Zeus planning further investments in Poland
20:37
Zeus Capital Management intends to increase its presence in the CEE markets. Recently, jointly with Resolution Property it acquired Floreasca Park, an office complex of over 40,000 sqm in the heart of Bucharest's business district. The property was sold to a joint venture by a fund managed by GLL Real Estate Partners (member of the Macquarie Group).
“We are pleased to be able to finalize the purchase of this prestigious office complex, which is the next step in our CEE investment program," Stelios Zavvos, president and CEO of Zeus Capital Management, said.
The company is also planning further investments on the Polish market. Zeus's first transaction in Poland on the Warsaw market was the acquisition of the Graffit office building. It is a modern A-class office building, put into use by Hines in the first quarter of 2018, offering a total leasable area of approximately 19,000 sqm. The building, whose largest tenant is Roche, has a BREEAM Excellent certificate and offers flexible and effective rental space. Graffit is ideally located at Domaniewska Street between Wołoska and al. Niepodległości in Mokotów, in an area that has recently experienced revitalization, which increases the demand of tenants for office space in this area.
(WBJ)
