Belgian developer Atenor has signed a preliminary agreement for the acquisition of the University Business Center office complex located in the Mokotów district of Warsaw. The acquisition marks the company’s entry into the Polish commercial real estate market. The complex in question consists of two buildings offering a total of 30,500 sqm of space. Atenor plans to demolish the smaller of the buildings (which was built in 1979) and develop a bigger project on the site. In the meantime, the company will monitor the market suitability of the other building, which was completed in 2000 and has an area of 22,000 sqm, and decide whether it needs to be renovated.
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