BBI Development to sell Centrum Marszałkowska

The Polish WSE-listed property developer BBI Development has signed a letter of intent in terms of selling Centrum Marszałkowska, the company said in a statement. BBI Development has indicated neither a buyer, nor the sum of the transaction. It is known only that the client is an international institution managing real estate funds, which has been present on the Polish market for many years. The main settlement of the transaction should take place no later than on December 31, 2018, BBI informed. The scheme is located in the very center of Warsaw next to Świętokrzyska subway station. The building will offer 13,100 sqm of office area and 3,400 sqm of retail area. The completion of the project is planned for the beginning of 2018. BBI Development has been listed on the WSE since 1997.