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In December 2011, JLL sold an A-class office complex in Warsaw, on behalf of Bouygues Immobilier Polska to Qatar Holding for $191 million.
The project became the headquarters of Polish Telecom – Telekomunikacja Polska SA. whose main shareholder is France Telecom. The complex comprises five office buildings totaling 43,700 s.m. of institutional-quality office area and more than 1000 parking spaces. The project also includes a number of amenities such as canteen, cafeteria, parking area for bicycles, innovation garden, first aid stations or local coffee rooms. The tailor-made headquarters of Polish Telecom will conform to the most rigorous standards of intelligent facilities. Each of the buildings in the complex is equipped with raised floors and suspended ceilings, air-conditioning, security and telecommunication system, as well as modern Building Management Systems. The project will be completed in summer 2013 and is BREEAM certified.
Due to the overall economic slowdown in Europe, many developments came to a halt. Qatar Holding’s decision to invest in the class-A office complex demonstrated their belief in the Polish economy and its development potential.
JLL leveraged the use of its extensive investor databases to develop a targeted international marketing campaign identifying new capital sources. The marketing campaign articulated the unique Polish market characteristics in a global context to a diverse international audience.
JLL’s secured the first major purchaser from MENA in the market, Qatar Holding, and helped manage the buyer relationship through to successful completion, resulting in a forward sale of $191 million.