Warsaw’s Feniks building changes hands

A South Korean investor has, acting through investment management company Warburg-HIH Invest Real Estate, acquired the Feniks office building in Warsaw from the Patrizia Immobilien fund with the value of the transaction not having been revealed. Savills and CBRE brokered the deal representing the buyer and the seller respectively. The building in question is located on ul. Żelazna in the Polish capital’s Wola district and offers more than 10,000 sqm of leasable office and retail space. It was completed in 2012 by Europlan and Griffin Real Estate. The property is currently fully commercialized with BOŚ Bank being the anchor tenant.

(Warsaw Business Journal)