VIG buys two office projects in Warsaw

Vienna Insurance Group has acquired Jasna 26 and Libra Business Centre office buildings in Warsaw from Mermaid Properties. CBRE advised the buyer on this transaction. The value of the deal has not been disclosed. “This acquisition is a very good combination of two high quality office assets in stable locations within Warsaw. The transaction confirms the liquidity of Warsaw City’s office market and supports the continuing strong demand from international investors,” said Mike Atwell, Head of CEE Capital Markets at CBRE. Jasna 26 has been converted by Mermaid Properties into predominantly class A offices, offering approximately 5,700 sqm of office space spread over 7 levels and 49 underground car parking spaces. The majority of the building has been preleased to law firm Sołtysiński Kawecki & Szlęzak. Located next to Al. Jerozolimskie on Daimlera Street, Libra Business Centre opened at the beginning of 2013 and provides 16,000 sqm of Class A offices. Current tenants include Infovide-Matrix, Wydawnictwo Naukowe PWN and Canon Polska.