IMMOFINANZ is acquiring the remaining shares in the Warsaw EMPARK Mokotów Business Park to become its sole owner. This transaction expands IMMOFINANZ’s leading position on the office market in the Polish capital.
IMMOFINANZ previously held 50% of EMPARK and is purchasing the remaining shares from its former joint venture partner, an affiliate of Heitman LLC. The parties have agreed not to disclose any information on the sale price. The transaction is subject to approval by the Polish antitrust authority and the closing is expected to take place in September 2015.
EMPARK is one of the largest connected office sites in CEE. The nine buildings have approximately 117,000 m² of rentable space and are located in close proximity to the airport. Tenants include numerous major international companies from the chemical, IT, food, and banking industries.