BPT Optima real estate investment fund, managed by BPT Asset Management, has sold Moniuszki Tower, a landmark office tower in Warsaw, Poland, to European asset manager Catalyst Capital.
Constructed in 2002, the Moniuszki Tower is a prominent office building in the center of the Polish capital. The 11,589-m² building currently houses the Polish telecommunications operator Telekomunikacja Polska S.A (TP SA) and is one of several buildings occupied by the telecom group.
The property is set to undergo a complete re-commercialization during 2013 when TP SA is expected to relocate to their new campus. The parties have agreed not to disclose the purchase price.
Jones Lang LaSalle advised BPT in the sale, whilst CBRE acted on the behalf of Catalyst Capital.
Source: Jones Lang LaSalle