Credit Suisse buys Prosta Tower offices in Warsaw
18:51
Developer Marvipol has confirmed that its Prosta Tower office building in Warsaw has been acquired by investor Credit Suisse Asset Management Immobilien for €26.8 million. In mid-November, the company informed about the signing of a preliminary agreement for the sale of the property with “an international investment fund.” The 18-storey Prosta Tower building is located in the Wola district of the Polish capital and comprises more than 6,000 sqm of usable space. Marvipol has revealed that the revenues from the sale of Prosta Tower will be used to pay off the loan refinancing the building, as well as to finance the development, in cooperation with Panattoni Europe, of new warehouse projects. The warehouse property sector already accounts for a sizable portion of Marvipol's business, said Mariusz Książek, the president of the management board at the company. He added that Marvipol and Panattoni are now preparing to launch another joint warehouse scheme, which will be located in the Katowice agglomeration.
