Torus sells Alchemia II office complex for €60.6 mln

Polish office developer Torus has signed a preliminary sales agreement for the second phase of Alchemia office complex in Gdańsk with PHN SPV 33, a subsidiary of the Polski Holding Nieruchomości (PHN) Group. The value of the transaction is €60.6 million. It is expected to be finalised by the end of September 2016. In August, the company sold Alchemia I to a joint venture of Bluehouse Capital Advisor Ltd and REINO Dywidenda Plus SA (managed by REINO Partners). Earlier, in July, Torus signed a 10-year lease agreement with State Street for over 14,000 sqm of office space in Alchemia II. It was one of the largest financial transactions in Poland that year.