Immofinanz to acquire Empark Mokotów Business Park

Real estate developer Immofinanz will purchase the remaining stake in Empark Mokotów Business Park, thus becoming the only owner of the Warsaw-based complex, the ISBnews agency reported. The value of the deal is unknown. The stake belong to the developer's former join venture partner, Heitman LLC. The transaction is to be approved by the Polish anti-monopoly watchdog UOKiK. It is to be finalized in September. Real estate services company JLL advised Heitman on the transaction. Empark Mokotów Business Park is one of the largest office buildings complex in the CEE region, encompassing 117,000 sqm.