German fund manager Warburg-HIH Invest has concluded the purchase of the Prime Corporate Center in central Warsaw.
The transaction, which took the form of an asset deal, was carried out as a club deal fo four separate accounts of German institutional investors. The vendor was the Warsaw-based developer Golub GetHouse.
The building, completed in March this year, has a total lettable area of almost 20,900 m2 over 23 floors and five basement levels. The property is let in its entirety to Raiffeisen Bank Polska SA under a 10-year lease.
Warburg-HIH Invest was represented in the transaction by Cushman & Wakefield.
