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Hines and Zeus Capital Management Complete the First Office Acquisition in Warsaw for 2019



January 30, 2019, 13:13 (PX Newswire)

On 24 January 2019, Hines, the international real estate company, and Zeus Capital Management, announced the completion of the sale and purchase of the Graffit building. The property owned by Hines Russia & Poland Fund (HRPF) was sold to TAN Poland Sp. z o.o., a company managed by Zeus Capital Management (“Zeus”). This is Zeus’ first investment in Poland and it is part of its commercial real estate platformdedicated to Central and South East Europe.

Graffit is a top-quality office building with a section for retail and services, located at 28 Domaniewska St in Warsaw. The facility was commissioned in the first quarter of 2018 and offers 18,500 square meters of space.

“On behalf of Hines, I would like to thank Zeus Capital Management and the advisors of both parties for the efficient transaction. Graffit is an important transaction, not only for the seller and buyer, but also for the entire market. We have proven that Mokotów is still an attractive market for developers, tenants and investors alike,” commented Wojciech Rumian, Vice President of Hines Polska.

“The acquisition of Graffit is our first transaction in the Warsaw market and fits perfectly with the investment strategy of our investment platform. We are very pleased to have acquired one of the prime office buildings in the promising Mokotow submarket. The property is ideally positioned to benefit from the real estate submarket’s upswing and we are confident it will perform exceptionally well for our investors,” said Lila Pateraki, Chief Investment Officer at Zeus Capital Management.

In the transaction, Hines was represented by Dentons, the real estate agency Colliers International Poland and CRIDO. The buyers were advised by DLA Piper Giziński Kycia, the real estate consultancy Cushman & Wakefield Polska, Ernst & Young and Sentient. The acquisition was financed by Berlin Hyp.

About Graffit
Graffit is a building at 28 Domaniewska St, near the Wilanowska metro station. The entire facility offers approximately 18,500 square meters of Class A leasable area on seven stories including approximately 1,900 square meters for retail and services. Owing to a low building add-on factor, the building stands out with a large area of the typical floor: as much as 2,600 square meters. The design also provides for a three-level underground car park for 360 cars, as well as a complete infrastructure for cyclists including stands, changing rooms and showers. Designed by the Polish branch of the London design practice Rolfe Judd, Graffit complies with the highest standards of sustainable construction and has been awarded the BREEAM Interim Excellent sustainability certificate. Until now, the facility has been owned by HRPF, a fund managed and financed by Hines. The tenants of the building include, among others, Roche Global IT Solutions, Roche, Lingaro, Pandora, Michelin, Eiffage, Szkoła Tańca Rytm dance school, Żabka, and Nowakowski Gorąco Polecam.

About Hines
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 207 cities in 24 countries. Hines has approximately $116.4 billion of assets under management, including $64 billion for which Hines provides fiduciary investment management services, and $52.4 billion for which Hines provides third-party property-level services. The firm has 109 developments currently underway around the world.
Historically, Hines has developed, redeveloped or acquired 1,319 properties, totaling over 431 million square feet. The firm’s current property and asset management portfolio includes 527 properties, representing over 224 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.

About Zeus Capital Management
Zeus Capital Management is an international privately held investment management company, specializing in real estate investments. The company, through its network and affiliated entities, is currently active in Europe, the Middle East and the United States. Its team of investment professionals, complemented by a world-class group of advisors and consultants, has broad management and execution experience in a wide range of real estate transactions, finance and economics. The company has a flexible and robust investment platform catering to the investment needs of its wide pool of investors, which includes corporate and financial institutions, sovereign wealth fund and high-net-worth individuals. Visit www.zeuscm.com for more information.


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