Warta sells Warsaw office building

Insurer Warta has sold and leased back an office building located on Al. Jerozolimskie in central Warsaw with the transaction having been brokered by CBRE. The name of the buyer and the value of the deal have not been revealed. Warta will stay in the offloaded property till 2021 when it will move to the Warsaw Unit skyscraper, which developer Ghelamco Poland is currently building near Rondo Daszyńskiego in the Wola district of the Polish capital. The insurer earlier this year leased almost 20,000 sqm of space there and will in the future move all its Warsaw offices to the new location. Once it has been vacated by Warta, the building on Al. Jerozolimskie is expected to be remodeled and re-purposed by the new owner.

(Warsaw Business Journal)