Cromwell European REIT acquires €89m office asset in Poland

Cromwell European Real Estate Investment Trust (CEREIT) has bought a 42,267sqm of office asset in Poland for €88.8m.

CEREIT said it has acquired the fully-let Business Garden business park in Poznań from Vastint Poland.

The property will be managed by CEREIT’s sponsor, Cromwell Property Group, through its integrated European investment management platform.

Karol Pilniewicz, head of CEE at Cromwell, said: “Poznań is the fifth largest city in Poland and one of the wealthiest, making it a very attractive location for domestic and international occupiers and investment.

“We are currently experiencing a lot of interest in the Polish market from international and Asian investors in particular.”

Related images

  • Business Garden, Poznan, Poland

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2572

    Asset class: High Yield Bonds.
    Asset region: Global.
    Size: $200m.
    Closing date: 2019-11-27.

  • QN-2573

    Asset class: Real Estate.
    Asset region: Global.
    Size: CHF 150m.
    Closing date: 2019-12-06.

Begin Your Search Now