Over 50% shares in office tower in center of Warsaw sold

The British financial group First Property Group has a 50.3 percent sale agreement of shares in the office tower at Chałubińskiego 8 street in Warsaw. The selling price was set at €44 million.
The implementation of the contract is postponed until the Polish tax authorities approve the method of settlement of sales-related VAT, which is expected until March 31, 2020.
As a condition of sale, First Property Group guaranteed rental revenues and service charges as well as finishing costs for the remaining free space.
The CH8 office tower (former Intraco II)  has 45,500 sqm of office space and 4,500 sqm of the service area. The tower also offers 355 parking spaces, including over 200 underground spaces. The building underwent a number of modernizations, including the space in front of the building and common areas.
(Property News)