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Sign in Sign up for a FREE subscriptionDeka Immobilien invests in Warsaw for €152m
Deka Immobilien has acquired an office complex in Warsaw for €152 million ($179 million).
The seller is a subsidiary of the listed company Echo Investments S.A., one of the largest real estate developers in Poland. The property will be added to the portfolio of the WestInvest InterSelect open-ended real estate fund.
The complex on Grzybowska Street comprises Malthouse Offices, a new building completed in 2020, and renovated properties the Malthouse, the Time Cellars and Villa Offices. The multi-tenant property has a lettable space of approximately 30,000 square meters (322,917 square feet) and 180 parking spaces, the majority of which is leased under long-term leases. The main tenants are the Polish brewery Grupa Żywiec, the international law firm Allen & Overy and the consulting company MDDP.
The complex is part of the Warsaw Brewery project development, which comprises a total of more than 100,000 square meters (1.1 million square feet) of offi
