Develia S.A. has signed a preliminary purchase agreement (PSPA) with an Adventum Group entity for Wola Retro, a prestigious office building located in Warsaw. The agreed price is approximately EUR 69.8 million. The transaction is scheduled to close by the end of April 2023.
The seller was jointly represented by Avison Young and JLL. The buyer was advised by CBRE.
Wola Retro consists of three harmoniously composed buildings – one built in the 1930s for office and retail use, and two new towering buildings, blended into the historic surroundings. The building offers about 25,900 sqm of total leasable space.
The complex is a five-minute walk from Warsaw’s state-of-the-art business zone centered around Daszyńskiego Roundabout. New residential developments are being built nearby, guaranteeing infrastructure development.
The selling side was also advised by Dentons and GWW, while the buyer was advised by BSWW.
