Valad acquires Warsaw Corporate Centre

Valad Europe has purchased Warsaw Corporate Centre office building from MEAG fund, the value of the transaction has not been disclosed.

"This is a high quality acquisition for VCERP and a well-known asset in Warsaw. In the past few months, we have started to see some excellent value-add opportunities in the Central European office sector, particularly in the major cities like Warsaw and Prague, which has led us to broaden the Fund’s investment strategy to include the office sector," Karol Pilniewicz, Valad Europe’s Head of Central Europe said as quoted in a press release. The nine-storey Warsaw Corporate Centre features 8,700 sqm. Its tenants are, among others, Danska Bank, and Broadway Malyan. Valad manages a portfolio valued at €5.3 billion.