CEREIT acquires Poznań offices for almost €89 mln

Cromwell European Real Estate Investment Trust (CEREIT) has completed its acquisition of the Business Garden office park in Poznań from developer Vastint Poland with the value of the transaction amounting to €88.8 million. CEREIT’s sponsor, real estate investor Cromwell Property Group, will manage the property. The transacted buildings total over 42,000 sqm of GLA and are currently fully leased out to such tenants as CapGemini, GSK, MAN Group and Santander Group.

(Warsaw Business Journal)