Griffin buys Raiffeisen Business Center
12:01
A fund managed by Griffin Real Estate has acquired Raiffeisen Business Center office building located in the city center of Warsaw from Invesco Real Estate. The value of the transaction has not been revealed.
"We have decided to purchase the office building due to its high standard and an excellent central location. We intend to further increase the standard, we will conduct a thorough modernization of the facility next year," said Tomasz Tondera, senior partner, Griffin Real Estate.
"Raiffeisen Business Center is a natural step in enriching our portfolio of office properties. In the coming months we plan to finalize subsequent transactions," Tondera added.
Located in central Warsaw, Raiffeisen Business Center is an eight-story office building with a total lease space of 17,000 sqm. Its main tenant is Reiffeisen Bank Polska.
