Swedish real estate private equity firm Niam has sold the Axis and Kapelanka 42 A office buildings in Kraków, Poland to Corum. Financial details were kept confidential.
Kapelanka 42 A is located in the southwestern area of Kraków, in the heart of Podgórze. The building, with a total gross leasable area of 17,700 m2, was put into operation in 2014. The second building, Axis, is located in the central part of Kraków, next to the Mogilskie Roundabout. It was completed in 2016 and offers 20 700 m2 of gross leasable area. Both buildings meet the highest quality and safety standards, holding the LEED Green Building Certification (Gold).
CBRE brokered the deal, the vendor was advised by law firm Linklaters.
Niam bought the assets in 2015 as part of the larger €160 mln acquisition of a Polish regional office portfolio from Skanska. The package consisted of four assets.
