Develia selling Warsaw’s Wola Center complex

Developer Develia (formerly LC Corp) has signed preliminary agreements for the sale of the Wola Center office complex in Warsaw to Gisla, a company controlled by the Hines European Value Fund. The value of the transaction, which was brokered by Knight Frank and Dentons and is expected to be finalized by the end of this year, amounts to €101.9 million. The Wola Center complex is located in the Rondo Daszyńskiego area of the Polish capital and consists of four buildings offering a total of 31,000 sqm of space.

(Warsaw Business Journal)