Develia sells Warsaw office building for €69.8m (PL)

Develia sells Warsaw office building for €69.8m (PL)

Develia signed a PSPA with an entity from Adventum Group for prime office building located in Warsaw, Wola Retro. The purchase price is €69.8m. Closing is expected by the end of April 2023. The seller was co-represented by Avison Young and JLL, the buyer was advised by CBRE.

 

The property offers circa 25,900m² GLA. Wola Retro includes 3 harmoniously composed buildings – one built in the 1930s, to be adapted as an office-service facility, and 2 brand new office buildings towering over and merged with the historical surroundings. It is located within 5-minute walk from Rondo Daszyńskiego business area. There are newly built housing investments in the neighbourhood, which guarantees infrastructural development.

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