CEREIT buys Kraków office buildings for €80 mln

Cromwell European Real Estate Investment Trust (CEREIT) has completed its acquisition of the Green Office and Avatar office buildings in Kraków from Brassa SP for a total of €80 million. CEREIT’s sponsor, real estate investor Cromwell Property Group, will manage both properties. Located within the “Krakowski Park Technologiczny” Special Economic Zone, Green Office comprises almost 23,000 sqm of GLA and is currently fully leased out to Motorola Solutions Systems and UBS Kraków. Avatar is located close to the city center and offers more than 11,300 sqm of leasable space. The building is now fully let to BGŻ BNP Paribas.

(Warsaw Business Journal)