Ares Management has acquired Warsaw’s Jerozolimskie Business Park which it will be adding to its European portfolio. The project was purchased from the German IVG Institutional Funds GmbH as part of a €100m transaction that includes a total of eight projects, located in the UK, Germany, Sweden, Poland, the Netherlands. Cushman & Wakefield represented Ares in the transaction.
Located in Warsaw’s CBD at Al. Jerozolimskich 146, Jerozolimskie Business Park comprises four buildings, totaling 16,840 sqm of space. The project was completed in 2001. Tenants include Nowa Era, PGNiG, Takeda, MacMillan Publishing and Intel.
