Yareal Polska has sold the Cristal Park office building in Warsaw to Azora, one of Spain's leading private equity companies with more than EUR 700 mln under management. Completed at end-2009, the deal is just one of a few sales concluded in the Warsaw office market in 2009.
Yareal Polska has sold the Cristal Park office building in Warsaw to Azora, one of Spain's leading private equity companies with more than EUR 700 mln under management. Completed at end-2009, the deal is just one of a few sales concluded in the Warsaw office market in 2009.
Cristal Park is a three-storey office building constructed which has been fully leased since completion in April 2009. The complex totals 10,300 m2 of leasable space and has an underground parking garage with 225 spaces.
King Sturge and Warsaw Property Partners acted as advisers.
