within a 12-month timeframe. We are sure Proximo II ideally fits REICO’s portfolio in Poland,” said Przemysław Iznerowicz, managing director at Hines Polska.

The high-class office building Proximo II, completed in January 2018, is 100 percent leased and among its tenants are i.e. Accenture, EY, Six and IT Kontrakt. Proximo II is the second office building of the Proximo complex that has been bought by REICO IS ČS. The purchase transaction for the first building, Proximo I, took place in August 2017.

In the transaction Hines was represented by Dentons, Cushman & Wakefield and Crido. The purchaser was advised by White & Case, CBRE, TPA and DIL.

Proximo II

Proximo II is located at 26 Przyokopowa Street in Warsaw’s Wola District, in the immediate proximity of the Rondo Daszyńskiego metro station. The cascade-style office building offers its tenants 20,643 square meters of Class A modern office space on 10 floors. A two-level underground car garage houses 207 parking spaces with 12 spaces outside the facility.

Proximo II was created by the reputed British design practice Rolfe Judd, which cooperated with the Italian design studio Pininfarina on the reception lobby design. The investment was completed in line with BREEAM “Excellent” certification standards.