CEE property investor Globe Trade Centre (GTC) has acquired the Pixel office building in Poznan, Poland from the Garvest Real Estate fund for €32 mln.
CEE property investor Globe Trade Centre (GTC) has acquired the Pixel office building in Poznan, Poland from the Garvest Real Estate fund for €32 mln.
Pixel was commissioned for use in 2013 and offers 14,500 m2 of office space on seven floors above ground. The building is entirely leased by Grupa Allegro.
JLL and CMS Cameron McKenna advised the vendor on the transaction, while Hogan Lovells advised the buyer.
'The sale of the Pixel office building is the second investment transaction in 2016 and the fourth in the last 12 months concluded on the office market in Poznañ. Investor activity is encouraged by the availability of high-quality projects secured with institutional lease agreements and the higher yields compared to Warsaw, Kraków or Wroclaw,' commented Slawomir Jêdrzejewski, national director, office and industrial investment at JLL Poland.
