Asbud buys Karolkowa Business Park

Development group Asbud has acquired 50 percent in Karolkowa Business Park in Warsaw from CPI, raising its stake in the project to 100 percent. The value of the deal has not been disclosed. The project is currently under development and is scheduled to be delivered in January 2015. It comprises 17,852 sqm of office and retail space and is located on ul. Karolkowa, close to the Rondo Daszyńskiego subway station, set to be completed towards the end of 2014. Asbud Group has been present on the Polish market since 1997, primarily in the residential market. It has been expanding to the commercial real estate market for the past few years.