Europa Capital (“Europa”) together with White Star Real Estate (“White Star”) announce that they have completed the acquisition of Plac Malachowskiego in central Warsaw (“the Property”).
Plac Malachowskiego is a recently redeveloped 18,000m² landmark office building close to Saski Gardens and Plac Pilsudski between Warsaw CBD and the old town. Car parking is also provided on site.
The Property is partially leased and tenants include international law firm K & L Gates, global private equity firm CVC Capital Partners and a number of boutique retailers and a restaurant. The building offers prospective tenants with a rare opportunity to lease high quality space in one of the few historical buildings in the CBD of Warsaw.
Europa and White Star have formed a joint venture for the purposes of this investment, while White Star will provide local Asset and Property Management services for the Project.
James Farmer, Director (Central Europe Acquisitions) at Europa, added: “Plac Malachowskiego represents a rare opportunity to invest in a truly first class office building in a unique location in the CBD of Warsaw. The investment fits perfectly with our strategy to acquire high quality buildings in the key capital cities of the Central Europe region”.
