12:46 27 December 2019
Fprop sells stake in Warsaw office tower
Real estate fund manager and investor First Property Group (Fprop) has signed an agreement for the sale of a 50.3% interest in Chałubińskiego 8, an office tower located in the center of Warsaw, with the name of the buyer not having been revealed. The transaction, whose value amounts to €44 million, will be completed once the treatment of VAT relating to the sale has been approved by Poland’s tax authorities. This is expected to happen by the end of March. The skyscraper in question comprises over 42,000 sqm of office space.
(Warsaw Business Journal)
