Avestus Capital Partners is pleased to announce that it has recently completed the acquisition of a site with full development rights in the centre of the university city of Wroclaw, Poland’s fourth largest city, to build circa 22,365 sqm of prime office space with ancillary retail.
The site has been acquired as part of a joint venture with Tristan Capital Partners and is ready for immediate development, with delivery of the building scheduled for 2020.
The site occupies a landmark location in the central business district of Wroclaw and enjoys excellent transport links and connectivity. The property will be of grade A quality and has achieved a BREEAM Excellent pre-certification.
Demand for office space in leading regional cities in Poland has increasingly been driven by the expansion of the business process outsourcing sector. Wroclaw, with its highly-skilled labour pool and an attractive business environment, has already established itself as one of the most valued international and domestic office occupier destinations and we anticipate strong occupier demand for this institutional quality building.
Avestus Real Estate (Poland) will be providing development management services throughout the life of the project.