Investors Europa Capital and White Star Real Estate have purchased the Plac Małachowskiego office scheme in a joint venture investment. Plac Małachowskiego is a recently redeveloped 18,000 sqm landmark office building close to Saski Gardens and Plac Piłsudskiego, between Warsaw CBD and the old town. The seller is Kulczyk Silverstein Properties, which purchased the property in 2012 from Hochtief Development Poland.
The property is partially leased and tenants include international law firm K & L Gates, global private equity firm CVC Capital Partners, and a number of boutique retailers and a restaurant. White Star will provide local asset and property management services for the project.