GalCap Europe has finalised its first commercial real estate acquisitions in Poland. The investor purchased two historic boutique office buildings in Warsaw City Centre – Wilcza 46 and Mokotowska 33/35 from Amhola, the private equity investment company. The buyer and the seller decided not to disclose any purchase price details.
The assets comprise c.7,500m² of office and retail GLA, let to reputable tenants such as the Museum of Polish History, Adam Mickewicz Institute, State Mining Authority, SMEs Advocate Office as well as Bazar Kocha and Nolita.
Marco Kohla, Managing Partner of GalCap Europe, said: “The acquisition of these two properties is another important step in building up a diversified portfolio. Acquiring Wilcza 46 and Mokotowska 33/35 is a unique investment opportunity on Warsaw’s market, which due to their superb location and timeless character perfectly fit into our growing portfolio in the region. The two assets are great examples for our value-driven investment approach: well-established buildings in the most central locations, not predominantly long-term lease contracts.”
Marek Paczuski, Deputy Head of Investment, Savills in Poland, commented: “This acquisition will be a great starting point for GalCap’s expansion in Poland. Both buildings are among the most prestigious locations in Warsaw and will remain appealing to tenants and resilient to future supply of office space.”
