CIJ sources revealed that GLL Real Estate Partners has acquired Zaułek Piękna offices in Warsaw from Invesco Real Estate (IRE) FOR AROUND €45m. Built in 2005 by Ghelamco Poland in Warsaw’s CBD, the 8,860 sqm building is fully leased to tenant like Mazars, Pekao Bank, Sony and Bang & Olufsen. JLL advised the vendor.
“The successful sale of Zaulek Piekna confirms the continued demand among institutional investors for core assets in Poland. This demand, combined with the active management of our client’s investment mandate in order to achieve their investment objectives, meant the timing was optimal for us to sell this outstanding asset. However, we continue to have a strong interest in the Polish market on behalf of our existing investment mandates,” said Tomas Picha, Director, CEE transactions for IRE.
