Allianz Real Estate Germany, represented by international real estate advisor Savills, has purchased Warsaw's Platinium Business Park, in Poland from Globe Trade Centre for a total of 173 million.
The complex comprises five completed office buildings totaling 56,000 m², which are located at the junction of Domaniewska Street and Woloska Street in Warsaw's Mokotów district. The scheme is almost 100% let to tenants including Publicis Group, Peugeot, Panasonic, Aviva and Levi Strauss.
Michal Cwiklinski, Çead of Énvestment at Savills Poland, says: "This is a key transaction in the Warsaw investment market and is evidence that international investors are seeking well-let, quality assets in prime locations.
"After a relatively protracted completion process, this deal also shows that transactions are taking longer than before with more detailed and exacting due diligence, which shows a maturity and stability that we have not seen before."