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- January 1, 2011: Vol. 5, Number 1

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RREEF Acquires Offices in Warsaw

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RREEF Investment GmbH has purchased two office properties in Warsaw on behalf of the open-end real estate fund Grundbesitz Europa for €80 million. The seller was Globe Trade Centre SA, a Polish developer.

The two properties are located in Warsaw’s Mokotów district. Topaz, completed in 2006, and Nefryt, completed in 2008, comprise a total of 27,000 square metres of space and are fully let with 16 tenants.

“The superior building quality and attractive location of the two office buildings assure an ideal letting situation, which is especially attractive for international corporations,” says Georg Allendorf, head of Germany, Austria and Switzerland for RREEF.

Grundbesitz Europa is invested in 36 properties with a total value of €2.81 billion.

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