Peakside Capital has sold Atrium Centrum & Atrium Plaza office buildings in Warsaw, Poland to CPI Property Group. The two seven-storey office buildings with an aggregate GLA of 31,869 m², also include a medical centre, a restaurant, a bank, a pharmacy, premium fashion stores and 410 parking lots. The purchase price was not disclosed.
“On behalf of our client, Peakside has successfully managed a value-add program improving both Atrium Centrum as well as Atrium Plaza by the refurbishment of the assets, leasing up vacant space and improving the retail offer. The successful sale further exemplifies Peakside Capital’s ability to generate attractive returns to our investors in CEE,” commented Stefan Aumann, Managing Partner and Founder of Peakside Capital Advisors.
“CPIPG continues to see good opportunities in both office and retail in Poland. This acquisition was a natural fit for our strong and growing office platform in Poland”, commented Tomas Salajka, Director of Acquisitions, Asset Management & Sales of CPI Property Group.
