Savills IM acquires €200m of Warsaw offices for pension fund
Savills Investment Management has acquired two Polish office buildings for more than €200m on behalf of an unnamed pension fund.
Developer HB Reavis sold the two buildings, which encompass close to 53,000sqm of space and form part of the Gdanski Business Center in Warsaw.
The office development was completed in 2016 and is fully occpuied.
Jon Crossfield, head of strategic partnerships at Savills Investment Management, said: “The scheme offers a unique combination of facilities and location, let at attractive rental levels and proven success with a wide range of first-class occupiers.
“The deal also marks another large investment into Poland, a country in which we have made significant investments totalling nearly €1bn in the last two years.”