CA Immo to sell stake in Poleczki Business Park

Austrian property group CA Immo will sell a 50 percent stake in Poleczki Business Park to its partner in the scheme, UMB Development, for over €80 million, Reuters reported citing the company. Poleczki Business Park is located at Chopin Airport. The deal is expected to closed by the end of the year, according to the Austrian firm. The five-storey complex features 200,000 sqm.