Union Investment sells Maraton office building in Poznań

Union Investment has sold the Maraton office building in Poznań, Poland, to a subsidiary of UNIQA Real Estate, the real estate company of the Austrian insurance company UNIQA Insurance Group AG. The building has been held by the open-ended real estate fund Unilmmo: Deutschland since 2017. The purchase price was not disclosed.

“We acquired the Maraton office building on completion in 2017, assuming pro rata letting risks. After a successful first leasing cycle, our business plan has been fulfilled and we are pleased to be able to hand over the property, which has been stabilized for the long term, to UNIQA Real Estate,” commented Martin Schellein, Head of Investment Management Europe at Union Investment.

Maraton is located in the southern part of Poznań city centre, near the historic old town. It is situated on one of the city’s main arterial roads and well served by public transport. The rental space totals 26,151 sqm and is currently fully let. The property’s sustainability is documented by LEED Platinum certification.