{"id":1004102627,"date":"2014-08-21T08:04:31","date_gmt":"2014-08-21T16:04:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004102627"},"modified":"2022-12-08T00:24:41","modified_gmt":"2022-12-08T08:24:41","slug":"international-starwood-grabs-840ksf-office-portfolio-in-poland","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/international-starwood-grabs-840ksf-office-portfolio-in-poland\/","title":{"rendered":"Starwood Grabs 840 KSF Office Portfolio in Poland"},"content":{"rendered":"<p>By Barbra Murray, Contributing Editor<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/T-Mobile.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004102628\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/international-starwood-grabs-840ksf-office-portfolio-in-poland\/t-mobile\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/T-Mobile.jpg\" data-orig-size=\"380,229\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"T-Mobile\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/T-Mobile.jpg?w=380\" class=\"alignright size-medium wp-image-1004102628\" alt=\"T-Mobile\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/T-Mobile.jpg\" width=\"300\" height=\"180\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/T-Mobile.jpg 380w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/T-Mobile.jpg?resize=300,181 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Starwood Capital Group\u2019s acquisition activity on behalf of Starwood Distressed Opportunity Fund IX continues with the purchase of a three-property office portfolio in Poland. Starwood Capital acquired the 840,000-square-foot group of Class A assets from developer Ghelamco.<\/p>\n<p>Starwood Capital is not blurting out specifics on the acquisition cost, but the company certainly had a helping hand. German bank Helaba, acting as sole underwriter and arranger, provided the investment firm with approximately $180.5 million in long-term financing for the purchase.<\/p>\n<p>Two of the properties, T-Mobile Office Park and \u0141opusza\u0144ska Business Park, are located in Warsaw and made their debut in 2013. The third asset, Katowice Business Point opened in Katowice in 2010. Together the office destinations boast an average occupancy rate of 96 percent, and a premier tenant roster that includes the likes of Allianz Poland, Citibank, Pricewaterhouse Coopers and, of course, T-Mobile.<\/p>\n<p>&#8220;We believe that these properties are well-positioned to benefit from the persistent strengthening of\u00a0Poland, one of\u00a0Europe&#8217;s\u00a0fastest-growing economies,&#8221; Keegan Viscius, vice president at Starwood Capital, stated in a press release. He highlighted a list of drivers in the office market. &#8220;Improving business confidence and easing credit conditions are likely to support an increase in investment in Poland, and labor market conditions, already strong, should also continue to improve,\u201d Viscius said. \u201cDomestic companies are profiting from these positive economic trends, while multinational corporations are attracted by the country&#8217;s highly skilled workforce, central European location, modern infrastructure, stable political environment and vibrant culture. All of these factors should spur demand for modern, high-quality office space.&#8221;<\/p>\n<p>CBRE Group Inc. represented Starwood Capital in the transaction, while Jones Lang LaSalle and Hogan Lovells stood in for Ghelamco.<\/p>\n<p>Starwood Capital\u2019s acquisition activity on behalf of SOF IX was strong before the global opportunistic real estate fund closed in April 2013, and it is only going to continue in that vein, as the money is available. SOF IX closed with $4.2 billion of total capital commitments, having reeled in 100 investors from around the world.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starwood Capital Group continues its acquisition activity on behalf of a Starwood distressed opportunity fund. <\/p>\n","protected":false},"author":969,"featured_media":1004102628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21783,21742,21747],"tags":[],"class_list":["post-1004102627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-investment","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Starwood Grabs 840 KSF Office Portfolio in Poland - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/international-starwood-grabs-840ksf-office-portfolio-in-poland\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Starwood Grabs 840 KSF Office Portfolio in Poland\" \/>\n<meta property=\"og:description\" content=\"Starwood Capital Group continues its acquisition activity on behalf of a Starwood distressed opportunity fund.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/international-starwood-grabs-840ksf-office-portfolio-in-poland\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-08-21T16:04:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T08:24:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/T-Mobile.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"380\" \/>\n\t<meta property=\"og:image:height\" content=\"229\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-starwood-grabs-840ksf-office-portfolio-in-poland\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-starwood-grabs-840ksf-office-portfolio-in-poland\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"Starwood Grabs 840 KSF Office Portfolio in Poland\",\"datePublished\":\"2014-08-21T16:04:31+00:00\",\"dateModified\":\"2022-12-08T08:24:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-starwood-grabs-840ksf-office-portfolio-in-poland\\\/\"},\"wordCount\":344,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-starwood-grabs-840ksf-office-portfolio-in-poland\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/08\\\/T-Mobile.jpg\",\"articleSection\":[\"Finance\",\"Investment\",\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-starwood-grabs-840ksf-office-portfolio-in-poland\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-starwood-grabs-840ksf-office-portfolio-in-poland\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/international-starwood-grabs-840ksf-office-portfolio-in-poland\\\/\",\"name\":\"Starwood Grabs 840 KSF Office Portfolio in Poland - 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