Hungarians buy four office buildings in Warsaw
23:21
Immofinanz has sold four Warsaw office buildings. The buildings were purchased by a leading Hungarian real estate company, Indotek Group. The sale price is €72.5 million.
The buildings have a total leasable area of approximately 45,300 sqm.
"Thanks to the addition of the Warsaw Spire tower to our portfolio, our goal of concentrating Warsaw office properties on the myhive brand has reached a higher level. We signed the transaction with Indotek Group before the outbreak of the COVID-19 pandemic. We are glad that we were able to finalize this sale," Dietmar Reindl, COO Immofinanz, commented.
The sold office properties are located in the Warsaw districts of Mokotów, Ochota, and Włochy. At the end of December 2020, they reached an average rental level of 80 percent.
In the sales process, Immofinanz was represented by the Penteris Law Firm in Warsaw, while the buyer was represented by Greenberg Traurig.
