13:14 9 October 2019
CPI to invest €800 mln in Warsaw offices
Real estate investor CPI Property Group expects to acquire over €800 million worth of office assets in Warsaw in the final quarter of this year and in early Q1 2020. The company has identified eight properties in the city totaling more than 235,000 sqm and signed exclusive letters of intent regarding the acquisition of assets valued at over €700 million. The properties in question can be characterized as “core plus” and are in central locations, the investor revealed. The planned transactions will range in size from €30 million to more than €200 million. The first two agreements – for the purchase of the Green Corner A and Equator IV buildings – are to be signed in the coming days.
(Warsaw Business Journal)
