Renaissance sold

The reported price of the transaction was approximately R25 (zł.98) million at one of the lowest yields recorded in CEE - 5.49 percent. The Renaissance Building is located on Warsaw's Plac Zbawiciela. The building was completed in November 2004 and was constructed behind the original historical facade. CB Richard Ellis, real-estate consultants together with Gide Loyrette Nouel law firm acted as exclusive advisors during the transaction. (Real Estate Newsletter)