A transaction involving two Class A office buildings in Warsaw – Nefryt and Topaz, located on Domaniewska Street – has recently been closed. One of the buyers, a UK-based private equity fund, was supported by experts from the international advisory firm Cushman & Wakefield, while the seller was advised by Colliers. Cushman & Wakefield also manages the complex. The other buyer is Resolution Capital Management.
"This transaction involving the purchase of Nefryt and Topaz signals the growing investor appetite for stable and well-managed Class A buildings in prime Mokotów locations – including the Służewiec Przemysłowy area. Limited new office supply in Warsaw, coupled with rising tenant expectations for sustainable management and energy efficiency, is creating highly attractive conditions for investment in high-standard properties. In our opinion, both buildings represent an excellent acquisition for the investor, who is consciously pursuing the further development of these assets, with a focus on both enhancing user comfort and optimizing operating costs,” says Marcin Kocerba, Partner, Capital Markets, Cushman & Wakefield Poland.
"The latest transaction in the Mokotów-Służewiec business area confirms that the period of turbulence in the local office submarket is now over. The best properties in Służewiec offer a genuine long-term alternative to assets in the City Center, where vacancy remains limited and rents are rising. Nefryt and Topaz are amongst the clear winners in this location: thanks to meticulous asset management, both buildings continue to attract top tenants, as evidenced by their strong re-leasing performance in recent years. They still offer excellent Class A quality and will continue to generate traction in the investment market. Combined with their prime micro-location, this makes them the standout performers in the area," comments Tomasz Czerniak, Associate Director, Investment Services, Colliers.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.