A fund managed by GLL Real Estate Partners has acquired the Renaissance building in Warsaw from Falcon Real Estate Investments, a real estate investment vehicle comprising Spanish private investors.
A fund managed by GLL Real Estate Partners has acquired the Renaissance building in Warsaw from Falcon Real Estate Investments, a real estate investment vehicle comprising Spanish private investors.
CBRE acted as the exclusive adviser during the acquisition process. Financial details were not disclosed.
The Renaissance building is an A-class mixed-use office and retail building developed in 2005, with 5,230 m2 of GLA.
'There is a continually strong demand for Warsaw offices from investors, and Warsaw remains as one of the most popular investment destinations in Europe. Warsaw is looking increasingly attractive as Poland’s economy continues to outperform other parts of Europe,' said Sean Doyle, Associate Director at Capital Markets department at CBRE in Poland.
