Amundi Real Estate has invested an undisclosed amount on behalf of funds it manages to buy an office asset in Poland.
The manager said it has bought the Neopark A office complex in Warsaw from property developer Yareal.
The 24,620sqm asset, spread over two buildings, is leased to several tenants. The buildings were built in 2017 and 2018.
Marc Bertrand, CEO of Amundi Real Estate, said: “With the acquisition of this campus, we are strengthening our position in the Polish corporate real estate market.
“This is in line with our strategy to secure revenues in assets that meet the criteria of flexible, collaborative spaces that improve the comfort and working environment of users. Warsaw offers attractive yield opportunities and recent assets occupied by international companies.”
In April last year, Amundi Real Estate entered the Polish property market with the acquisition of Nowogrodzka Square, an office and retail building in Warsaw.
To read the digital edition of the latest IPE Real Assets magazine click here.
No comments yet