Amundi Real Estate, on behalf of its managed funds, has completed the acquisition of the Nowogrodzka Square office and retail building in the heart of Warsaw, from Polish property developer Yareal.
The deal, which was signed on Wednesday, involves a 11,529 m2 complex over six floors and an underground carpark with 147 spaces.
Built in 2018, Nowogrodzka Square is leased to ten tenants and has been certified “BREEAM Excellent”.
Jean-Marc Coly, Chief Executive Officer of Amundi Real Estate added: ‘The acquisition of this recent, secure and well-located asset in Warsaw is our debut transaction in the Polish commercial property market. This award-winning building complements our portfolio of core and core+ assets and illustrates our capacity for international diversification.’
For this transaction, Amundi Real Estate was advised by CMS, Knight Frank, Sentient and Crido.