Philips Completes Sale Leaseback of HQ in Poland

Jones Lang Lasalle Web Site - October 30, 2006

Guardian Asset Managers has made its first investment in Warsaw, Poland. In a sale-and-lease-back transaction the company has acquired the Philips HQ building with long term lease for 100% of the premises. Jones Lang LaSalle represented the seller Philips while King Sturge represented the buyer - Guardian Asset Managers.

Philips HQ is an A class office development, located on Aleje Jerozolimskie 195B in Warsaw, right in the middle of well established business district. The Property offers a high quality design and good functionality of office space, located over four floors (including ground floor) and comprising 5,751 sq m of rentable office space. It provides 170 car parking spaces located on covered car parking adjacent to the Property.

The Property is conveniently accessible both by private and public transport, as it is serviced by numerous bus lines and the WKD (local commuter train service). A station for this train service is located within 400 metres of the Property. Sphere: Related Content