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Amundi Real Estate strengthens its position in Poland with the acquisition of "NEOPARK”, continuing its international development

London, UK,

Amundi Real Estate, on behalf of the funds it manages, has acquired "NEOPARK", a Class A office complex located in Warsaw, from property developer Yareal.

With a surface area of 24,620 sqm spread over two buildings, the complex is organized as a "campus" offering numerous services and amenities: green space, terraces, restaurants, parking facilities for 600 vehicles, archives, meeting rooms, fitness center, car cleaning service, showers, lockers, etc. The entire complex is leased to several tenants, the largest of which is Play, the leading telecommunications operator in Poland.

Built in 2017 and 2018, both buildings have a BREEAM Excellent certification. Their design and functionality have attracted companies from various sectors. The horizontal organization of the building and its characteristics have been designed in line with the needs expressed by companies in the present and future environment.

The building is located in the Mokotow business district and is easily accessible from Cybernetyki Avenue, a main route to the airport. Numerous public transport facilities in the vicinity facilitate access to the city center: train, bus, streetcar and metro. "Galeria Mokotow", one of the most popular shopping malls in Warsaw, is just a 10-minute walk away.

Marc Bertrand, Chief Executive Officer of Amundi Real Estate, said: "With the acquisition of this campus, we are strengthening our position in the Polish corporate real estate market. This is in line with our strategy to secure revenues in assets that meet the criteria of flexible, collaborative spaces that improve the comfort and working environment of users. Warsaw offers attractive yield opportunities and recent assets occupied by international companies." 

Amundi Real Estate was advised in this transaction by CMS Poland and France for legal and tax, Cushman & Wakefield for corporate finance, Arcadis for the technical aspects and Berlin Hyp for bank financing.

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About Amundi

Amundi, the leading European asset manager, ranking among the top 10 global players[1], offers its 100 million clients – retail investors, institutional investors and companies – a complete range of savings and investment solutions in active and passive management, in traditional or real assets.

With its six international investment hubs[2], financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.

Amundi clients benefit from the expertise and advice of 4,700 employees in nearly 35 countries. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages over €1.7 trillion in assets[3].

 

Footnotes

 

  1. ^ [1] Source: IPE “Top 500 Asset Managers”, published in June 2020, based on AuM at 31/12/2019.
  2. ^ [2] Boston, Dublin, London, Milan, Paris and Tokyo
  3. ^ [3] Amundi data as of 31/12/2020

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