Klif changes hands

The deal covers the sale of three three major properties: a 21,000-sqm shopping center in Gdynia, another shopping center in Warsaw of 18,000 sqm, and an 8,000-sqm office building also in Warsaw. The trio changed hands for more than EUR 150 (zł.574) million.

The fund bought the properties from Monsun BV. This latest acquisition bring the total space owned by the fund to 200,000 sqm, with a value of around EUR 530 (zł.2,028) million.

The fund is a closed end fund focusing on modern properties in Central Europe. It also owns Atrium Tower in Poland, Mom Park in Budapest, and IBC and Myslbek in Prague. It is managed by PBW Real Estate Asset Management (PBW REAM), a joint subsidiary of IXIS AEW Europe and MEAG. The property will be managed by PBW Polska, a subsidiary of PBW REAM.