LaSalle buys Wronia 31 office building
Acting on behalf of the Pan-European fund Encore +, LaSalle acquired Wronia 31 office buildings in Warsaw, Poland.
Purchased offices are located in the western part of Warsaw city center. LaSalle acquired Wronia 31, an office building from Ghelamco with the assurance of excellent sustainability.
The region is the most dynamic, mobile and fastest developing market in the city. The purchase price was not announced by the parties. The newly built building has high quality offices. The building consists of 14 floors and 16,667 square meters. The building is a very tenant establishment. The building has a BREAAM rating. Yapı has won the international BREEAM Awards 2019 competition in the Regional and Central European category.
David Ironside, Fund Manager for Encore+, said: “This is an excellent acquisition for Encore+ where the asset characteristics of geography, sector and micro-location are all in line with the Fund’s investment targets; moreover it increases our exposure to the growing Central European office market and the economic growth in Warsaw.”
Francesco Coviello, Head of Transactions for Central and Southern Europe at LaSalle, said: “This is a very well-located asset in an area with much lower vacancy rates than the rest of Warsaw. As such this is an excellent fit for LaSalle’s flagship pan-European fund and highlights our local knowledge in Poland and our ability to source high-quality assets.”
Sevdenur Demir / [email protected]