CEREIT acquires three office buildings for over €69 mln

Investor Cromwell European Real Estate Investment Trust (CEREIT) has acquired three office buildings in Poland – Riverside and Grójecka 5 in Warsaw, and Arkońska Business Park in Gdańsk – for a total of almost €69.4 million. The properties comprise a combined 34,500 sqm of leasable space and will be managed by CEREIT’s sponsor, Cromwell Property Group. Valued at nearly €1.8 billion, CEREIT’s portfolio currently consists of 97 office, light industrial/logistics and retail properties, which offer a total of approximately 1.4 million sqm of lettable area and are located in Denmark, Finland, France, Germany, Italy, the Netherlands and Poland.
Warsaw Business Journal