German fund buys 72 units in Złota 44

Real estate developer BBI Development has inked a preliminary deal with German real estate fund Catella Wohnen Europa for the sale of 72 apartments in Warsaw's skyscraper Złota 44, the developer said. The total space of the apartments amounts to 8,224 sqm, accounting for 23 percent of the building's total space. The value of the transaction does not "differ from the market value," a statement read. The final agreement should be signed before end-2017.