Malthouse Offices, the biggest office building of the Warsaw Brewery complex, as well as the historic Malthouse were acquired by Deka Immobilien, an international investment and asset manager. The buildings were sold for approximately EUR 152.3 million. The transaction is yet another proof that multifunctional, urban destination projects are now more than ever in great demand.
Warsaw Brewery, a flagship destination project of Echo Investment, restored a significant part of the city to residents of the Polish capital city. It is a place where the historic architecture merges with new state-of-the-art buildings and open, green zones. Apart from its residential and food and beverage functions, the Warsaw Brewery complex encompasses three office buildings, where the first two – Gatehouse Offices and Villa Offices, were already sold by Echo Investment.
The Malthouse Offices building acquired by Deka Immobilien received an occupancy permit in September 2020 and has already welcomed its tenants. The investor also became a new owner of the 19th century Malthouse, which will house Robert Lewandowski's awaited restaurant.
“Warsaw Brewery is currently one of the most interesting locations in the capital. Lively, well-designed area in the business centre of Warsaw attracts people to live here, tenants to locate their headquarters and investors to place their financial assets into great office buildings. Thanks to all amazing and carefully selected services, restaurants, craft bars, cafes and bakeries, Warsaw Brewery lures in new guests every day. Now we are welcoming a new co-host of this unique destination project – Deka Immobilien – and we are happy to be able to launch the full food and beverage offer together this summer” says Małgorzata Turek, Echo Investment’s Management Board Member.
“With its best quality, reputable tenants and stable cash-flow, Malthouse Offices are an excellent asset,” adds Michał Obara, Investment Director at Echo Investment.
Malthouse Offices is a part of the Warsaw Brewery multi-functional complex. The asset consists of a 7 floors office building, the historic Malthouse, the Central Garden and the historical cellars. The property, completed in September 2020, comprises of GLA 29,600 sqm and two levels underground parking with 180 parking places.
The office part is leased to the well-known tenants such as Grupa Żywiec, Allen & Overy, MDDP, Point72 and Playtika. Its ground floor is occupied by several restaurants and a gym. The underground part of the building is connected to the historic cellars. This is where the original concept of the Lviv-based Kumpel Group will be created. The ‘Browar Warszawski’ concept will soon welcome guests with beer brewed here, great liquors and delicious food.
Allen & Overy and Baker McKenzie advised the seller, while JLL, Dentons and TPA Poland acted as the buyers’ advisors on the deal.
The Warsaw Brewery project is located on 4.5 ha plot between Grzybowska, Wronia, Chłodna and Krochmalna streets. Echo Investment in cooperation with JEMS Architekci have designed it as a multifunctional quarter of the city, destination in which people will be eager to live, work and spend their free time. The project is topped out with the excellent service and restaurant zone which adds extra energy to this place. The Warsaw Brewery comprises apartments, office space, restaurants and bars, as well as nearly 100,000 sqm of engaging greenery and urban space.