BPI Real Estate Poland, together with a long-term JV partner, has successfully completed the acquisition of a property at 1a Moniuszki Street in Warsaw. The transaction was concluded with CPI Property Group. The 20-storey office building, offering 9,860 sqm of gross leasable area (GLA), benefits from a strategic location in the very heart of Warsaw. Currently, most of the office space is leased and for now the building will continue to serve its existing function, but a long-term plan is to transform it into residential use through a sustainable reconversion strategy.

“This is an exceptionally attractive investment opportunity in Warsaw’s dynamic real estate market. Acquiring a property with such potential fits perfectly with our long-term strategy of selecting prime sites in Poland’s key urban centres. I would like to extend my sincere thanks to 

CPI Property Group for the constructive and professional negotiation process that led to this successful transaction. My appreciation also goes to all our partners and advisors, whose commitment and efficiency were instrumental. This deal once again demonstrates the agility of BPI and the strength of our team, capable of executing complex transactions swiftly and with professionalism,” said Béranger Dumont, General Manager, BPI Real Estate Poland.

The acquisition was made as part of a joint venture between BPI Real Estate Poland and a long-standing investment partner, reflecting both companies’ shared commitment to selecting premium urban location. The partnership has already delivered successful projects, including the Chmielna Duo development in Warsaw.

Situated between Moniuszki, Sienkiewicza and Jasna Streets, the building boasts an excellent location – just a four-minute walk from the Świętokrzyska metro station, slightly over one kilometre from the Central Railway Station, and within close proximity to both the Old Town and Plac Powstańców Warszawy. At present, the office property is almost fully leased and will continue to serve its current purpose. However, the new owners’ long-term plan is to ultimately undertake its sustainable reconversion into residential use.

"We are pleased that the building at 1A Moniuszki Street has been acquired by an experienced partner who shares our vision of quality investment and responsible urban development. This transaction marks another step in CPI Property Group’s ongoing portfolio management strategy, which focuses on optimizing asset value and strengthening our position in high-growth office and retail segments," said Barbara Topolska, Country Manager, CPI Property Group Poland.

The buyer was advised in the transaction by the law firm CRIDO and consulting firm CRIDO, Andrzej Lulka, BNP Paribas Real Estate, APA Wojciechowski, and SAVILLS. Bank Millennium S.A. provided the acquisition financing, supported by Gide Loyrette Nouel. Legal advisory for CPI Property Group was provided by Dentons.

About BPI Real Estate Poland

BPI Real Estate Poland, part of the Belgian CFE Group, has been present on the Polish market for 15 years. Its portfolio comprises 15 residential projects, including completed developments such as Czysta 4 and Bulwary Książęce in Wrocław; Vilda Park and Panoramiqa in Poznań; Cztery Oceany in Gdańsk; Bernadovo in Gdynia; as well as Rezydencja Barska, wolaRE, Wola Libre, Wola Tarasy and Chmielna Duo in Warsaw. Ongoing projects include PianoForte in Warsaw and Cavallia – a multi-stage mixed-use complex in Poznań developed in partnership with Revive Poland. New projects are also being prepared in Gdańsk and Poznań.

Looking ahead, BPI Real Estate Poland aims to continue expanding its presence in Poland, with a strategic focus on the premium residential segment. The company’s approach is grounded in product diversification across the key urban markets where it is already present and a commitment to sustainable development principles, which form the cornerstone of all BPI projects in Poland.

More at: bpi-realestate.pl 

(WBJ)