WARSAW, February 16, 2021 - Greenberg Traurig advised Torus on the sale of the Neon office building in Gdańsk, the fourth and final stage of the Alchemia business complex in Gdańsk, to the German fund DWS Grundbesitz GmbH Sp. z o.o. branch in Poland. The sale transaction, worth over EUR 80 million (net), is the second highest in the Polish developer’s history in terms of value and one of the largest in the history of the Tricity office market.
The Neon building offers over 35 thousand sqm of leasable area, including 33.5 thousand sqm of office space and over 1.5 thousand sqm of retail area located on the ground floor along the walkway between the Alchemia complex buildings. The two-year construction of Neon was completed in October 2019.
The Neon building, LEED-certified at the highest, Platinum level, is an architectural and functional complement of the Alchemia office complex, designed entirely by the APA Wojciechowski Architekci studio.
The Greenberg Traurig transaction team was led by Partner Agnieszka Stankiewicz and Senior Associate Rafał Siwek.
Torus is a Polish office real estate developer. To date, the company has completed 7 transactions for the sale of its office properties to 6 different funds (5 buildings of the Arkońska Business Park and 4 stages of Alchemia) for a total of nearly EUR 370 million.
DWS is one of the leading investment funds managing assets worth EUR 759 billion (as of 30 September 2020). It is headquartered in Germany but operates globally with nearly 3,300 employees worldwide. The purchase of Neon is another transaction carried out by DWS on the Polish real estate market.