Marvipol to sell Prosta Tower in Warsaw
13:00
Developer Marvipol has signed a preliminary agreement with an international investment fund regarding the sale of its Prosta Tower office building in Warsaw. The transaction, which is expected to be finalized in January next year, is valued at €26.7 million. Completed in 2011, the Prosta Tower building is located near the Daszyńskiego roundabout in the Wola district of the Polish capital and comprises a total of approximately 6,000 sqm of usable space over 18 storeys. After the planned sale of Prosta Tower, Marvipol will remain one of the anchor tenants in the building, which is currently 95 percent leased. According to Marvipol, as Wola continues to develop as a new business hub of Warsaw, the market value of Prosta Tower will continue to grow. However, the company has decided to sell the building to be able to earmark the released capital for new projects, said Mariusz Książek, the president of the management board at Marvipol.
