Vienna Insurance Group has acquired Jasna 26 and Libra Business Centre office buildings in Warsaw. CBRE advised the buyer on this transaction. Mermaid Properties was the investor and developer of both projects.
“This acquisition is a very good combination of two high quality office assets in stable locations within Warsaw. The transaction confirms the liquidity of Warsaw City’s office market and supports the continuing strong demand from international investors. We are delighted to have advised Vienna Insurance Group in this transaction,” said Mike Atwell, Head of CEE Capital Markets at CBRE.
Jasna 26 has been converted by Mermaid Properties into pre-dominantly Class A offices, offering 5,700 sqm of office space spread over 7 levels and 49 underground car parking spaces. The majority of the building was prelet to Sołtysiński Kawecki & Szlęzak, a leading Polish law firm.
Located next to Al. Jerozolimskie on Daimlera Street, Libra Business Centre opened at the beginning of 2013 and provides 16,000 sqm of Class A offices. Current tenants include Infovide-Matrix, Wydawnictwo Naukowe PWN and Canon Polska.
ECE has launched its inaugural European residential real estate fund and successfully raised equity commitments from renowned institutional investors, including two large highly reputable German insurance groups. With the...