The Czech investor CPI Property Group has completed the acquisition of the Eurocentrum office complex in Warsaw from Capital Park. JLL advised the buyer on the transaction.
“This is CPI Property Group’s second transaction finalized on the Warsaw office market in recent weeks. This agreement confirms the unflagging potential of the capital’s office sector, where the impressive activity of developers goes hand in hand with great investor interest. Investors are focusing on both new buildings as well as schemes with an established position among Warsaw tenants. There is undoubtedly a very interesting and busy end of year ahead of us. We forecast that this year’s transactions in Poland’s office industry will be a record total of over €3.6 billion,” said Marcin Sulewski, Director in Office and Industrial Investment, JLL.
Eurocentrum is an office complex composed of three sections, offering over 85,000 sqm of usable space for lease, including 3,500 sqm of retail and service space. The investment is located in Warsaw’s Ochota on Aleje Jerozolimskie – one of the city’s major thoroughfares. Other districts are within easy reach of the location as it is well-served by both road and public transport.