CBRE is pleased to announce the purchase of Renaissance, one of the most prestigious properties in Warsaw. A fund managed by GLL Real Estate Partners has acquired the Property from Falcon Real Estate Investments, a real estate investment vehicle comprised of Spanish private investors.
The Renaissance building is a class-A mixed-use office and retail building developed in 2005.
CBRE acted as the exclusive advisor during the acquisition process.
The Renaissance building is a class-A mixed-use office and retail building developed in 2005, with 5,230 m² of GLA. The property is situated on Plac Zbawiciela, which is one of the most prestigious locations in Warsaw with significant retail, leisure and ancillary services for its tenants.
"We are delighted to have been able to advise GLL Real Estate Partners on the purchase of such a unique and prestigious property. There is a continually strong demand for Warsaw offices from investors, and Warsaw remains as one of the most popular investment destinations in Europe.
"Warsaw is looking increasingly attractive as Poland's economy continues to out-perform other parts of Europe", said Sean Doyle, Associate Director at Capital Markets department at CBRE in Poland.